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Insecticides IPO is a book built issue of Rs 36.92 crores.
Insecticides IPO bidding started from May 7, 2007 and ended on May 11, 2007. The shares got listed on BSE, NSE on May 30, 2007.
Insecticides IPO price band is set at ₹97 to ₹115 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,900.
Uti Securities Ltd is the book running lead manager of the Insecticides IPO, while Alankit Assignments Ltd is the registrar for the issue.
Refer to Insecticides IPO RHP for detailed information.
| IPO Date | May 7, 2007 to May 11, 2007 |
| Listing Date | May 30, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹97 to ₹115 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 3,210,000 shares (aggregating up to ₹36.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 9,472,700 |
| Share holding post issue | 12,682,700 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,900 |
| Retail (Max) | 28 | 1680 | ₹193,200 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 74.69% |
Insecticides India Limited (IILTD) is in the business of manufacturing and distribution of formulations of plant protection chemicals and house hold pesticides. Insecticides product range includes more than 80 types of insecticides, fungicides, weedicides, herbicides and plant growth regulator for all types of crops and also house hold pesticides. Insecticides largest selling brands are Lethal, Victor, Thimet, Indan 4g and Kaiser.
Insecticides India Limited's manufacturing units are located at Chopanki (Rajasthan) and Samba (Jammu) with a total manufacturing capacity of 60 lacs litres of Emulsifible Concentrate (EC), 2900 MT of Wettable Dispersable Powder (WDP) and 10500 MT of granules per annum.
| KPI | Values |
|---|---|
| RoNW | 50.6% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital
1. To set up a formulation plant in the state of Jammu &Kashmir;
2. To set up a plant for manufacturing Technicals at Bhiwadi, Rajasthan;
3. To set up a research and development facility at Bhiwadi, Rajasthan.
The Insecticides IPO is subscribed 1.97 times on May 11, 2007 5:00:00 PM. The public issue subscribed 4.49 times in the retail category, 0.32 times in the QIB category, and 1.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | May 30, 2007 |
| BSE Script Code | 532851 |
| NSE Symbol | INSECTICID |
| ISIN | INE070I01018 |
| Final Issue Price | ₹115 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹115.00 |
| ₹105.00 |
| ₹101.15 |
| ₹117.00 |
| ₹109.50 |
| NSE |
|---|
| ₹115.00 |
| ₹110.00 |
| ₹101.00 |
| ₹117.00 |
| ₹109.45 |
Insecticides India Ltd
Insecticides India Limited,
401-402, Lusa Tower,
Azadpur Commercial Complex, Azadpur, Delhi – 11003
Phone: (011) 27679700-04
Email: ipo@insecticidesindia.com
Website: http://www.insecticidesindia.com
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: insecticidesipo@alankit.com
Website: http://ipo.alankit.com/
Insecticides IPO is a main-board IPO of 3,210,000 equity shares of the face value of ₹10 aggregating up to ₹36.92 Crores. The issue is priced at ₹97 to ₹115 per share. The minimum order quantity is 60 Shares.
The IPO opens on May 7, 2007, and closes on May 11, 2007.
Alankit Assignments Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Insecticides IPO opens on May 7, 2007 and closes on May 11, 2007.
Insecticides IPO lot size is 60 Shares, and the minimum amount required is ₹6,900.
You can apply in Insecticides IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Insecticides IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Insecticides IPO allotment status.
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