Established in 2006, Crop Life Science Limited is a dynamic player operating within the realm of agrochemical formulations. Their core business encompasses the manufacturing, distribution, and strategic marketing of a diverse array of agrochemical solutions.
At the heart of Crop Life Science’s operational prowess lies their adeptness in the fabrication of essential agricultural chemicals. This includes the production of Micro fertilizers and pesticides, encompassing a comprehensive spectrum that ranges from Insecticides and Fungicides to Herbicides and Weedicides. The epicenter of their manufacturing endeavors is a state-of-the-art facility situated within the GIDC Ankleshwar in Gujarat, sprawling across an expansive expanse of 5831.10 Square Meters.
The company extends its reach far beyond national boundaries, making its mark in the global arena through the export of its products. These international ventures span countries such as Indonesia, Bangladesh, Egypt, Myanmar, Vietnam, Sudan, and several others.
A hallmark of Crop Life Science’s dedication to quality is the meticulous registration of their products with the esteemed Central Insecticides Board (CIB). Additionally, their offerings have garnered the coveted stamp of approval from both the Directorate of Agriculture, Government of Gujarat, and the Gujarat Pollution Control Board (GPCB).
Diversification and innovation stand as prominent features of Crop Life Science’s product repertoire, boasting an impressive portfolio of over 85 distinct agrochemical products. Their unwavering commitment to delivering effective solutions is echoed through this extensive selection, catering to the nuanced needs of the agricultural sector.
Crop Life Science IPO Details #
Crop Life Science IPO is a Fixed Price Issue. The IPO total issue size is Rs 26.73 Cr. The Crop Life Science IPO price is ₹52 per share. The IPO will list on NSE SME.
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹52 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,140,000 shares (aggregating up to ₹26.73 Cr) |
| Fresh Issue | 5,140,000 shares (aggregating up to ₹26.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,000,000 |
| Share holding post issue | 17,140,000 |
| Market Maker portion | 260,000 shares Nikunj Stock Brokers |
Crop Life Science IPO Reservation #
Crop Life Science IPO a total of 5,140,000 shares are offered. RII: 2,440,000 (47.47%), NII: 2,440,000 (47.47%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 260,000 (5.06%) |
| Other Shares Offered | 2,440,000 (47.47%) |
| Retail Shares Offered | 2,440,000 (47.47%) |
| Total Shares Offered | 5,140,000 (100%) |
Crop Life Science IPO Timetable (Tentative) #
Crop Life Science IPO opens on Aug 18, 2023, and closes on Aug 22, 2023.
| IPO Open Date | Friday, 18 August 2023 |
| IPO Close Date | Tuesday, 22 August 2023 |
| Basis of Allotment | Friday, 25 August 2023 |
| Initiation of Refunds | Monday, 28 August 2023 |
| Credit of Shares to Demat | Tuesday, 29 August 2023 |
| Listing Date | Wednesday, 30 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 22, 2023 |
Crop Life Science IPO Lot Size #
The minimum lot size of this Crop Life Science IPO is 2000 shares required is ₹104,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
| Lot Size Calculator | |||
Crop Life Science IPO Promoter Holding #
Mr. Rajesh Lunagariya and Mr. Ashvinkumar Lunagaria are the company’s promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.01% |
Company Financials #
| 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 |
| Revenue | 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 |
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 14.29 |
| ROE | 11.54% |
| ROCE | 18.63 |
| Debt/Equity | 0.68 |
| EPS (Rs) | 3.64 |
| RoNW | 10.81% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirement,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Crop Life Science IPO Subscription Status (Bidding Detail) #
The Crop Life Science IPO is subscribed 4.36 times on Aug 22, 2023 7:27:00 PM. The public issue subscribed 7.15 times in the retail category, times in the QIB category, and 1.56 times in the NII category.
| Category | Subscription (times) |
|---|---|
| Other | 1.56 |
| Retail | 7.15 |
| Total | 4.36 |
Total Application : 8,718 (7.15 times)
Crop Life Science IPO Prospectus #
Company Contact Information #
209,
Near Judges Bunglow Cross Road,
Bodakdev, Ahmedabad – 380015
Phone: 079-40373967
Email: cs@croplifescience.com
Website: https://croplifescience.com/cropelife/
Crop Life Science IPO Registrar #
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com
Crop Life Science IPO Lead Manager(s) #
FAQs #
What is the total issue size of the Crop Life Science IPO? #
The total issue size of the Crop Life Science IPO is 5,140,000 shares, aggregating up to ₹26.73 Crores.
How many shares are offered to retail investors and other investors in the Crop Life Science IPO? #
The issue offers 2,440,000 shares to both retail investors and other investors.
When did Crop Life Science Limited announce its IPO plans? #
Crop Life Science Limited announced its plans to go public with an IPO on August 18.
Please note that for more accurate and up-to-date details, it’s recommended to refer to the official sources and resources.
