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).
One such company looking to capitalise on this is India Pesticides. One 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.
Given that the company has only recently filed draft red herring prospectus (DRHP), the exact India Pesticides IPO date is yet to be determined.
India Pesticides IPO issue size
India Pesticides is set to launch a fresh issue of shares amounting to 100 crores, while an offer-for-sale by the promoter will account for another 700 crores.
India Pesticides IPO share price
While the face value of each share stands to be at 10 rupees, due to the IPO being in its initial stages, the India Pesticides IPO share price is still to be determined.
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.
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.
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