Fixed Price IPO | ₹27 Cr | Listed at NSE SME | Fri, Aug 18, 2023 - Tue, Aug 22, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Aug 18, 2023
IPO Close
Tue, Aug 22, 2023
Issue Price
₹52 per share
Market Cap (Pre-IPO)
₹89.13 Cr
| IPO Date | 18 to 22 Aug, 2023 |
| Listed on | Wed, Aug 30, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹52 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 51,40,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,60,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 48,80,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 48,80,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,20,00,000 shares |
| Share Holding Post Issue | 1,71,40,000 shares |
| NSE Symbol | CLSL |
| ISIN | INE00NH01017 |
Crop Life Science IPO comprises a total issue size of 51,40,000 shares. The net offer to the public is 48,80,000 shares, after excluding 2,60,000 shares allotted on a firm basis. Of the Net offer 24,40,000 (50.00%) allocated to NII 24,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,40,000 | 50.00% | 47.47% |
| Retail Shares Offered | 24,40,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,60,000 | 5.06% | |
| Total Shares Offered | 51,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 104.72 | 94.58 | 86.30 | 76.45 |
| Total Income | 123.23 | 102.39 | 119.50 | 135.31 |
| Profit After Tax | 4.37 | 2.81 | 3.70 | 3.23 |
| NET Worth | 40.39 | 35.26 | 32.87 | 29.26 |
| Reserves and Surplus | 28.39 | 24.02 | 21.15 | 17.70 |
| Total Borrowing | 26.82 | 20.93 | 17.47 | 15.94 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of unsecured Loan | 0.70 |
| 2 | Long-Term Working Capital Requirement | 19.00 |
| 3 | General Corporate Purposes | 6.50 |
| KPI | |
|---|---|
| ROE | 11.54% |
| ROCE | 18.63 |
| Debt/Equity | 0.68 |
| RoNW | 10.81% |
| PAT Margin | 2.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.64 | |
| P/E (x) | 14.29 | |
| Promoter Holding | 100.00% | 70.01% |
| Market Cap | ₹89.13 Cr. |
The Crop Life Science IPO is subscribed 4.36 times on August 22, 2023 7:27:00 PM (Day 3). The public issue subscribed 7.15 times in the retail category, [.] times in the QIB category, and 1.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.56 | 24,40,000 | 38,12,000 |
| Retail | 7.15 | 24,40,000 | 1,74,36,000 |
| Total | 4.36 | 48,80,000 | 2,12,76,000 |
Total Application : 8,718
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.25 |
| 2 | Brokerage, selling commission and Marketing | 0.04 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Advertising and marketing expenses | 0.01 |
| 6 | Regulators including stock exchanges | 0.12 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (Market Making fees etc.) | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹52.00 |
| Open | ₹55.95 |
| Low | ₹53.15 |
| High | ₹55.95 |
| Last Trade | ₹53.15 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Crop Life Science IPO is a SME IPO of 51,40,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Aug 18, 2023, and closes on Tue, Aug 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 Fri, Aug 18, 2023 and closes on Tue, Aug 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 Tue, Aug 29, 2023. Check the Crop Life Science IPO allotment status.
The Crop Life Science IPO listing date is on Wed, Aug 30, 2023.
