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City Crops Agro Limited
Issue Size (Net)
up to Rs.15.00 Cr
Price Band
Rs.25 per share
Issue Opens
September 26, 2023
Issue Closes
September 29, 2023

Company Highlights

1.Company Information

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 47.31 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.

2. Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To meet the working capital requirements of the company.
2. General Corporate Purposes.
3. To meet the Issue Expenses.

3.City Crops Agro IPO Registrar
Skyline Financial Services Private Ltd

Phone:02228511022

Email: ipo@skylinerta.com

Website:https://www.skylinerta.com/ipo.php

City Crops Agro IPO Financial Information (Restated Standalone)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-21
246.99
348.9
4.32
5.08
4.08
0.51
31-Mar-22
1298.96
1775.69
48.41
1077.14
45.5
5.01
31-Mar-23
1402.71
2462.50
117.08
1194.25
162.57
2.01
Amount in Rs. Lakhs

City Crops Agro IPO Details

Issue Opening Date
September 26, 2023
Issue Closing Date
September 29, 2023
Face Value
Rs.10 per share
Price
Rs.25 per share
Lot Size
6000 Shares
Issue Size
6,000,000 shares (aggregating up to Rs.15.00 Cr)
Fresh Issue
6,000,000 shares (aggregating up to Rs.15.00 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Share holding pre issue
10316760
Share holding post issue
16316760
Market Maker portion
300,000 sharesSpread X Securities

City Crops Agro IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Tuesday, September 26, 2023
Closing Date
Friday, September 29, 2023
Basis of Allotment
Thursday, October 5, 2023
Initiation of Refunds
Friday, October 6, 2023
Credit of Shares to Demat
Monday, October 9, 2023
Listing Date
Tuesday, October 10, 2023
Cut-off time for UPI mandate confirmation
5 PM on September 29, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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