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Crop Life Science IPO is a fixed price issue of ₹26.73 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹26.73 crore.
Crop Life Science IPO bidding started from Aug 18, 2023 and ended on Aug 22, 2023. The allotment for Crop Life Science IPO was finalized on Aug 25, 2023. The shares got listed on NSE SME on Aug 30, 2023.
Crop Life Science IPO price is ₹52.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,08,000.
Interactive Financial Services Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Crop Life Science IPO RHP for detailed Information.
| IPO Date | August 18, 2023 to August 22, 2023 |
| Listing Date | August 30, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,40,000 shares (aggregating up to ₹26.73 Cr) |
| Reserved for Market Maker | 2,60,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.35 Cr) |
| Net Offered to Public | 48,80,000 shares (aggregating up to ₹25.38 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,20,00,000 shares |
| Share Holding Post Issue | 1,71,40,000 shares |
Crop Life Science IPO offers total 51,40,000 shares. Out of which 24,40,000 (47.47%) allocated to NII, 24,40,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,60,000 (5.06%) |
| NII (HNI) Shares Offered | 24,40,000 (47.47%) |
| Retail Shares Offered | 24,40,000 (47.47%) |
| Total Shares Offered | 51,40,000 (100.00%) |
Crop Life Science IPO opens on August 18, 2023, and closes on August 22, 2023.
| IPO Open Date | Fri, Aug 18, 2023 |
| IPO Close Date | Tue, Aug 22, 2023 |
| Tentative Allotment | Fri, Aug 25, 2023 |
| Initiation of Refunds | Mon, Aug 28, 2023 |
| Credit of Shares to Demat | Tue, Aug 29, 2023 |
| Tentative Listing Date | Wed, Aug 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 22, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,04,000 |
| Retail (Max) | 1 | 2,000 | ₹1,04,000 |
| HNI (Min) | 2 | 4,000 | ₹2,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Crop Life Science Limited is engaged in the business of manufacturing, distributing, and marketing agrochemical formulations.
The company manufactures Agriculture chemicals such as Micro fertilizers and pesticides which includes Insecticides, Fungicides, Herbicides, and Weedicides. Its manufacturing unit is located at GIDC Ankleshwar, Gujarat, spanning 5831.10 Square Meters. The company exports its products to Indonesia, Bangladesh, Egypt, Myanmar, Vietnam, Sudan and other countries.
Crop Life Science's products are registered with the Central Insecticides Board ("CIB"), and approved by the Directorate of Agriculture, Government of Gujarat, and the Gujarat Pollution Control Board ("GPCB").
The company's product portfolio includes more than 85 agro-chemical products.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 7,645.16 | 8,630.18 | 9,457.75 | 10,471.64 |
| Total Income | 13,531.18 | 11,950.18 | 10,238.92 | 12,323.43 |
| Profit After Tax | 323.00 | 370.46 | 281.41 | 436.66 |
| Net Worth | 2,925.61 | 3,287.06 | 3,526.33 | 4,038.51 |
| Reserves and Surplus | 1,770.01 | 2,114.88 | 2,401.86 | 2,838.51 |
| Total Borrowing | 1,594.40 | 1,747.29 | 2,093.03 | 2,682.32 |
| KPI | Values |
|---|---|
| ROE | 11.54% |
| ROCE | 18.63 |
| Debt/Equity | 0.68 |
| RoNW | 10.81% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. It marked a setback in FY22 following the fire incident. Now it is on a fast track as indicated by the 11M-FY23 performance. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may consider parking funds for the medium to long-term rewards. Read detail review...
| Listing Date | August 30, 2023 |
| BSE Script Code | |
| NSE Symbol | CLSL |
| ISIN | INE00NH01017 |
| Final Issue Price | ₹52 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹55.95 |
| Low | ₹53.15 |
| High | ₹55.95 |
| Last Trade | ₹53.15 |
Crop Life Science Ltd.
209,
Near Judges Bunglow Cross Road,
Bodakdev,
Ahmedabad, Gujarat, 380015
Phone: 079-40373967
Email: cs@croplifescience.com
Website: https://croplifescience.com/cropelife/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Crop Life Science IPO is a SME IPO of 51,40,000 equity shares of the face value of ₹10 aggregating up to ₹26.73 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on August 18, 2023, and closes on August 22, 2023.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Crop Life Science IPO using UPI as a payment gateway. Zerodha customers can apply in Crop Life Science IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Crop Life Science IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Crop Life Science IPO opens on August 18, 2023 and closes on August 22, 2023.
Crop Life Science IPO lot size is 2000, and the minimum amount required for application is ₹1,04,000.
You can apply in Crop Life Science IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Crop Life Science IPO will be done on Friday, August 25, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 29, 2023. Check the Crop Life Science IPO allotment status.
The Crop Life Science IPO listing date is on Wednesday, August 30, 2023.
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