Crop Life Science IPO: Crop Life IPO to open on August 18, check price band to key dates

Crop Life Science IPO opens on August 18 with a price band of ₹52 per share. Allotment on August 25, listing expected on August 30.

Crop Life Science IPO: The public offering of shares (IPO) for Crop Life Science Limited starts on Friday, August 18, and ends on Tuesday, August 22. The price band for Crop Life Science’s initial public offering (IPO) has been set at 52 per stock share with a face value of 10. This Crop Life Science IPO has a minimum lot size of 2000 shares. The price of Crop Life Science’s initial public offering is 5,2 times what each share is worth.

Crop Life Science’s initial public offering (IPO) is made up of 51,400,000 new shares of stock, which add up to 26,73 crore. There is no OFS (offer for sale) part.

The company’s Red Herring Prospectus (RHP) says that it plans to use the net proceeds from the issue to pay off debt, meet long-term working capital needs, and for other business purposes.

The company was started by Rajesh Lunagariya and Ashvinkumar Lunagaria.

Basis of allotment of shares in the Crop Life Science Limited IPO will be finalized on Friday, August 25. On Monday, August 28, the company will start refunds, and on Tuesday, August 29, the shares will be paid to the demat account of the allottees. Shares of Crop Life Science ltd are expected to be listed on NSE SME on August 30.

Interactive Financial Services Ltd is in charge of the Crop Life Science IPO’s lead manager, and Purva Sharegistry Pvt Ltd is in charge of the IPO’s register.

According to the RHP, Crop Life Science is an agrochemical company that makes, distributes, and sells many different types of agrochemical formulas. Pesticides and microfertilizers are two types of agriculture chemicals. Pesticides include insecticides, fungicides, herbicides, and weedicides.

In 2006, we leased a plot of land from Gujarat Industrial Development Corporation (GIDC) in Ankleshwar (Gujarat) with a total size of about 5831.10 square meters in order to set up a factory there. It was in the 2006–07 fiscal year that we first began producing pesticides and micro fertilizer.

It began shipping insecticides to Indonesia in 2012. The firm noted in its RHP that it has gradually expanded its exports to nations like Bangladesh, Egypt, Myanmar, Vietnam, and Sudan.

The grey market premium (GMP) for Crop Life Science Limited’s initial public offering (IPO) today is +3, in line with the last few trading days. According to, shares of Crop Life Science IPO GMP were fetching a premium of 3 on the grey market on Wednesday.

The predicted listing price of Crop Life Science ltd shares is 55 per, which is 5.77 percent more than the Crop Life Science ltd share price of 52. This is based on the upper end of the Crop Life Science price band and the existing premium in the grey market.

The minimum GMP was measured at zero, and the maximum was recorded at seven.

To investors, a “grey market premium” means they are willing to pay more than the issue price.

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