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IPO Update: India Pesticides IPO subscribed 1 29 times on Day 1
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India Pesticides Limited Issue subscribed 1 29 times, Retail portion booked 2 51 times on day 1
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These are the top 10 likely IPOs scheduled in March 2021
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: Saturday, February 13, 2021, 12:45 PM IST
IPO Alert: Know about India Pesticides as it plans to raise Rs 800 crore via IPO
Representational image/IPO
Research and development-focused agrochemical technical company, India Pesticides Limited (IPL), has filed its draft red herring prospectus (DRHP), a preliminary registration document. This Uttar Pradesh company has not decided on the price band and minimum bid lot yet.
About the IPL:
The public offer of this company comprises a fund raise via a fresh issuance of shares amounting to Rs 100 crore and Rs 700 crore through an offer-for-sale by promoter, Anand Swarup Agarwal (selling Rs 281 crore worth of share) and other selling shareholders (selling Rs 419 crore worth of share).