India Pesticides Limited
India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India which was incorporated in 1984. It manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). It is the sole 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, S.A., Conquest Crop Protection Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd.Total Asset of the company increased from Rs 365.70 crore in FY-2020 to Rs 517.08 crore in FY-2021 with the increase of 57.80%. Total revenue of the company reached Rs 655.37 Crore in FY-2021 from Rs 489.72 crore in FY-2020 with the growth of 33.82%. Net profit earned by the company in FY-2021 is Rs 134.53 crore.India Pesticides Limited has commenced its ₹800 crore initial public offering (IPO) of which Fresh issue is Rs 100 Crore and Offer for Sale is Rs 700 Crore, with the price band fixed at ₹290-296 per share and it will be open for subscription till June 25. Each lot consists of 50 shares, so each lot will be worth ₹14,800. Promoter and 17 other shareholders are selling their stake for IPO. Promoter has liquidated share up to the amount of Rs 281.4 Crore. Other shareholders selling shares include Sanju Agarwal who has liquidated share of Rs 22.7 Crore, Mahendra Swarup Agarwal who has liquidated share of Rs 73.4 Crore, Virendra Swarup Agarwal who has liquidated share of Rs 29 Crore, Pramod Swarup Agarwal who has liquidated share of Rs 32.9 Crore ,Vishwas Swarup Agarwal who has liquidated share of Rs 18.9 Crore, Vishal Swarup Agarwal who has liquidated share of Rs 21.7 Crore, Sudha Agarwal who has liquidated share of Rs 38.3 Crore, Saurav Swarup Agarwal who has liquidated share of Rs 31.7 Crore, Aparna Gupta who has liquidated share of Rs 19.4 Crore, Sneh Lata Agarwal who has liquidated share of Rs 41.6 Crore, Asha Agarwal who has liquidated share of Rs 29 Crore, Nupur Goyal who has liquidated share of Rs 19.4 Crore, Sugandha Swarup Arora who has liquidated share of Rs 19.4 Crore and others have liquidated share of Rs 21.2 Crore.Considering the price and other important factors, the IPO stands to be good pick to invest.
