India Pesticides IPO will open for subscription from 23 June 2021. the company aims for an issue size of ₹800 crores through this ipo.
Also read: IPO List 2021: a complete list of IPOs in 2021
India Pesticides Limited
Incorporated in 1984, India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 1 Technicals and 2. Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the sole Indian manufacturer of several Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The company also manufactures 30+ formulations of insecticides, fungicides, and herbicides.
Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Fiscal 2020. However, agrochemical formulations are primarily sold to domestic crop protection manufacturers i.e. Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd. Currently, the firm has two manufacturing plants UPSIDC Industrial Area at Dewa Road, Lucknow, and Sandila, Hardoi in Uttar Pradesh, India with an installed capacity of 19,500 MT for agrochemicals and 6500 MT for formulations.
Objects of the Issue
- To finance the working capital requirements of the company.
- To meet general corporate purposes.
Competitive strengths
- Among the top 5 global players of Folpet, Thiocarbamate, and Herbicide Technicals.
- Diversified product portfolio with specialized products.
- Domestic as well as international market presence.
- Consistent track record of financial performance.
- Strong Research & Development (R&D) capabilities.
Basic details about the company
| Full name | India Pesticides Limited |
| Sector | Chemicals |
| Industry | Pesticides & Agrochemicals |
| Company Website | www.indiapesticideslimited.com |
Dates to remember
| IPO Open | 23 June 2021 |
| IPO Close | 25 June 2021 |
| Basis of Allotment | 30 June 2021 |
| Refunds date | 01 July 2021 |
| Credit to Demat Account | 02 July 2021 |
| Listing Date | 05 July 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹800 Crores |
| Fresh Issue | ₹100 Crores |
| Offer for sale | ₹700 Crores |
| Face value | ₹1 Per Equity Share |
| Price band | ₹290 to ₹296 Per Share |
| Retail Allocation | 35% |
| Lot size | 50 Shares |
| Minimum application | 1 Lot–50 Shares |
| Maximum application | 13 Lots-650 Shares |
| Minimum application amount | ₹14,800 |
| Maximum application amount | ₹192,400 |
| Listing Exchange | BSE & NSE |
Financial summary
| FY2020 | FY2021 | ||
| Revenue | 346.0 | 489.7 | 655.4 |
| Expenses | 284.9 | 396.4 | 475.4 |
| Comprehensive income | 43.9 | 70.6 | 134.9 |
| Margin (%) | 12.7 | 14.4 | 20.6 |
Valuation of India Pesticides (as of FY2020)
| Earnings Per Share (EPS) | ₹12.07 |
| Price/Earnings (PE ratio) | 24.02 – 24.52 |
| Return on Net Worth (RONW) | 34.54% |
| Net Asset Value (NAV) | ₹34.94 per share |
Company Promoters
- Anand Swarup Agarwal
- The ASA Family Trust
Lead Managers
- Axis Capital Limited
- JM Financial Consultants Private Limited
Registrar of India Pesticides IPO
KFin Technologies Private Limited Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com Website: www.kfintech.com
India Pesticides Contact Details
India Pesticides Limited
Swarup Cold Storage Compound, Water Works Road, Aishbagh,
Lucknow 226 004, Uttar Pradesh
Phone: +91 0522 2653602
Email: investor@indiapesticideslimited.com
Website: www.indiapesticideslimited.com
India Pesticides IPO Allotment Status
India Pesticides IPO allotment status will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Final thoughts
India Pesticides IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing