India Pesticides Ltd. is a company establish in the year 1984 and commences its business thereafter. It considers being the leading company in manufacturing agrochemicals in India. At the moment, India Pesticide runs two manufacturing services in Uttar Pradesh, one is in Lucknow and the other is in Hardoi.Â
India Pesticides operates two business vertical i.e. Technicals and Formulations. This company considers being the sole manufacturer of five agrochemical technicals in India. Moreover, if we talk about the production capacity then the company is the leading manufacturers for Captan, Thiocarbamate Herbicide, and Folpet globally.Â
Current License and Registration
For India – India Pesticides has 22 registrations and licenses for agrochemical technicals whereas 125 formulations for selling purposes.
For Export – India Pesticides has 27 agrochemical technicals whereas 35 formulations to do an export.
Promoters of the Company
Anand Swarup Agarwal and the ASA Family Trust are the two promoters of the company.
Issuance of Shares
Issue size: Rs. 800 crore
Fresh issue : Rs. 100 crore
Offer for sale of shares: Rs. 700 crore
The objective of the Issuance of Shares
- To meet the working capital requirements of the company
- For general corporate purposes.
IPO Share Price
The price bracket for the issue is fixed by the company at Rs. 290 – Rs. 296 per equity share.
Retailers Reserved Percentage
35 percent is fixed for retailers to make an issue.
IPO Opening and Closing Date
The India Pesticide IPO is likely to open for subscription on 23rd June 2021 and will close on 25th June 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 50 shares. Minimum 50 Shares can be order.
Date of allotment of shares
An allotment of shares (IPO) will be done on 30th June, 2021 and which later on credited to your dematerialization account by 2nd July 2021.Â
Tentative Listing Date
Though the listing date is not yet announced by the company still the tentative date of the IPO listing may be 5th July 2021.
Trendy Analysis
India Pesticide Ltd is a prominent company in agrochemicals manufacturing in India. Moreover, if we look into their financial statements then it clearly indicates that it is a profit-driven company. From the past three fiscal years and company has shown its spectacular performance. Furthermore, if we converse about dividend distribution then the last three fiscal years justify all. Fundamentals are very strong which may lead you to subscribe to this IPO.
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