September 26, 2023 - September 29, 2023

City Crops Agro IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

City Crops Agro IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

City Crops Agro IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

City Crops Agro IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company trades in agricultural products with third-party contracts. It is operating in a highly competitive and fragmented segment. It has fared on an average basis. Based on FY23 earnings, the issue is greedily priced. There is no harm in skipping this pricey bet. Read detail review...

City Crops Agro IPO Peer Comparison

City Crops Agro Limited peer comparison with similar listed entities. () (As on March 31, 2023)

Company Name	EPS (Rs)		P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	P/E (x)	RoNW (%)
City Crops Agro Limited	1.13	1.13	22.03	9.80
MK Exim (India) Ltd	6.78	6.78	16.88	24.07
Alstone Textiles (India) Ltd	9.00	9.00	2.89	16.50

Note: (1) NAV is computed as the closing net worth divided by the outstanding number of equity shares as on March 31, 2022.

2. The face value of Equity Shares of our Company is Rs. 10 per Equity Share and the Issue Price of Rs. 25/- per Equity Share is 2.5 times the face value.

3. The Issue Price of 25 is determined by our Company in consultation with the Lead Manager and is justified based on the above accounting ratios. For further details, please refer to the section titled 'Risk Factors', and chapters titled 'Our Business' and 'Restated Financial Statement' beginning on page 20, 81 and 115, respectively of this Prospectus.

City Crops Agro IPO Review by Members

City Crops Agro IPO Reviews, analysis and views by popular members. Read City Crops Agro Limited IPO reviews by retail investors to find recommended ipo to buy.

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City Crops Agro IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
IPO LEADER IPO Mentor (800+ Posts, 400+ Likes)	Avoid High valuation Avoid September 24, 2023 2:31:11 PM

Member

Review

IPO LEADER

IPO Mentor (800+ Posts, 400+ Likes)

Avoid

High valuation Avoid

September 24, 2023 2:31:11 PM

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