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.
Crop Life Science IPO Details
Crop Life Science IPO is a Fixed Price Issue. The IPO total issue size is Rs 26.73 Cr. The Crop Life Science IPO price is ₹52 per share. The IPO will list on NSE SME.
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,140,000 shares (aggregating up to ₹26.73 Cr) |
| Fresh Issue | 5,140,000 shares (aggregating up to ₹26.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,000,000 |
| Share holding post issue | 17,140,000 |
| Market Maker portion | 260,000 shares Nikunj Stock Brokers |
Crop Life Science IPO Reservation
| Other Shares Offered | 50% |
| Retail Shares Offered | Not less than 50.00% of the Offer |
Crop Life Science IPO Timetable (Tentative)
Crop Life Science IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
|
Basis of Allotment |
Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Crop Life Science IPO Lot Size
The minimum lot size of this Crop Life Science IPO is 2000 shares required is ₹104,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
| Lot Size Calculator |
Crop Life Science IPO Promoter Holding
Mr. Rajesh Lunagariya and Mr. Ashvinkumar Lunagaria are the company’s promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.01% |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 7,645.16 | 8,630.18 | 9,457.75 | 10,471.64 |
| Revenue | 13,531.18 | 11,950.18 | 10,238.92 | 12,323.43 |
| Profit After Tax | 323.00 | 370.46 | 281.41 | 436.66 |
| Net Worth | 2,925.61 | 3,287.06 | 3,526.33 | 4,038.51 |
| Reserves and Surplus | 1,770.01 | 2,114.88 | 2,401.86 | 2,838.51 |
| Total Borrowing | 1,594.40 | 1,747.29 | 2,093.03 | 2,682.32 |
Amount in ₹ Lakhs
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 IPO Review (Apply)
[Dilip Davda] The company is operating in a highly competitive segment. It marked a setback in FY22 following the fire incident. Now it is on a fast track as indicated by the 11M-FY23 performance. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may consider parking funds for the medium to long-term rewards. Read detail review…
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/