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India Pesticides IPO

India Pesticides Ltd.

₹14,500 /50 sharesMinimum Investment

IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹296₹350+₹54.00 (18.24%)

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
23 Jun ‘21 - 25 Jun ‘21₹14,50050₹290 - ₹296
Issue SizeIPO Doc
800Cr
RHP PDFopen_in_new

Subscription Rate As on 25th Jun 2021, 5:00 PM

  • Qualified Institutional Buyers
    42.95x
  • Non-Institutional Investor
    51.88x
  • Retail Individual Investor
    11.30x

About Company

India Pesticides is an R&D-driven agrochemical manufacturer of with a growing formulations business. In financial year 2020, the company was the fastest-growing agrochemical company in India in terms of volume. India Pesticides is also the sole Indian manufacturer and among the top five manufacturers globally for several technicals, such as Folpet and Thiocarbamate Herbicide. Since commencing its operations in 1984, the company has diversified into manufacturing herbicide and fungicide Technicals and active pharmaceutical ingredients (“APIs”). It also manufactures herbicide, insecticide, and fungicide formulations.
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Parent Organisation
India Pesticides Ltd.
Founded
1984
Managing Director
Anand Swarup Agarwal
India Pesticides IPO review - Price, business, financials, IPO details | Upcoming IPO 2021

Strengths & Risks

  • add
    Strong R&D and product development capabilities
  • add
    Diversified portfolio of niche and quality specialized products
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    Advanced manufacturing facilities with a focus on environment, health, and safety
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    Strong sourcing capabilities and extensive distribution network
  • add
    Consistent track record of financial performance
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    Experienced promoters and strong management team
  • remove
    Company needs certain approvals and permits and must ensure that it maintains them at all times.
  • remove
    International regulatory risks
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    Inability to identify trends and customer preferences
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    Dependent on climatic conditions and cropping patterns
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    Foreign exchange risks
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    Disruption of manufacturing operations
  • remove
    Dependent on certain key customers for a significant portion of revenue
  • remove
    Impact of the pandemic
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    Outstanding litigation proceedings against the company and its directors
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    Inability to procure the desired quantity and quality of raw materials
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    Competitive markets
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    No long-term agreements with most customers
  • remove
    Risks and fire hazards at manufacturing facility

Financials

*All values are in Rs. Cr
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