Crop Life Science Limited is engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations.
The company manufactures Agriculture chemicals such as Micro fertilizers and pesticides which includes Insecticides, Fungicides, Herbicides, and Weedicides. Its manufacturing unit is located at GIDC Ankleshwar, Gujarat, spanning 5831.10 Square Meters. The company exports its products to Indonesia, Bangladesh, Egypt, Myanmar, Vietnam, Sudan and other countries.
Crop Life Science’s products are registered with the Central Insecticides Board (“CIB“), and approved by the Directorate of Agriculture, Government of Gujarat, and the Gujarat Pollution Control Board (“GPCB“).
The company’s product portfolio includes more than 85 agro-chemical products.
Crop Life Science IPO – Details
| IPO Opening Date | 18 August 2023 |
| IPO Closing Date | 22 August 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 51,40,000 Shares Worth ₹26.73 Crore Fresh Issue: 51,40,000 Shares Worth ₹26.73 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 |
| Market Lot | 2000 Share |
| Min Order | 2000 Share (1 Lot) |
| Listing At | NSE SME |
| Register | Purva Sharegistry India Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Crop Life Science IPO – Date Schedule
| IPO Open Date | 18 August 2023 |
| IPO Close Date | 22 August 2023 |
| Basis of Allotment | 25 August 2023 |
| Initiation of Refund | 28 August 2023 |
| Credit of Shares to Demat Account | 29 August 2023 |
| IPO Listing Date | 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 22 Aug, 2023 |
Crop Life Science IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,04,000 |
| Retail (Maximum) | 1 | 2000 | 1,04,000 |
| HNI (Minimum) | 2 | 4000 | 2,08,000 |
Competitive Strengths
- The company’s Wide and variety range of products.
- Extensive Distribution Network.
- Experienced promoters, directors and managerial Team.
- Prime Location of the factories.
- Quality Assurance.
Company Promoters
- Rajesh Lunagariya
- Ashvinkumar Lunagaria
Object Of The Issue
- Repayment of unsecured Loan.
- Long-term Working capital requirement.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 135.31 | 130.72 | 3.23 | 15.94 |
| 31 March 2021 | 119.50 | 114.57 | 3.70 | 17.47 |
| 31 March 2022 | 102.38 | 98.62 | 2.81 | 20.93 |
| 28 February 2023 | 123.23 | 117.15 | 4.36 | 26.82 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 14.29 |
| Market Cap (₹ Cr.) | |
| ROE | 11.54 |
| ROCE | 18.63 |
| Debt/Equity | 0.68 |
| EPS (Rs) | 3.64 |
| RoNW | 10.81 |
Crop Life Science IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.01% |
Crop Life Science IPO Prospectus
Company Contact Information
| Crop Life Science Limited 209, Near Judges Bunglow Cross Road, Bodakdev, Ahmedabad – 380015 Phone: 079-40373967 Email: cs@croplifescience.com Website: https://croplifescience.com/cropelife/ |
Crop Life Science IPO Registrar
| Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/queries/ |
Crop Life Science IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd |
Crop Life Science IPO FAQs
| What is Crop Life Science IPO? Crop Life Science IPO is a SME IPO. The issue is priced at ₹52 per equity share. The IPO is to be listed on NSE SME. |
| When Crop Life Science IPO will open? The IPO is to open on 18 August 2023 for NII and Retail Investors. |
| How to Crop Life Science IPO? You can apply Crop Life Science 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 Crop Life Science IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Crop Life Science”. 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 Crop Life Science IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Crop Life Science”. 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 Crop Life Science IPO Size? Crop Life Science IPO size is ₹26.73 crores. |
| What is Crop Life Science IPO Price Band? Crop Life Science IPO Price Band is ₹52. |
| What is Crop Life Science IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,04,000 amount while the maximum bid is 2000 shares with ₹1,04,000. |
| What is the Crop Life Science IPO Allotment Date? Crop Life Science IPO allotment date is 25 August 2023. |
| What is the Crop Life Science IPO Listing Date? Crop Life Science IPO listing date is 30 August 2023. The IPO is to list on NSE SME. |
