India Pesticides Upcoming IPO Analysis


India Pesticides Limited (IPL) was established in 1984 and became public limited company in 1993. IPL is engaged in the manufacturing of various types of pesticides (technical & formulations) and pharmaceutical intermediates. Pesticides contribute about 92% of total sales, while pharmaceutical intermediates contribute about 8% to total sales of the company in FY20.

IPL is globally operating agro-chemical manufactures in India and among the fastest growing agro-chemical companies in India.This is a sole Indian manufacturer and among top five manufacturers globally for several Technicals, such as, Folpet, Thiocarbamate Herbicide etc and manufacturer & exporters of agrochemicals, bulk drugs and intermediates.

Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Fiscal 2020. Currently, the firm has two manufacturing plants UPSIDC Industrial Area at Dewa Road, Lucknow and Sandila, Hardoi in Uttar Pradesh



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