India Pesticides IPO

India Pesticides IPO Date, Price band Details

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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 nameIndia Pesticides Limited 
IndustryPesticides & Agrochemicals

Dates to remember

IPO Open23 June 2021
IPO Close25 June 2021
Basis of Allotment30 June 2021
Refunds date01 July 2021
Credit to Demat Account02 July 2021
 Listing Date05 July 2021

IPO details

Issue typeBook 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 Allocation35%
Lot size50 Shares
Minimum application1 Lot50 Shares
Maximum application13 Lots-650 Shares
Minimum application amount₹14,800
Maximum application amount₹192,400
Listing ExchangeBSE & NSE

Financial summary

Comprehensive income43.970.6134.9
Margin (%)12.714.420.6

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 
 +91 40 2343 1551
Email: Website:

India Pesticides Contact Details

India Pesticides Limited
Swarup Cold Storage Compound, Water Works Road, Aishbagh,
Lucknow 226 004, Uttar Pradesh
Phone: +91 0522 2653602

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

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