India Pesticides IPO Overview 2021: India Pesticides Ltd. (IPL) IPO opens on 14th June and closes on seventeenth June 2021. On this article, we cowl the IPL IPO assessment and look into vital IPO info to seek out out the doable prospects of the corporate.
India Pesticides IPO Overview- Concerning the Firm
Based in 1984, India Pesticides Restricted (IPL) is without doubt one of the fastest-growing and main agrochemical producers.
Since its inception, the corporate has come an extended technique to manufacture herbicide and fungicide technicals and formulations. As well as, the corporate additionally manufactures lively pharmaceutical elements (“APIs”).
In relation to technicals IPL is the one Indian producer and one of many high world producers for technicals like Captan, Folpet, Thiocarbamate Herbicide.
The corporate has obtained registration for 22 agrochemical technicals and 124 formulations on the market in India. For exports, it has a license for 27 agrochemical technicals and 34 formulations
IPL has 2 manufacturing crops situated at Dewa Highway, Lucknow, and Sandila, Hardoi in Uttar Pradesh. These give the corporate an put in capability of 19,500 MT for agrochemicals and 6500 MT for formulations.
Final Fiscal 12 months the corporate manufactured 15,003 MT of Technicals touching 75% of its plant’s working capability. The Development that the corporate has proven contemplating the pandemic is spectacular
Along with its manufacturing capabilities, the corporate has additionally had 2 well-equipped in-house laboratories. These are registered with the DSIR and improve the agency’s R&D.
The marketplace for its agrochemical formulations is principally home being offered to crop safety producers like Syngenta Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Safety Pty Ltd, Sharda Cropchem Restricted, and Stotras Pty Ltd. Its technicals nonetheless have each a home and world demand.
The corporate exports them to twenty+ international locations. These span throughout Asia, Europe, Africa, and even contains Australia. Its technical exports accounted for 56.71% of the income for fiscal 2021.
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The IPO is engaging for buyers searching for dividend shares. It is because the corporate has maintained an excellent document for dividends for the final 3 years.
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India Pesticides Restricted’s (IPL) Opponents
Following are a few of its home listed rivals.
Its world competitors contains
- China Nationwide Company Ltd
- Sumitomo Chemical compounds Co. Ltd
- BASF SE
India Pesticides IPO Overview – Gray Market Premium
The shares of Indian Pesticides Ltd. have been buying and selling at a 34% premium within the gray market a day earlier than the IPO. The shares traded at a worth of Rs. 396 giving them a premium of Rs. 95-100 over their concern worth band of Rs 290-296 per share.
Key Info of India Pesticides IPO
The promoters of the corporate embody Anand Swarup Agarwal and the ASA Household Belief. They’ve appointed Axis Capital Ltd. and JM Financial Ltd. because the lead managers to the difficulty. KFin Applied sciences Pvt. Ltd. has been appointed because the registrar to the difficulty.
| Specific | Particulars |
|---|---|
| IPO Dimension | ₹800.00 Cr |
| Contemporary Concern | ₹100.00 Cr |
| Provide For Sale(OFS) | ₹700.00 Cr |
| Opening Date | Jun 23, 2021 |
| Closing Date | Jun 25, 2021 |
| Face Worth | ₹1 per fairness share |
| Worth Band | ₹290 to ₹296 per fairness share |
| Lot Dimension | 50 Shares |
| Minimal Lot Dimension | 1 |
| Most Lot Dimension | 13 |
| Itemizing Date | Jul 5, 2021 |
India Pesticides IPO Overview – Goal of the IPO
The proceeds raised from the IPO will probably be used for the next goal:
- Finance working capital necessities.
- Different basic company functions.
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Closing Ideas
The IPO opens on twenty third June and closes on twenty fifth June 2021. For retail buyers, it may be an excellent alternative to look into the corporate’s future prospects and apply for the IPO in the event that they imagine within the merchandise and development prospects of India Pesticides Ltd.
That’s all for this put up. Do tell us what you consider the India Pesticides IPO assessment. Are you planning to use for this IPO or not? Remark under. Cheers!
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Aron, Bachelors in Commerce from Mangalore College, entered the world of Fairness analysis to discover his pursuits in monetary markets. Outdoors of labor, you may catch him binging on a present, supporting RCB, and dreaming of visiting Kasol quickly. He additionally believes that consuming child’s ice-cream is one of the best ways to show them taxes.
