Crop Life Science Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Crop Life Scienc

CMP

41.60

-0.25 (-0.60%)

  • DRHP
₹52

Offer Price

₹ 26.73 Cr

Issue Size

₹ 1,04,000

Min Investment

2,000

Lot size

Time Line

  • 18
    Aug 2023
    Open
  • 22
    Aug 2023
    Close
  • 25
    Aug 2023
    Finalisation of Basis of Allotment
  • 28
    Aug 2023
    Initiation of Refunds
  • 29
    Aug 2023
    Transfer of Shares to Demat Account
  • 30
    Aug 2023
    Listing Date

Objects of the Offer

  • Increasing its Product Portfolio.

  • Increase in geographical presence.

  • Extensive Marketing Set up.

  • Strengthening up its business through effective branding and promotional activities.

Products & Services

  • The Company is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations.

Strengths

  • Its Wide and variety range of products.

  • Extensive Distribution Network.

  • Experienced promoters, directors and managerial Team.

  • Prime Location of its factories.

  • Quality Assurance.

Risks

  • There are outstanding litigations by against the Company which if determined against it, could adversely impact financial conditions.

  • The Company has given loans/advances and corporate guarantees to group companies in which its Directors are interested and which is not in compliance with the provisions of Section 185/295 of the Companies Act, 2013/1956.

  • The company sales are to a large extent dependent on the overall area under cultivation and the cropping pattern adopted by the farming community in India. Any reduction in the area under cultivation and the cropping pattern may impact its revenues and profitability.

  • The Company has certain contingent liabilities which may adversely affect its financial position.

  • At present, one of the company promoter group company Hetban Spechem Limited has similar facilities for the manufacture of the products in which issuer company is engaged which may create a conflict of interest, Further, the company don`t enjoy contractual protection by way of a non- compete or other agreement or arrangement with the group company.

Company Promoters

Promoters Holding

Issue For IPO
21.00%
Pre Holding

70.03%

Post Holding

49.03%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 102.01 (-14.20%) 131.23 (28.60%) 7.97 (-)
Gross Profit 102.01 (-14.20%) 131.23 (28.60%) 7.97 (-)
Net Income 102.01 (-14.20%) 131.23 (28.60%) 7.97 (-)
Assets 102.01 (-14.20%) 131.23 (28.60%) 7.97 (-)
Liabilities 102.01 (-14.20%) 131.23 (28.60%) 7.97 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Crop Life Science Ltd 102.01 2.81 58.75 22.73 7.97 0.00 30.02 2.25 0.37
Aristo Bio-Tech & Lifescience Ltd 165.99 1.46 77.00 77.00 9.84 2.93 29.71 1.89 1.72
Dharmaj Crop Guard Ltd 394.21 28.69 219.54 219.54 33.78 11.62 34.40 13.06 0.43
Heranba Industries Ltd 1,450.37 189.06 1,068.63 1,068.63 26.46 47.25 178.56 17.69 0.07

Book Running Managers

  • Interactive Financial Services Ltd

Registrar & Transfer Agent

Purva Sharegistry (India) Pvt

Shiv Shakti Indust,
Unit No 9 Lower Pare,
7 B J R Boricha Marg - Mumbai-400011
Phone : 91-022-23016761

Company Contact Information

209 Primate Near Judges-,
Bunglow Cross Road Bodakdev,
Ahmedabad - 380015
Phone : 079-40373967 Email : cs@croplifescience.com www.croplifescience.com

Offer Related Information

Initial public issue of 51,40,000 equity shares of face value of Rs. 10/- each of Crop Life Science Limited ("CLSL" or the "Company" or the "Issuer") for cash at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share (the "Issue Price") aggregating to Rs. 26.73 crores ("The Issue"), of which 2,60,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share aggregating to Rs.... More

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