City Crops Agro is engaged in the business of trading products like seeds, and agricultural produce mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. They have an integrated online platform that includes products such as cereals, oil seeds, pulses, and vegetables. The company is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion, and Castor.
The company sources the agricultural products from the manufacturers by paying an advance payment with their labeling and then these products are sold to their network of distributors. Owing to their presence in the market for decades, they have built strong relationships with both the farmers as well as with the wholesaler/retailers’ community.
In contract manufacturing, The company leases agricultural land on lease and cultivates Cucumber, Onions, and Castor to meet the demand in the market. This gives the company control over the entire process and gets the agricultural produce at better rates as compared to the market. A part of the yield is shared with the farmers working on a contractual basis on the leased land, which further helps the local farmers’ community. The company currently has around 47.31 acres of land for agricultural production.
Objects of the Issue:
- To meet the working capital requirements of the company.
- General Corporate Purposes.
- To meet the Issue Expenses.
City Crops Agro IPO Review
City Crops Agro IPO Date & Price Band Details
|IPO Open:||September 26, 2023|
|IPO Close:||September 29, 2023|
|IPO Size:||Approx ₹15.00 Crores, 6,000,000 Equity Shares|
|Face Value:||₹10 Per Equity Share|
|IPO Price Band:||₹25 Per Equity Share|
|IPO Listing on:||BSE SME|
|Retail Quota:||50% of the net offer|
|QIB Quota:||[.]% of the net offer|
|NII Quota:||50% of the net offer|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
|Anchor Investors in IPO:||Click Here|
City Crops Agro IPO Market Lot
The City Crops Agro IPO minimum market lot is 6000 shares with a ₹150,000 application amount.
City Crops Agro IPO Dates
The City Crops Agro IPO date is September 26 and the IPO close date is October 3. The IPO allotment date is September 29 and the IPO might list on October 10.
|IPO Open Date:||September 26, 2023|
|IPO Close Date:||September 29, 2023|
|Basis of Allotment:||October 5, 2023|
|Refunds:||October 6, 2023|
|Credit to Demat Account:||October 9, 2023|
|IPO Listing Date:||October 10, 2023|
City Crops Agro IPO Form
How to apply City Crops Agro IPO? You can apply City Crops Agro IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the City Crops Agro IPO in the Invest section. The other option you can apply City Crops Agro IPO via IPO forms download via the BSE website. Check out the City Crops Agro forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
City Crops Agro Company Financial Report
|₹ in Crores|
City Crops Agro IPO Valuation – FY2023
Check City Crops Agro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
|Earning Per Share (EPS):||₹1.13 per Equity Share|
|Price/Earning P/E Ratio:||22.03|
|Return on Net Worth (RoNW):||9.80%|
|Net Asset Value (NAV):||₹11.58 per Equity Share|
- MK Exim (India) Ltd
- Alstone Textiles (India) Ltd
- Mr. Kaupilkumar Hasmukhbhai Shah
- Mrs. Shitalben Kaupilkumar Shah
City Crops Agro IPO Registrar
Skyline Financial Services Private Ltd
Email: [email protected]
City Crops Agro IPO Allotment Status
Check City Crops Agro IPO allotment status on Skyline Financial website URL. Click Here
City Crops Agro IPO Lead Managers aka Merchant Bankers
- Turnaround Corporate Advisors Private Limited
City Crops Agro Limited
A-208, Titanium City Centre,
Near Sachin Tower, 100 Ft Ring Road,
Satellite, Ahmedabad – 380015
Phone: +91 9428714136
Email: [email protected]