India Pesticides IPO Details - Dates, Share Price Range, Issue Size | Motilal Oswal
India Pesticides IPO Details - Dates, Share Price Range, Issue Size | Motilal Oswal

India Pesticides IPO - India Pesticides IPO Date, Share Price And News

Opening Date

June 23, 2021

Closing Date

June 25, 2021

Face Value

Rs. 1 per equity share

IPO Price

Rs. 290 to Rs. 296 per equity share

Minimum Order Quantity

50 equity shares

Issue Size

Rs. 800 Crores

 

The financial year 2020-2021, has been spectacular for new unicorns and IPOs. If you have an open demat account and are looking to invest in the stock market through online trading, IPOs are often considered a good investment as you can get in on the stock action when allotments are taking place, before the stock officially starts publicly trading. If the company is set to do well and has a positive perception in the market and from the company, then the New IPO and Latest IPOs will boom in price, allowing you to get higher returns (pertinent on doing your due research and picking the right investment, ofcourse).

The public issue from India Pesticides Ltd is one of the many upcoming IPOs in June, 2021One of India’s largest contenders in the formulations business, the India Pesticides IPO is aimed at raising 800 crore through the IPO. Let’s take a look at some Indian Pesticides IPO details and gain some insight into the company.

About the company

Having commenced its operations back in 1984, India Pesticides has grown to earn the title of one of India’s fastest growing companies in terms of volume in FY 2020. The only Indian company on the list of ‘top five global companies manufacturing a slew of technical products’, the company focuses on manufacturing herbicides, fungicides and insecticides. Operated through its two manufacturing facilities in Lucknow and Uttar Pradesh, the company has registrations for licences for 22 agrochemical technicals, offering over 124 formulations for sale in the Indian markets.

India Pesticides IPO details.

As an investor with a demat account looking to invest in an upcoming IPO, you are likely to want to know some details about the company and the Indian Pesticides IPO. Let’s take a look at some of these details.

India Pesticides IPO date.

The latest IPO issue from India Pesticides Ltd. has been slated to open on June 23, 2021 and would then come to a close on June 25, 2021

India Pesticides IPO issue size

According to the Draft Red Herring Prospectus, the total issue size of the latest IPO of the company comes up to around Rs. 800 crores. There are two components to the new IPO issue of India Pesticides Ltd. Out of the total Rs. 800 crores, the fresh issue component of the IPO accounts for around Rs. 100 crores, whereas the remaining Rs. 700 crores would be from an Offer for Sale (OFS).

India Pesticides IPO share price

Since the latest IPO from India Pesticides Ltd. is a book built issue, the company has set a nominal price band of Rs. 290 to Rs. 296 per equity share. 

India Pesticides IPO listing

Post the India Pesticides IPO, the shares of the company are set to trade on the NSE as well as BSE.

India Pesticides IPO objectives.

Through the money it raises, the company is looking to further its production capacity, fund working capital for India Pesticides and to cater to other corporate goals of the company.

A demat account with Motilal Oswal is the only thing that you need to do if you’re interested in investing in the upcoming IPO. With a demat account from us, you also get the freedom to invest in the stock market and other IPOs. Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
 

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