Insecticides (India) IPO
Insecticides (India) IPO — date, price band, lot size & details 2007
Insecticides (India) listed on 30 May 2007 at ₹110, 4.3% below the ₹115 issue price.
Insecticides (India) makes and sells plant protection chemical formulations and household pesticides, with plants at Chopanki in Rajasthan and Samba in Jammu and Kashmir. Its net worth was Rs 2530.49 lacs in FY2006.
Stock price
Insecticides (India) is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 07 May 2007
- Close 11 May 2007
- Allotment TBA
- Refund/credit TBA
- Listing 30 May 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 11 May, 2007 |
|---|---|
| Price Band | ₹97 – ₹115 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹36.92 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Alankit Assignments Limited |
| Min Investment | ₹ 6,900 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 60 shares at the ₹115 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹6,900 |
| Retail (max) | 28 | 1,680 | ₹1,93,200 |
| S-HNI (min) | 29 | 1,740 | ₹2,00,100 |
| S-HNI (max) | 144 | 8,640 | ₹9,93,600 |
| B-HNI (min) | 145 | 8,700 | ₹10,00,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its range included more than 80 crop protection products.
- 02Net worth rose from Rs 1474.96 lacs in FY2005 to Rs 4078.74 lacs in December 2006.
- 03It had a marketing tie-up with AMVAC of the USA for the Thimet brand, and 2 plants.
- 04Return on net worth was high at 50.6%.
Risks · 5
- 01Pesticide sales depend on the monsoon and crop prices across its 80 plus products.
- 02Household pesticides were a new line, started only in the last 1 year.
- 03Agrochemicals face strict registration and pollution rules at its 2 plants.
- 04Its sales are seasonal, so working capital needs swing; capacity at Samba was 6000MT of granules.
- 05Promoter and promoter group holding fell from 100% before the issue to 74.69% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Insecticides (India) offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 168.16 | 137.79 | 111.35 | 76.28 |
| Profit After Tax | 15.48 | 10.26 | 6.61 | 0.39 |
| NET Worth | 40.79 | 25.30 | 14.75 | 7.84 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Insecticides (India) RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Insecticides (India) IPO will be updated shortly.
About the company
It makes and distributes formulations of plant protection chemicals and, from the last financial year before its IPO, household pesticides. Its range included more than 80 insecticides, fungicides, weedicides, herbicides and plant growth regulators.
It had plants at Chopanki in Rajasthan and at the SIDCO growth centre in Samba, Jammu and Kashmir, with capacity of 6000MT of granules. It had an MoU with AMVAC Chemical Corporation of the USA to make and market products under the Thimet brand.
The IPO was Rs 36.92 crore and was entirely a fresh issue at Rs 115, the top of the Rs 97 to Rs 115 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Insecticides (India) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Insecticides (India)?
The current Grey Market Premium is ₹0.
What is the Insecticides (India) IPO price band?
₹97 to ₹115, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 30 May 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Alankit Assignments Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
