IPO Central

India Pesticides IPO description – India Pesticides is an R&D driven agro-chemical manufacturer of Technicals with a growing Formulations business. It is one of the fastest growing agro-chemicals company in terms of volume of Technicals manufactured. It recorded 37.17% year-on-year growth in Technicals manufacturing (by volume) between Fiscal 2020 and Fiscal 2021, reaching more than 75% plant operating rate. The company manufactured 15,003 MT of Technicals in FY2021.

The company is the sole Indian manufacturer of five Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capacity. Since commencing operations in 1984, it has diversified into manufacturing herbicide and fungicide Technicals and active pharmaceutical ingredients (APIs). It also manufactures herbicide, insecticide and fungicide Formulations.

The company’s R&D efforts have led to development of processes to manufacture three generic off-patent Technicals since Fiscal 2018 and it is currently in the process of developing processes for certain Technicals, including two fungicides, two herbicides, two insecticides and two intermediates.

Its Technicals products are primarily exported while domestic markets is the destination for Formulations products. Exports contributed 56.71% of its revenue from operations in FY2021. Its Technicals are exported to over 25 countries including Australia and other countries in North and South America, Europe, Asia and Africa.

Promoters of India Pesticides – Anand Swarup Agarwal and The Asa Family Trust