India Pesticides Limited IPO: All you need to know
India Pesticides Limited (IPL), one of the leading agrochemicals manufacturers in India, will hit the market on Wednesday, June 23, 2021, to raise Rs 800 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the India Pesticides Limited IPO.
India Pesticides Limited IPO Date & Price Band
| IPO Open: | 23 June 2021 |
| IPO Close: | 25 June 2021 |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | Approx ₹800 Crores |
| Fresh Size: | Approx ₹100 Crores |
| Offer for Sale: | Approx ₹700 Crores |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹290 – ₹296 Per Equity Share |
| Listing on: | BSE, NSE |
India Pesticides Limited IPO Market Lot
| Minimum Lot Size: | Minimum 50 Shares |
| Minimum Amount: | ₹14,800 |
| Minimum Lot Size: | Maximum 650 Shares |
| Minimum Amount: | ₹1,92,400 |
India Pesticides Limited IPO Allotment & Listing
| Basis of Allotment: | 30 June 2021 |
| Refunds: | 1 July 2021 |
| Credit to Demat Account: | 2 July 2021 |
| Listing Date: | 5 July 2021 |
Financials of India Pesticides Limited IPO
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets (in ₹ millions) | 5,170.80 | 3,657.02 | 3,172.37 |
| Total Revenue (in ₹ millions) | 6,553.77 | 4,897.27 | 3,460.42 |
| Profit After Tax (in ₹ millions) | 1,345.32 | 707.99 | 439.21 |
About India Pesticides Limited (IPL)
India Pesticides Limited (IPL) is a significant agrochemicals firm in India, having been founded in 1984. Technicals and Formulations are the two business verticals in which the organisation operates. It produces herbicide, fungicide, and active pharmaceutical ingredient technicals (APIs). Folpet, Thiocarbamate, and Herbicide are among the Technicals for which it is the sole Indian manufacturer. In addition, the company produces more than 30 insecticide, fungicide, and herbicide formulations.
Technicals, which are primarily exported to more than 20 countries, including Australia, Asia, Africa, and Europe, accounted for 62% of technical segment revenues in Fiscal 2020. Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd are among the domestic crop protection firms that sell agrochemical formulations.
The company currently operates two manufacturing sites in Uttar Pradesh, India: UPSIDC Industrial Area at Dewa Road, Lucknow, and Sandila, Hardoi, with a total installed capacity of 19,500 MT for agrochemicals and 6500 MT for formulations.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- To finance the company’s working capital requirements.
- To fulfil general corporate objectives.