City Crops Agro Ltd Share Price – BSE

Trading, Small Cap

City Crops Agro announced that the Annual General Meeting (AGM) of the company will be held on 26 July 2024.

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City Crops Agro will hold a meeting of the Board of Directors of the Company on 27 June 2024.

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City Crops Agro will hold a meeting of the Board of Directors of the Company on 30 May 2024

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The scrip was listed at Rs 25.50, up 2% over the initial public offer (IPO) price. The counter hit a high of Rs 26 and a low of Rs 24.90. About 22.32 lakh shares of the company changed hands at the counter.

City Crops Agro's IPO was subscribed 2 times. The issue opened for bidding on 26 September 2023 and it closed on 29 September 2023. The price of the IPO was fixed at Rs 25 per share.

The IPO comprised fresh issue of 60,00,000 shares. The promoter and promoter group shareholding diluted to 54.70% from 86.51% pre-IPO.

The company plans to use the net proceeds from the fresh issue to meet the working capital requirements and general corporate purposes.

City Crops Agro is engaged in the business of trading of products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. We have an integrated online platform which includes products such as cereals, oil seeds, pulses, and vegetables. The company is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion and Castor. The company has 9 employees.

The company recorded a revenue from operations of Rs 2,461.09 crore and net profit of Rs 117.07 crore for the period ended as on 31 March 2023.

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