India Pesticides has very strong fundamentals and a proven track record, says Gaurav Garg

Market experts suggest investors should stay put in the company and can add more in case of any meaningful correction in the counter

Vodafone Idea has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022

India Pesticides IPO: Proceeds from the fresh issue would be used towards funding the working capital requirements and general corporate purposes

The Rs 800-crore IPO received bids for 56,07,11,650 shares against 1,93,10,345 shares on offer, as per NSE data

In the grey market, shares of India Pesticides were quoting at Rs 341-344 (today at 10:40 am) implying a premium of 15-16%

The company has fixed a price band of Rs 290-296 a share for the IPO, which will open on June 23 and conclude on June 25

Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes

India Pesticides has fixed a price band of Rs 290-296 a share for the upcoming initial share sale

The agrochemicals manufacturer plans to raise Rs 800 crore through the public listing of shares