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Open
23 Jun 2021
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Close
25 Jun 2021
3
Allotment
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Listing
Mon, Jul 5, 2021
Price Band
₹290 to ₹296
Issue Size
2,70,27,026 shares (agg. up to ₹800 Cr)
Lot Size
50 Shares
Listing Date
Mon, Jul 5, 2021
Latest GMP
₹35
Est. Gain
11.82%
✦ AI Insight
GMP Trend
04-07-2021₹35Est. ₹331+11.82%
29-06-2021₹55Est. ₹351+18.58%
28-06-2021₹120Est. ₹416+40.54%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 20.38x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 517.06 | 365.70 | 317.24 |
| Total Income | 655.38 | 489.73 | 346.04 |
| Profit After Tax | 134.51 | 70.80 | 43.92 |
| EBITDA | 189.49 | 103.66 | 70.63 |
| NET Worth | 389.48 | 256.84 | 187.02 |
| Reserves and Surplus | 378.32 | 253.66 | 183.84 |
| Total Borrowing | 30.30 | 28.04 | 61.06 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Heranba Industries Ltd. | Mainboard | ₹625.24 Cr | ₹627 | null | ₹627.00 | +0.00% | ₹180.81 (+0.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 80.00 |
| 2 | General corporate purposes | 15.22 |
About India Pesticides IPO
Incorporated in 1984, India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 1 Technicals and 2. Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the sole Indian manufacturer of several Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The company also manufactures 30+ formulations of insecticides, fungicides, and herbicides. Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 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. Competitive strengths Among the top 5 global players of Folpet, Thiocarbamate, and
Contact Details
India Pesticides Ltd. Address35-A, Civil LinesBareillyBareilly, Uttar Pradesh, 243001+91 05812567459investor@indiapesticideslimited.comVisit Website