India Pesticides Limited IPO Details

ExchangeBSE, NSE
IPO Open Date23rd – June – 2021
IPO Close Date25th- June – 2021
IPO Listing Date05th – July – 2021
Face Value₹1 per equity share
Issue TypeBook Built Issue IPO
Issue Size800 Crore
Issue Price₹290 to ₹296 per equity share
Lot Size50 Shares
Min. Lot1== 50×296 = ₹14,800
Max. Lot13== 650×296 = ₹192,400

About India Pesticides Limited

           India Pesticides Limited is one of the globally operating agro-chemical manufactures in India. It is incorporated in 1984 and it is mainly deals with Folpet, Thiocarbamate Herbicide etc.

              The company has diversified into manufacturing herbicide and fungicide Technical’s and active pharmaceutical ingredients (“APIs”). The company provide exported agro-chemicals in 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Fiscal 2020.

Company Promoters

Anand Swarup Agarwal and the ASA Family Trust are the company promoters.

If you haven’t Zerodha account you can open your account here

zerodha-demat-account

Steps to apply in IPO April through Zerodha

1) Visit the Zerodha website and login to Console.
2) Go to Portfolio and click the IPOs link.
3) Go to the “India Pesticides Limited IPO” row and click the ‘Bid’ button.
4) Enter your UPI ID, Quantity, and Price.
5) “Submit” IPO application form.
6) Visit the UPI App (net banking or BHIM) to approve the mandate.

Why should a company go for an initial public offering IPO?
Every company needs to expand their business. As per the valuations, the company comes with an Initial Public Offerings for the public with a price band that are decided by the merchant bankers.

Note for the Investors

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