Loading...
Guest User
Welcome! Please login.
| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹800.00 Cr |
| Fresh Issue | ₹100.00 Cr |
| Offer for Sale | ₹700.00 Cr |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹290.00-296.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543311 |
| NSE Code | IPL |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 50 shares and in multiples thereof
Incorporated in 1984, India Pesticides Limited (IPL) 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 Technicals 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
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 80.00 |
| 2 | General corporate purposes | 15.22 |
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 517.06 | 365.70 | 317.24 |
| Total Income | 655.38 | 489.73 | 346.04 |
| Profit After Tax | 134.51 | 70.80 | 43.92 |
| EBITDA | 189.49 | 103.66 | 70.63 |
| NET Worth | 389.48 | 256.84 | 187.02 |
| Reserves and Surplus | 378.32 | 253.66 | 183.84 |
| Total Borrowing | 30.30 | 28.04 | 61.06 |
| Amount in ₹ Crore | |||
