City Crops Agro Limited

Company Profile
Company Name City Crops Agro Limited
Open Date 26-09-2023
Close Date 29-09-2023
Exchange BSE SME
Lot Size 6000 Shares
Issue Price ₹ 25 per share
Issue Size 60,00,000 shares
Application Amount ₹ 1,50,000
Recommendation Avoid
City Crops Agro Limited was incorporated in the year 2013 and has its registered office in Ahmedabad, Gujarat. The company is engaged in the business of trading of products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. Company has an integrated online platform which includes products such as cereals, oil seeds, pulses, and vegetables. The Company is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion and Castor. As on date of Prospectus, the company had 09 employees on its payroll.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 246.99 1,298.96 1,402.71
Net Assets 5.08 1,077.14 1,194.25
Total Borrowings 0.51 5.01 2.01
Total Revenue 348.90 1,775.69 2,462.50
Profit After Tax 4.32 48.41 117.08

Tentative Timeline

Opening Date 26-09-2023
Closing Date 29-09-2023
Basis of Allotment 05-10-2023
Initiation of Refunds 06-10-2023
Credit of Shares to Demat 09-10-2023
Listing Date 10-10-2023

Objects of the Issue

To meet Working Capital requirements.
General corporate purposes.
To meet issue expenses.

Contact Information

Registered Office City Crops Agro Limited- A-208, Titanium City Centre, Near Sachin Tower, 100 Ft Ring Road, Satellite, Ahmedabad – 380015
Phone +91 9428714136

Registrar Details

Name Skyline Financial Services Private Ltd
Phone 02228511022

IPO Reservation

Other Shares Offered 50% of the net offer
Retail Shares Offered 50% of the net offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 86.50%
Share Holding Post Issue (Promoters) 54.70%

Contact Us to Enable Your Success!