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

Face ValueRs 10
Price BandRs [●]
Listing AtBSE & NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs X Million
Fresh IssueRs Million
IPO SizeRs X Million
Tick Size1

India Pesticides IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Live Performance – India Pesticides Share Price

India Pesticides IPO – Summary

India Pesticides IPOIndia Pesticides is an R&D driven agro-chemical manufacturer of Technicals with a growing Formulations business. They are among the fastest growing agro-chemical companies in India in terms of volume in Fiscal 2020.

They are also the sole Indian manufacturer and among top five manufacturers globally for several Technicals, such as, Folpet and Thiocarbamate Herbicide.

The Promoter of this company is ANAND SWARUP AGARWAL and THE ASA FAMILY TRUST. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


India Pesticides IPO Date

The opening and the closing date of IPO of India Pesticides Limited is not available yet.

Check out Related IPO Links:

India Pesticides IPO GMP
Allotment of India Pesticides IPO 

India Pesticides Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


India Pesticides IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

India Pesticides Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

India Pesticides IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


India Pesticides IPO Equity Size

This Initial Public Issue of NA Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


India Pesticides IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.

Issue Size: NA Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


India Pesticides IPO – Live Performance

The listing date of this IPO is [●] . You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – India Pesticides Share Price

India Pesticides IPO Grey Market Premium

The India Pesticides Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


India Pesticides IPO – Company Overview

The company is  currently in the process of developing processes for certain Technicals, including two fungicides, two herbicides, two insecticides and two intermediates.

Their Technicals are primarily exported and the revenue is generated from exports contributed to 62.12% and 65.73% of the revenue from operations in Fiscal 2020 and the six months ended September 30, 2020, respectively. As of September 30, 2020, their Technicals are exported to over 20 countries including Australia and other countries in Europe, Asia and Africa.

Their Formulations products are primarily sold domestically through our extensive network of dealers and distributors. They 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. India Pesticides have established relationships with customers many of whom have been associated with the Company for over 10 years.

India Pesticides IPO Business Verticals

They have two distinct operating verticals, namely, (i) Technicals; and (ii) Formulations. The manufacture generic Technicals are used in the manufacture of fungicides and herbicides as well as APIs with applications in dermatological products.

The company also manufacture and sell various formulations of insecticides, fungicide and herbicides, growth regulators and Acaricides, which are ready-to-use products. As of September 30, 2020, it manufactured over 30 Formulations that include Takatvar, IPL Ziram-27, IPL Dollar, IPL Soldier and IPL Guru.


India Pesticides IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
Sep 20Sep 19 Mar 20Mar 19*Mar 18
Total Assets4,927.123,516.723,657.023,172.372,403.62
*Total Revenue3,372.432,226.414,897.273,460.422,558.57
Total Expense2,394.371,863.633,963.582,849.422,056.75
Profit After Tax724.97269.01707.99439.21328.06

Earnings per Equity Share (in Million)

Sep 20Sep 19 Mar 20Mar 19*Mar 18
Basic 6.512.416.353.942.94
Diluted6.512.416.353.942.94

In Fiscals 2018, 2019 and 2020 and in the six months ended September 30, 2020, the cost of materials consumed represented 47.33%, 57.10%, 53.50% and 50.84%, respectively, of their revenue from operations. Raw materials are transported to the facilities primarily by means of road and rail transport.


India Pesticides Limited IPO – Promoters

The Promoter of this company is:

  1. ANAND SWARUP AGARWAL
  2. THE ASA FAMILY TRUST

List of Related Parties (Key Managerial Personnel)

  • Rajendra Singh Sharma, Key Management Personnel
  • Ashok Kumar Gupta, Key Management Personnel
  • Govind Singh Mehta, Non‐executive Director
  • Pranav Agarwal, Independent Director
  • Shweta Agarwal, Independent Director

Competitive Strengths of India Pesticides Limited

  • Expand business and geographical footprint through inorganic growth.
  • Consistent track record of financial performance
  • Experienced promoters and strong management team

India Pesticides Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares, aggregating up to ₹8,000 million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue111,785,130 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

India Pesticides IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. Funding working capital requirements of the Company.
2. General Corporate Purpose.

Business strategies of India Pesticides Limited

  • Continue to focus on R&D and process innovation to expand our product portfolio.
  • Grow customer base and revenue share with existing customers
  • Capitalize on industry opportunities
  • Expand business and geographical footprint through inorganic growth

India Pesticides Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Strong R&D and product development capabilities.
  • Diversified portfolio of niche and quality specialized products.
  • Long-term relationship with key customers.
  • Advanced manufacturing facilities with focus on environment, health and safety.
  • Strong sourcing capabilities and extensive distribution network.

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-206.35 , 6.3527.57%23.05
31-Mar-192.41 , 2.4123.48%29.54
31-Mar-182.94 , 2.9422.80%NA

India Pesticides IPO : Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
India Pesticides Limited1[●]6.3527.574,897.27
Listed Peers
Dhanuka Agritech Limited226.0829.7119.4511,451.59
Bharat Rasayan Limited1o27.46371.0327.8312,318.70
UPL Limited224.1523.249.953,58,600
Rallis India Limited130.419.5112.9022,861.50
PI Industries Limited166.5633.0815.3134,154
Sumitomo Chemical India Limited1076.674.1016.3424,354.57
Atul Ltd1029.26224.6919.2641,711.00

India Pesticides IPO Lead Managers

Lead Managers
Axis Capital Limited
1stFloor, Axis House, C-2 Wadia International Centre,
P.B.Marg, Worli, Mumbai 400025Maharashtra, India
Tel: + 91 22 4325 2183, E-mail: ipl.ipo@axiscap.in
Investor grievance e-mail: complaints@axiscap.in
Website: https://www.axiscapital.co.in/
Contact Person: Mayuri Arya
SEBI Registration No: INM000012029

JM Financial Limited
7thFloor, Cnergy, Appasaheb Marathe Marg, Prabhadevi,
Mumbai 400025
Tel: +91 22 6630 3030
E-mail: indiapesticides.ipo@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration No: INM000010361

India Pesticides IPO Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited
Selenium Tower-B Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032Telangana, IndiaTel: +91 40 6716 2222
E-mail: ipl.ipo@kfintech.com
Investor Grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
SEBI Registration Number: INR000000221

India Pesticides IPO – Other Details

  • Statutory Auditor – Lodha & Co.
  • Legal Counsel to the Company – Cyril Amarchand Mangaldas
  • Bankers to the Company –  Bank of India , State Bank of India


India Pesticides Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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