City Crops Agro IPO Details ( City Crops Agro Limited IPO Review )
(26 Sep 2023 – 29 Sep 2023)
City Crops Agro Limited started in 2013, previously known as Bhagya Agro-Care Private Limited. They’re in the business of trading products like seeds and agricultural stuff, mainly rice, wheat, onions, potatoes, tomatoes, isabgol, and pulses.
The company buys these products from manufacturers by paying them in advance and then sells them to their network of distributors. They also lease agricultural land to grow cucumbers, onions, and castor to meet market demand. Right now, they have about 47.31 acres of land for farming.
City Crops Agro is based in Ahmedabad, Gujarat, and has more than 8 employees.
In the fiscal year 2022, City Crops Agro made Rs. 1774.88 Lacs in revenue from operations, compared to Rs. 348.90 Lacs in 2021.
City Crops Agro Limited IPO Competitive Strength
- Organizational stability along with management expertise
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Wide range of Product
City Crops Agro IPO Financials Performance ( Results )
City Crops Agro Limited Financial Information (Restated Standalone)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 246.99 | 348.90 | 4.32 | 43.16 | 5.08 | 4.08 | 0.51 | |
| 31-Mar-22 | 1,298.96 | 1,775.69 | 48.41 | 0.75 | 1,077.14 | 10.44 | 45.50 | 5.01 |
| 31-Mar-23 | 1,357.09 | 962.72 | 61.31 | 1.13 | 1,138.49 | 11.58 | 106.81 | 2.01 |
Objective of City Crops Agro IPO Issue
- To meet the working capital requirements of the company
- General Corporate Purposes
- To meet the Issue Expenses
City Crops Agro IPO Basic Details
| IPO Date | Sep 26, 2023 to Sep 29, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹25 per share |
| Lot Size | 6000 Shares |
| Issue Size | 6,000,000 shares of ₹10 (aggregating up to ₹15.00 Cr) |
| Fresh Issue | 6,000,000 shares of ₹10 (aggregating up to ₹15.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,316,760 |
| Share holding post issue | 16,316,760 |
| Company Promoters | Mr. Kaupilkumar Hasmukhbhai Shah and Mrs. Shitalben Kaupilkumar Shah |
City Crops Agro IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
City Crops Agro IPO Timetable
City Crops Agro IPO will open on September 26, 2023 and close on September 29, 2023. You can join City Crops Agro IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 26 September 2023 (Tuesday) |
| Closing Date | 29 September 2023 (Friday) |
| Basis of Allotment | 5 October 2023 (Thursday) |
| Initiation of Refunds | 6 October 2023 (Friday) |
| Credit of Shares to Demat | 9 October 2023 (Monday) |
| Listing Date | 10 October 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 September 2023 |
City Crops Agro IPO Lot Size
For retail investors in City Crops Agro IPO, 6000 shares will come in 1 lot or the minimum investment will be ₹150,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹150,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 6000 | ₹150,000 |
| Retail (Max) | 1 | 6000 | ₹150,000 |
| S-HNI (Min) | 2 | 12,000 | ₹300,000 |
City Crops Agro IPO Promoter Holding
The company’s promoters include Mr. Kaupilkumar Hasmukhbhai Shah and Mrs. Shitalben Kaupilkumar Shah.
| Pre Issue Share Holding | 86.51% |
| Post Issue Share Holding | 54.70% |
City Crops Agro Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹1.13 per Equity Share |
| Net Asset Value (NAV) | ₹11.58 per Equity Share |
| P/E Ratio (P/E) (x) | 34.72 |
| Return on Net Worth (RoNW) (%) | 20.55 |
| Return on equity (ROE) (%) | Coming Soon |
| Return on Capital Employed (ROCE) (%) | Coming Soon |
| Debt/Equity Ratio | Coming Soon |
| Price/Book Value | 2.16 |
City Crops Agro Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | Book Value (₹) |
| CCAL | Consolidated | 10.00 | 1.13 | 22.03 | 9.98 | 11.58 |
| Peer Group | ||||||
| MK Exim (India) Ltd | Consolidated | 10.00 | 6.78 | 16.88 | 24.07 | 25.68 |
| Alstone Textiles (India) Ltd | Consolidated | 1.00 | 9 | 2.89 | 16.50 | 1.17 |
City Crops Agro IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 26 September 2023 | ₹0 | – | – |
| 25 September 2023 | ₹0 | – | – |
| 24 September 2023 | ₹0 | – | – |
| 23 September 2023 | ₹0 | – | – |
City Crops Agro IPO Detail Video:
City Crops Agro IPO Subscription Status (Bidding Detail)
The City Crops Agro IPO on September 29, 2023 at 7:30:00 PM was subscribed 3.47 times, with the retail category being subscribed 4.78 times, the NII (Non-Institutional Investor) category being subscribed 2.15 times.
| Category | Subscription |
| Other | 2.15x |
| Retail | 4.78x |
| Total | 3.47x |
City Crops Agro IPO Prospectus
| City Crops Agro IPO DRHP | Download |
| City Crops Agro IPO RHP | Download |
| City Crops Agro IPO Anchor Investors Details PDF | Download |
City Crops Agro IPO Rating
| Our Rating | 2.0/5.0 |
City Crops Agro Company Contact Information
City Crops Agro Limited
Registered Office: A-208, Titanium City Centre, Near Sachin Tower, 100 Ft Ring Road,
Satellite, Ahmedabad, Gujarat – 380015, India
Contact Person: Ms. Zalakben Chintan Gajjar, Company Secretary & Compliance Officer
Tel No: +91 9428714136
Email: cs@citycropagro.in
Website: www.citycropagro.in
Our Promoters: Mr. Kaupilkumar Hasmukhbhai Shah and Mrs. Shitalben Kaupilkumar Shah
City Crops Agro IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153A, 1st Floor, Okhla Industrial Area Phase-1, New Delhi-110020
Telephone: +91-11-40450193-197
Email: ipo@skylinerta.com
Contact Person: Mr. Pawan Singh Bisht
Website: www.skylinerta.com
SEBI Registration Number: INR000003241
CIN No: U74899DL1995PTC071324
City Crops Agro IPO Lead Manager
Turnaround Corporate Advisors Private Limited
Registered Office: 714, Vishwadeep Bulding, Plot No. 4, District Centre,
Janakpuri, New Delhi – 110058
Telephone: +91 -11-45510390, +91-11 41395590
Email: info@tcagroup.in
Contact Person: Mr. Heemadri Mukerjea
Website: https://tcagroup.in
Investor Grievance Email: complaints@tcagroup.in
SEBI Registration No: INM000012290
CIN No: U74140DL2015PTC278474
City Crops Agro IPO FAQs
What is the lot size of City Crops Agro IPO?
The total size of City Crops Agro IPO is ₹15 crores and this is a complete fresh Issue.
When will City Crops Agro IPO start?
City Crops Agro IPO will open from 26 September 2023 and IPO will close on 29 September 2023.
What is the open date of City Crops Agro IPO?
City Crops Agro IPO will open date from 26 September 2023.
What is the last date ( close date ) of City Crops Agro IPO?
City Crops Agro IPO will close from 29 September 2023.
What is the price band of City Crops Agro IPO?
City Crops Agro IPO price band is ₹25.
What is the minimum amount required to apply for City Crops Agro IPO?
The minimum investment for retailers to apply for City Crops Agro IPO is ₹150,000 and the maximum investment is ₹150,000.
What is going on gray market premium of City Crops Agro IPO?
View gray market premium of City Crops Agro IPO by Clicking Here
How much is the GMP of City Crops Agro IPO?
Watch City Crops Agro IPO GMP Today: Click Here
What is the allotment date of City Crops Agro IPO?
The allotment date of City Crops Agro IPO is 5 October 2023.
How to check allotment status in City Crops Agro IPO?
To check the allotment status of City Crops Agro IPO, first of all go to the registrar website by clicking here, select your bad City Crops Agro IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of City Crops Agro IPO?
The listing date of City Crops Agro IPO is 10 October 2023.
How much will be the listing gain in City Crops Agro IPO?
View listing gain of City Crops Agro IPO by Clicking Here
How much time City Crops Agro IPO is subscribed?
Total 3.47 times subscribed in City Crops Agro IPO out of which 4.78 times subscription was done in retail quota, 2.15 times subscription in other quota.
How to apply for City Crops Agro IPO from Upstox?
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How to apply for City Crops Agro IPO from Zerodha?
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How to apply for City Crops Agro IPO from Angle One?
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