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Upcoming IPO: India Pesticides Limited

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Incorporated in 1984, India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. They are the sole Indian manufacturer of five Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity.

About India Pesticides Limited

The company operates in two business verticals; 1 Technicals and 2. Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributing 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.

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. The company earned 56.71 percent of revenue from the export market and the rest from the domestic market.

It has registrations and licences for 22 agro-chemical technicals and 124 formulations for sale in India, and 27 agro chemical technicals and 34 formulations for exports.

This would be the 24th IPO launched in calendar 2021. So far, 23 companies have raised nearly Rs 37,000 crore from public issues this year.

India Pesticides Limited IPO Issue Details

OPENS ON: June 23, 2021
CLOSES ON: June 25, 2021
Price band: Rs. 290 – Rs.296 per share
Lot size: 50 shares
1 lot costing: Rs. 14,800
Face Value: Re. 1 per share
Listing on: NSE, BSE
Issue size: Rs. 800 cr (Fresh issue: Rs. 100 cr + Offer For Sale: Rs. 700 cr)
Shareholding: Promoter holding will stand at  72%  post-issue from  82.68 % pre-issue.

Will list on the exchange on July 5, 2021.

Objects of the issue:

  • To finance the working capital requirements of the company
  • To meet general corporate purposes.

Interesting facts about India Pesticides Limited IPO:

  • Among the top 5 global players of Folpet, Thiocarbamate, and Herbicide Technicals.
  • Diversified product portfolio with specialized products.
  • Domestic as well as international market presence.
  • Consistent track record of financial performance.
  • Strong Research & Development (R&D) capabilities.

Get the IPO subscription details and complete coverage of the India Pesticides Ltd IPO in the MSFL Research Report and To apply for the India Pesticides Ltd IPO, you can do it from our website Marwadi Shares & Finance Ltd.

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