India Pesticides IPO - Growth Prospects, Key Risks: ICICI Direct

A farmer sprays fungicide in a field of rice on farmland near Sirsa, Haryana, India. (Photographer: Prashanth Vishwanathan/Bloomberg).

India Pesticides IPO - Growth Prospects, Key Risks: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Incorporated in 1984, India Pesticides Ltd. is one of the fastest growing agrochemicals companies in India with key focus on manufacturing agrochemical technicals and formulations.

Over the years, it has diversified into manufacturing herbicide and fungicide technicals and active pharmaceutical ingredients.

The company has two manufacturing facilities in Uttar Pradesh State Industrial Development Corporation Industrial Area at Dewa Road, Lucknow and Sandila, Hardoi in Uttar Pradesh, spread across over 25 acres.

As of March 31, 2021, the aggregate installed capacity of manufacturing facilities for agro-chemical technicals was 19,500 million tonnes and formulations was 6,500 million tonnes.

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ICICI Direct India Pesticides IPO Review.pdf

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