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India Pesticides Ltd. IPO Details

 

India Pesticides Limited IPO (India Pesticides IPO) Details


Hey Guys, There are many interesting Upcoming IPOs which are scheduled to be come in 2021. One such IPO is the India Pesticides IPO that is going to launch on June 14, 2021. To Apply for the IPO's you should must have Demat Account. 

To open Demat Account Click on ZERODHA  or  UPSTOX.  

If you Open Your Demat account with Us You will
  Get Free Membership of Premium Telegram Channel.


Let’s have a detailed review of the company and analytics of the India Pesticides IPO release date, IPO offer price, subscription, India Pesticides IPO allotment, India Pesticides grey market premium, and other details like the company’s background,  financial positions of India Pesticides, its promoters, and other related things. 

    About India Pesticides Company :-

    India Pesticides Limited (IPL), Incorporated in the year 1984. It is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 
    Technicals and Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs).Company also manufacture herbicide, insecticide and fungicide Formulations.
    - It is the sole Indian manufacturer and among the top 5 manufacturers globally for several Technicals such as Folpet, Captan, Thiocarbamate, and Herbicide. Company also manufactured 15,003 MT of Technicals in Fiscal 2021.  We have recorded 37.17% YoY growth in Technicals manufacturing (by volume) between Fiscal 2020 and Fiscal 2021, reaching more than 75% plant operating rate.
    - Our Technicals are primarily exported and our revenue generated from exports contributed to 56.71% of our revenue from operations in Fiscal 2021. 
    - As of March 31, 2021, our Technicals are exported to over 25 countries including Australia and other countries in North and South America, Europe, Asia and Africa.
    - We have a diverse customer base that includes crop protection product manufacturing companies, such as, Syngenta Asia Pacific Pte. Ltd, UPL Limited, ASCENZA AGRO, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited and Stotras Pty Ltd. 
    -Currently, the firm has two manufacturing plants UPSIDC Industrial Area at Dewa Road, Lucknow and Sandila, Hardoi in Uttar Pradesh, India with an installed capacity of 19,500 MT for agrochemicals and 6500 MT for formulations.

    Promoters Of India Pesticides :-

    The Promoters of Company are Anand Swarup Agarwal and the ASA Family Trust.

    Promoter Holdings :-

    Pre Issue Promoter Holdings  82.68%
    Post Issue Promoter Holdings  %

    Financials Of India Pesticides :-

    Particulars Financials  {Fig. in Cr.}
    31 March 2019 31 March 2020 31 March 2021
    Total Assets 317.23365.70517.08
    Total Revenue 346.04489.72655.37
    Total Expenses 284.94396.35475.42
    Profit After Tax 43.9270.79134.53
    EPS 3.946.3512.07

    Financials Ratios :- 

    PE Ratio - 24.5 on basis of March 2021
    Sector PE - 22.7

    Peers of India Pesticides :-

    Company Name    PE Ratio 
    Dhanuka Agritech Ltd.31.70
    UPL Ltd.35.06
    Atul Ltd.38.23
    PI Industries Ltd.79.15

    India Pesticides Ipo Details :-

    IPO Opening Date 23 Jun , 2021
    IPO Closing Date 25 Jun , 2021
    Face Value ₹1 per equity share
    IPO Price ₹290 to ₹296 per equity share
    Min Order Quantity   50 Shares
    Issue Size ₹800 Cr
    Fresh Issue ₹100 Cr
    Offer for Sale ₹700 Cr
    Listing At BSE NSE

    Shares Offered to :-

      QIB     50% 
    NII 15%
    RII 35%

    Objectives Of Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes;
    1. To finance the working capital requirements of the company.
    2. To meet general corporate purposes.

    Ipo Timeline :-

    Ipo Dates  23 - 25 June 21
    Allotment Date  30 June 21
    Initiation of Refunds 1 June 21
    Credit of Share to Demat Account   2 June 21
    Ipo Listing Date 5 June 21

    India Pesticides Ipo Grey Market Premium :-

    On 19 June 2021 - Rs. 100
    On 18 June 2021 - Rs. 90

    Strengths and Weakness :-

    Strengths:
    • Strong R&D and product development capabilities.
    • Diversified portfolio of niche and quality specialized products.
    • Long-term relationship with key customers.
    Weakness:
    • Risks and fire hazards at manufacturing facility.
    • Competitive markets.
    • Dependent on climatic conditions and cropping patterns.
    •  Company needs certain approvals and permits and must ensure that it maintains them at all times.

    India Pesticides IPO Registrar :-

    Link Intime India Private Ltd

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