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

| More

India Pesticides Limited Issue subscribed 1.29 times, Retail portion booked 2.51 times on day 1

Posted On: 2021-06-23 17:05:51 (Time Zone: UTC)


India Pesticides Limited ("IPL"), a R&D driven one of the fastest growing agro-chemicals company and manufacturer of Technicals and APIs; received bids of 2,49,64,700 shares against the offered 1,93,10,345 equity shares, as per the 5:00 pm data available on the bourses.

The portion reserved for retail investors was subscribed 2.51 times and the Non-Institutional Investor category was subscribed 0.19 times, While the Qualified Institutional Buyer didn't see any response on Day one.

The total size of the offer is Rs. 800 crores at the upper price band of Rs. 296 per share.

The Company raised Rs. 240 crores through the Anchor Book and saw a good demand across 6 FPIs and 6 Domestic Institutions namely such as Abu Dhabi Investment Authority (ADIA), Wells Fargo, Plutus, Millenium, Tara, BNP Paribas SBI Mutual Fund, Nippon Mutual Fund, Tata Mutual Fund, Bajaj Allianz Life Insurance Company, Bharti AXA Life Insurance Company and Winro Commercial India.

Axis Capital Limited and JM Financial Limited are the BRLMs to the Offer.

Company Information

The Company is 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*). Certain key fungicide Technicals the Company manufactures include: (i) Folpet, used to manufacture fungicides that control fungal growth at vineyards, cereals, crops and biocide in paints; and (ii) Cymoxanil, used to manufacture fungicides that control downy mildews of grapes, potatoes, vegetables and several other crops. Major herbicide Technicals the Company manufactures include, Thiocarbamate herbicides that have application in field crops, such as, wheat and rice, and are used globally.

The Company currently operates out to 2 manufacturing facilities out of the Lucknow and Hardoi in Uttar Pradesh having an aggregate capacity of 19,500 MT for Technicals and 6,500 MT for the Formulations vertical. It currently has registrations and licenses for 22 agro-chemical Technicals and 125 Formulations for sale in India and 27 agro chemical Technicals and 35 Formulations for exports purpose and 2 APIs.


Source: Equity Bulls

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


Other Headlines:

Fino Payments Bank becomes the first profitable fintech to file for an IPO

Devyani International Limited's IPO to open on August 04, 2021

Vitrified Tiles Major, Exxaro Tiles Limited's IPO to open on August 04, 2021

Windlas Biotech Limited Initial Public Offer to open on Wednesday, August 04, 2021

ESAF Small Finance Bank files for Rs 998 cr IPO

CarTrade Tech Limited gets SEBI approval to float Rs. 2000 crore IPO

Retail focused HFC, Aptus Value Housing gets SEBI approval for IPO

Glenmark Life Sciences IPO - Top Things to Know

Anand Rathi Wealth Ltd files for Rs 1000 cr IPO

Glenmark Life Sciences Limited IPO to open on July 27, 2021

QSR Player Devyani International gets SEBI approval for IPO

Nuvoco Vistas Corporation Limited gets SEBI approval to float Rs. 5000 crore IPO

Northern Arc Capital Limited plans for IPO files DRHP with SEBI

IPO-Bound Veeda Clinical Research acquires majority stake in Bioneeds preclinical

India's Leading Digital Ecosystem, Paytm files for Rs. 16,600 Crore IPO

Chemspec Chemicals Limited plans for IPO files DRHP with SEBI

Tatva Chintan Pharma Chem Initial Public Offer to open on July 16, 2021

G R Infraprojects Limited IPO oversubscribed by over 100 times

G R Infraprojects Limited Issue subscribed 5.90 times, Retail portion booked 7.49 times on day 2

Zomato Limited IPO to open on July 14, 2021

G R Infraprojects Limited raises Rs. 283.33 crores from 22 Anchor Investors

Clean Science & Technology Ltd. - IPO - Healthy Growth Prospects with Reasonable Valuations - Reliance Securities

Top 10 Things To Know - Clean Science and Technology Limited

IPO Review - GR Infraprojects Ltd - ICICI Direct

Clean Science and Technology Limited Initial Public Offer to open on 07th July 2021

G R Infraprojects Limited's IPO to open on Wednesday, July 07, 2021

India Pesticides Limited IPO final day: Issue subscribed 29.04 times

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


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

disclaimer copyright © 2005 - 2020