Crop Life Science Limited IPO
i. Crop Life Science is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations. Agriculture chemicals consists of Pesticides and Micro Fertilizer, moreover, the pesticides including Insecticides, Fungicides, Herbicides and Weedicides. In the year 2006, they have taken the land admeasuring area of approximately 5831.10 Square Meters on lease basis for a period of 99 years from Gujarat Industrial Development Corporation (“GIDC”) for their manufacturing unit at GIDC Ankleshwar (Gujarat).
ii. The company had commenced the manufacturing activities of Pesticides and Micro fertilizer in the year 2006- 07. In the year 2012, the Company started exporting pesticides to Indonesia. Over a period of time, they have started exporting to Bangladesh, Egypt, Myanmar, Vietnam, Sudan and other countries.
iii. The company is required to obtain various licenses and permission from the government and semi government authorities before commencement of manufacturing of pesticides and fertilizer. The licenses and permission such as registration of their products with Central Insecticides Board (“CIB”), approval from the Directorate of Agriculture, Government of Gujarat, and approval from the Gujarat Pollution Control Board (“GPCB”).
Competitive Strengths
i. Our wide and varied range of Products
ii. Extensive distribution network
iii. Experienced Promoters, Directors and Management team.
Objects of the Crop Life Science Limited IPO:
Crop Life Science Limited IPO Details:
Open Date: | Aug 18 2023 |
Close Date: | Aug 22 2023 |
Total Shares: | 5,140,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Issue |
Issue Size: | 26.73 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 52 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Aug 30 2023 |
Promoters And Management:
Financials of Crop Life Science Limited IPO:
Particular(in Cr) | FY21 | FY22 | FY23 |
Revenue | 119 | 102 | 123 |
Cost of Material Consumed | 71 | 59 | 88 |
Employee Benefit Expenses | 11.06 | 10.88 | 9.64 |
Change in Inventory | -3.24 | 0.76 | -0.3 |
Other Expenses | 31.57 | 23.98 | 14.65 |
EBITDA | 9.31 | 8.09 | 11.39 |
Other Income | 0.57 | 0.38 | 0.69 |
PAT | 3.7 | 2.81 | 4.37 |
Recommendation on Crop Life Science Limited IPO:
Lead Manager of Crop Life Science Limited IPO:
Registrar of Crop Life Science Limited IPO:
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