India Pesticides IPO: Check IPO Details, Date, Price | Espresso


India Pesticides Limited IPO – June 23 to 25

June 21, 2021
India Pesticides Limited IPO – June 23 to 25

India Pesticides Limited is coming out with a fresh public issue to raise Rs 800 crores from the market.

Key details of the issue:

  • Issue opens – June 23 (Wednesday)
  • Issue closes – June 25 (Friday)
  • Issue size – Rs 800 crores
  • Price band – Rs 290 to 296 per equity share
  • Bid lot – 50 shares and in multiples thereof

And here are some details of the company and further details on the India Pesticides Limited issue.

Company details:

India Pesticides Limited is an R&D-driven agro-chemical manufacturer of Technicals with a growing Formulations business. It is one of the fastest growing agro-chemicals company in terms of volume of Technicals manufactured. It has recorded 37.17% year-on-year growth in Technicals manufacturing (by volume) between Fiscal 2020 and Fiscal 2021, reaching more than 75% plant operating rate. (Source: F&S Reports).

It is the sole Indian manufacturer of five Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity (Source: F&S Reports).

Since commencing its operations in 1984, the company has diversified into manufacturing herbicide and fungicide Technicals and active pharmaceutical ingredients (APIs). It also manufactures herbicide, insecticide and fungicide Formulations.

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The company has a strategic focus on R&D and its R&D capabilities include two well-equipped in-house laboratories registered with the DSIR. Its efforts are led by a dedicated R&D team that comprises PhDs and Masters graduates in Chemistry and a Biotechnological Engineer. The company's R&D efforts have led to development of processes to manufacture three generic off-patent Technicals since Fiscal 2018 and it is currently in the process of developing processes for certain Technicals, including two fungicides, two herbicides, two insecticides and two intermediates.

The company's Technicals are exported to over 25 countries, including Australia and other countries in North and South America, Europe, Asia and Africa. Its Formulation products are primarily sold domestically through their extensive network of dealers and distributors. It has a diverse customer base that includes crop protection product manufacturing companies, such as Syngenta Asia Pacific; UPL; ASCENZA AGRO, S.A.; Conquest Crop Protection; Sharda Cropchem and Stotras.

The company currently has two manufacturing facilities located in Lucknow and Hardoi, both in Uttar Pradesh, that are spread across over 25 acres.

Issue size:

Rs 800 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 400 crores

  • NIB – 15% of the offer – Rs 120 crores

  • RET – 35% of the offer – Rs 280 crores




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