India Pesticides IPO

IPO Status: Closed [23rd Jun 2021 to 25th Jun 2021]

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About Indian Pesticides IPO

Indian Pesticides IPO, India's leading agrochemical company IPO worth Rs. 800 Cr comprising fresh issue of Rs.100 Cr and offer for sale of Rs. 700 Cr to be open for subscription on 23 June and closes on 25 June 2021. The price band is fixed at Rs. 290-Rs.296. The minimum price is 290 times and maximum/floor price is 296 times of Rs. 1 face value. IPO lot size is 50 shares and its multiples. Stay tuned with us to get the complete information about Indian Pesticides IPO including issue details, tentative timeline, financials, pros, cons, grey market premium (GMP), allotment, and subscription.

About the Company - Indian Pesticides Limited

Indian Pesticides Limited is India's one of the established agrochemical manufacturers. It is the only Indian manufacturer and among the top 5 global market players of several technicals Folpet and Thiocarbamate Herbicide. The company mainly exports its Herbicides and fungicides technicals in European countries, Africa, USA, and Africa. Thus, majority of technicals revenue comes in the form of export, as accounted for 62% in fiscal 2020.

However, it sells formulations for insecticides, fungicides, and herbicides in the domestic market. UPL Ltd, Ascenza Agro, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd are a few of the clients of the firm.

Currently, it owns 2 manufacturing plants in Lucknow and Uttar Pradesh. As on Sep 2020, it has an aggregated installed agrochemical manufacturing capacity of 19,500 MT and formulations manufacturing capacity of 6500 MT.

India Pesticides IPO Objective

  1. To meet incremental working capital requirement of the firm.
  2. To meet general corporate purposes.

India Pesticides IPO Details

India Pesticides IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

India Pesticides IPO Details
India Pesticides Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹800 Cr.
Offer for Sale: ₹700 Cr.
Fresh Issue: ₹100 Cr.
Face Value: ₹1 Per Equity Share
IPO Issue Price: ₹290-296
IPO Discount: NA
Market Lot: 50 Shares
Min Retail Qty: 50 shares (1 lot)
Max Retail Qty: 650 shares (13 lots)
Promoter Holding Pre IPO: 82.68%
Promoter Holding Post IPO: 72%
IPO Listing At: BSE, NSE
BSE Code: 543311
NSE Code: IPL

India Pesticides IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 5,517,241 Shares
  • Non-Institutional Investors: 4,137,931 Shares
  • Retail Individual Investor: 9,655,173 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered5,517,2414,137,9319,655,17319,310,345
123rd Jun 2021 17:020.00x0.19x2.51x1.29x
224th Jun 2021 17:022.31x0.91x5.88x3.79x
325th Jun 2021 17:0242.95x51.88x11.30x29.04x

India Pesticides Financials for past 3 Years

Past performance and financial results of India Pesticides.

India Pesticides financial
India Pesticides Limited Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹517.08 Cr ₹365.70 Cr ₹317.24 Cr ₹240.36 Cr
Total Income ₹655.38 Cr ₹489.73 Cr ₹346.04 Cr ₹255.86 Cr
Net Profit/Loss ₹134.53 Cr ₹70.80 Cr ₹43.92 Cr ₹32.81 Cr

India Pesticides IPO Strengths

  • Leading Indian agrochemical manufacturer and top 5 global manufacturers of Folpet and Thiocarbamate Herbicide.
  • Strong in-house product development expertise with an R&D focus.
  • The diversified product portfolio of technicals and formulations.
  • Technicals export to 20+ different countries across the globe.
  • Strong financial track record.

India Pesticides IPO Threats/Weaknesses

  • Strict compliance with domestic as well as international markets.
  • Foreign exchange risk because of adverse fluctuations in the currency will affect revenue adversely.
  • A significant portion of revenue is being generated from the top 10 customers, as accounted for 59% in fiscal 2020.
  • Uncertain impact of COVID-19 on business operations, revenues, and profitability.

India Pesticides IPO Important Dates

In this section we have covered all important dates related to India Pesticides IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

India Pesticides IPO important dates
IPO Activity Date
IPO Issue Open Date 23rd Jun 2021
IPO Issue Close Date 25th Jun 2021
Basis of Allotment Finalisation Date* 30th Jun 2021
Refunds Initiation* 1st Jul 2021
Credit of Shares to Demat Account* 2nd Jul 2021
IPO Listing Date* 5th Jul 2021

* - Tentative Dates

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@
  NRI Form ⇒

India Pesticides IPO DRHP >>Document

India Pesticides IPO RHP >>Document

India Pesticides IPO Allotment Status >>Link

Company Address

India Pesticides Limited
35-A, Civil Lines
Bareilly 243 001,


Website: https://www.indiapesticideslimited.com/
Email: [email protected]
Phone: +91 05812567459

Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.

Phone: +91 40 6716 2222
Email: [email protected]
Website: https://karisma.kfintech.com/

Lead Manager

  1. Axis Capital Limited
  2. JM Financial Limited
India Pesticides IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for India Pesticides? Should I apply in India Pesticides IPO?

Last Updated on 2021-07-13T08:12:09+00:00

India Pesticides IPO FAQs

  1. 1. How to subscribe India Pesticides IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase India Pesticides IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply India Pesticides IPO with Zerodha.

    Alternate approch to apply in India Pesticides IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    India Pesticides IPO Review and Important Updates

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  2. 2. How to apply in India Pesticides IPO online?

    Apply in India Pesticides IPO online

    To subscribe or apply in India Pesticides IPO, you can use the following methods:

    India Pesticides IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in India Pesticides IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in India Pesticides IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in India Pesticides IPO. Most of the Syndicate Banks provide access to apply in India Pesticides IPO via ASBA process. You must have your net banking access, DP ID information to apply in India Pesticides IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in India Pesticides IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    India Pesticides IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe India Pesticides IPO? Where to apply for India Pesticides IPO? How to subscribe India Pesticides IPO online? India Pesticides IPO where to apply? Where to buy India Pesticides IPO online? How to buy India Pesticides IPO online? How to purchase India Pesticides IPO? How to get India Pesticides IPO? How to book India Pesticides IPO? How to invest India Pesticides IPO? India Pesticides IPO kaise buy kare?

     

  3. 3. How to download online application form for India Pesticides IPO?

    Applying in India Pesticides IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download India Pesticides IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply India Pesticides IPO, please refer article >> Link

    India Pesticides IPO Review and Important Updates

    Steps to download the online application form for India Pesticides IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 50 and max 650 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of India Pesticides IPO?

    India Pesticides IPO is going to be list on 05-07-2021. NSE Code for India Pesticides is IPL. BSE Code for India Pesticides is 543311.

    Other relevant questions:

    When India Pesticides IPO will be listing? India Pesticides IPO NSE listing date?India Pesticides IPO date of listing.India Pesticides IPO BSE listing date?

     

  5. 5. When India Pesticides IPO will be allocated?

    India Pesticides IPO Allotment Date is 30-06-2021.

    Other relevant questions:

    India Pesticides IPO share allotment date?India Pesticides IPO allotment date?

     

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User Comments

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10. Sushil Kumar  6/23/2021 10:23:13 AM Reply
Must Apply IPO as strong profitability with reasonable valuation
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9. DB Singh  6/22/2021 6:24:34 PM Reply
Specialty chemicals and agro chemical sector looks promising in next few years.
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8. Chandra S  6/22/2021 10:25:56 AM Reply
Retail proportion ???
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7. Kunal Mehta  6/21/2021 10:16:53 AM Reply
Latest GMP please
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7.1. Team TopShareBrokers  6/21/2021 10:21:01 AM
Dear Kunal,
Checkout the latest GMP of India Pesticides here;
https://www.topsharebrokers.com/gmp/india-pesticides-ipo-gmp/103/
avatar
6. Chandra S  6/21/2021 10:19:43 AM Reply
Great IPO can apply for listing gains as well as long term
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5. ashutosh vishwakarma   6/14/2021 4:31:51 AM Reply
India Pesticides IPO - CRISIL Rating, Apply or not?.
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4. Shubham Waichalkar  6/14/2021 4:31:51 AM Reply
India Pesticides IPO whether to invest or not.
avatar
3. DAVINDER AHUJA  6/14/2021 4:31:51 AM Reply
India Pesticides IPO good or bad.
avatar
2. Gunasekaran S  6/14/2021 4:31:51 AM Reply
Please confirm India Pesticides IPO GMP (grey market premium) and kostak.
avatar
1. AMIT GUPTA GUPTA  6/14/2021 4:31:51 AM Reply
India Pesticides IPO expected listing gain.

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