India Pesticides Limited (IPL) is one among the leading agrochemicals manufacturers in India. The company operates in two business verticals; Technicals and Formulations. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the only 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.
IPO Opening Date
June 23, 2021
IPO Closing Date
June 25, 2021
Book Built Issue IPO
₹1 per equity share
₹290 to ₹296 per equity share
Min Order Quantity
- Among the top 5 global players of Folpet, Thiocarbamate, and Herbicide Technicals.
- Diversified product portfolio with specialized products.
- Domestic as well as international market presence.
- Consistent track record of financial performance.
Anand Swarup Agarwal and the ASA Family Trust are the company promoters.
IPO Lot Size
The India Pesticides IPO market lot size is 50 shares. A retail-individual investor can apply for up to 13 lots (650 shares or ₹192,400).