City Crops Agro Limited is engaged in the business of trading of products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. The company has an integrated online platform which 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 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 IPO – Details
| IPO Opening Date | 26 September 2023 |
| IPO Closing Date | 29 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 60,00,000 Shares Worth ₹15.00 Crore Fresh Issue: 60,00,000 Shares Worth ₹15.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 |
| Market Lot | 6000 Shares |
| Min Order | 6000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
City Crops Agro IPO – Date Schedule
| IPO Open Date | 26 September 2023 |
| IPO Close Date | 29 September 2023 |
| Basis of Allotment | 05 October 2023 |
| Initiation of Refund | 06 October 2023 |
| Credit of Shares to Demat Account | 09 October 2023 |
| IPO Listing Date | 10 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 29, 2023 |
City Crops Agro IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 6000 | 1,50,000 |
| Retail (Maximum) | 1 | 6000 | 1,50,000 |
| HNI (Minimum) | 2 | 12000 | 3,00,000 |
Competitive Strengths
- Organizational stability along with management expertise.
- Smooth flow of operations.
- Well-defined organizational structure.
- Existing Supplier Relationship.
- Wide range of Products.
Company Promoters
- Mr. Kaupilkumar Hasmukhbhai Shah
- Mrs. Shitalben Kaupilkumar Shah
Object Of The Issue
- To meet the working capital requirements of the company.
- General Corporate Purposes.
- To meet the Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 3.48 | 3.44 | 0.04 | 0 |
| 31 March 2022 | 17.75 | 17.20 | 0.48 | 0.05 |
City Crops Agro IPO Promoter Holding
| Pre Issue Share Holding | 86.51% |
| Post Issue Share Holding | 54.70% |
City Crops Agro IPO Prospectus
- City Crops Agro IPO DRHP
- City Crops Agro IPO RHP
Company Contact Information
| 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/ |
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 Lead Manager(s)
| 1. Turnaround Corporate Advisors Private Limited |
City Crops Agro IPO FAQs
| What is City Crops Agro IPO? City Crops Agro IPO is a SME IPO. The issue is priced at ₹25 per equity share. The IPO is to be listed on BSE SME. |
| When City Crops Agro IPO will open? The IPO is to open on 26 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to City Crops Agro IPO? You can apply City Crops Agro IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the City Crops Agro IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “City Crops Agro”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the City Crops Agro IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “City Crops Agro”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is City Crops Agro IPO Size? City Crops Agro IPO size is ₹15.00 crores. |
| What is City Crops Agro IPO Price Band? City Crops Agro IPO Price Band is ₹25. |
| What is City Crops Agro IPO Minimum and Maximum Lot Size? The minimum bid is 6000 Shares with ₹1,50,000 amount while the maximum bid is 6000 shares with ₹1,50,000. |
| What is the City Crops Agro IPO Allotment Date? City Crops Agro IPO allotment date is 05 October 2023. |
| What is the City Crops Agro IPO Listing Date? City Crops Agro IPO listing date is 10 October 2023. The IPO is to list on BSE SME. |
