India Pesticides IPO -- How to check allotment status, listing date and more

• The company is likely to announce its share allotment status on June 30.
• The IPO of the agrochemical company India was subscribed 29 times on the last day of bidding.
• Investors have bid for 56.07 crore shares against the 1.93 crore shares on offer.

Lucknow-based agrochemical company India Pesticides is likely to announce the allotment of its initial public offering (IPO) status on June 30.

The IPO was open for subscription between June 23 and June 25.

The company is looking to raise ₹800 crore through the IPO. The public offer will comprise a fundraise via a fresh issuance of shares amounting to ₹100 crore and ₹700 crore through an offer-for-sale (OFS) by the promoter.

The IPO has received good response from investors considering that investors have bid for 56.07 crore shares against the 1.93 crore shares on offer.

The portion for qualified institutional investors was subscribed 42.95 times while the non-institutional investor category received a bid for 51.88 times.

The company has said it would utilise the net proceeds from the public issue to fund working capital requirements and general corporate purposes.

Here is how to check India Pesticides IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'India Pesticides’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on 'India Pesticides’. It will only appear post allotment on June 30.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click 'submit'.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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