Crop Life Science IPO will open for subscription from 18 August 2023. the company aims for an issue size of ₹26.73 Cr through this IPO.
Company Overview
| Full name | Crop Life Science Limited |
| Sector | Chemicals |
| Industry | Pesticides & Agrochemicals |
| Company Website | https://croplifescience.com/ |
About Company
Incorporated in 2006, Crop Life Science is an agrochemical company engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations. Agriculture chemicals consist of Pesticides and Micro fertilizers, moreover, the pesticides including Insecticides, Fungicides, Herbicides, and Weedicides.
The company commenced the manufacturing activities of Pesticides and Micro fertilizer in the year 2006. In the year 2012, the company started exporting pesticides to Indonesia. Over a period of time, it started exporting to Bangladesh, Egypt, Myanmar, Vietnam, Sudan, and other countries.
At present, the company manufactures and sells various formulations of insecticides, fungicides and herbicides, plant growth regulators, micro fertilizers, and weedicides. Currently, Crop Life Science has a wide range of more than 85 agrochemical products. At present in addition to its manufacturing of products, the company is also undertaking job work for manufacturing pesticides and Micro Fertilizer.
The Objective of the Issue
- Working capital requirement,
- General Corporate Purpose,
- Meeting Public Issue Expenses.
IPO Timetable
| IPO Opening date | 18 August 2023 |
| IPO Closing | 22 August 2023 |
| Basis of Allotment | 25 August 2023 |
| Initiation Refund | 28 August 2023 |
| Credit to Demat Account | 29 August 2023 |
| Listing Date | 30 August 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹26.73 Cr – 5,140,000 shares |
| Fresh Issue | ₹26.73 Cr – 5,140,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹52 per share |
| Lot size | 2000 Shares |
| Market maker portion | 260,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹104,000 |
| Retail (Max) | 1 | 2000 | ₹104,000 |
| HNI (Min) | 2 | 4,000 | ₹208,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 (till Feb) | |
| Revenue | 135.13 | 118.93 | 102.01 | 122.54 |
| Expenses | 130.72 | 114.58 | 98.62 | 117.15 |
| Net income | 3.22 | 3.45 | 2.87 | 4.37 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (till Feb) | |
| EPS | 3.09 | 2.35 | 3.64 |
| PE ratio | – | – | 14.29 |
| RONW (%) | 11.27 | 11.04 | 10.81 |
| NAV | 27.39 | 29.39 | 33.65 |
| ROCE (%) | 17.59 | 14.57 | 18.63 |
| EBITDA (%) | 7.58 | 7.96 | 9.24 |
| Debt/Equity | 0.53 | 0.59 | 0.68 |
Company Promoters
- Mr. Rajesh Lunagariya
- Mr. Ashvinkumar Lunagaria
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70.01% |
Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Phone: +91-9898055647
Email: mbd@ifinservices.in
Website: www.ifinservices.in
IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91-022 2301 8261
Email: support@purvashare.com
Website: www.purvashare.com
Contact Details
CROP LIFE SCIENCE LIMITED
209, “Primate”, Near Judges Bunglow Cross Road, Bodakdev,
Ahmedabad – 380015, Gujarat, India
Phone: 079-40373967
E-mail: cs@croplifescience.com
Website: www.croplifescience.com
Allotment Status
Crop Life Science IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.
Final thoughts
Crop Life Science IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
