Key sentence:
- India Pesticides Limited, an agrochemical fabricating organization, has reported the assignment of its IPO.
- The IPO opened for membership on 23 June 2021 and finished on 25 June 2021.
- The agrochemical organization hopes to raise Rs 800 crore through the IPO assignment.
According to its site, India Pesticides Limited, an agrochemical fabricating organization, has reported the assignment of its initial public offering (IPO) and has booked it for 1 July 2021.
The IPO opened for membership on 23 June 2021 and finished on 25 June 2021. The value band for the public contribution was fixed at Rs 290-296 for every value share, and the Registrar’s name was Kfin Technologies Private Limited.
Right from the start, the public contribution was bought on 1.29 occasions and was bought in more than 11 times over the three-day time frame. Against the IPO size of 1.93 crore shares, offers for 56.07 crore value shares were gotten.
The company is looking to raise Rs 800 crore:
The agrochemical organization hopes to raise Rs 800 crore through the IPO assignment, which will incorporate a new issue of Rs 100 crore and a proposal available to be purchased of Rs 700 crore.
The supports raised through this issue will be utilized for general corporate purposes and satisfy the functioning capital’s necessities.
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Initial public offering posting date:
The settled IPO apportioning rundown will be reported on 1 July 2021, and the commencement of discounts will likewise begin occurring around the same time. The designated offers will be recorded on NSE and BSE on 5 July 2021.
Steps to check assignment status:
When the organization dispenses the offers, individuals can check their allocation status on the BSE site or the NSE site.
Stage 1: Visit the authority BSE site.
Stage 2: On the BSE landing page, click on ‘Value’. A dropdown menu will show up. Select ‘India Pesticides’.
Stage 3: Then, you will be needed to enter your application and PAN number.
Stage 4: After entering the right subtleties, click on ‘Search’.
After tapping on the ‘Search’ button, subtleties of the number of offers bought in and the number of offers distributed to you will be made accessible.
Checking the designation status through the enlistment centre’s site:
Stage 1: Go to the KFIN Technologies site https://kcas.kfintech.com/ipostatus/
Stage 2: From the dropdown menu, select the IPO name.
Stage 3: Then, enter the application number or DP ID/Client ID or PAN number.
Stage 4: For an application number, select the application type (ASBA or NON-ASBA) and enter the application number.
Stage 5: Enter ‘Manual human test’ and snap-on ‘Submit’.
