India Pesticides Limited (IPL) Incorporated in 1984, 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 Technical 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 Herbicide Technicals.
- Diversified product portfolio with specialized products.
- Domestic as well as international market presence.
- Consistent track record of financial performance.
- Strong Research & Development (R&D) capabilities.
India Pesticides Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 23 Jun 2021 |
| IPO Close Date | 25 Jun 2021 |
| Allotment Date | 30 Jun 2021 |
| IPO Listing Date | 5 July 2021 |
India Pesticides Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 290 to Rs. 296 Per Equity Share |
| Market Lot | 50 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 800 Crore. |
India Pesticides Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 50 | Rs. 14800 |
| Maximum | 13 | 650 | Rs. 192400 |
India Pesticides Limited IPO Allotment Status
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Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 5170.80 | 3657.02 | 3172.37 |
| Total Revenue | 6553.77 | 4897.27 | 3460.42 |
| Profit After Tax | 1345.32 | 707.99 | 439.21 |
Company Promoters:
Anand Swarup Agarwal and the ASA Family Trust are the company promoters.
Objects of this Issue:
The net IPO proceeds will be used for the following purposes;
- To finance the working capital requirements of the company.
- To meet general corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| India Pesticides Limited 35-A, Civil Lines Bareilly 243 001, Phone: +91 05812567459 Email: investor@indiapesticideslimited.com Website: https://www.indiapesticideslimited.com/ | KFintech Private Limited KFintech, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Gachibowli, Hyderabad, Telangana India – 500 032. Phone: 04067162222, 04079611000 Email: sonacomstar.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
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India Pesticides GMP 100-105……