IPO

India Pesticides Limited IPO

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Pesticides & Agrochemicals

Listed On: Jul 5, 2021 at ₹ 350(NSE)

₹ 14800 /50 Shares

Check Allotment

23 Jun, 2021

Open Date

25 Jun, 2021

Close Date

30 Jun, 2021

Allotment Date

05 Jul, 2021

Listing Date
Price Summary

Last Closing

173.00 (-41.55%)

52 Week High

245.84

52 Week Low

119.79

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹290 to ₹296 per equity share
  • Face Value ₹1 Per Equity Share 
  • Issue Price 2,70,27,027 Eq Shares of ₹1 (aggregating up to ₹800.00 Cr)

    #Fresh Issue: 33,78,378 Eq Shares of ₹1 (aggregating up to ₹100.00 Cr) #Offer for Sale: 2,36,48,649 Eq Shares of ₹1 (aggregating up to ₹700.00 Cr)
  • Listing at BSE, NSE
  • List Price 350(NSE)
  • Listing Date 2021-07-05
  • Lead Manager Axis Capital Limited, JM Financial Consultants Private Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹290-296 per equity share, which has a face value of ₹1 Per Equity Share  each, IPO bidding starts from Jun 23, 2021 and ends on Jun 25, 2021. The allotment for IPO will be finalized on Jun 30, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 5, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, JM Financial Consultants Private Limited.


The IPO sets its price band at 290-296 for each share. A single application for India Pesticides Limited IPO must contain at least 50 shares.

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IPO Subscription Analysis And Details
Retail
11.31x
QIB
42.95x
NII
51.87x
Total
29.04x
As on QIB NII Retail Total
Shares Offered / Reserved 55,17,241 41,37,931 96,55,173 1,93,10,345
Day 1 23-06-20 05:00 PM
0.00 x 0.19 2.51 x 1.30 x
Day 2 24-06-20 04:45 PM
2.31 x 0.91 5.87 x 3.79 x
Day 3 25-06-20 05:00 PM
42.95 x 51.87 11.31 x 29.04 x
Total No of Applications
1659315
Subscription on the basis of Applications
8.59
Valuations
Earnings Per Share (EPS) ₹11.71/-
P/E Ratio 25.27
RoNW 34.54%
Net Asset Value (NAV) - As on 31.03.21 ₹34.94/-
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18
Assets 517.08 365.70 317.23 240.36
Revenue 655.37 489.72 346.04 255.85
Profit After Tax 134.53 70.79 43.92 32.80
About Company

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.

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- Promoter(s)

Anand Swarup Agarwal

The ASA Family Trust

Pre Issue Share Holding : 82.68%

Post Issue Share Holding : N/A%

IPO - Issue Objectives
1

To finance the working capital requirements of the company.

2

To meet general corporate purposes.

IPO - Anchor Investors

India Pesticides mobilises Rs 240 crore from 16 anchor investors, ahead of IPO

Foreign portfolio investors which participated in the anchor book were Abu Dhabi Investment Authority (ADIA), Integrated Core Strategies, Tara Emerging Asia, and BNP Paribas

Amongst the domestic investors, SBI Mutual Fund, Nippon Mutual Fund, Bajaj Allianz Life Insurance, and Bharti Axa Life Insurance also picked up stake in the company