India Pesticides Limited IPO - should you apply for this IPO??
India Pesticides Limited IPO About India Pesticides India Pesticides was incorporated in 1984 and it is one of the leading agrochemical manufacturers in India. The company operates in two business verticals: Formulation and Technicals. The company also manufactures active pharmaceutical ingredients (APIs) . They have recorded 37% YoY growth in Technicals manufacturing (by volume) between Fiscal 2020 and Fiscal 2021. IPL is the only company in India that manufactures Technicals like Folpet, Thiocarbamate, and Herbicide (in terms of production capacity) . It manufactured 15,003 MT of Technicals in the Apr-Mar 21 period. The company has a strategic focus on R&D. Its R&D capabilities include two well-equipped in-house laboratories registered with the DSIR. The Technicals that the company manufacturers are mainly exported, of its total revenue, 56% comes from export. The company exports its product to 25 different countries ...