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Crop Life Science IPO is a fixed price issue of Rs 26.73 crores. The issue is entirely a fresh issue of 51.4 lakh shares.
Crop Life Science IPO bidding started from August 18, 2023 and ended on August 22, 2023. The allotment for Crop Life Science IPO was finalized on Friday, August 25, 2023. The shares got listed on NSE SME on August 30, 2023.
Crop Life Science IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹208,000.
Interactive Financial Services Ltd is the book running lead manager of the Crop Life Science IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Crop Life Science IPO is Nikunj Stock Brokers.
Refer to Crop Life Science IPO RHP for detailed information.
| IPO Date | August 18, 2023 to August 22, 2023 |
| Listing Date | August 30, 2023 |
| 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 offers 5,140,000 shares. 2,440,000 (47.47%) to NII, 2,440,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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 opens on August 18, 2023, and closes on August 22, 2023.
| IPO Open Date | Friday, August 18, 2023 |
| IPO Close Date | Tuesday, August 22, 2023 |
| Basis of Allotment | Friday, August 25, 2023 |
| Initiation of Refunds | Monday, August 28, 2023 |
| Credit of Shares to Demat | Tuesday, August 29, 2023 |
| Listing Date | Wednesday, August 30, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 22, 2023 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Mr. Rajesh Lunagariya and Mr. Ashvinkumar Lunagaria are the company's promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.01% |
Incorporated in 2006, Crop Life Science Limited is engaged in the business of manufacturing, distributing, and marketing agrochemical formulations.
The company manufactures Agriculture chemicals such as Micro fertilizers and pesticides which includes Insecticides, Fungicides, Herbicides, and Weedicides. Its manufacturing unit is located at GIDC Ankleshwar, Gujarat, spanning 5831.10 Square Meters. The company exports its products to Indonesia, Bangladesh, Egypt, Myanmar, Vietnam, Sudan and other countries.
Crop Life Science's products are registered with the Central Insecticides Board ("CIB"), and approved by the Directorate of Agriculture, Government of Gujarat, and the Gujarat Pollution Control Board ("GPCB").
The company's product portfolio includes more than 85 agro-chemical products.
| 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 |
| KPI | Values |
|---|---|
| ROE | 11.54% |
| ROCE | 18.63 |
| Debt/Equity | 0.68 |
| RoNW | 10.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.64 | |
| P/E (x) | 14.29 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive segment. It marked a setback in FY22 following the fire incident. Now it is on a fast track as indicated by the 11M-FY23 performance. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may consider parking funds for the medium to long-term rewards. Read detail review...
The Crop Life Science IPO is subscribed 4.36 times on August 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. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.56 |
| Retail | 7.15 |
| Total | 4.36 |
Total Application : 8,718 (7.15 times)
| Listing Date | August 30, 2023 |
| BSE Script Code | |
| NSE Symbol | CLSL |
| ISIN | INE00NH01017 |
| Final Issue Price | ₹52 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹52.00 |
| ₹55.95 |
| ₹53.15 |
| ₹55.95 |
| ₹53.15 |
Crop Life Science Limited
209,
Near Judges Bunglow Cross Road,
Bodakdev, Ahmedabad – 380015
Phone: 079-40373967
Email: cs@croplifescience.com
Website: https://croplifescience.com/cropelife/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Crop Life Science IPO is a SME IPO of 5,140,000 equity shares of the face value of ₹10 aggregating up to ₹26.73 Crores. The issue is priced at ₹52 per share. The minimum order quantity is 2000 Shares.
The IPO opens on August 18, 2023, and closes on August 22, 2023.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Crop Life Science IPO using UPI as a payment gateway. Zerodha customers can apply in Crop Life Science IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Crop Life Science IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Crop Life Science IPO opens on August 18, 2023 and closes on August 22, 2023.
Crop Life Science IPO lot size is 2000 Shares, and the minimum amount required is ₹104,000.
You can apply in Crop Life Science IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Crop Life Science IPO will be done on Friday, August 25, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 29, 2023. Check the Crop Life Science IPO allotment status.
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