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Crop Life Science Limited IPO : Key Dates

Crop Life Science Limited IPO is set to launch on 18 August, 2023. The company initiated its business operations in the year 2006. It is involved in the business of distributing, manufacturing and marketing of agrochemical formulations. Its product line includes micro fertilisers and pesticides like Herbicides, Fungicides, Insecticides and Weedicides. It has its manufacturing facility in Ankleshwar. Its facility is spread across 5831 Square Feet. The company has a business in exports which are done to Egypt, Bangladesh, Vietnam, Myanmar, Sudan etc. Its product portfolio includes more than 85 products of agro chemicals.

Crop Life Science Limited IPO DETAILS

Crop Life Science Limited IPO is set to launch on 18 August, 2023. The subscription timeline extends till 22 August, 2023. The size for the IPO is 26.73 Crore Rs. Shares issued through fresh issue mode are worth 26.73 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 52 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is Purva Sharegistry India Private Limited.

Tabular Description of Crop Life Science Limited IPO

IPO OPENING DATE	18 August, 2023
CLOSING DATE FOR IPO	22 August, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	75 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	26.73 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	26.73 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	30 August, 2023

Crop Life Science Limited IPO : IMPORTANT DATES

IPO OPENING DATE	18 August, 2023
CLOSING DATE FOR IPO	22 August, 2023
IPO ALLOTMENT DATE	25 August, 2023
REFUNDS	28 August, 2023
DEMAT A/C CREDITED ON	29 August, 2023
IPO LISTING DATE	30 August, 2023

Crop Life Science Limited IPO begins for subscription from 18 August, 2023. The IPO subscription would continue till 22 August, 2023. The allotment status for the shareholders who applied would come on 25 August, 2023. The refunds for the ones who did not get allotment would be initiated on 28 August, 2023. The DEMAT accounts of shareholders would be credited on 29 August, 2023. The listing of the company would be completed on 30 August, 2023.

Crop Life Science Limited IPO : Lead Managers

The lead managers are :

Interactive Financial Services Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 104000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 208000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	104000 Rs.
Maximum	4000 shares	208000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	8630	9457	10471
Revenue	11950	10238	12323
PAT	370	281	436

Crop Life Science Limited had an asset base of 8630 Lakh Rs in 2021 which increased to 9457 Lakh Rs in 2022 and 10471 Lakh Rs in 2023. The revenue of the firm was 11950 Lakh Rs in 2021 which decreased in 2022 to 10238 Lakh Rs. However in 2023 the same was more than 2021’s revenue. The revenue in 2023 was 12323 Lakh Rs. The company’s profit for the year 2021 was 370 Lakh Rs which decreased to 281 Lakh Rs in 2022. In 2023 the profit of the company was 436 Lakh Rs. Hence the financial figures of the company were low in 2022 but bounced back in the year 2023.

PROS

The product line includes micro fertilisers and pesticides like Herbicides, Fungicides, Insecticides and Weedicides.
It has its manufacturing facility in Ankleshwar. Its facility is spread across 5831 Square Feet.
The company has a business in exports which are done to Egypt, Bangladesh, Vietnam, Myanmar, Sudan etc. Its product portfolio includes more than 85 products of agro chemicals.

CONS

The company works in a highly competitive segment.

Crop Life Science Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Crop Life Science Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in