Quick look at the India Pesticides IPO🚀

India Pesticides, an agro-chem player, will be open for a public listing this morning — looking to raise ₹800 crores from public markets.

The company basically makes a broad portfolio of compounds and formulations — 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 ₹649 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 company’s R&D expertise is invaluable, and with ever growing end market demand to boost crop yields, the street is expecting a blockbuster listing — if you can get in, that is.