IPO of Crop Life Science is going to open tomorrow, know details from price band to valuation
Crop Life Science IPO: If you also invest in the stock market, then this news is very important for you. The IPO of Crop Life Science Limited will open tomorrow. This IPO will close on 22 August. The company has fixed the price band of its IPO at Rs 52 per share. Let us know about the IPO of this company.
The process of IPO is still going on in the stock market. Tomorrow the IPO of Crop Life Science Limited is going to open. This IPO will open tomorrow i.e. on 18 August 2023 and will close on 22 August 2023. The company has fixed the price band of this IPO at Rs 52 per share. And the minimum lot size of the company is 2000 shares. The price band of the company's IPO is 5.2 times more than the face value. Let us know in detail about the IPO of this company.
The company's IPO includes 51,40 lakh fresh equity shares. Including this, the company is issuing fresh shares totaling Rs 26.73 crore. No shares are for an offer for sale in this IPO. The company will use the amount raised through this IPO to repay the debt. Apart from this, it will also be used to meet long-term capital gains and for general corporate purposes.
Let us tell you that Rajesh Lunagaria and Ashwin Kumar Lunagaria are the promoters of the company. The allotment of shares of the company will take place on August 25, 2023 (Friday). At the same time, from August 28, 2023 (Monday), the company will also start refunding the shares. The shares will be credited to the Demat account of investors on August 29, 2023 (Tuesday). At the same time, on August 30, 2023, the company's shares can be listed on NSE SME.
The lead manager to the IPO of the company is Interactive Financial Services Limited. Apart from this, Purva Shareregistry Private Limited is the Registrar for the IPO of the company.
Crop Life Science is an agrochemical company. It works in a wide range of agrochemical formulations. The company manufactures pesticides and micro fertilizers for agriculture. In the year 2006, the company has taken a piece of land in Gujarat on lease for a period of 99 years. The company started manufacturing pesticides and micro fertilizers in 2006-07.
In 2012, the company started exporting pesticides. First, the company exported to Indonesia. Now the company exports it to Bangladesh, Egypt, Myanmar, Vietnam, Sudan, and other countries.
