India Pesticides IPO
India Pesticides Limited (IPL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 05 July 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +17.7% (likely range +8% to +27%), day's high +24.7%, chance of a gain 92%. Actual: +18.2% at the open, +24.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 55,17,241 | 23,69,61,400 | 42.9x | |
| NII (HNI) total | 41,37,931 | 21,46,58,250 | 51.9x | |
| Retail | 96,55,173 | 10,90,92,000 | 11.3x | |
| Total | 1,93,10,345 | 56,07,11,650 | 29.0x |
Bids on NSE and BSE together, as published by NSE, as of 25 Jun 2021, 04:55 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to India Pesticides's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
| Neogen ChemicalsApr 2019 | 30.5x | 114x | 16.1x | 41.2x | ₹133 Cr | +16.7% | +22.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the India Pesticides IPO price band and lot size? ₹290–296 per share, with a lot of 50 shares, so the smallest retail bid is ₹14,800.
How many times has it been subscribed? 29.0x overall: QIB 42.9x, NII 51.9x, retail 11.3x.
How did it list? It opened at ₹350, +18.2% against the issue price of ₹296, and closed its first day +15.9%.
