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Insecticides IPO is a book build issue of ₹36.92 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹36.92 crore.
Insecticides IPO bidding started from May 7, 2007 and ended on May 11, 2007. The shares got listed on BSE, NSE on May 30, 2007.
Insecticides IPO price band is set at ₹115.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,820 (60 shares). The lot size investment for sNII is 29 lots (1,740 shares), amounting to ₹2,00,100, and for bNII, it is 145 lots (8,700 shares), amounting to ₹10,00,500.
The issue includes a reservation of up to 32,100 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue.
Refer to Insecticides IPO RHP for detailed Information.
| IPO Date | May 7, 2007 to May 11, 2007 |
| Listing Date | May 30, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹97 to ₹115 per share |
| Issue Price Final | ₹115 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,10,266 shares (aggregating up to ₹36.92 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 94,72,700 shares |
| Share Holding Post Issue | 1,26,82,700 shares |
Insecticides IPO offers total 32,10,000 shares. Out of which 15,88,950 (49.50%) allocated to QIB, 4,76,685 (14.85%) allocated to NII, 11,12,265 (34.65%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 15,88,950 (49.50%) | NA |
| NII (HNI) Shares Offered | 4,76,685 (14.85%) | NA |
| Retail Shares Offered | 11,12,265 (34.65%) | 18,537 |
| Employee Shares Offered | 32,100 (1.00%) | NA |
| Total Shares Offered | 32,10,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Insecticides IPO opens on May 7, 2007, and closes on May 11, 2007.
| IPO Open Date | Mon, May 7, 2007 |
| IPO Close Date | Fri, May 11, 2007 |
| Tentative Listing Date | Wed, May 30, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 11, 2007 |
Investors can bid for a minimum of 60 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 | 60 | ₹6,900 |
| Retail (Max) | 28 | 1,680 | ₹1,93,200 |
| S-HNI (Min) | 29 | 1,740 | ₹2,00,100 |
| S-HNI (Max) | 144 | 8,640 | ₹9,93,600 |
| B-HNI (Min) | 145 | 8,700 | ₹10,00,500 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Insecticides India Limited (IILTD) is in the business of manufacturing and distribution of formulations of plant protection chemicals and house hold pesticides. Insecticides product range includes more than 80 types of insecticides, fungicides, weedicides, herbicides and plant growth regulator for all types of crops and also house hold pesticides. Insecticides largest selling brands are Lethal, Victor, Thimet, Indan 4g and Kaiser.
Insecticides India Limited's manufacturing units are located at Chopanki (Rajasthan) and Samba (Jammu) with a total manufacturing capacity of 60 lacs litres of Emulsifible Concentrate (EC), 2900 MT of Wettable Dispersable Powder (WDP) and 10500 MT of granules per annum.
| KPI | Values |
|---|---|
| RoNW | 50.6% |
| Listing Date | May 30, 2007 |
| BSE Script Code | 532851 |
| NSE Symbol | INSECTICID |
| ISIN | INE070I01018 |
| Final Issue Price | ₹115 per share |
| BSE Listing Group | B1 |
Insecticides (India) Ltd.
Insecticides India Limited,
401-402, Lusa Tower,
Azadpur Commercial Complex, Azadpur, Delhi – 11003
Delhi, New Delhi
Phone: (011) 27679700-04
Email: ipo@insecticidesindia.com
Website: http://www.insecticidesindia.com
Alankit Assignments Ltd.
Phone: (011) 4254 1234
Email: insecticidesipo@alankit.com
Website: http://ipo.alankit.com/
Insecticides IPO is a main-board IPO of 32,10,266 equity shares of the face value of ₹10 aggregating up to ₹36.92 Crores. The issue is priced at ₹115 per share. The minimum order quantity is 60.
The IPO opens on May 7, 2007, and closes on May 11, 2007.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Insecticides IPO using UPI as a payment gateway. Zerodha customers can apply in Insecticides IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Insecticides IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Insecticides IPO opens on May 7, 2007 and closes on May 11, 2007.
Insecticides IPO lot size is 60, and the minimum amount required for application is ₹6,900.
You can apply in Insecticides 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 Insecticides IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Insecticides IPO allotment status.
The Insecticides IPO listing date is on Wednesday, May 30, 2007.
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