If you have bought shares in India Pesticides Limited’s initial public offering (IPO) and are waiting to hear about your allotment status, your wait is almost over.
About India Pesticides Limited
India Pesticides Limited (IPL), founded in 1984, is one of the country’s leading agrochemical producers.
The company’s two main areas are technical and formulations. It produces herbicides, fungicides, technical ingredients, and medicinal active compounds (APIs). Folpet, Thiocarbamate, and Herbicide are a few of the technical products manufactured by the company, which is one of a kind in India.
It also produces more than 30 pesticide, fungicide, and herbicide formulations. Technical mostly sells to more than 20 nations, including Australia, Asia, Africa, and Europe.
India Pesticides IPO
One of India’s biggest agrochemical producers, India Pesticides Limited (IPL), is launching an initial public offering (IPO) of equity shares with a face value of Re 1 each.
A fresh issue of equity shares worth Rs 100 crore and an offer-for-sale (OFS) worth up to Rs 700 crore are part of the public offering.
The issue’s price band has been set at Rs. 290 to Rs. 296 per equity share. The IPO will commence on June 23, 2021, and close on June 25, 2021.
On July 5, 2021, the issue will be listed. The market lot size for the IPO is 50 shares. An individual investor in the retail market can apply for up to 13 units (650 shares or Rs 1,92,400).
The IPO (Initial Public Offering) allotment of India Pesticides Limited is scheduled for July 1, 2021
The initial public offering (IPO) of India Pesticides Limited began on June 23 and ended on June 25. According to Moneycontrol, the Rs 800 crore initial public offering (IPO) was closed after being oversubscribed 15 times by all investors.
According to India Today, the share allotment status will be finalized on July 1st.
K Fin Technologies Private Limited is the registrant for India Pesticides Limited’s initial public offering.
How to check the status of Allotment: India pesticide IPO
The finalization of the share allotment can be checked on the BSE website or the IPO registrar’s website.
Listed below is the step-by-step process for investors who want to check their status of allotment once the India Pesticide IPO gets finalized.
Step 1: Go to https://www.bseindia.com/investors/appli check.aspx and fill out the application.
Step 2: Next, choose the issue type and name.
Step 3: After entering your application number and PAN, click the submit button.
Step 4: The IPO share allotment status for India Pesticides will be available.
Alternatively, investors can go to the IPO registrar’s website. They can take the following steps:
Step 1: Go to https://kcas.kfintech.com/ipostatus/ and fill out the form.
Step 2: Choose an IPO and an application type.
Step 3: Submit your application by entering your application number and security key.
Step 4: The status of your India Pesticides IPO share allotment will be shown.