
Materials & Chemicals · NSE / BSE
India Pesticides Limited, founded in 1984, is one of India’s leading agrochemical manufacturers, operating in technicals such as herbicides, fungicides, and pharmaceutical ingredients, and formulations including over 30 types of ready-to-use insecticides, fungicides, and herbicides. The company is the only manufacturer in India of certain key technical products like Folpet, Thiocarbamate, and specific herbicides. Its technical products are exported to more than 20 countries across Australia, Asia, Africa, and Europe, accounting for a major share of technical sales, while its formulations are mainly sold within India to established crop protection companies such as Syngenta Asia, UPL, and Sharda Cropchem. India Pesticides operates two manufacturing facilities in Lucknow and Sandila, Uttar Pradesh, with capacities of 19,500 MT for agrochemicals and 6,500 MT for formulations.
Price Band
₹290 – ₹296
Issue Size
₹800 Cr
Lot Size
50 shares
GMP
+11.8%
Est. Listing
₹331
at current GMP
Subscribed
—
Open
23 Jun 2021
Close
25 Jun 2021
Allotment
30 Jun 2021
Refund
1 Jul 2021
Demat Credit
2 Jul 2021
Listing
5 Jul 2021
Designated Registrar: Kfin Technologies Limited
Allotment Date
30 Jun 2021
Basis finalization
Refunds Initiate
1 Jul 2021
Mandate release
Demat Credit
2 Jul 2021
Shares in demat
Listing Debut
5 Jul 2021
Trading begins
India Pesticides Limited is bringing an initial public offering (IPO) in the Materials & Chemicals sector with an aggregate issue size of ₹800 Crores. The shares are offered at a price band of ₹290 to ₹296 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 50 shares (approx. ₹14,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-07-02, while un-allotted funds or UPI block mandates will be released on 2021-07-01.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.