The Objectives of the Offer are to:

1. Invest Rs 105 crore in capital expenditure

2. Fund incremental working capital requirements to the tune of Rs 45 crore

3. Repayment and/or pre-payment, in full and/or part, of certain borrowings to the tune of Rs 10 crore

4. General corporate purposes.

The company manufactures a wide range of agrochemical formulations for B2B and B2C customers, including insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers, and antibiotics.

They also market and distribute agrochemical products to Indian farmers through their distribution network under brands in-licensed by the company, owned by them and through generic brands.

They export to over 25 countries in Latin America, East African Countries, the Middle East and Far East Asia.

In FY22, the company reported a revenue of more than Rs. 396 crore and a net profit of Rs. 29 crore.

In the first four months of the current financial year, the company reported sales of Rs 221 crore and net profit of Rs 18 crore.

Since this is a seasonal business, the first four months' figures should not be annualized.

Total borrowings are Rs 65 crores as of September 2022.

While the company exports to over 25 nations, over 90% of its revenue arrives from the domestic market.