✓
Open
26 Sep 2023
✓
Close
29 Sep 2023
3
Allotment
—
✓
Listing
Tue, Oct 10, 2023
Price Band
₹25 per share
Issue Size
60,00,000 shares (agg. up to ₹15 Cr)
Lot Size
6,000 Shares
Listing Date
Tue, Oct 10, 2023
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
10-10-2023₹0Est. ₹25+0%
09-10-2023₹0Est. ₹25+0%
08-10-2023₹0Est. ₹25+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.28x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 14.03 | 12.99 | 2.47 |
| Total Income | 24.62 | 17.76 | 3.49 |
| Profit After Tax | 1.17 | 0.48 | 0.04 |
| NET Worth | 11.94 | 10.77 | 0.05 |
| Reserves and Surplus | 1.63 | 0.45 | 0.04 |
| Total Borrowing | 0.02 | 0.05 | 0.01 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Nirman Agri Genetics Ltd. | SME | ₹20.30 Cr | ₹99 | 14.93 | ₹101.30 | +2.32% | ₹40.50 (-0.12%) |
| Prospect Commodities Ltd. | SME | ₹7.48 Cr | ₹61 | 31.44 | ₹61.45 | +0.74% | ₹48.00 (-4.95%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements of the company | 11.25 |
| 2 | General Corporate Purposes | 3.45 |
About City Crops Agro IPO
Incorporated in 2013, City Crops Agro Limited, previously known as Bhagya Agro-Care Private Limited, is engaged in the business of trading products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. The company sources the agricultural products from the manufacturers by paying an advance payment with its labeling and then these products are sold to its network of distributors. In contract manufacturing, the company leases agricultural land on lease 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. City Crops Agro is located in Ahmedabad, Gujarat, and employes over 8 employees. City Crops Agro recorded Rs. 1774.88 Lacs and Rs. 348.90 Lacs in revenue from operations in fiscal 2022 and 2021 respectively.+ Read More
Contact Details
City Crops Agro Ltd. AddressA-208, Titanium City CentreNear Sachin Tower100 Ft Ring Road, SatelliteAhmedabad, Gujarat, 380015+91 9428714136cs@citycropagro.inVisit Website