City Crops Agro IPO GMP, Review, Price, Allotment

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Last updated on October 25, 2023

City Crops Agro IPO GMP

City Crops Agro IPO description – Incorporated in 2013, City Crops Agro is engaged in the business of trading products like seeds, and agricultural products mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. It has an integrated platform that includes products such as cereals, oil seeds, pulses, and vegetables. The company is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion, and Castor.

The company sources the agricultural products from the manufacturers through advance payment with labeling and then these products are sold to the network of distributors. In contract manufacturing, the company leases agricultural land 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.

The top-10 customers contribute to the majority of its sales constituting about 83.24% in FY 23, which saw a decrease from the FY 22 figures which stood at 92.05%. The company sourced the entire agricultural produce from the top 5 suppliers in FY 23 as compared to 97.41% being sourced in FY 22.

City Crops Agro is located in Ahmedabad, Gujarat and has over 8 employees.

City Crops Agro IPO

Promoters of City Crops Agro – Mr. Kaupilkumar Hasmukhbhai Shah, and Mrs. Shitalben Kaupilkumar Shah


City Crops Agro IPO Details

City Crops Agro IPO Dates26 – 29 Sep 2023
City Crops Agro IPO PriceINR 25 per share
Fresh issue60,00,000 shares
INR 15.0 crore
Offer For SaleNIL
Total IPO size60,00,000 shares
INR 15.0 crore
Minimum bid (lot size)6,000 shares
INR 150,000
Face Value INR 10 per share
Retail Allocation50%
Listing OnBSE SME

City Crops Agro Financial Performance

 FY 2021FY 2022FY 2023
Revenue3.4917.7524.61
Expenses3.4517.2023.26
Net income0.040.481.17
Figures in INR Crores unless specified otherwise

City Crops Agro Offer News


City Crops Agro Valuations & Margins

FY 2021FY 2022FY 2023
EPS43.160.751.13
PE ratio22.12
RONW (%)84.894.499.80
NAV10.4411.58
EBITDA (%)1.203.125.53
*Compiled by IPO Central from Prospectus

City Crops Agro IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
9 October 202338,000
7 October 202338,000
6 October 202338,000
5 October 2023310,000
4 October 2023310,000
3 October 2023310,000
2 October 2023310,000

City Crops Agro IPO Subscription – Live Updates

CategoryNIIRetailTotal
Shares Offered2,850,0002,850,0005,700,000
29 Sep 20232.264.733.50
28 Sep 20231.651.551.60
27 Sep 20231.510.661.09
26 Sep 20231.500.260.88

City Crops Agro IPO Allotment Status

City Crops Agro IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.


City Crops Agro IPO Dates & Listing Performance

IPO Opening Date26 September 2023
IPO Closing Date29 September 2023
Finalization of Basis of Allotment5 October 2023
Initiation of refunds6 October 2023
Transfer of shares to demat accounts9 October 2023
IPO Listing Date10 October 2023
Opening Price on BSE SMEINR 25.5 per share (up 2%)
Closing Price on BSE SMEINR 25.42 per share (up 1.68%)

City Crops Agro Offer Lead Manager

TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
714, Vishwadeep Building, Plot No. 4,
District Centre, Janak Puri, New Delhi – 110058
Phone: +91 -11-45510390, +91-11-41395590
Email[email protected]
Website: www.tcagroup.in


City Crops Agro Offer Registrar

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone: +91 22 2851 1022
Email: [email protected]
Website: www.skylinerta.com


City Crops Agro Contact Details

CITY CROPS AGRO LIMITED
5th floor -513, Spg Echelon,
Nr. Indraprasth Flats, Makarba, Ahmedabad-380053
Phone: +91 9428714136
E-mail: [email protected]
Website: www.citycropagro.in


IPO FAQs

What is City Crops Agro IPO offer size?

City Crops Agro offer size is INR INR 15.0 crores.

What is the City Crops Agro offer price band?

City Crops Agro public offer price is INR 25 per share.

What is the lot size of City Crops Agro public offer?

City Crops Agro offer lot size is 6,000 shares.

What is City Crops Agro IPO GMP today?

City Crops Agro IPO GMP today is INR 3 per share.

What is the City Crops Agro kostak rate today?

City Crops Agro kostak rate today is INR NA per application.

What is City Crops Agro Subject to Sauda rate today?

City Crops Agro Subject to Sauda rate today is INR 8,000 per application.

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