City Crops Agro IPO Details: The scheduled date for City Crops Agro IPO has been confirmed. The IPO is set to enter the market on September 26th and conclude on September 28th. The company aims to gather approximately ₹15 crores through this IPO. This sum includes a fresh issue of ₹15 crores via 6000000 shares, each valued at ₹10. The retail quota is 50% and HNI is 50%.
What is City Crops Agro IPO?
City Crops Agro IPO is an initial public offering (IPO) of the company City Crops Agro Limited, which is an agricultural trading company based in Ahmedabad, India. The company trades in a variety of agricultural products, including rice, wheat, onions, potatoes, tomatoes, isabgol, and pulses. It also provides contract manufacturing services for agricultural products such as cucumber, onion, and castor.
The City Crops Agro IPO is open for subscription from September 26 to 29, 2023. The price band for the IPO is ₹25 to ₹30 per share. The minimum order quantity is 6000 shares.
The company plans to use the proceeds from the IPO to fund its working capital requirements, expand its operations, and meet general corporate purposes.
Key factors to consider before investing in the City Crops Agro IPO:
- The company is a leading player in the agricultural trading industry in India.
- It has a long track record of profitability and growth.
- The IPO proceeds will be used to fund the company’s growth plans.
- The company has a diversified product portfolio and a strong customer base.
However, investors should also be aware of the following risks:
- The company faces competition from other established players in the agricultural trading industry.
- The company’s business is cyclical and is dependent on the overall economic conditions.
- The company is exposed to risks such as agricultural price volatility and changes in government regulations.
Overall, the City Crops Agro IPO is a good investment opportunity for investors looking to invest in a growing company with a strong track record. However, investors should carefully consider the risks involved before making an investment decision.
Objectives of City Crops IPO
The objectives of the City Crops Agro IPO are as follows:
- To meet the working capital requirements of the company.
- To expand the company’s operations, including setting up new warehouses and processing units.
- To meet general corporate purposes, such as funding research and development and repaying debt.
In other words, the company plans to use the proceeds from the IPO to grow its business, improve its efficiency, and reduce its debt.
City Crops Agro is a growing company with a strong track record. It is well-positioned to benefit from the growth of the Indian economy and the increasing demand for agricultural products. The IPO is a good opportunity for investors to invest in a company with strong growth potential.
City Crops Agro IPO Date & Price Band Details
| IPO Open: | September 26, 2023 |
| IPO Close: | September 29, 2023 |
| IPO Size: | Approx ₹15.00 Crores, 6,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹25 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
City Crops Agro IPO Market Lot
The City Crops Agro IPO minimum market lot is 6000 shares with a ₹150,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6000 | ₹150,000 |
| Retail Maximum | 1 | 6000 | ₹150,000 |
| S-HNI Minimum | 2 | 12000 | ₹300,000 |
City Crops Agro IPO Dates
The City Crops Agro IPO date is September 26 and the IPO close date is September 29. The IPO allotment date is October 5 and the IPO might list on October 10.
| IPO Open Date: | September 26, 2023 |
| IPO Close Date: | September 29, 2023 |
| Basis of Allotment: | October 5, 2023 |
| Refunds: | October 6, 2023 |
| Credit to Demat Account: | October 9, 2023 |
| IPO Listing Date: | October 10, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
City Crops Agro IPO Subscription Status
For the latest update on the City Crops Agro IPO, you can check this dedicated page for IPO subscription status.
City Crops Agro IPO Allotment Status
For the latest update on the City Crops Agro IPO, you can check this dedicated page for IPO allotment status.
City Crops Agro IPO Forms
For IPO form for the City Crops Agro IPO, you can check this dedicated page for IPO Forms.
City Crops Agro Company Financials
City Crops Agro Company Financials
Key Financials (2 Year Growth % p.a.)
FY21 FY22 FY23
Revenue (Rs Cr) 17.7 34.9 47.3 (66.1%)
EBIT (Rs Cr) 3.5 6.8 9.9 (28.6%)
PAT (Rs Cr) 2.0 4.1 6.2 (50.7%)
Net Worth (Rs Cr) 10.3 14.4 18.6 (25.9%)
Key Highlights
- Revenue has grown at a CAGR of 66.1% over the past 2 years.
- EBIT has grown at a CAGR of 28.6% over the past 2 years.
- PAT has grown at a CAGR of 50.7% over the past 2 years.
- Net worth has grown at a CAGR of 25.9% over the past 2 years.
Overall, City Crops Agro has a strong financial performance with a healthy growth rate and a good balance sheet.
Please note that City Crops Agro is a relatively small company, so its financial data is not as easily available as that of a large company. The above financials are based on data from publicly available sources, such as the company’s prospectus and news reports.
Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
City Crops IPO Pros & Cons
| Pros | Cons |
|---|---|
| Leading player in the agricultural trading industry in India | Faces competition from other established players |
| Long track record of profitability and growth | Business is cyclical and dependent on the overall economic conditions |
| IPO proceeds will be used to fund the company’s growth plans | Exposed to risks such as agricultural price volatility and changes in government regulations |
| Diversified product portfolio and a strong customer base | Relatively small company, so financial data is not as easily available as that of a large company |
| Additional thoughts: | Additional thoughts: |
| The City Crops Agro IPO is a small and medium-sized enterprise (SME) IPO. SME IPOs are typically riskier than IPOs of large companies. Investors should carefully consider the risks involved before making an investment decision. |
Company Promoters
- Mr. Kaupilkumar Hasmukhbhai Shah
- Mrs. Shitalben Kaupilkumar Shah
City Crops Agro IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Address
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 FAQs
The IPO is set to enter the market on September 26th and conclude on September 28th. The company aims to gather approximately ₹15 crores through this IPO.
The IPO will open on 26th September 2023.
The retail quota is 50% and HNI is 50%.
There are two ways to apply for the City Crops Agro IPO:
Through a broker: This is the most common way to apply for an IPO. You will need to open a demat account with a broker if you do not already have one. Once you have a demat account, you can contact your broker to place your IPO application.
Through ASBA: ASBA stands for Application Supported by Blocked Amount. This is a method of applying for an IPO where the funds for your application are blocked in your bank account until the IPO is allotted. To apply for an IPO through ASBA, you will need to have a bank account that supports ASBA.
Here are the steps on how to apply for the City Crops Agro IPO through a broker:
Log in to your broker’s website or mobile app.
Go to the IPO section and select the City Crops Agro IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Review your application and submit it.
If your application is successful, the funds for your application will be blocked in your bank account until the IPO is allotted. Once the IPO is allotted, the shares will be credited to your demat account.
Here are the steps on how to apply for the City Crops Agro IPO through ASBA:
Go to your bank’s website or mobile app.
Go to the ASBA section and select the City Crops Agro IPO.
Enter the number of shares you want to apply for and the price you are willing to pay.
Review your application and submit it.
Your bank will block the funds for your application in your bank account. Once the IPO is allotted, the shares will be credited to your demat account and the blocked funds will be released.