India Pesticides Ltd. will launch its three-day initial public offering on Wednesday as the herbicides to active pharmaceutical ingredients maker aims to net funds for its working capital requirements.
Research Reports On India Pesticides IPO
Competition, Risks
India Pesticides faces competition from domestic and global manufacturers under different product categories.
While its domestic competitors include PI Industries Ltd. and Jubilant Lifesciences Ltd., in the international market it faces competition from the likes of China National Corp., Sumitomo Chemicals Co. and BASF SE in agro-chemicals.
Some of its competitors in the agro-chemical industry, according to Axis Capital, may have greater financial resources, technology, research and development capability, greater market penetration and operations in diversified geographies and product portfolios, which may allow their competitors to better respond to market trends.
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