Crop Life Science SME IPO

Crop Life Science Limited

₹1,04,000 /2000 sharesMinimum Investment

Crop Life Science SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹52.00₹56.00₹4.00 (7.69%)

Crop Life Science SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
18 Aug ‘23 - 22 Aug ‘23₹1,04,0002,000₹52 - ₹52
Issue SizeIPO Doc
26.73Cr
RHP PDF

About Crop Life Science SME

Crop Life Science, incorporated in 2006, is an agrochemical company. It specializes in producing, distributing, and promoting diverse agrochemical formulas. The company primarily manufactures pesticides and micro fertilizer. Within the pesticides category, the company offers insecticides, fungicides, herbicides, and weedicides. ;
Parent Organisation
Crop Life Science Limited
Founded
2006
Managing Director
Mr. Rajesh Lunagariya

Strengths & Risks

  • Crop Life Science was honored by AIA with the Anandapura Trophy for achieving the Highest Manufacturing Performance among Medium Scale Units in GIDC, Ankleshwar, during the financial year 2020-21.
  • The company has 296 approved technical formulations for producing insecticide products, including approximately 40 specialized formulations designed exclusively for export.
  • The company has expanded its product portfolio from 25 to 85 agrochemical products.
  • The company collaborates with around 1800 channel distributors and wholesaler outlets across 85 states in India, including Gujarat, Maharashtra, Uttar Pradesh, Madhya Pradesh, Bihar, West Bengal, Chhattisgarh, and more.
  • The company exports its agrochemical products to Bangladesh, Egypt, Myanmar, Vietnam, Sudan, etc.
  • Situated in the GIDC Industrial area at Ankleshwar, Bharuch, the company's factory benefits from its proximity to numerous chemical industrial units. It facilitates the seamless procurement of raw materials and efficient distribution of finished goods to multiple customer locations.
  • The company maintains an advanced in-house laboratory within its factory premises, dedicated to research & development and chemical testing.
  • Crop Life Science is currently involved in legal disputes. These legal matters can negatively impact the company's financial standing if resolved unfavorably.
  • The company's revenue heavily relies on the extent of land cultivation and the specific cropping practices adopted by Indian farmers. Any reduced cultivated land or cropping patterns changes might lead to lower revenues and profitability.
  • The company's business is sensitive to climatic conditions. Unfavorable weather patterns, locally and globally, could adversely affect its business.
  • The company has faced delays in filing GST returns and EPF payments.
  • The company's agrochemical business might face challenges due to the emergence of alternative crop protection methods, such as biotechnology products, pest-resistant seeds, or genetically modified (GM) crops.
  • The company's revenue depends on a limited number of customers and suppliers. For the years ending March 31, 2022, 2021, and 2020, the top ten customers contributed to 28.88%, 27.24%, and 29.07% of total sales (including trading), while the top ten suppliers accounted for 69.16%, 60.76%, and 67.33% of total raw material purchases. The loss of significant customers or suppliers could substantially affect its financial performance.
  • It has obtained various credit facilities from HDFC Bank, resulting in an outstanding loan of Rs. 1650 lakhs as of February 28, 2023.
  • The company holds an unsecured loan of Rs. 90.27 lakh from promoters and the promoter group as of February 28, 2023.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular52 - 52₹2 Lakh
High Networth Individual52 - 52₹2 - 5 Lakh
For Crop Life Science SME IPO, eligible investors can apply as Regular.
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