India Pesticides Ltd

India Pesticides Ltd

India Perticides Limited was incorporated on 13th December 1984 and having its registered office at Bareilly Uttar Pradesh India. The Company is engaged in `Agri Chemicals' business which primarily includes manufacture sale and distribution of insecticides fungicides herbicide and various other agrochemical products. The Company has its own manufacturing site for agrochemical production at Sandila and Dewa Road in Uttar Pradesh.As per recommendation of the Board of Directors dated 10 December 2020 and approval of the shareholders obtained in Annual general Meeting dated 21 December 2020 the Company has increased its existing authorised share capital to Rs. 150000000 consisting of 1500000 equity shares of face value of Rs.100 each. Further the existing equity shares were split into 150000000 equity shares of face value of Re 1 each by obtaining shareholders' approval in the Extra Ordinary General Meeting held on 28 December 202O.As per recommendation of the Board of Directors dated 21 December 2020 and approval of the shareholders dated 28 December 2020 the Company has issued 79581250 bonus equity shares of face value of Rs 1 each in the ratio of 2.5: 1 (i.e. 5 (Five) Bonus Shares for every 2 (Two) Equity Share to the shareholders of the Company. The Company has allotted 79581250 Bonus equity shares on 22 January 2021.As per recommendation of the Board of Directors dated 23 January 2021 and approval of the shareholders dated 25 January 2021 the Company has issued 371380 equity shares of face value of Rs. 1 each at a premium of Rs. 32.70 per share on preferential basis to Mr. Arun Kishanlal Bagaria and Mrs. Madhu Arun Bagaria and allotted 185690 equity shares to Mr. Arun Kishanlal Bagaria and 185690 equity shares to Mrs. Madhu Arun Bagaria respectively on 28 January 2021.The Company has filed DRHP on 09.02.2021 with SEBl for its Initial Public Offer (IPO) with issue size of Rs. 800 Crore and Initial Public Offering (IPO) of Company comprised of a fresh issue of Rs. 100 Crore and an offer for sale of Rs. 700 Crore by selling shareholders. The Company has received in principle Approvals from both BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) dated 10 March 2021 and 18 March 2021 respectively.The Company has one Wholly Owned Subsidiary having name Shalvis Specialities Limited w.e.f. 18.01.2021. SSL was incorporated on 18 January 2021 as a public company limited and engaged in manufacturing and trading of all types of agricultural chemicals and pesticides.The company has completed Initial Public Offer(IPO) of 27027026 Equity Shares of the face value of Re. 1 each at an issue price of Rs. 296/- per Equity Share comprising offer for sale of 23648648 shares by selling shareholders and fresh issue of 3378378 shares. The Equity Shares of the Company were allotted on 01 July 2021 and were listed on 05 July 2021 on BSE Limited and the National StockExchange of India Limited.