Ajcon Global IPO report on India Pesticides
India Pesticides Limited (“IPL”) was incorporated on December 13, 1984. IPL is an R&D driven agro‐chemical manufacturer of Technicals with a growing Formulations business. IPL is the fastest growing agro‐chemical companies in India in terms of volume of Technicals manufactured. The Company has witnessed 37.17% year‐on‐year growth in Technicals manufacturing (by volume) between Fiscal 2020 and Fiscal 2021.
Valuation and Outlook
At the upper end of the price band of ₹296, the Company's IPO is valued at P/E multiple of 25x on FY21 earnings which looks decent as compared to Industry Average ‐ P/E of 35x. We recommend to "SUBSCRIBE" the issue for listing gains.
For all IPO stories, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
