IPO

City Crops Agro Limited IPO

BSE SME

Listed On: Oct 10, 2023 at ₹ 25.5

₹ 150000 /6000 Shares

Check Allotment

City Crops Agro Limited IPO Details

26 Sep, 2023

Open Date

29 Sep, 2023

Close Date

05 Oct, 2023

Allotment Date

10 Oct, 2023

Listing Date

Issue Price

₹25 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

25.5

Listing Date

2023-10-10

Market Lot

6000 Shares (₹150,000/-)

Lead Manager

Turnaround Corporate Advisors Private Limited

Issue Size

6,000,000 shares(aggregating up to ₹15.00 Cr)

Retail Portion

50%

Subscription

3.52 times

IPO Docs

DRHP

City Crops Agro Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved2,850,0002,850,0005,700,000
Day 1 - 26-09-23 06:00 PM1.50 x0.26 x0.88 x
Day 2 - 27-09-23 06:00 PM1.41 x0.66 x1.03 x
Day 3 - 28-09-23 05:00 PM1.54 x1.52 x1.53 x
Day 4 - 29-09-23 05:00 PM2.26 x4.78 x3.52 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 All values are in ₹ Lakh

30-Sep-2231-Mar-2231-Mar-21
Assets1,357.091,298.96246.99
Revenue962.721,775.69348.90
Profit After Tax61.3148.414.32

About The 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)

Pre Issue Share Holding: 86.51%

Post Issue Share Holding: 54.70%

Company Promoter(s)

  1. Mr. Kaupilkumar Hasmukhbhai Shah
  2. Mrs. Shitalben Kaupilkumar Shah

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.

City Crops Agro Limited IPO - FAQs

Ans. City Crops Agro Limited IPO is a SME IPO. The issue is priced at ₹25 per equity share. The minimum order quantity is 6000 Shares. The IPO opens on Sep 26, 2023, and closes on Sep 29, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The City Crops Agro Limited IPO opens on Sep 26, 2023 and closes on Sep 29, 2023.

Ans. The size of City Crops Agro Limited IPO is 6,000,000 shares(aggregating up to ₹15.00 Cr).

Ans. The IPO price band is set between ₹25 per equity share.

Ans. To apply for City Crops Agro Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find City Crops Agro Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of City Crops Agro Limited IPO is Oct 5, 2023.

Ans. The City Crops Agro Limited IPO will be listed on Oct 10, 2023.

Ans. Follow the steps to check the allotment status for City Crops Agro Limited IPO here.