IPO Status: Closed [23rd Jun 2021 to 25th Jun 2021]
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.
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 details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|India Pesticides Issue Details||Values|
|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|
|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|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||5,517,241||4,137,931||9,655,173||19,310,345||1||23rd Jun 2021 17:02||0.00x||0.19x||2.51x||1.29x||2||24th Jun 2021 17:02||2.31x||0.91x||5.88x||3.79x||3||25th Jun 2021 17:02||42.95x||51.88x||11.30x||29.04x|
Past performance and financial results of India Pesticides.
|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|
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.
|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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India Pesticides IPO DRHP >>Document
India Pesticides IPO RHP >>Document
India Pesticides IPO Allotment Status >>Link
India Pesticides Limited
35-A, Civil Lines
Bareilly 243 001,
Last Updated on 2021-07-13T08:12:09+00:00
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.
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To subscribe or apply in India Pesticides IPO, you can use the following methods:
|India Pesticides IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for India Pesticides IPO
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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?
India Pesticides IPO Allotment Date is 30-06-2021.
Other relevant questions:India Pesticides IPO share allotment date?India Pesticides IPO allotment date?