India Pesticides Limited is one of the globally operating agro-chemical manufactures in India, pioneered the manufacturing since 1984. It is among the fastest growing agro-chemical companies in India in terms of volume in Fiscal 2020. It is also the sole Indian manufacturer and among top five manufacturers globally for several Technicals, such as, Folpet, Thiocarbamate Herbicide etc. On January 18, 2021, it incorporated a Subsidiary, Shalvis Specialities Limited, that intends to conduct manufacturing activities engaged in various types of useful chemicals and chemical products.
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.
Points to note before investing in India Pesticides IPO
Strong research & development (R&D) and product development capabilities
Long-term relationship with key customers
Consistent financial track record
Company focus on R&D and process innovation to expand product portfolio, grow customer base and revenue share with existing customers
Experienced promoters and a strong management team.
India Pesticides IPO Details
IPO Opening Date
| June 23, 2021
|
IPO Closing Date
| June 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
|
Allotment , Listing and Refunds details
IPO Open Date
| June 23, 2021
|
IPO Close Date
| June 25, 2021
|
Basis of Allotment Date
| June 30, 2021
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Initiation of Refunds
| July 1, 2021
|
Credit of Shares to Demat Account
| July 2, 2021
|
IPO Listing Date
| Juyl 5, 2021
|
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