India Pesticides IPO opens: Here is what you need to know

Agro-chemical manufacturer India Pesticides has opened it's initial public offering (IPO) and is looking to raise Rs 800 crore. Here is what you need to know to make an investment decision-:

IPO Details

• Dates: Open June 23-25
• Price Band: Rs 290–296 per equity share
• Lot Size: Minimum of 50 equity shares, Max 2 lakh
• Minimum Investment: Rs 14,800 for 50 shares

About the company

India Pesticides currently has registrations and licenses for 22 agrochemical technicals and 125 formulations for sale in India, and 27 agrochemical technicals and 35 formulations for export purposes. Company earns 56 per cent of revenue from the export market and 44 per cent of revenue from the domestic market

This would be the 24th IPO launched in calendar 2021. So far, 23 companies have raised nearly Rs 37,000 crore from public issues this year with many more to come especially from the startup space.