India Pesticides Limited IPO details (23 – 25 Jun), (Price: 290-296)
Listing date and Listing Price of India Pesticides Limited IPO:
- India Pesticides Limited IPO listed on BSE and NSE exchanges on –
- Listing Price of India Pesticides Limited IPO on NSE –
- Listing Price of India Pesticides Limited IPO on BSE –
Grey Market premium (GMP) price of India Pesticides Limited IPO :
Grey Market premium (GMP) price of India Pesticides Limited IPO is Rs.60. Grey Market premium (GMP) of India Pesticides Limited IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. (Source : ipowatch.in)
India Pesticides Limited IPO Allotment link status on Kfintech:
Check the allotment status of India Pesticides Limited IPO on these three links given by Kfintech.
- India Pesticides Limited IPO Allotment Link 1 – https://kosmic.kfintech.com/ipostatus/
- India Pesticides Limited IPO Allotment Link 2 – https://kcas.kfintech.com/ipostatus/
- India Pesticides Limited IPO Allotment Link 3 -https://evault.kfintech.com/ipostatus/
India Pesticides Limited IPO Allotment link status on Kfintech can be checked by Application No or DPID/Client ID or PAN and enter ‘Captcha’.
India Pesticides Limited IPO Allotment link status on Kprism app:
KPRISM, an app by KFin Technologies Pvt Ltd (Registrar of this IPO) can be downloaded from Play Store on mobile or Tab.
- Download KPRISM app by KFin Tech.
- Select IPO Status (No need to do login or register to check IPO allotment)
- Select India Pesticides Limited IPO from the list.
- Enter Application Number or DPID Client ID or PAN, then Submit.
- The allotment status of India Pesticides Limited IPO, with no. of shares allotted will come.
India Pesticides Limited IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Total No. of times applied|
|No. of shares offered||55,17,241||41,37,931||96,55,173||1,93,10,345|
India Pesticides Limited IPO highlights:
|India Pesticides Limited IPO bid Opens on||23 June 2021, Monday|
|India Pesticides Limited IPO bid Closes on||25 June 2021, Wednesday|
|Post issue Modification Period||26- June -2021 (10.00 A.M. to 11.00 A.M.)|
|Cut-off time for UPI Mandate Confirmation||26- June -2021 (upto 12:00 PM)|
|Issue type||100% Book Building|
|India Pesticides Limited IPO issue size||₹ 800 Cr|
|Face value of each equity share||Rs. 1|
|India Pesticides Limited IPO Price band||Rs.290 to Rs.296 per share|
|India Pesticides Limited IPO market lot||50 equity shares and multiples of 50|
|India Pesticides Limited IPO minimum order quantity||50 equity shares|
|Pre IPO equity share of promoters of India Pesticides Limited||82.68%|
|Post IPO paid-up equity share of promoters of India Pesticides Limited||72%|
|QIB portion reservation in India Pesticides Limited IPO||50 %|
|NIB portion reservation in India Pesticides Limited IPO||15 %|
|Retail portion reservation in India Pesticides Limited IPO||35 %|
|Retail individual bidder can apply in India Pesticides Limited IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in India Pesticides Limited IPO||NA|
|Employees can apply in India Pesticides Limited IPO||up to 5 lakh (500,000)|
|Reservation for employees in India Pesticides Limited IPO||NA|
|Discount for employees in India Pesticides Limited IPO||NA|
|Listing of India Pesticides Limited at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of India Pesticides Limited||NA|
|Registrar of India Pesticides Limited IPO issue||Kfin Technologies Private Limited|
India Pesticides Limited IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of India Pesticides Limited IPO are mentioned below.
|India Pesticides Limited IPO opens on||23.06.2021|
|India Pesticides Limited IPO Closes on||25.06.2021|
|Allotment basis date of India Pesticides Limited IPO||30.06.2021|
|Money refund date of India Pesticides Limited IPO||01.07.2021|
|Shares of India Pesticides Limited in Demat Account||02.07.2021|
|India Pesticides Limited IPO listing date on NSE, BSE||05.07.2021|
How much shares of India Pesticides Limited IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 800 Crore|
|Fresh Issue size||–||₹ 100 Crore|
|Offer for Sale (OFS)||–||₹ 700 Crore|
India Pesticides Limited financial statements details:
|(₹ million)||(₹ million)||(₹ million)|
|Profit After Tax||1,345.32||707.99||439.21|
IPO Red Herring Prospectus (RHP) of India Pesticides Limited:
Objectives of the India Pesticides Limited IPO Issue: (Source – RHP)
The Offer comprises of the Fresh Issue and Offer for Sale.
The Offer for Sale
The proceeds of the Offer for Sale shall be received by the Selling Shareholders. Our Company will not receive any proceeds from the Offer for Sale. For further details of the Offer for Sale, see “The Offer” on page 72.
The Fresh Issue
Our Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Funding working capital requirements of our Company; and
2. General corporate purposes
Business of India Pesticides Limited: (Source – RHP)
We are an R&D driven agro-chemical manufacturer of Technicals with a growing Formulations business. We are one of the fastest growing agro-chemicals company in terms of volume of Technicals manufactured. We have recorded 37.17% year-onyear growth in Technicals manufacturing (by volume) between Fiscal 2020 and Fiscal 2021, reaching more than 75% plant operating rate. (Source: F&S Reports). Our Company manufactured 15,003 MT of Technicals in Fiscal 2021. We 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 (Source: F&S Reports). Since commencing our operations in 1984, we have diversified into manufacturing herbicide and fungicide Technicals and active pharmaceutical ingredients (“APIs”). We also manufacture herbicide, insecticide and fungicide Formulations.