1 min read.Updated: 21 Jun 2021, 03:14 PM ISTLivemint
The company will use the proceeds for funding working capital requirements.
India Pesticides Limited's initial public offering (IPO) issue will open on Wednesday i.e., June 23rd, 2021 and close on June 25th, 2021. The price band for the offering has been fixed at ₹290-296 a share. The company aims to raise ₹800 crore from the IPO which comprises a fresh issue of ₹100 crore and an offer for sale (OFS) of ₹281.40 crore by Anand Swarup Agrawal and ₹418.6 crore by other shareholders and promoters.