Crop Life Science Limited IPO Detail
Incorporated in 2006, Crop Life Science Limited is engaged in the business of manufacturing, distributing, and marketing agrochemical 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.
Company Promoters
Mr. Rajesh Lunagariya and Mr. Ashvinkumar Lunagaria are the company's promoters.IPO Details
| IPO Opening Date | Aug 18, 2023 |
| IPO Closing Date | Aug 22, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹26.73 Cr |
| Fresh Issue | 5,140,000 shares (aggregating up to ₹26.73 Cr) |
| Offer for Sale | - |
| Retail Portion | 50.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 2 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 3 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 4 | - | - | 0.16x | 1.50x | 0.83x | |
| Day 5 | - | - | 0.71x | 3.94x | 2.33x | |
| Day 6 | - | - | 1.56x | 7.03x | 4.30x |
IPO Tentative Timetable
The Crop Life Science Limited IPO open date is Aug 18, 2023, and the close date is Aug 22, 2023. The issue may list on Aug 30, 2023.
| IPO Open Date | Aug 18, 2023 |
| IPO Close Date | Aug 22, 2023 |
| Basis of Allotment Date | Aug 25, 2023 |
| Initiation of Refunds | Aug 28, 2023 |
| Credit of Shares to Demat Account | Aug 29, 2023 |
| IPO Listing Date | Aug 30, 2023 |
IPO Lot Size
The Crop Life Science Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹104000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹104000 |
| Maximum | 1 | 2000 | ₹104000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.01% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 9457.75 | 10238.92 | 281.41 |
| 31-Mar-23 | 10471.64 | 12323.43 | 436.66 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirement,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Crop Life Science Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Crop Life Science Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Crop Life Science Limited
209, Near Judges Bunglow Cross Road, Bodakdev
Ahmedabad
Gujarat
