City Crops Agro Limited

About the City Crops Agro Limited IPO: Incorporated in 2013, City Crops Agro Limited is involved in trading agricultural products, including seeds, rice, wheat, onions, potatoes, tomatoes, isabgol, and pulses. They operate an integrated online platform offering cereals, oilseeds, pulses, and vegetables. Additionally, the company engages in contract manufacturing of agricultural produce like cucumbers, onions, and castor. They source agricultural products from manufacturers, pay an advance, label the products, and distribute them through a network of distributors. With decades in the market, the company has established strong relationships with farmers and wholesalers/retailers. For contract manufacturing, the company leases agricultural land to cultivate cucumbers, onions, and castor, gaining control over the process and obtaining better rates. A portion of the yield is shared with farmers working on leased land, benefiting the local farming community. The company currently holds approximately 47.31 acres of land for agricultural production. Now, City Crops Agro Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue. The money raised will be utilised to meet the following: 1. To meet the working capital requirements of the company 2. General Corporate Purposes 3. To meet the Issue Expenses Here are key details about the City Crops Agro Limited IPO: Company Name City Crops Agro Limited Company Type Private IPO Type SME City Crops Agro Limited IPO Opening Date 26 September 2023 City Crops Agro Limited IPO Closing Date 29 September 2023 City Crops Agro Limited IPO Allotment Status 5 October 2023 Credit of Shares to the Demat Account 9 October 2023 City Crops Agro Limited IPO Listing Date 10 October 2023 City Crops Agro Limited IPO Face Value ₹ 10 per share City Crops Agro Limited IPO Lot Size 6000 shares City Crops Agro Limited IPO Issue Size ₹ 15 crore City Crops Agro Limited IPO to be Listed on BSE SME City Crops Agro Limited IPO Price band ₹ 25 per share