India Pesticide ipo open for subscription today 23 June you can earn money check full details varpat– News18 Hindi

New Delhi. If you want to earn money from IPO in the stock market, then from today you have a great opportunity. Where you can invest and get big money. Today, from June 23, the issue of Agro Chemical Manufacturer Company India Pesticides (India Pesticides IPO) is opening for subscription. The company’s shares will be listed on both BSE and NSE. This will be the 24th IPO to come this year. So far this year 23 companies have raised a total of Rs 37,000 crore. Its book running lead managers are Axis Capital and JM Financials. Let us know some special things related to this issue-

800 crore IPO
The company is about to raise Rs 800 crore from the issue. Out of this, a fresh issue of Rs 100 crore will be issued and shares worth Rs 700 crore will be sold in the offer for sale. In the offer for sale, promoter Anand Swaroop Agarwal will sell shares worth Rs 281.4 crore and shares worth Rs 418.6 crore to other shareholders.

issue date
The issue of India Pesticides will open on 23rd June and will close on 25th June.

price band
The price band of the company’s issue has been fixed at Rs 290-296.

Where will the funds be used
The company will use the funds raised from the fresh issue to meet its working capital and corporate requirements.

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what is share lot
The issue lot of India Pesticides is of 50 shares. That is, investors will have to bid for at least 50 shares. Accordingly, retail investors can invest a minimum of Rs 14,800 and a maximum of Rs 1,92,400.

reserve portion
The company has reserved 50 per cent of the total issue size for qualified institutional buyers. 15% of the issue is reserved for non-institutional and 35% for retail.

company position
India is among the top 5 companies in the world producing pesticides Folpet and Thiocarbamate Herbicide Chemicals.

compete with them
The listed peer companies of India Pesticides include Dhanuka Agrotech Limited, Bharat Rasayan Limited, UPL Limited, Rallis India, PI Industries, Sumitomo Chemical India and Atul India.

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What is the business of the company?
India Pesticides are R&D based Technical Key Agrochemical Manufacturers. Simply put, it is an agrochemical technical company focused on research and development. The company also has a business of formulations in the Herbicides, Insecticides and Fungicide segments. Currently, the company is also manufacturing Active Pharmaceutical Ingredients (APIs). Let us inform that India Pesticides Captan, Folpet and Thiocarbamate is one of the largest companies in the world in terms of production capacity of insecticides. It is the only manufacturer of at least five technical in the country.

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