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.
Promoters of City Crops Agro – Mr. Kaupilkumar Hasmukhbhai Shah, and Mrs. Shitalben Kaupilkumar Shah
Table of Contents
City Crops Agro IPO Details
| City Crops Agro IPO Dates | 26 – 29 Sep 2023 |
| City Crops Agro IPO Price | INR 25 per share |
| Fresh issue | 60,00,000 shares INR 15.0 crore |
| Offer For Sale | NIL |
| Total IPO size | 60,00,000 shares INR 15.0 crore |
| Minimum bid (lot size) | 6,000 shares INR 150,000 |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
City Crops Agro Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 3.49 | 17.75 | 24.61 |
| Expenses | 3.45 | 17.20 | 23.26 |
| Net income | 0.04 | 0.48 | 1.17 |
City Crops Agro Offer News
- City Crops Agro RHP
- City Crops Agro Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
City Crops Agro Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 43.16 | 0.75 | 1.13 |
| PE ratio | – | – | 22.12 |
| RONW (%) | 84.89 | 4.49 | 9.80 |
| NAV | – | 10.44 | 11.58 |
| EBITDA (%) | 1.20 | 3.12 | 5.53 |
City Crops Agro IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 9 October 2023 | 3 | – | 8,000 |
| 7 October 2023 | 3 | – | 8,000 |
| 6 October 2023 | 3 | – | 8,000 |
| 5 October 2023 | 3 | – | 10,000 |
| 4 October 2023 | 3 | – | 10,000 |
| 3 October 2023 | 3 | – | 10,000 |
| 2 October 2023 | 3 | – | 10,000 |
City Crops Agro IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 2,850,000 | 2,850,000 | 5,700,000 |
| 29 Sep 2023 | 2.26 | 4.73 | 3.50 |
| 28 Sep 2023 | 1.65 | 1.55 | 1.60 |
| 27 Sep 2023 | 1.51 | 0.66 | 1.09 |
| 26 Sep 2023 | 1.50 | 0.26 | 0.88 |
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 Date | 26 September 2023 |
| IPO Closing Date | 29 September 2023 |
| Finalization of Basis of Allotment | 5 October 2023 |
| Initiation of refunds | 6 October 2023 |
| Transfer of shares to demat accounts | 9 October 2023 |
| IPO Listing Date | 10 October 2023 |
| Opening Price on BSE SME | INR 25.5 per share (up 2%) |
| Closing Price on BSE SME | INR 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:Â [email protected]
Website:Â 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:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â 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.
