Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Agro-Chemical Technical Lead, India Pesticides Ltd Files for Rs. 800 cr IPO

Posted On: 2021-02-15 02:01:14 (Time Zone: Arizona, USA)


R&D focused agrochemical technical company, India Pesticides, one of the fastest growing companies in India by volumes in FY20, as per F&S Report, has filed its DRHP to raise Rs 800 cr via an IPO. The public offer comprises of a fund raise via a fresh issuance of shares amounting to Rs. 100 cr and Rs. 700 cr through an offer-for-sale by promoter and technocrat, Anand Swarup Agarwal aggregating to Rs. 281 cr and other selling shareholder, the balance Rs. 419 cr. As stated in the DRHP, the company may decide to undertake a Pre IPO placement of 75 crs subject to consultation of the merchant bankers.

The Face Value of Equity Shares is Rs. 1 each. The Price Band and the minimum bid lot shall be decided by the company and the promoter selling shareholders in consultation with the BRLMS.

The Company proposes to utilise the Net Proceeds towards funding the working capital requirements and general corporate purposes. Further, the Company expects to receive the benefits of listing of the Equity Shares, including to enhance the visibility and brand image among the existing and potential customers.

The company commenced operations in 1984 and now has a growing formulations business in herbicides, insecticides and fungicide segments and also manufactures APIs . It stands to be the only Indian manufacturer and amongst the top 5 companies globally for several technical products such as Folpet and Cynomoxanil, used to make fungicides that control fungal growth across a variety of crops. The major herbicide technical it manufactures includes Thiocarbamate which has an application in filed crops such as wheat and rice.

India Pesticides currently operates out of 2 manufacturing facilities out of the Lucknow and Hardoi in Uttar Pradesh having an aggregate capacity of 19,500 MT for Technicals and 6500 MT for the Formulations vertical. It currently has registrations and licenses for 22 agro-chemical Technicals and 124 formulations for sale in India and 27 agro chemical Technicals and 34 formulations for exports purpose.

IPL has a decade long relationship with a diverse customer which includes crop protection product manufacturing companies, such as, Syngenta Asia Pacific Pte Ltd, United Phosphorus, Ascenza Agro, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Ltd and Stotras Pty Ltd.

India is currently the 4th largest producer of crop protection chemicals in the world it is expected to emerge as an export hub for crop protection chemicals considering the cost effective manufacturing and availability of skilled labour. Increasing world population thus resulting to high agricultural yields are one of the key growth factors for this industry.

Axis Capital Limited and JM Financial Limited are the BRLMS and KFin Technologies Private Limited is the Registrar to the Issue.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

India Pesticides Limited raises 240 Cr from 12 Anchor Investors

GR Infraprojects Limited gets SEBI approval to float IPO

India Pesticides Limited IPO to open on Wednesday, June 23, 2021 and close on Friday, June 25, 2021

Sona Comstar IPO subscribed 2.33 times, QIB portion booked 3.54 times

Shyam Metalics IPO subscribed 121.42 times, NII portion booked 339.98 times

Dodla Dairy Limited raises Rs. 156.05 crore from 18 anchor investors

Top 10 Things To Know about Krishna Institute of Medical Sciences Ltd

Top 10 Things To Know about Dodla Dairy IPO

Sona Comstar Retail book fully subscribed on Day 2

Shyam Metalics subscribed 3.63 times, Retail portion booked 5.80 times on Day 2

Shyam Metalics subscribed 1.22 times, Retail portion booked 2.19 times on Day 1

Paras Defence And Space Technologies Limited gets SEBI approval to float IPO

Sona Comstar subscribed 11%, Retail portion booked 52% on Day 1

Sona Comstar raises INR 2,498 Crores, 45% of the total IPO size, in India's 3rd largest ever IPO anchor book

Shyam Metalics raises Rs. 270 Cr from 21 Anchor Investors

Dodla Dairy Limited IPO to hit markets on June 16, 2021

Krishna Institute of Medical Sciences Limited's IPO opens for subscription on Wednesday, June 16, 2021

Utkarsh Small Finance Bank gets SEBI approval to float IPO

Global Automotive Supplier Sona Comstar IPO to open on June 14, 2021, closes on June 16, 2021

Shyam Metalics & Energy Limited's IPO to open on June 14, 2021

Kolkata Steel Major, Shyam Metalics & Energy receives SEBI Nod for Rs. 1107 cr IPO

Car Trade Tech files for Rs. 2000 Crores IPO

Retail focused HFC, Aptus Value Housing files for Rs. 3000 Cr IPO

Leading QSR Player, Devyani International files for Rs. 1400 Cr IPO

South Cement Major, Penna files for Rs 1550 Crore IPO

GoAir files DRHP with SEBI for Rs. 3,600 crore IPO

Sona Comstar receives SEBI Nod for Rs. 6000 crore IPO

Nirma Group backed, Nuvoco Vistas files for 5k cr IPO

POWERGRID Infrastructure Investment Trust to open IPO of its Units on April 29, 2021 and close on May 3, 2021

Udaipur based GR Infraprojects Ltd files for IPO

Macrotech Developers IPO final day: Issue subscribed 1.37 times, QIB portion booked 3.06 times

Macrotech Developers Limited subscribed 35% on Day 2

Macrotech Developers Limited subscribed 27%, QIB portion booked 59% on Day 1

Vadodara based Tatva Chintan Pharma Chem Limited plans for IPO files DRHP with SEBI

Macrotech Developers Limited IPO to open on April 7, 2021, closes on April 9, 2021

Haridwar based, V-Marc India subscribed 1.54 times on issue closing

SME IPO V-Marc India subscribed 63% on Second Day

Grilled to Perfection: Barbeque Nation subscribed 5.98 times overall

Barbeque Nation overall subscribed 1.98 times on Day 2

Barbeque-Nation raises Rs. 202 Cr from 15 Anchor Investors

V-Marc India Limited Initial Public Offering of Equity Shares opens

Gujarat based, Exxaro Tiles files for Rs. 160 cr IPO

Paras Defense And Space Technologies Ltd. files for IPO

Craftsman Automation Limited IPO to open on March 15, 2021, Price band fixed at ₹1,488 to ₹1,490 per Equity Share

Laxmi Organic Industries Limited IPO to open on Monday, March 15, 2021

Anupam Rasayan India Limited IPO of Equity Shares to open on Friday, March 12, 2021

MTAR Technologies sky-rockets with record 200.79 times overall subscription on Day 3

Utkarsh Small Finance Bank files for Rs. 1350 cr IPO

MTAR Technologies overall subscribed 10.27 times on Day 2

MTAR Technologies IPO skyrockets 3.68 times on Day 1


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020