India Pesticides gets Sebi's nod for Rs 800-crore IPO The firm plans to raise Rs 800 crore through a public issue. The firm may undertake a pre-IPO placement of Rs 75 crore, subject to consultation with merchant bankers BusinessToday.In | May 5, 2021 | Updated 15:20 IST Agrochemical company India Pesticides Ltd (IPL) has received capital markets regulator Sebi's nod to float an initial public offer (IPO). On February 10, the lucknow-based firm had filed draft red herring prospectus (DRHP) with SEBI for a Rs 800 crore initial public offering (IPO). The firm plans to raise Rs 800 crore through a public issue. The IPO comprises fresh issuance of shares worth Rs 100 crore and an offer of sale through promoter and selling shareholders, aggregating up to Rs 700 crore. Promoter Anand Swarup Agarwal intends to sell shares worth Rs 281 crore while other shareholders will offer shares worth Rs 419 crore.