City Crops Agro Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,850,000 (48%) | — | ₹713 Cr |
| Retail | — | 2,850,000 (48%) | — | ₹713 Cr |
| Market Maker | — | 300,000 (5%) | — | ₹8 Cr |
| Σ Total | — | 6,000,000 (100%) | — | ₹15,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹150,000 |
| Retail (Max) | 13 | 78,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 84,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 402,000 | ₹10,050,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 2,463 | 1,776 | 349 |
| Profit After Tax | 117 | 48 | 4 |
| Net Worth | 1,194 | 1,077 | 5 |
| Total Assets | 1,403 | 1,299 | 247 |
| Reserves & Surplus | 163 | 46 | 4 |
| Total Borrowing | 2 | 5 | 1 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the working capital requirements of the company –
- General Corporate Purposes –
Company Overview
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.