Business Markets

India Pesticides IPO Allotment Status: Here’s How To Check If You Have Been Allotted The Shares

India Pesticides IPO allotment status: The initial public offering (IPO) of India Pesticides (IPL) was subscribed 29.04 times over the 1.93 crore shares that were on offer during the subscription period from June 23-25, 2021. The price band was fixed at Rs 290-296 per share. India Pesticides IPO received bids of over 56.07 crore (56,07,48,250) shares against the total issue size of over 1.93 crore (1,93,10,345) shares, data available with the National Stock Exchange (NSE) showed. The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 42.95 times, while those of non institutional investors was subscribed 51.88 times and that of retail individual investors (RIIs) was subscribed 11.30 times, the data showed. The Uttar Pradesh-based firm is an R&D-focused agrochemical technical company, which has growing formulations business in herbicides, insecticides and fungicide segments. The funds raised through the IPO will be used towards funding…