India Pesticides Limited IPO is a main-board IPO of [.] equity shares of the presumptive worth of ₹1 accumulating up to ₹800.00 Crores. The issue is estimated at ₹290 to ₹296 per equity share. The base request amount is 50 Shares.
The IPO opens on Jun 23, 2021, and closes on Jun 25, 2021.
KFintech Private Limited is the recorder for the IPO. The shares are proposed to be recorded on BSE, NSE.
- 1 India Pesticides Limited IPO Details
- 2 India Pesticides IPO Lot Size
- 3 Company Promoters:
- 4 Company Financials:
- 5 About India Pesticides Limited
- 6 Company Contact Information
- 7 India Pesticides Limited IPO GMP (Gray Market Price)
- 8 How to apply in India Pesticides Limited IPO through Zerodha?
- 9 How to apply in India Pesticides Limited IPO through Upstox
India Pesticides Limited IPO Details
|IPO Opening Date||Jun 23, 2021|
|IPO Closing Date||Jun 25, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹1 per equity share|
|IPO Price||₹290 to ₹296 per equity share|
|Market Lot||50 Shares|
|Min Order Quantity||50 Shares|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹1
(aggregating up to ₹800.00 Cr)
|Fresh Issue||[.] Eq Shares of ₹1
(aggregating up to ₹100.00 Cr)
|Offer for Sale||[.] Eq Shares of ₹1
(aggregating up to ₹700.00 Cr)
India Pesticides IPO Lot Size
The India Pesticides IPO market lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹192,400).
India Pesticides IPO Promoter Holding
|Pre Issue Share Holding||82.68%|
|Post Issue Share Holding||72%|
Anand Swarup Agarwal and the ASA Family Trust are the company promoters.
|Summary of financial Information (Restated Consolidated)|
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||1,345.32||707.99||439.21|
About India Pesticides Limited
Consolidated in 1984, India Pesticides Limited (IPL) is one of the main agrochemicals makers in India. The organization works in two business verticals; 1 Technicals and 2. Formulations. It produces herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the sole Indian producer of a few Technicals for example Folpet, Thiocarbamate, and Herbicide. The organization likewise produces 30+ formulations of insect sprays, fungicides, and herbicides.
Its Technicals are significantly traded to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of specialized section revenues in Fiscal 2020. Nonetheless, agrochemical formulations are principally offered to homegrown crop protection makers for example Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd.
The significant herbicide produces incorporates thiocarbamate which is having an application in field crops like wheat and rice.
At present, the firm has two assembling plants UPSIDC Industrial Area at Dewa Road, Lucknow, and Sandila, Hardoi in Uttar Pradesh, India with an introduced limit of 19,500 MT for agrochemicals and 6500 MT for formulations.
Company Contact Information
India Pesticides Limited
35-A, Civil Lines
Bareilly 243 001,
Phone: +91 05812567459
India Pesticides Limited IPO GMP (Gray Market Price)
Analysts said that Indian Pesticides Limited IPO Grey Market premium has jumped to ₹90-100. ”After the announcement of the price band, India Pesticides’ Grey market premium has jumped to the levels of ₹90- ₹100 and is experiencing volatility.
How to apply in India Pesticides Limited IPO through Zerodha?
Zerodha customers can apply online in India Pesticides IPO using UPI as a payment gateway. Zerodha customers can apply in India Pesticides IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in India Pesticides IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘India Pesticides IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
How to apply in India Pesticides Limited IPO through Upstox
Following are the steps to apply for IPO online using upstox:
- Login to your Upstox pro trading website
- Go to IPO section
- Select the IPO you wish to apply
- Enter your UPI ID
- Submit the IPO bid
Initial public offering offers an extraordinary chance to purchase shares of the organization in the beginning phase of its excursion at stock trades. Initial public offering shares for the most part have an enormous interest. Numerous IPO’s get 100+ occasions offered for shares. In India, retail investors have a saved segment in an IPO. A fixed 35% IPO Shares are saved for retail investors. This booking expands the opportunity of distribution of IPO shares. Some retail investors utilize this to purchase IPO shares for posting gains just, rather than holding the shares as long as possible.
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