Company has strong and long-term relationships with
various multinational corporations, including,Syngenta Asia Pacific Pte. Ltd.,
Sumitomo Chemical Company Limited and UPL Limited. The company has posted
strong revenue growth of 24.3% CAGR between FY2018 to FY2020. Despite the
impact of the COVID-19 pandemic, company has posted revenue growth of 45.0%
for the nine month period ending December 2021. Given strong revenue growth
and long-term relationships with various multinational corporations we assign a
"SUBSCRIBE" rating to the IPO.
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