About Parijat Industries IPO
The Parijat Industries (India) IPO is a book-built issue comprising a fresh issue of up to ₹160 crore and an offer for sale of up to 12,374,250 equity shares with a face value of ₹5 per share. The company filed its DRHP with SEBI on Sep 25, 2025.
The price band and other official dates of listing and subscription of the IPO will be announced by the company later. The equity shares are proposed to be listed on the BSE and the NSE. The Book Running Lead Manager for the issue has been appointed by the company, including ICICI Securities Ltd., Axis Capital Ltd. and JM Financial Ltd., while the registrar to the issue is Link Intime India Private Ltd.
Company Background
Parijat Industries (India) Ltd. was established on May 17, 1995, as Triumph Pesticides (Bombay) Private Ltd. under the Companies Act of 1956. The company underwent a major shift in 2003 when it acquired Triumph Pesticides (Haryana) Private Ltd. to start the production of export formulations for the European Union, Africa and North America.
In 2006, the company changed its name to Parijat Industries (India) Private Ltd. On July 8, 2025, the company changed its status from a private to a public Ltd. company with the same name, Parijat Industries (India) Ltd. The company has established itself in the global agrochemical industry.
Operations & Product Range
The main business operations of Parijat Industries (India) Ltd. include the manufacturing and subsequent sale of a variety of crop protection products. These products include insecticides, fungicides, herbicides and plant growth regulators. The company operates in the domestic retail market as well as the international business-to-business market.
Parijat Industries (India) Ltd. operates in the agricultural value chain by offering solutions for a variety of crops. The company's product line is formulated to meet the specific agricultural needs of a particular region, targeting small-scale farmers in India and large-scale agricultural operations in international territories.
Facilities & Capacity
Parijat Industries (India) Ltd. has manufacturing units in India, with its past operations set up in the state of Haryana. The company has an international presence through its subsidiaries in Tanzania, Mali and Togo, which helps it in catering to its export-oriented business model. The company has the ability to manufacture domestically as well as import formulations.
Brands & Market Presence
Parijat Industries (India) Ltd. has developed a range of branded products for the Indian market, with URUMI, VELEKTIN and XYFEN ULTRA being emphasized as the major brands as of March 31, 2025. The company caters to local farmers as well as the international market, with export activities covering Europe, Africa, and North America.
The business model of the company utilizes its knowledge of regulations, as it was one of the first Indian companies to register several crop protection molecules, which helped the company gain first-mover advantages in certain product segments. The company also has an online digital platform to improve the efficiency of marketing and distribution for its channel partners in India.
Revenue Streams & Business Model
Parijat Industries (India) Ltd. derives the bulk of its income from the sale of technicals and crop protection formulations. For the financial year ending March 31, 2025, the company’s revenue from operations reached ₹1,045.34 Cr, marking a steady climb from the ₹949.77 Cr reported in the previous year.
- • Domestic branded sales to Indian farmers through distribution networks
- • Export sales to international markets
The company also earns ancillary income through corporate guarantees provided to subsidiaries and technical know-how services related to product stabilization.
Management & Shareholding
The Parijat Industries (India) Ltd. has a promoter group; Keshav Anand is the managing director and has been with the company since December 2003. His two sons, Uday Raj Anand and Shivraj Anand are full-time directors, managing domestic and international operations, respectively. After the IPO, the promoter group's total shareholding will be reduced proportionately depending on the size of the fresh issue and the offer for sale.
Board & Key Management
The board & key management of Parijat Industries (India) Ltd. are represented by Keshav Anand (Managing Director), along with the full-time directors Uday Raj Anand (CEO – Domestic Business), Shivraj Anand (CEO – International Business), and Raj Deep Bhatia (Director – Manufacturing). The board is further strengthened by the addition of independent directors Dr. Karuna Vishunavat and Siddapur Nagaraja Sharma Sreenivas, who bring an outside perspective to the governance of the company. The company’s corporate office is located at the Okhla Industrial Estate, New Delhi.
Parijat Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Issue and Offer for Sale (OFS) |
| Total Issue Size | Up to [●] Equity Shares (Fresh Issue of ₹160.00 Cr + OFS of 20,370,680 shares) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | Aggregating up to ₹ 160.00 Cr |
| Offer for Sale | Up to 2,03,70,680 Equity Shares |
| Net Offered to Public | - |
| Issue Type | 100 % Book Built Offer |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 5,92,79,174 Equity Shares |
| Share Holding Post Issue | [.] |
Parijat Industries IPO Financial Information
Latest Revenue
1,062.41
₹ Crore
Profit After Tax
54.03
₹ Crore
Net Worth
211.03
₹ Crore
Total Borrowing
276.75
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 1,030.00 | 1,062.41 | 54.03 | 211.03 | 264.52 | 276.75 | |||
| 31 Mar 2024 | 943.85 | 955.72 | 9.84 | 159.19 | 216.30 | 298.11 | |||
| 31 Mar 2023 | 871.22 | 1,037.79 | 42.40 | 153.42 | 204.96 | 231.65 | |||
| Amount in ₹ Crore | |||||||||
Parijat Industries Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.60% |
| ROCE | 21.06% |
| Debt/Equity | 0.89 |
| RoNW | 25.92% |
| PAT Margin | 5.09% |
| EBITDA Margin | 12.40% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.23 (Basic) | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The company will use proceeds from the Parijat Industries (India) IPO for strategic objectives:
- • General corporate purposes
- • Repayment of debt (in part or in full)
The offer for sale component of 20,370,680 equity shares enables existing shareholders, including promoters and India Agri Business Fund II Limited, to partially divest their holdings, with no proceeds from this portion accruing to the company.
Conclusion
The Parijat Industries (India) IPO presents an opportunity to participate in a specialized agrochemical player with nearly 3 decades (30 years) of operational history. The company has manufacturing capabilities in India and a distribution presence across Africa; the business operates at the intersection of India's growing agricultural needs and global crop protection demand.
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Competitive Strengths
A broad and diverse product portfolio in crop protection that includes insecticides, fungicides, and herbicides.
In-house R&D capabilities that help in the development of new formulations and technical products.
A strong domestic distribution network and a global presence in over 70 countries.
An experienced management team with a deep understanding of the industry and a long-term track record in the agrochemicals industry.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | SEBI/Exchange approval received | 29/01/2026 | - |
| 2 | Filed with SEBI/Exchange | 25/09/2025 | View DRHP |
Parijat Industries IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 0 | 1400015000 |
| Individual investors (Retail) (Max) | 0 | 0 | 200000 |
| S-HNI (Min) | 0 | 0 | 200000 |
| S-HNI (Max) | 0 | 0 | 1000000 |
| B-HNI (Min) | 0 | 0 | 1000000 |