India Pesticides IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
India-Pesticides-IPO-Subscription

India Pesticides IPO Subscription Status: FINAL

India Pesticides Limited, incorporated in 1984, is an R&D driven agrochemical manufacturer of Technicals with a growing formulations business. They are one of the fastest-growing agrochemicals companies in terms of volume of Technicals manufactured.

Investor CategoryQuotaSubscription
Institutional (QIB)50%42.95x
Non-Insti. (HNI)15%51.88x
Retail (RII)35%11.30x
Total Subscription100%29.04x

India Pesticides IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x2.31x42.95x
HNI0.19x0.91x51.88x
Retail2.51x5.88x11.30x
Total1.29x3.79x29.04x

India Pesticides IPO Subscription: Analyst Recommendations

Anand Rathi – Subscribe

“The company has a robust track record of performance and has been generating positive cash flow. We are positive on the long-term prospects of the company. Going forward, with the planned expansion and lowering debt, we are also confident that company will maintain the growth levels which is mirroring in the pricing of the IPO,”

Hem Securities – SUBSCRIBE

“India Pesticides’ growth prospects look promising, considering the strong emerging opportunity for domestic agrochemical companies in global markets and its established presence in export markets. Further, its industry-leading return ratio (RoE at 35 per cent in FY21) and strong balance sheet augur well. Hence, we recommend Subscribe to the IPO,”

Reliance Securities – SUBSCRIBE

“The IPO is valued at 25.3x of FY21 earnings, which looks to be attractive compared to the industry’s average multiple of 47x. Notably, despite reporting better return ratios compared to peers like PI Industries and Rallis India, IPL is valued at a significant discount to peers, which offers comfort.”

BP Equities, Arihant Capital, Angel Broking, Marwadi Shares – Subscribe

India Pesticides IPO Subscription: Key IPO Details

TypeValue
Issue Size₹800 Cr
Open Date23/06/2021
Close Date25/06/2021
Face Value₹1/- per Equity Share
IPO Price₹290 – ₹296
Lot Size50 shares
LotsMin 1 – Max 13

India Pesticides IPO Subscription: Financials

201920202020
Revenue from Ops₹340.69 Cr₹479.63 Cr₹648.95 Cr
Profit before Excep*₹61.10 Cr₹93.37 Cr₹179.95 Cr
Profit after Tax43.92 Cr₹70.79 Cr₹134.53 Cr
EPS (Basic)3.946.3512.07
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS8.8132.9233.59
* Weighted Average for last 3 years

Comparison with listed industry peers

CompanyP/E (Cap)
India Pesticides33.59
Highest (PI Industries)79.15
Lowest (Dhanuka Agirtech)31.70
Sector Avg47.44

India Pesticides IPO Subscription – FAQs

1. How to apply for India Pesticides IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for India Pesticides in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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