Incorporated in 2013, City Crops Agro Limited, previously known as Bhagya Agro-Care Private Limited, is engaged in the business of trading products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses.
The company sources the agricultural products from the manufacturers by paying an advance payment with its labeling and then these products are sold to its network of distributors. In contract manufacturing, the company leases agricultural land on lease and cultivates Cucumber, Onion, and Castor to meet the demand in the market. The company currently has around 47.31 acres of land for agricultural production.
City Crops Agro is located in Ahmedabad, Gujarat, and employes over 8 employees.
City Crops Agro recorded Rs. 1774.88 Lacs and Rs. 348.90 Lacs in revenue from operations in fiscal 2022 and 2021 respectively.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 30 Sep 2022 |
| Assets | 246.99 | 1,298.96 | 1,357.09 |
| Revenue | 348.90 | 1,775.69 | 962.72 |
| Profit After Tax | 4.32 | 48.41 | 61.31 |
| Net Worth | 5.08 | 1,077.14 | 1,138.49 |
| Reserves and Surplus | 4.08 | 45.50 | 106.81 |
| Total Borrowing | 0.51 | 5.01 | 2.01 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
City Crops Agro IPO opens on September 26, 2023, and closes on September 29, 2023.
| IPO Open Date | Tuesday, September 26, 2023 |
| IPO Close Date | Friday, September 29, 2023 |
| Basis of Allotment | Thursday, October 5, 2023 |
| Initiation of Refunds | Friday, October 6, 2023 |
| Credit of Shares to Demat | Monday, October 9, 2023 |
| Listing Date | Tuesday, October 10, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2023 |
As per our analysis and Based on the information we have, this is the output.
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