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India Pesticides IPO is a book build issue of ₹800.00 crores. The issue is a combination of fresh issue of 0.34 crore shares aggregating to ₹100.00 crores and offer for sale of 2.36 crore shares aggregating to ₹700.00 crores.
India Pesticides IPO bidding started from Jun 23, 2021 and ended on Jun 25, 2021. The allotment for India Pesticides IPO was finalized on Jun 30, 2021. The shares got listed on BSE, NSE on Jul 5, 2021.
India Pesticides IPO price band is set at ₹296.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹14,500 (50 shares). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (3,400 shares), amounting to ₹10,06,400.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to India Pesticides IPO RHP for detailed Information.
| IPO Date | June 23, 2021 to June 25, 2021 |
| Listing Date | July 5, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹290 to ₹296 per share |
| Issue Price Final | ₹296 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,70,27,026 shares (aggregating up to ₹800.00 Cr) |
| Fresh Issue | 33,78,378 shares (aggregating up to ₹100.00 Cr) |
| Offer for Sale | 2,36,48,648 shares of ₹1 (aggregating up to ₹700.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,17,85,130 shares |
| Share Holding Post Issue | 11,51,63,508 shares |
India Pesticides IPO offers total 2,70,27,026 shares. Out of which 1,35,13,512 (50.00%) allocated to QIB, 54,05,405 (20.00%) allocated to QIB, 40,54,054 (15.00%) allocated to NII, 94,59,460 (35.00%) allocated to RII and 81,08,107 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,35,13,512 (50.00%) | NA |
| − Anchor Investor Shares Offered | 81,08,107 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 54,05,405 (20.00%) | NA |
| NII (HNI) Shares Offered | 40,54,054 (15.00%) | NA |
| Retail Shares Offered | 94,59,460 (35.00%) | 1,89,189 |
| Total Shares Offered | 2,70,27,026 (100.00%) |
India Pesticides IPO opens on June 23, 2021, and closes on June 25, 2021.
| IPO Open Date | Wed, Jun 23, 2021 |
| IPO Close Date | Fri, Jun 25, 2021 |
| Tentative Allotment | Wed, Jun 30, 2021 |
| Initiation of Refunds | Thu, Jul 1, 2021 |
| Credit of Shares to Demat | Fri, Jul 2, 2021 |
| Tentative Listing Date | Mon, Jul 5, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 25, 2021 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹14,800 |
| Retail (Max) | 13 | 650 | ₹1,92,400 |
| S-HNI (Min) | 14 | 700 | ₹2,07,200 |
| S-HNI (Max) | 67 | 3,350 | ₹9,91,600 |
| B-HNI (Min) | 68 | 3,400 | ₹10,06,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Competitive strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 5,170.80 | 3,657.02 | 3,172.37 | ||
| Total Revenue | 6,553.77 | 4,897.27 | 3,460.42 | ||
| Profit After Tax | 1,345.32 | 707.99 | 439.21 | ||
The Company India Pesticides IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 80.00 |
| 2 | General corporate purposes | 15.22 |
[Dilip Davda] The issue appears reasonably priced. We are witnessing fancy for speciality chemicals and agrichemicals counters. The company has posted constant growth despite pandemic periods that is remarkable. The issue worth considering for short to long term rewards. Read detail review...
| Listing Date | July 5, 2021 |
| BSE Script Code | 543311 |
| NSE Symbol | IPL |
| ISIN | INE0D6701023 |
| Final Issue Price | ₹296 per share |
| BSE Listing Group | B |
India Pesticides Ltd.
35-A, Civil Lines
Bareilly 243 001,
Bareilly, Uttar Pradesh
Phone: +91 05812567459
Email: investor@indiapesticideslimited.com
Website: https://www.indiapesticideslimited.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ipl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
India Pesticides IPO is a main-board IPO of 2,70,27,026 equity shares of the face value of ₹1 aggregating up to ₹800.00 Crores. The issue is priced at ₹296 per share. The minimum order quantity is 50.
The IPO opens on June 23, 2021, and closes on June 25, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
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 Zerodha IPO Application Process Review for more detail.
The India Pesticides IPO opens on June 23, 2021 and closes on June 25, 2021.
India Pesticides IPO lot size is 50, and the minimum amount required for application is ₹14,800.
You can apply in India Pesticides IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for India Pesticides IPO will be done on Wednesday, June 30, 2021, and the allotted shares will be credited to your demat account by Friday, July 2, 2021. Check the India Pesticides IPO allotment status.
The India Pesticides IPO listing date is on Monday, July 5, 2021.
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