India Pesticides IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021.

India Pesticides IPO is going to launch and you can apply to India Pesticides IPO from 23rd June to 25th June 2021. India Pesticides aims to raise ₹800 Crores through an IPO consisting of a fresh issue of ₹100 crores worth equity and OFS (Offer For Sale) of ₹700 crores by existing shareholders. 

In OFS, Anand Swarup Agrawal  and other promoters are going to sell stake worth ₹281.40 crore and ₹418.60 crore respectively. 

India Pesticides was incorporated in 1984 in Bareilly. They are leading producers of agrochemicals with two focused business verticals – Technicals & Formulations. They are the only producer of Thiocarbamate herbicide, Folpet, and also produce 25+ fungicides, herbicides, and insecticides. The company exports its technicals in Asia, Australia, Europe, and Africa. Many IPOs are going to launch this year check here the list.

India Pesticides IPO Dates & Price Band:

Open date23rd June 2021
Close date25th June 2021
Total Size of IPO₹800 Cr.
Fresh Issue ₹100 Cr.
Offer for Sale₹700 Cr.
Price Band₹290 – ₹296
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

India Pesticides IPO Market Lot:

The minimum market lot of India Pesticides IPO is 50 shares with 14,800 applications. Retail investors can apply for 13 lots with 650 shares application worth 1,92,400.

ApplicationLotSharesCut Off Amount
Minimum (RII)15014,800
Maximum (NII)136501,92,400

Objectives of Issue – 

  • To finance the working capital and expand the company units. 
  • To meet general corporate issues.

Should you subscribe to India Pesticides IPO?

Strength – 

  • Indian Pesticides is among the top 5 manufacturers of Folpet, Thiocarbamate, and Herbicide Technicals.
  • Business establishment in domestic as well as internationally. 
  • Strong R&D-focused units to meet the client’s needs.
  • Consistently performing great in terms of Financial numbers. EPS (Earning per share) is increasing every year.
  • Diversified product portfolio with 22 licenses for agrochemical technicals and 127 formulations for sale in India. 

Risks – 

  • They need certifications from Central Insecticides Board and Registration Committee (“CIBRC”) to sell their manufactured goods in the Indian market as well as internationally. Failure to obtain or hold such a legal license can cause them loss in their business. 
  • The agrochemical business is dependent on climatic changes. Farming society’s pattern and unfavorable weather can cause a negative impact on their business. 
  •  Failure to meet the standard norms of Indian Government or International Government can be a major risk to their products.

Final Verdict – 

As we see the complete focus of India Pesticides is on R&D and achieving success by showing increasing EPS every financial year gives immense comfort to the investors to bet on India Pesticides IPO. They have clients from Indian as well as international markets which gives them business. We can see the great demand of the Agrochemical and API (Active Pharmaceutical Ingredients) sector in the future.    

Investors can invest for the long term in the India Pesticides IPO. It’s early to predict but India Pesticides IPO can give great listing gains by seeing its grey market premium. You can keep a track of India Pesticides IPO GMP here. 

India Pesticides IPO Allotment & Listing Dates:

India Pesticides IPO open date is 23rd June and the closing date is 25th June. Allotment of shares will be done on 30th June and the listing date on NSE & BSE is 5th July 2021.

Allotment Date for India Pesticides- 30th June 2021
Refund Date for India Pesticides – 1st July 2021
Credit of Shares to Demat Account – 2nd July 2021
Listing Date for India Pesticides – 5th July 2021

Applying India Pesticides IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of India Pesticides IPO:

The financials of India Pesticides is very attractive. From 2019 the revenue numbers are increasing constantly. Net income after paying tax looks good. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201934631743.92
202049036670.9
2021 (9M)33749372.5

About India Pesticides –

India Pesticides is the only Indian manufacturer of Thiocarbamate herbicide and Folpet among the top 5 global manufacturers. Since the start of their operations in 19884 in Bareilly, they are into manufacturing herbicides, technical fungicides, and active pharmaceutical ingredients (“APIs”).

Manufacturing Units 

They have 2 manufacturing units one in Lucknow and another one in Bareilly with a total capacity of 19,500 MT for technical and 6,500 for technical work. 

Products 

India Pesticides Products

The company has a diversified portfolio of products in the Fungicides, Acracides, Herbicides, APIs, insecticides, and agrochemicals. In total, they have 22 licenses for agrochemical technologies, 27 formulations for agrochemical technicals, and 127 formulations for sale in India.   

Client Base 

They mainly focus on R&D and for that, they have 2 in-house laboratories registered with DISR. Indian Pesticides have clients like Syngenta, UPL, Stotras, Ascenza, Conquest, and Sharda cropchem.

Peer Comparison

This is the list of the top 6 listed competitor companies for the India Pesticides IPO. In given table you can see the PE ratio of the respective companies.

Sr. no.Company Name PE Ratio
1PI Industries Limited76.66
2Rallis India Limited30.40
3UPL India Limited24.15
4Dhanuka Agritech Limited26.08
5Bharat Rasayan Limited27.46
6Sumitomo Chemical India Limited21.00

IPO Registrar Details –

KFintech Private Limited
Phone: 1-800-3454001
Email: [email protected]
Website: https://karisma.kfintech.com/

India Pesticides Contact Details –

India Pesticides Limited
35-A, Civil Lines
Bareilly 243 001,
Phone: +91 05812567459
Email: [email protected]
Website: https://www.indiapesticideslimited.com/

India Pesticides IPO FAQ –


When will India Pesticides IPO open for Investors?

India Pesticides IPO will open on 23rd June 2021 and will close on 25th June 2021.

What is India Pesticides IPO Retail Portion?

The portion allocated for retail investors in India Pesticides IPO is 35%

How to apply for India Pesticides IPO?

You can apply India Pesticides IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in India Pesticides IPO?

As we see the complete focus of India Pesticides is on R&D and achieving success by showing increasing EPS every financial year gives immense comfort to the investors to bet on India Pesticides IPO. They have clients from Indian as well as international markets which gives them business. We can see the great demand of the Agrochemical and API (Active Pharmaceutical Ingredients) sector in the future. 

What is the allotment date for India Pesticides shares?

30th June 2021 is the allotment date for India Pesticides shares.

What is the listing date for India Pesticides IPO?

5th July 2021 is the listing date for India Pesticides. It will be listed on NSE and BSE.

What is the cutoff price for India Pesticides IPO?

The cutoff price for India Pesticides IPO is ₹296 per share.

Will India Pesticides IPO give listing gains?

Investors can invest for the long term in the India Pesticides IPO. It’s early to predict but India Pesticides IPO can give great listing gains by seeing its grey market premium. You can keep a track of India Pesticides IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *