Quick look at the India Pesticides IPO๐Ÿš€

Quick look at the India Pesticides IPO๐Ÿš€

India Pesticides, an agro-chem player, will be open for a public listing this morning โ€” looking to raise โ‚น800 crores from public markets.

The company basically makes a broad portfolio of compounds and formulations โ€” including herbicide, fungicide, and other chemicals used in the agricultural world for crop protection, in addition to an emerging portfolio of active pharmaceutical ingredients.

Quick look at financials:

  • Made โ‚น649 crores last year, growing better than 35% for the last 2 years
  • Profits growing at 90%, showing operating leverage with scale
  • Total assets growing, debt is negligent and going down
  • Management is stellar

Analysts claim the companyโ€™s R&D expertise is invaluable, and with ever growing end market demand to boost crop yields, the street is expecting a blockbuster listing โ€” if you can get in, that is.