Business Standard

India Pesticides Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

800.00 cr

Price Range (₹)

296

Lot Size

50

Min Investment (₹)

14,800.00

Listing Exchange

MumbaiNSE

Open Date

23-Jun-2021

Close Date

25-Jun-2021

Listing Date

05-Jul-2021

India Pesticides Ltd News

    The Shares of India Pesticides Ltd have now been listed.

    India Pesticides Ltd IPO Details

    Initial Public Offer of 27,027,026* equity shares of face value of Re.1 each (equity shares) of India Pesticides Limited (company or issuer) for cash at a price of Rs.296 per equity share (including a share premium of Rs.295 per equity share) aggregating up to Rs.800 Crores (the offer) comprising a fresh issue of 3,378,378* equity shares aggregating up to Rs.100 Crores (the fresh issue) and an offer for sale of 23,648,648* equity shares, including 9,506,758* equity shares aggregating up to Rs.281.4 Crores by Anand Swarup Agarwal (the promoter selling shareholder) and 14,141,890* equity shares aggregating up to Rs.418.6 Crores, by the other selling shareholders (as defined hereafter, and collectively with the promoter selling shareholder, referred to as the selling shareholders, and such equity shares, the offered shares) aggregating up to Rs.700 Crores (the offer for sale). The offer shall constitute 23.47% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Re.1 each. The offer price is Rs.296 per equity share and is 296 times the face value of the equity shares. *Subject to finalisation of Basis of Allotment.

    Objective of issue

    Funding Working Capital Requirements of the Company. General Corporate Purpose.

    India Pesticides Ltd Contact Details

    India Pesticides Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investor@indiapesticideslimited.com

    Website - www.indiapesticideslimited.com