By: ICN Bureau
Last updated : June 24, 2021 8:27 am
The total size of the offer is Rs. 800 crores at the upper price band of Rs. 296 per share.
India Pesticides Limited (IPL), a R&D driven one of the fastest growing agro-chemicals company and manufacturer of Technicals and APIs; received bids of 2,49,64,700 shares against the offered 1,93,10,345 equity shares, as per the 5:00 pm data available on the bourses.
The portion reserved for retail investors was subscribed 2.51 times and the Non-Institutional Investor category was subscribed 0.19 times, While the Qualified Institutional Buyer didn't see any response on Day one.
The total size of the offer is Rs. 800 crores at the upper price band of Rs. 296 per share.
The company raised Rs. 240 crores through the Anchor Book and saw a good demand across 6 FPIs and 6 Domestic Institutions namely such as Abu Dhabi Investment Authority (ADIA), Wells Fargo, Plutus, Millenium, Tara, BNP Paribas SBI Mutual Fund, Nippon Mutual Fund, Tata Mutual Fund, Bajaj Allianz Life Insurance Company, Bharti AXA Life Insurance Company and Winro Commercial India.
Axis Capital Limited and JM Financial Limited are the BRLMs to the Offer.