City Crops Agro Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹25 - ₹25
- Lot size
- 6,000 shares
- Issue amount
- ₹15 cr
- Total subscription
- 3.52×
- Opens
- 26 Sept 2023
- Closes
- 29 Sept 2023
- Allotment
- 5 Oct 2023
- Listing
- 10 Oct 2023
Offer at a glance
Issue overview
- Issue size
- 60,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,50,000
- Fresh issue
- ₹15 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,50,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,03,16,760
- Shares after issue
- 1,63,16,760
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 6,000 | ₹1,50,000 |
| HNI | 2 | 12,000 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 7.12 | 34.03 |
| NIB | 7.12 | 16.12 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 1.13 |
| ROE | 0 |
| ROCE | 0 |
| RONW | 9.8 |
| PRE IPO(PE) | 22.03 |
| POST IPO(PE) | 34.72 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2013, City Crops Agro Limited (formerly Bhagya Agro-Care Private Limited) is an Ahmedabad-based company engaged in trading agricultural products like seeds, rice, wheat, onions, potato, tomato, isabgol and pulses. The company procures products directly from manufacturers with advance payments and sells them under its own label through a distributor network. It also does contract farming by leasing agricultural land (currently around 47 acres) to cultivate crops like cucumber, onion and castor to meet market demand. City Crops Agro employs over 8 people and reported revenue from operations of ₹348.90 lakhs in FY21 and ₹1,774.88 lakhs in FY22.
Promoters
Mr. Kaupilkumar Hasmukhbhai Shah
Mrs. Shitalben Kaupilkumar Shah
Registrar & documents
Lead manager
Turnaround Corporate Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-208, Titanium City Centre, Near Sachin Tower, 100 Ft Ring Road, Satellite, Ahmedabad – 380015
+91 9428714136
[email protected]Company website ↗Understanding CCAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.