The City Crops Agro IPO date has been set. The IPO will begin on September 26 and end on September 29. City Crops Agro is a BSE SME IPO seeking to raise Rs. 15.00 crores through an IPO. The price band for the City Crops Agro IPO is set at 25, with a market lot of 6000 shares.
City Crops Agro is in the business of trading seeds and agricultural products, primarily rice, wheat, onions, potatoes, tomatoes, isabgol, and pulses. They have a unified web platform that comprises cereals, oil seeds, pulses, and vegetables. The firm also does contract manufacturing for agricultural products like cucumber, onion, and castor. The corporation obtains agricultural items from producers by paying an advance payment with their labelling, and then sells these products to their distribution network. Because
they have been in the business for decades, they have developed good relationships with both farmers and the wholesaler/retailer community. To meet market demand, the company rents agricultural land and cultivates Cucumber, Onions, and Castor in contract manufacturing.
This provides the corporation control over the entire process and allows it to obtain agricultural produce at a lower cost than the market. A portion of the production is shared with the farmers who labour on the leased property on a contractual basis, which benefits the local farmers’ community. The company currently owns around 47.31 acres of agricultural property.
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 |
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 |
Objects of the Issue:
- To meet the working capital requirements of the company.
- General Corporate Purposes.
- To meet the Issue Expenses.
City Crops Agro IPO Review
- To be updated soon
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 |
City Crops Agro IPO Form
How to apply City Crops Agro IPO? –> You can apply for City Crops Agro IPO using ASBA from your bank account. Simply log in to your online bank account and apply through your bank account by selecting the City Crops Agro IPO under the Invest section. Another alternative is to apply for City Crops Agro IPO using IPO forms downloaded from the BSE website. Examine the City Crops Agro forms.
City Crops Agro Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹34.89 | ₹34.47 | ₹0.43 |
| 2022 | ₹177.57 | ₹172.02 | ₹4.84 |
| 2023 | ₹246.25 | ₹232.64 | ₹11.71 |
City Crops Agro IPO Valuation – FY2023
Check City Crops Agro IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.13 per Equity Share |
| Price/Earning P/E Ratio: | 22.03 |
| Return on Net Worth (RoNW): | 9.80% |
| Net Asset Value (NAV): | ₹11.58 per Equity Share |
Peer Group
- MK Exim (India) Ltd
- Alstone Textiles (India) Ltd
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 Lead Managers aka Merchant Bankers
- Turnaround Corporate Advisors Private Limited
City Crops Agro IPO FAQs:
Q1. What is City Crops Agro IPO?
Ans. City Crops Agro IPO is an BSE SME IPO. They are going to raise ₹15.00 Crores via IPO. The issue is priced at ₹25 per equity share. The IPO is to be listed on BSE.
Q2. When City Crops Agro IPO will open?
Ans. The IPO is to open on September 26, 2023 for QIB, NII, and Retail Investors.
Q3. What is City Crops Agro IPO Investors Portion?
Ans. The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
Q4. How to Apply the City Crops Agro IPO?
Ans. 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.
Q5. How to Apply the City Crops Agro IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “City Crops Agro”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the City Crops Agro IPO through Upstox?
Ans. Log in to Upstox 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 Upstox.
Q7. How to Apply the City Crops Agro IPO through Paytm Money?
Ans. Log in to Paytm Money 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 Paytm Money.
Q8. What is City Crops Agro IPO Size?
Ans. City Crops Agro IPO size is ₹15.00 crores.
Q9. What is City Crops Agro IPO Price Band?
Ans. City Crops Agro IPO Price Band is ₹25 per equity share.
Q10. What is City Crops Agro IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 6000 shares with ₹150,000.
Q11. What is City Crops Agro IPO Allotment Date?
Ans. City Crops Agro IPO allotment date is October 5, 2023.
Q12. What is City Crops Agro IPO Listing Date?
Ans. City Crops Agro IPO listing date is October 10, 2023. The IPO to list on BSE SME.
