India Pesticides IPO opens tomorrow
June 23, 2021
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2021 has certainly been an year of IPOs. With nearly half the year gone by, the financial markets have witnessed 23 IPOs which have helped these 23 companies to raise over Rs 37000 crores from the masses.
Continuing the streak, 24th company to launch an IPO this year is Indian pesticides. The 800 Crore public issue is all set to open for bidding from 23rd June to 25th June. It includes a fresh issue worth Rs 100 Crores and an OFS (Offer for Sale) worth Rs 700 Crores.
The price band for the IPO has been fixed at Rs 290-296 with a lot size of 50 shares. The company plans to utilize the raised capital for general corporate purpose and working capital requirement.
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