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India Pesticides fixes price band of Rs 290–296 per share for Rs 800-crore IPO

India Pesticides fixes price band of Rs 290–296 per share for Rs 800-crore IPO
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India Pesticides get Sebi s nod for Rs 800-crore IPO

India Pesticides gets Sebi s nod for Rs 800-crore IPO

India Pesticides gets Sebi s nod for Rs 800-crore IPO The firm plans to raise Rs 800 crore through a public issue. The firm may undertake a pre-IPO placement of Rs 75 crore, subject to consultation with merchant bankers BusinessToday.In | May 5, 2021 | Updated 15:20 IST Agrochemical company India Pesticides Ltd (IPL) has received capital markets regulator Sebi s nod to float an initial public offer (IPO). On February 10, the lucknow-based firm had filed draft red herring prospectus (DRHP) with SEBI for a Rs 800 crore initial public offering (IPO). The firm plans to raise Rs 800 crore through a public issue. The IPO comprises fresh issuance of shares worth Rs 100 crore and an offer of sale through promoter and selling shareholders, aggregating up to Rs 700 crore. Promoter Anand Swarup Agarwal intends to sell shares worth Rs 281 crore while other shareholders will offer shares worth Rs 419 crore.

IPO Alert: India Pesticides Limited gets SEBI s green signal for IPO

IPO Alert: India Pesticides Limited gets SEBI’s green signal for IPO Representational image/IPO R&D focused agrochemical technical company India Pesticides Ltd (IPL) , have received capital markets regulator Sebi s approval to raise funds through initial public offering (IPO). The company is looking at raising Rs 800 crore from this fund raising activity. The public offer comprises a fund raise via a fresh issuance of shares worth Rs 100 crore and Rs 700 crore through an offer-for-sale by promoter and technocrat, Anand Swarup Agarwal and selling shareholder ASA Trust. The Company’s revenue from operations for fiscals 2018, 2019, 2020 and the six months ended September 30, 2020 is Rs 253.2 crore, Rs 340.6 crore, Rs 479.6 crore, and Rs 333.8 crore, respectively. The profit after tax is Rs 32.7 crore, Rs 43.8 crore, Rs. 70.5 crore and Rs 72.2 crore, for similar periods. In between FY 2018 to 2020 the company s revenue from operations has grown at a CAGR of 37.63 per cent.

India Pesticides files for Rs 800 crore IPO

India Pesticides files for Rs 800 crore IPO ANI | Updated: Feb 10, 2021 14:12 IST The public offer comprises of a fund raise via fresh issuance of shares amounting to Rs 100 crore and Rs 700 crore through an offer-for-sale by promoter and technocrat Anand Swarup Agarwal aggregating to Rs 281 crore and other selling shareholders the balance of Rs 419 crore. The company may decide to undertake a pre-IPO placement of Rs 75 crore subject to consultation of merchant bankers. Axis Capital and JM Financial are book running lead managers, and KFin Technologies is registrar to the issue. The face value of equity shares is Re 1 each. The price band and minimum bid lot will be decided by the company and the promoter selling shareholders in consultation with book running lead managers.

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