City Crops Agro Limited (BSE SME)
September 26, 2023 – September 29, 2023
| Price | ₹25 - ₹25 |
| Premium | ₹0 |
|---|---|
| Lot size | 6000 |
| Allotment | Oct 5, 2023 |
| Listing | Oct 10, 2023 |
City Crops Agro Limited
A-208, Titanium City Centre,
Near Sachin Tower, 100 Ft Ring Road,
Satellite, Ahmedabad – 380015
Phone: +91 9428714136
Email: cs@citycropagro.in
Website: https://citycropagro.in/
Last updated on 29 Sep 2023 | 05:54:59 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 28,50,000 | 64,50,000 | 2.26 |
| Retail | 28,50,000 | 1,36,14,000 | 4.78 |
| Total | 57,00,000 | 2,00,64,000 | 3.52 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 6000 | 150000 | 0 |
| HNI | 2 | 12000 | 300000 | 0 |
Incorporated in 2013, 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.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.
City Crops Agro IPO Details
| Issue Size | 6,000,000 shares (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 6,000,000 shares (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,316,760 |
| Share holding post issue | 16,316,760 |
| Market Maker portion | 300,000 shares |
City Crops Agro IPO Reservation
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
City Crops Agro IPO Lead Manager(s)
Turnaround Corporate Advisors Private Limited
Company Financials
| Period | Mar 2021 | Mar 2022 | 30 Sep 2022 |
| Assets | 246.99 | 1,298.96 | 1,357.09 |
| Revenue | 348.90 | 1,775.69 | 962.72 |
| Profit | 4.32 | 48.41 | 61.31 |
| Net Worth | 5.08 | 1,077.14 | 1,138.49 |
| Reserves | 4.08 | 45.50 | 106.81 |
| Borrowing | 0.51 | 5.01 | 2.01 |