India Pesticides Limited IPO : GMP Today, Share Price, Dates, Subscribe or Not?

The India Pesticides Limited IPO of Rs 800 crores will be opening soon. This initial public offering has an offer-for-sale by promoter Anand Swarup Agarwal and other shareholders. Its books will be managed by Axis Capital and JM Financial. Let's go through its GMP Today, Share Price, Dates, and whether you should subscribe to it or not.

This is the 5th IPO of June 2021 behind Shyam Metalics IPO, KIMS Hospitals IPO, Dodla Dairy IPO, and Sona Comstar IPO.

Check the Opening, Closing, Listing, and other dates of the India Pesticides IPO 2021 below.

The India Pesticides Limited IPO Share Price is fixed at Rs 290-296 per equity share. It has a face value of Rs 1 per share. The issue size is Rs 800 crores with fresh issue of Rs 100 crores and offer-for-sale of Rs 700 crores.

Retail investors need to buy a minimum quantity of 50 shares (1 lot) worth Rs 14,800. A maximum of 650 shares (13 lots) can be bought at a price of Rs 1,92,400. This is the Market Lot Size of India Pesticides IPO.

The Grey Market Premium or GMP Today (18th June, 17:03) of India Pesticides Limited IPO is not out yet so stay tuned. It is expected to have a high GMP.

India Pesticides Limited was established in 1984. It is into manufacturing of agrochemicals namely herbicide, fungicide, Technicals and Active Pharmaceutical Ingredients. It is the only Indian company to produce Folpet, Thiocarbamate, and Herbicide.

The company rose to Rs 517 cr in March’21 from Rs 317 cr in March’19 in terms of total assets. Moreover, its total revenue got a boost of Rs 309 cr in the last 2 years. Furthermore, its profit (after tax) increased from Rs 43 cr to Rs 134 cr (as of March’21).

The company exports to 15+ countries including Australia, Asia, Africa, and Europe. It has 2 manufacturing plants in Lucknow and Hardoi each. The installed capacity in these plants is 19,500 MT for agrochemicals and 6,500 MT for formulations.

The company’s financials, base, and future prospects are strong. Moreover, it ranks in the top 5 of the list of global players of Folpet, Thiocarbamate, and Herbicide Technicals. Therefore, it is recommended to subscribe to the India Pesticides Ltd IPO, both for listing and long term gains. Although, once its GMP is out, we will get a clear vision.

Will you invest or wait for the highly anticipated LIC IPO and Paytm IPO?