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About the Company:
Incorporated in 1984, India Pesticides Limited (IPL) is one of the leading agrochemicals manufacturers in India. The company operates in two business verticals; 1 Technicals and 2. Formulations. The company manufactures herbicide, fungicide Technicals, and Active Pharmaceuticals Ingredients (APIs). India Pesticides is the sole Indian manufacturer of several Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The agri-chemical producer is a R&D driven manufacturer of Technicals with a growing Formulations business. The company is utilizing 75% of its total manufacturing capacity and has recorded 37.17% year-onyear growth in Technicals manufacturing (by volume) last year. The company has obtained registrations from the CIBRC for 22 agro-chemical Technicals and 125 Formulations for sale in India and 27 agro-chemical Technicals and 35 Formulations for export while we have a license to manufacture from the Department of Agriculture, Uttar Pradesh for 49 agro-chemical Technicals and 158 Formulations.
|S.No.||1 - Company||2 - Directors||3 - Promoters|
|Entity Name||By the Company||Against the Company||By the Sponser Group||Against the Sponsor Group||By the Sponser||Against the Sponser|
|Material civil cases||-||8||-||-||-||-|
|Amt. (In Million Rs.)||22.43||0.90||-||Non-Quantifiable||-||Non-Quantifiable|
|Income Statement (In Millions)||FY21||FY20||FY19|
|Gross Operating Income||6553.77||4897.27||3460.42|
|Cost of Employee & Inventory||3331.55||2694.99||2005.41|
|Profit Before Tax||1799.49||933.69||611.00|
|Profit After Tax||1345.32||707.99||439.21|
The promoter of the company is Anand Swarup Agarwal and the ASA Family Trust.
The company will face tough competition from PI Industries, Sumitomo Chemicals, Dhanuka Agritech, Coromandel International.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to 2,36,48,648 equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 23.6 million equity shares aggregating up to ₹700 Cr (at an upper price band of Rs. 296).
The company has planned to raise fresh capital comprising an aggregate of 33,78,378 equity shares having Face Value ₹1 aggregating up to Rs. 100 Cr at the upper price band of Rs. 296. The net proceeds will be utilized for working capital requirements amounting at Rs. 80 crores while the rest will be utilized for general corporate purpose.