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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹15.00 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹15.00 Cr |
| Fresh Issue | ₹14.25 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹25.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544000 |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Turnaround Corporate Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 6,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements of the company | 11.25 |
| 2 | General Corporate Purposes | 3.45 |
| 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 | |||
| KPI | |
|---|---|
| RoNW | 9.80% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.13 | |
| P/E (x) | 22.03 | 34.72 |
| Promoter Holding | 86.51% | 54.70% |
| Market Cap | ₹40.79 Cr. | |
