IPO

City Crops Agro Limited IPO

BSE SME

Listed On: Oct 10, 2023 at ₹ 25.5

₹ 300000 /12000 Shares
*Min Investment

Check Allotment

26 Sep, 2023

Open Date

29 Sep, 2023

Close Date

05 Oct, 2023

Allotment Date

10 Oct, 2023

Listing Date
City Crops Agro Limited IPO Issue Details
  • Issue Price ₹25 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 6,000,000 shares(aggregating up to ₹15.00 Cr)
  • Listing at BSE SME
  • List Price 25.5
  • Listing Date 2023-10-10
  • Lead Manager Turnaround Corporate Advisors Private Limited
  • Registrar Skyline Financial Services Private Ltd
City Crops Agro Limited IPO Details
  • Retail Portion 50%
City Crops Agro Limited IPO Documents
DRHP
City Crops Agro Limited IPO Details


City Crops Agro Limited IPO is an SME IPO, priced at ₹25 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform.

The IPO bidding window is open from Sep 26, 2023 to Sep 29, 2023. The allotment is expected to be finalized on Oct 5, 2023, and the tentative listing date is Oct 10, 2023.


The registrar of the IPO is Skyline Financial Services Private Ltd, and

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City Crops Agro Limited IPO Subscription Analysis And Details
Retail
4.78x
Total
3.52x
As on QIB / NII Retail Total
Shares Offered / Reserved 2,850,000 2,850,000 5,700,000
Day 1 26-09-23 06:00 PM
1.50 x 0.26 x 0.88 x
Day 2 27-09-23 06:00 PM
1.41 x 0.66 x 1.03 x
Day 3 28-09-23 05:00 PM
1.54 x 1.52 x 1.53 x
Day 4 29-09-23 05:00 PM
2.26 x 4.78 x 3.52 x
City Crops Agro Limited Valuations
Earnings Per Share (EPS) ₹N/A/-
P/E Ratio N/A
RoNW N/A%
Net Asset Value (NAV) - Post Issue ₹N/A/-
City Crops Agro Limited Company Financials
In Lakhs
In Lakh
30-Sep-22 31-Mar-22 31-Mar-21
Assets 1,357.09 1,298.96 246.99
Revenue 962.72 1,775.69 348.90
Profit After Tax 61.31 48.41 4.32
About City Crops Agro Limited Company

City Crops Agro Limited, previously known as Bhagya Agro-Care Private Limited, is engaged in the business of trading products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses.

The company sources the agricultural products from the manufacturers by paying an advance payment with its labeling and then these products are sold to its network of distributors. In contract manufacturing, the company leases agricultural land on lease and cultivates Cucumber, Onion, and Castor to meet the demand in the market. The company currently has around 47.31 acres of land for agricultural production.

City Crops Agro is located in Ahmedabad, Gujarat, and employes over 8 employees.

City Crops Agro recorded Rs. 1774.88 Lacs and Rs. 348.90 Lacs in revenue from operations in fiscal 2022 and 2021 respectively.

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City Crops Agro Limited - Promoter(s)

Mr. Kaupilkumar Hasmukhbhai Shah

Mrs. Shitalben Kaupilkumar Shah

Pre Issue Share Holding : 86.51%

Post Issue Share Holding : 54.70%

City Crops Agro Limited IPO - Issue Objectives
1

To meet the working capital requirements of the company.

2

General Corporate Purposes.

3

To meet the Issue Expenses.