City Crops Agro Limited Incorporated in 2013 engages in the business of trading products such as seeds and various agricultural produce, including Rice, Wheat, Onions, potato, Tomato, Isabgol, and Pulses. City Crops Agro has a fully integrated online platform with a huge range of products such as cereals, oilseeds, pulses, and vegetables. The company is also active in agricultural product contract manufacturing, especially cucumber, onion, and castor.
In the process of sourcing agricultural products, the company makes advance payments to manufacturers and labels these products before distributing them to their network of distributors. Over the years, City Crops Agro Limited has established robust relationships with both farmers and the wholesaler/retailer community.
Concerning contract manufacturing, the company secures agricultural land through leasing and cultivates Cucumber, Onion, and Castor to fulfill market demand. This method is very helpful for Company to get better control over the full production process and allows them to obtain agricultural products at competitive prices. A portion of the yield is shared with farmers who work on a contractual basis on the leased land, thereby benefiting the local farming community. At present, City Crops Agro Limited possesses approximately 47.31 acres of land for agricultural production.
Under the capable leadership of Maulikaben Ashokkumar Shah, the management has delivered a strong performance. The company decided to expand its network of distributors and, as a result, welcomed Kaupilkumar Hasmukhbhai Shah and Shitalben Kaupilkumar Shah to the board immediately after the COVID-19 pandemic in December 2020. In January 2021, Maulikaben Anantkumar Shah and Jigar Ashok Hebra resigned from the board.
City Crops Agro Limited IPO Complete Details:
City Crops Agro Limited IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP OF City Crops Agro Limited is Around 00 Rs.
Objects Of Issue:
1. To fulfill the company’s working capital needs.
2. For general corporate purposes.
3. To cover the expenses related to the issuance.
Promoters:
Kaupilkumar Hasmukhbhai Shah:
– Age: 45 years
– Position: Executive Director and Promoter of the Company
– Education: Holds a Bachelor’s Degree in Commerce from Gujarat University.
– Role: Instrumental in making major policy decisions for the Company
Shitalben Kaupilkumar Shah:
– Age: 41 years
– Position: Dynamic women entrepreneur heading executive operations at the Company and Promoter of the Company.
– Education: Holds Bachelors degrees in Commerce and Law from Gujarat University.
– Experience: Her extensive experience has significantly contributed to the Company’s growth. – Expertise: Proficient in managing human resources, brand building, brand development, marketing, and compliance.
FAQs:
When City Crops Agro Limited’s IPO is Opening?
City Crops Agro Limited IPO is Opening on 26 September 2023(Tuesday).
When City Crops Agro Limited IPO is Closing?
City Crops Agro Limited IPO is Closing on 29 September 2023(Friday).
What is the IPO Issue Size of City Crops Agro Limited?
The IPO Issue Size of City Crops Agro Limited is 15.00 Crore.
Price Band of City Crops Agro Limited IPO?
The price Band of City Crops Agro Limited IPO is 25 rupees per share.
What is the minimum investment for City Crops Agro Limited IPO?
The minimum investment for City Crops Agro Limited IPO is 150,000 Rupees.
Allotment Date of City Crops Agro Limited IPO?
The Allotment of City Crops Agro Limited IPO is on 05 October 2023(Thursday).
Listing Date of City Crops Agro Limited IPO?
The Listing Of City Crops Agro Limited is Scheduled on 10 October 2023(Tuesday).
One Should Apply City Crops Agro Limited IPO or Not?
Retailers can Avoid City Crops Agro Limited IPO.
How to apply for City Crops Agro Limited IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find City Crops Agro Limited IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for City Crops Agro Limited IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find City Crops Agro Limited IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for City Crops Agro Limited IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find City Crops Agro Limited IPO from the list ——–> Click on City Crops Agro Limited IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is City Crops Agro Limited IPO’s Lead Manager?
Turnaround Corporate Advisors Private Limited is the Lead Manager of City Crops Agro Limited.
Where To Check the Allotment of City Crops Agro Limited IPO?
The allotment status for the City Crops Agro Limited IPO will be accessible on the Skyline Financial Services Private Ltd Website.
City Crops Agro Limited IPO is going to Listing at?
City Crops Agro Limited IPO is going to be listed at BSE SME
What is the Lot Size of City Crops Agro Limited IPO?
The lot Size of City Crops Agro Limited IPO is 6000 Shares.
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