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How to invest in India Pesticides' IPO via Upstox

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The initial public offering (IPO) of agrochemicals manufacturing company India Pesticides Ltd opened for subscription from June 23-25. The company is offering shares with a face value of Rs 1 in the price band of Rs 290-296 each to raise a total of Rs 800 crore.

How to invest in India Pesticides' IPO via Upstox
The initial public offering (IPO) of agrochemicals manufacturing company India Pesticides Ltd opened for subscription from June 23-25. The company is offering shares with a face value of Rs 1 in the price band of Rs 290-296 each to raise a total of Rs 800 crore.
The minimum order size is 50 shares and multiples of 50 shares thereafter. The shares will be listed on the BSE and NSE, tentatively on July 5, 2021.
You can also subscribe to this IPO through the discount broking app Upstox.
Here are the steps to do so via the Upstox website/app:
Step 1:
Log in to the Upstox application with your credentials.
Step 2: Select the IPO that you want to invest in and create an IPO application (India Pesticides Ltd in this case).
Step 3: Add up to three bids within the price range.
Step 4: Confirm your application.
Step 5: Accept the UPI mandate and block funds on the mobile UPI app.
According to Upstox, monsoon has brought delight to India's IPO market, which is seeing action after a two-month hiatus. The firm added that it is the best opportunity for investors and traders to add stocks at the offer price.
"Indian companies have raised nearly $3 billion so far in 2021, the best start to a year since 2018. This can be attributed to market liquidity, aided by both foreign and retail investors. The gradually recovering economy has boosted investor sentiment, making it an opportune time for companies to list on stock exchanges," it said.
An EY report showed that there were 17 IPOs in Q4FY21 on BSE and NSE versus one in Q4FY20 and 10 in Q321. This represents an increase of 1,600 percent compared to Q4FY20 and an increase of 70 percent compared to Q3FY21, according to Upstox.

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