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SME IPO Status: Listed [26th Sep 2023 to 29th Sep 2023]
City Crops Agro Limited is offering an SME IPO issue size of 60,00,000 shares worth of Rs 15 Cr. The subscription period for this IPO is from Sept 26, 2023 to Oct 3, 2023. The face value of the shares is Rs 10 per share and the issue price is fixed at Rs 25 per share and the minimum lot size is 6000 shares or its multiples.
Stay tuned for more information on City Crops Agro Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 26th Sep 2023 |
| SME IPO Issue Closing Date: | 29th Sep 2023 |
| SME IPO Issue Price: | ₹25.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹15.00 Cr |
| Fresh Issue: | ₹15.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 86.51% |
| Promoter Holding Post IPO: | 54.70% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544000 |
Get important updates regarding City Crops Agro SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Oct 2023 |
| Refunds Initiation* | 6th Oct 2023 |
| Credit of Shares to Demat* | 9th Oct 2023 |
| SME IPO Listing Date* | 10th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹25.00 |
| Market Lot: | 6000 Shares |
| 1 Lot Amount: | ₹150000 |
| Min HNI Lots: | 12000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 10-10-2023 | 25.00 | 0 | -- | ₹25 (0%) | 10-Oct-2023 10:27 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
City Crops Agro Limited was established in April 2013. The company deals in products such as seeds, agricultural produce, especially rice, wheat, onions, potatoes, tomatoes, isabgol and pulses. It has an integrated online platform that includes products such as grains, oilseeds, pulses and vegetables. The company also engages in contract manufacturing of agricultural products such as cucumbers, onions and castor beans.
The company sources agricultural products from growers by making an advance payment with their labeling and then selling these products to its network of distributors. Thank you to its decades-long presence in the market, the company has established close relationships with both farmers and wholesalers and retailers.
For contract manufacturing, the company leases farmland and grows cucumbers, onions and castor beans to meet market demand. As a result, the company has control over the entire process and receives farm produce at lower prices than the market. A portion of the yield is shared with farmers who cultivate the leased land on a contractual basis, benefiting local agriculture. The company currently has about 47.31 hectares of land for agricultural production.
| Incorporation | Sector | IPO Issue Size | Website |
| 2013 | Trading agricultural raw materials | ₹15.00 Cr | https://citycropagro.in/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,850,000 (50%) | 2,850,000 (50%) | 5,700,000 | |
| 1 | 26th Sep 2023 19:04 | 1.50x | 0.26x | 0.88x |
| 2 | 27th Sep 2023 19:04 | 1.41x | 0.66x | 1.03x |
| 3 | 28th Sep 2023 19:04 | 1.54x | 1.52x | 1.53x |
| 4 | 29th Sep 2023 19:04 | 2.15x | 4.78x | 3.47x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 246.99 | 1,298.96 | 1,402.71 |
| Revenue | 348.90 | 1,775.69 | 2,462.50 |
| Profit After Tax | 4.32 | 48.41 | 117.08 |
| Net Worth | 5.08 | 1,077.14 | 1,194.25 |
| Reserves and Surplus | 4.08 | 45.50 | 162.57 |
| Total Borrowing | 0.51 | 5.01 | 2.01 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| City Crops Agro Limited | 1.13 | 1.13 | 22.03 | 9.8 | ||
| MK Exim (India) Ltd | 6.78 | 6.78 | 16.88 | 24.07 | ||
| Alstone Textiles (India) Ltd | 9 | 9 | 2.89 | 16.5 |
Last Updated on 14-Oct-2023 06:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase City Crops Agro SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply City Crops Agro SME IPO with Zerodha.
Alternate approch to apply in City Crops Agro SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
City Crops Agro SME IPO Review and Important Updates
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To subscribe or apply in City Crops Agro SME IPO, you can use the following methods:
| City Crops Agro SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in City Crops Agro SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in City Crops Agro SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in City Crops Agro SME IPO. Most of the Syndicate Banks provide access to apply in City Crops Agro IPO via ASBA process. You must have your net banking access, DP ID information to apply in City Crops Agro SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in City Crops Agro SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
City Crops Agro SME IPO Review and Important Updates
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City Crops Agro SME IPO is going to be list on 10-10-2023. BSE Code for City Crops Agro is 544000.
Other relevant questions:
When City Crops Agro SME IPO will be listing? City Crops Agro SME IPO BSE listing date?City Crops Agro SME IPO date of listing
City Crops Agro SME IPO Allotment Date is 05-10-2023.
Other relevant questions:
City Crops Agro SME IPO share allotment date?City Crops Agro SME IPO allotment date?
