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City Crops Agro Limited IPO

City Crops Agro Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 25.50 (+2.00%)

Following its successful public offering, City Crops Agro Limited's made its market debut on 10-10-2023 and is now actively traded on the BSEplatform. The IPO mobilized 60,00,000 Shares in total capital, including 60,00,000 Shares in primary equity infusion.

The offering was structured with a price band of ₹25 to ₹25 and minimum investment lots of 6000 shares. Investor participation during the subscription window from 26-09-2023 to 29-09-2023 demonstrated market confidence in the company's prospects.

The allotment process concluded on 05-10-2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

City Crops IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
City Crops IPO Key Performance Indicator
Company Financials ( In Lakhs. )

City Crops IPO About Company

Incorporated in 2013, City Crops Agro Limited (formerly Bhagya Agro-Care Private Limited) is an Ahmedabad-based company engaged in trading agricultural products like seeds, rice, wheat, onions, potato, tomato, isabgol and pulses. The company procures products directly from manufacturers with advance payments and sells them under its own label through a distributor network. It also does contract farming by leasing agricultural land (currently around 47 acres) to cultivate crops like cucumber, onion and castor to meet market demand. City Crops Agro employs over 8 people and reported revenue from operations of ₹348.90 lakhs in FY21 and ₹1,774.88 lakhs in FY22.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


City Crops IPO Strength Factors

NA


City Crops IPO Risk Factors

NA


City Crops IPO Lead Manager(s)

  • Turnaround Corporate Advisors Private Limited

City Crops IPO Promoter(s)

  1. Mr. Kaupilkumar Hasmukhbhai Shah
  2. Mrs. Shitalben Kaupilkumar Shah

City Crops IPO Company Details

City Crops Agro Limited
Phone:
address:

City Crops IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

City Crops IPO FAQs