Crop Life Science IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Crop Life Science IPO will open on August 18 and close on August 22, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 26.73 crore through this public offering, consisting of 51.40 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 52 per share.
Crop Life Science Limited (“the Company”)
Crop Life Science Limited was incorporated in 2006. Since the commencement of business, the company has been an agrochemical company engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations.
They commenced the manufacturing activities of Pesticides and Micro fertilizer in 2006-07. In 2012, the company started exporting pesticides to Indonesia. Over a period of time, they have started exporting to Bangladesh, Egypt, Myanmar, Vietnam, Sudan, and other countries.
With the aim of offering a wide product portfolio across the agri-value chain, they continue to expand their product portfolio by introducing new products. In 2007, the company started production of more than 25 different ranges of agrochemical products. Subsequently, the company keeps on adding agrochemical products year after year to our product portfolio.
As of date, the company has 133 trademark registrations under different classes or categories for its branded products, including our logo, and 19 trademark applications under different classes or categories that are in various stages of processing.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Working capital requirement,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 4,038.51 | 3,526.33 | 3,287.06 | 2,925.61 |
| Total Assets | 10,471.64 | 9,457.75 | 8,630.18 | 7,645.16 |
| Reserve & Surplus | 2,838.51 | 2,401.86 | 2,114.88 | 1,770.01 |
| Total Borrowings | 2,682.32 | 2,093.03 | 1,747.29 | 1,594.40 |
| Total Revenue | 12,323.43 | 10,238.92 | 11,950.18 | 13,531.18 |
| Profit After Tax | 436.66 | 281.41 | 370.46 | 323.00 |
IPO details
As per the DRHP filed with SEBI, 51.40 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 2.60 lakh shares of the offering. While Interactive Financial Services Ltd will be the lead manager for the IPO, Purva Sharegistry India Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 52 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 shares |
| Issue Size | 5,140,000 shares (aggregating up to ₹ 26.73 crores) |
| Fresh Issue | 5,140,000 shares (aggregating up to ₹ 26.73 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Nikunj Stock Brokers |
| Market maker portion | 260,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% |
| Retail shares offered | Not less than 50.00% of the Offer |
GMP: Crop Life Science IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Crop Life Science IPO
The issue opens for subscription on August 18, 2023, and closes for subscription on August 22, 2023 (both days inclusive). The basis of allotment will be finalised on August 25, 2023, and the refunds will be initiated on August 28, 2023. In addition, the demat credits are expected to happen on August 29, 2023, and the stock will be listed on the NSE SME on August 30, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 18, 2023, |
| Closing Date | August 22, 2023 |
| Basis of Allotment | August 25, 2023 |
| Initiation of Refunds | August 28, 2023 |
| A credit of shares to Demat A/c | August 29, 2023 |
| Listing Date | August 30, 2023 |
Lot Size
The lot size of the Crop Life Science IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 104,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 104,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 104,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 208,000 |
Promoters Holdings
Mr. Rajesh Lunagariya and Mr. Ashvinkumar Lunagaria are the promoters of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 70.01% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| 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/ |
| IPO Registrar | Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/ |
| IPO Lead Manager(s) | Interactive Financial Services Ltd |
FAQs
The Crop Life Science IPO price is ₹ 52 per share.
The minimum investment size is one lot for retail investors. One lot of the Crop Life Science IPO contains 2,000 shares of ₹ 104,000.
The finalisation of the basis of allotment for the Crop Life Science IPO will be done on August 25, 2023, and the allotted shares will be credited to your demat account by August 29, 2023. Check the Crop Life Science IPO allotment status.
The Crop Life Science IPO shares listing date is August 30, 2023.
