Crop Life Science Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a fixed price issue. The IPO is scheduled to run from August 18 to August 22, 2023, with a share price of ₹52. Investors can participate with a minimum order of 2000 shares.
The IPO will comprise 5,140,000 shares with a face value of Rs. 10 each, potentially raising funds of up to ₹26.73 crore for Crop Life Science Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About Crop Life Science Limited
Incorporated in 2006, Crop Life Science Limited specializes in manufacturing, distributing, and marketing agrochemical formulations. Their product range covers agricultural chemicals like Micro fertilizers, and pesticides including Insecticides, Fungicides, Herbicides, and Weedicides. With a manufacturing unit in GIDC Ankleshwar, Gujarat, spanning 5831.10 Square Meters, the company exports to various countries including Indonesia, Bangladesh, and Vietnam.
Crop Life Science’s products are registered with the Central Insecticides Board (CIB) and approved by the Directorate of Agriculture, Government of Gujarat, and the Gujarat Pollution Control Board (GPCB). Their diverse portfolio comprises more than 85 agro-chemical products.
Crop Life Science Limited IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 18th August 2023 |
| Issue Closes | 22nd August 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 52 Per Share |
| Issue Size | 5,140,000 Shares (Rs 26.73 crores) |
| Minimum Order Quantity | 2000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company has outlined its plans for the net proceeds as follows:
- To meet long-term working capital requirements.
- General corporate purposes.
- Meeting Public Issue Expenses.
Crop Life Science Limited — Company Contact Details
- Registered & Corporate Office: 209, Near Judges Bunglow Cross Road, Bodakdev, Ahmedabad – 380015
- Telephone: 079-40373967
- Website: https://croplifescience.com
Crop Life Science Limited IPO – Lead Managers of the Issue
Interactive Financial Services Ltd
- Office Address: A – 1006, Premium House, B/h Handloom House, Ashram Road, Ahmedabad – 380009
- Telephone:+91-79-2658 1240
- Email: info@iFinServices.com
Crop Life Science Limited IPO – Registrar of the Issue
Purva Sharegistry India Pvt Ltd
- Telephone: +91-022-23018261/ 23016761
- Email: support@purvashare.com
- Website: https://www.purvashare.com
Crop Life Science Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
