India Pesticides initial public offering (IPO) To Open Tomorrow. Here Are Key Things To Know

India Pesticides initial public offering is open for anchor traders on June 22

India Pesticides' Rs 800 crore initial public offering (IPO) will open for subscription tomorrow i.e. June 23. The agrochemical technicals firm's share sale might be open for 3 days, from June 23 to June 25 and shares might be supplied within the worth band of Rs 290-296 per share. The concern is open for anchor traders on June 22. The shares might be listed on the BSE Sensex and NSE Nifty.

The share sale will comprise a contemporary concern of Rs 100 crore and an offer-for-sale (OFS) of Rs 281.4 crore by the promoter Anand Swarup Agarwal and Rs 418.6 crore by shareholders, in response to the draft crimson herring prospectus filed with Sebi.

The firm will utilise the IPO proceeds to fund working capital necessities and for common company functions.

Started in 1984, India Pesticides is likely one of the main agrochemicals corporations in India. It manufactures herbicides, pesticides and fungicide formulations, and energetic pharmaceutical components. It has two vegetation at UPSIDC industrial space at Lucknow and Sandila, Hardoi in Uttar Pradesh.

Axis Capital and JM Financial are the ebook working lead managers to the public supply of India Pesticides, whereas KFin Technologies is the registrar to the difficulty.

India Pesticides' listed friends embody Dhanuka Agritech, Bharat Rasayan, UPL, Rallis India and PI Industries.