City Crops Agro Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Sep 2023

Close Date

29 Sep 2023

Allotment

05 Oct 2023

Listing Date

10 Oct 2023

Exchange

BSE SME

Price Band

₹25

Listing Price

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Allotment Status

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Price Band

₹25

Per share

Face Value

₹10 per share

Lot Size

6,000 Shares

per lot

Issue Size

60,00,000 shares (aggregating up to ₹15.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹150,000

1 lot

Pre-IPO Holding

1,03,16,760 shares

Promoters

Post-IPO Holding

1,63,16,760 shares

Promoters

P/E (Pre)

22.03x

P/E (Post)

34.72x

EPS (Pre)

₹1.13

UPI Deadline

2023-09-29

Mandate

Anchor AllotmentMon, 25 Sep 2023

Basis of AllotmentThu, 05 Oct 2023

Refund InitiationFri, 06 Oct 2023

Demat CreditMon, 09 Oct 2023

Listing DayTue, 10 Oct 2023

UPI Mandate Deadline2023-09-29

Sale TypeFresh Capital

Net Offer to Public57,00,000 shares (aggregating up to ₹14.25 Cr)

Market Maker Quota3,00,000 shares (aggregating up to ₹0.7500 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

City Crops Agro Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	300,000	—	₹0.75
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,000,000	100%	₹15.00

IPO Shares Offered

City Crops Agro Ltd IPO total issue size: ₹15.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	300,000	₹0.75	5.00%
Total	6,000,000	₹15.00	100.00%

* Based on upper price band ₹25 per share

Lot Size & Investment

Lot Size

6,000

Shares per Lot

Issue Price

₹25.00

Upper Band

Min Investment

₹150,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	12,000	₹300,000
Retail (Max — 13 Lots)	13	78,000	₹1,950,000
S-HNI (Min — 14 Lots)	14	84,000	₹2,100,000
B-HNI (Min — 68 Lots)	68	408,000	₹10,200,000

* Issue Price ₹25 × Lot Size 6,000 shares

IPO Schedule

Anchor

25 Sep 2023

✓ Done

IPO Open

26 Sep 2023

✓ Done

IPO Close

29 Sep 2023

✓ Done

Allotment

05 Oct 2023

✓ Done

Refunds

06 Oct 2023

✓ Done

Demat Credit

09 Oct 2023

✓ Done

Listing Day

10 Oct 2023

✓ Done

₹25.00

INR · BSE

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Issue ₹25.00 Live Price

About City Crops Agro Ltd

Incorporated in 2013, City Crops Agro Limited, previously known as Bhagya Agro-Care Private Limited, is engaged in the business of trading products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses.The company sources the agricultural products from the manufacturers by paying an advance payment with its labeling and then these products are sold to its network of distributors. In contract manufacturing, the company leases agricultural land on lease and cultivates Cucumber, Onion, and Castor to meet the demand in the market. The company currently has around 47.31 acres of land for agricultural production.City Crops Agro is located in Ahmedabad, Gujarat, and employes over 8 employees.City Crops Agro recorded Rs. 1774.88 Lacs and Rs. 348.90 Lacs in revenue from operations in fiscal 2022 and 2021 respectively.

Objects of the Issue

To meet the working capital requirements of the company

General Corporate Purposes

City Crops Agro Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹348.9

31 Mar 2021

₹1,775.7

31 Mar 2022

₹2,462.5

31 Mar 2023

Profit After Tax (PAT)

₹4.3

31 Mar 2021

₹48.4

31 Mar 2022

₹117.1

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	2462.50	1775.69	348.90
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	117.08	48.41	4.32
Net Worth	1194.25	1077.14	5.08
Total Assets	1402.71	1298.96	246.99
Reserves & Surplus	162.57	45.50	4.08
Borrowings	2.01	5.01	0.51
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

9.80%

Issue Structure & Shareholding

Total Shares Offered60,00,000 (100.00%)

Net Offer to Public57,00,000 shares (aggregating up to ₹14.25 Cr)

Reserved for Market Maker3,00,000 shares (aggregating up to ₹0.7500 Cr)

Pre-Issue Promoter Holding1,03,16,760 shares

Post-Issue Promoter Holding1,63,16,760 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Turnaround Corporate Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much City Crops Agro Ltd IPO subscribed? ▲

City Crops Agro Ltd IPO is subscribed 1.00 times by Sep 29, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is City Crops Agro Ltd IPO retail subscription status? ▼

The City Crops Agro Ltd IPO retail category is subscribed 1.00 times as of 29 Sep 2023. The retail portion is oversubscribed.

How to subscribe City Crops Agro Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Sep 2023 and closes 29 Sep 2023. Min investment: ₹150,000 (1 lot = 6,000 shares). UPI mandate: 2023-09-29.

How many times City Crops Agro Ltd IPO subscribed? ▼

The City Crops Agro Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check City Crops Agro Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Oct 2023. Refunds: on 06 Oct 2023.

When City Crops Agro Ltd IPO will be listed? ▼

The City Crops Agro Ltd IPO listing date is 10 Oct 2023, Tuesday. Listed on: BSE SME. Issue price: ₹25. Estimated listing: ₹25. GMP: NIL.

When City Crops Agro Ltd IPO close? ▼

The City Crops Agro Ltd IPO closes on 29 Sep 2023, Friday. UPI mandate: 2023-09-29. Allotment: 05 Oct 2023. Listing: 10 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹25.00

Change—

Issue Price₹25.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹25

Face Value₹10

Lot Size6,000 Sh

Min. Amount₹150,000

GMPNIL

Est. Listing₹25

Subscribed1.00x

Open Date26 Sep 2023

Close Date29 Sep 2023

Allotment05 Oct 2023

Listing Date10 Oct 2023

ExchangeBSE SME

UPI Deadline2023-09-29