Listing Details
- Listing Exchange NSE SME
- Listing Date 30-Aug-23
- IPO Price Range ₹ 52
- Listing Price ₹ 55.95
- Listing Change 7.6%
- Last Traded Price ₹ 41.05
- Current Change -21.1%
Crop Life Science IPO Details
- Open Date 18-Aug-23
- Close Date 22-Aug-23
- Lot Size 2000
- IPO Size ₹ 26.73 Cr
- IPO Price Range ₹ 52
- Min Investment ₹ 104000
- Listing Exchange NSE SME
- Basis of Allotment 25-Aug-23
- Refunds 28-Aug-23
- Credit to Demat Account 29-Aug-23
- Listing Date 30-Aug-23
Crop Life Science IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-Aug-23 | - | 0.17 | 1.52 | 0.84 |
| 21-Aug-23 | - | 0.71 | 3.99 | 2.36 |
| 22-Aug-23 | - | 1.56 | 7.03 | 4.30 |
Crop Life Science IPO Synopsis
Crop Life Science Limited IPO is all set to open from 18th August to 22nd August 2023. Sangani Hospitals provides healthcare-related services. The company manufactures, distributes, and markets agrochemical formulations. It is launching a fresh issue of 5,140,000 equity shares worth ₹26.73 cr. The share allotment date is 25th August and the listing date is 30th August 2023. The fixed price of the IPO is ₹52 per equity share with a lot size of 2000 shares.
Interactive Financial Services Limited is the book-running lead manager for this IPO, while Purva Sharegistry (India) Private Limited is the registrar.
Objectives of Crop Life Science IPO:
Crop Life Science Limited plans to utilize the raised capital from IPO to:
● Fulfill the working capital requirements
● For general corporate purposes
● To fund the public issue
About Crop Life Science
Established in 2006, Crop Life Science operates as an agrochemical company, engaged in the manufacturing, distribution, and promotion of a diverse range of agrochemical formulations. These formulations include agricultural chemicals like Pesticides and Micro Fertilizers. The range of pesticides covers Insecticides, Fungicides, Herbicides, and Weedicides. The company has a portfolio that offers over 85 distinct agro-chemical products.
Crop Life Science's products undergo registration under the Central Insecticides Board ("CIB"), gaining approval from both the Directorate of Agriculture, the Government of Gujarat, and the Gujarat Pollution Control Board ("GPCB"). The company has been awarded the Anandapura Trophy for the Highest Manufacturing Performance amongst Medium Scale Units of GIDC, Ankleshwar, by the Ankleshwar Industries Association for FY21.
The company's manufacturing facility is situated in GIDC Ankleshwar, Gujarat, spanning an area of 5831.10 Square Meters. Its product outreach extends to various countries including Indonesia, Bangladesh, Egypt, Myanmar, Vietnam, Sudan, and more.
Peer Comparison
● Aristo Bio-Tech and Lifescience Limited
● Heranba Industries Limited
● Dharmaj Crop Guard Limited
For More Information:
Webstory on Crop Life Science IPO
Crop Life Science IPO GMP
Crop Life Science Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | Q3 FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 122.53 | 102.00 | 118.93 |
| EBITDA | 117.15 | 98.62 | 114.58 |
| PAT | 1.71 | 0.95 | 1.22 |
| Particulars (in Rs. Crores) | Q3 FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 104.72 | 94.58 | 86.30 |
| Share Capital | - | - | - |
| Total Borrowings | 64.33 | 58.56 | 53.15 |
| Particulars (in Rs. Crores) | Q3 FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.92 | -0.15 | 3.50 |
| Net cash from / (used in) investing activities | -4.47 | -1.99 | -2.15 |
| Net cash flow from / (used in) financing activities | 2.84 | 1.11 | -0.57 |
| Net increase (decrease) in cash and cash equivalents | -0.70 | -1.02 | 0.78 |
Crop Life Science IPO Key Points
-
Strengths
1. The company caters to Indian and global markets.
2. It has ISO 9001:2015 and ISO 14001:2015 certifications for quality management and environmental management, respectively.
3. The company has a network of around 1800 channel distributors and wholesale outlets spanning various regions of India.
4. It has a state-of-the-art, in-house laboratory for chemical testing with a wide spectrum of products
-
Risks
1. Negative operating cash flow.
2. The company is subjected to product liability claims for its quality and use.
3. Certain contingent liabilities can impact its business operations.
4. Its operations are influenced by weather patterns and follow a cyclical pattern. Changes in seasons and unfavorable weather conditions, both locally and globally, can negatively impact the business.
5. The demand for organic farming and Pest Management (IPM) can impact the business.
6. Frequent changes in the regulatory norms
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
Crop Life Science IPO FAQs
What is the minimum lot size and investment required for the Crop Life Science IPO?
The minimum lot size of Crop Life Science IPO is 2000 shares and the investment required is ₹1,04,000.
What is the price band of the Crop Life Science IPO?
The price band of the Crop Life Science IPO is ₹52.
When does the Crop Life Science IPO issue open and close?
Crop Life Science IPO opens from 18th August and closes on 22nd August 2023.
What is the size of the Crop Life Science IPO issue?
The total size of Crop Life Science IPO is ₹26.73 cr.
What is the allotment date of the Crop Life Science IPO?
The allotment date of Crop Life Science IPO is 25th of August.
What is the Crop Life Science IPO listing date?
The listing date of Crop Life Science IPO is 30th of August.
Who are the book runners for the Crop Life Science IPO?
Interactive Financial Services Limited is the book-running lead manager for Crop Life Science IPO.
What is the objective of Crop Life Science IPO?
Crop Life Science plans to utilize the raised capital from IPO to:
1. Fulfill the working capital requirements
2. For general corporate purposes
3. To fund the public issue
How to apply for the Crop Life Science IPO?
To apply for Crop Life Science IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Crop Life Science Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Crop Life Science IPO
Contact Information
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/
Crop Life Science IPO Register
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/
Crop Life Science IPO Lead Manager
Interactive Financial Services Ltd.