For Thursday, share market analyst from a domestic brokerage has assigned Buy calls on Bharat Forge, India Pesticides and UNO Minda. Check price targets and other crucial details.
NEW DELHI: The initial public offer of India Pesticides Limited was subscribed 29 times on the closing day of the subscription on Friday.
The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data.
Qualified Institutional Buyers (QIBs) category was subscribed 42.95 times, non-institutional investors 51.88 times, and those for Retail Individual Investors(RIIs) 11.30 times.
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Synopsis
The R&D-focused agrochemical technical company is looking to raise Rs 100 crore via fresh issuance and Rs 700 crore through an offer for sale (OFS) by promoters.
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India Pesticides may decide to undertake a pre-IPO placement of Rs 75 crore.
NEW DELHI: India Pesticides on Wednesday filed the draft red herring prospectus (DRHP) for a Rs 800 crore initial public offering (IPO).
The R&D-focused agrochemical technical company is looking to raise Rs 100 crore via fresh issuance and Rs 700 crore through an offer for sale (OFS) by promoters.
Promoter Anand Swarup Agarwal is looking to sell Rs 281 crore worth of shares in the OFS, while the other selling shareholders intend to offload Rs 419 crore worth of shares.