{"id":31897,"date":"2023-08-18T07:21:09","date_gmt":"2023-08-18T07:21:09","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2023\/08\/18\/crop-life-science-ipo-opens-on-18th-august-2023\/"},"modified":"2023-08-18T07:21:09","modified_gmt":"2023-08-18T07:21:09","slug":"crop-life-science-ipo-opens-on-18th-august-2023","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2023\/08\/18\/crop-life-science-ipo-opens-on-18th-august-2023\/","title":{"rendered":"Crop Life Science IPO Opens on 18th August, 2023"},"content":{"rendered":"
\"\"<\/div>\n

\u2022 Issue Size \u2013 51,40,000 equity shares of \u20b9 10 each \u2022 Issue Size \u2013 \u20b9 26.73 crore \u2022 Price \u2013 \u20b9 52 \u2022 Market Lot Size \u2013 2,000 Equity Shares<\/p>\n

New Delhi (India), August 18<\/strong>: Crop Life Science Limited, a leading manufacturer of agricultural chemicals, has announced its plans to go public with an Initial Public Offering (IPO) on August 18th, 2023. The company is aiming to raise \u20b9 26.73 crore through this IPO, with shares set to be listed on the NSE EMERGE platform.<\/p>\n

The fresh issue size is 51,40,000 equity shares of face value of Rs. 10\/- each at a price of Rs. 52\/- each <\/p>\n

Equity Share Allocation<\/p>\n

\u2022         Non-Institutional Investors (NII) \u201324,40,000 Equity Shares<\/p>\n

\u2022         Retail Individual Investors (RII) \u201324,40,000  Equity Shares<\/p>\n

\u2022         Market Maker \u2013 2,60,000 Equity Shares<\/p>\n

The net proceeds from the IPO will be utilized to repay  unsecured loans worth \u20b970 lakhs as well as to meet long-term working capital requirements of \u20b919 crore and general corporate purpose to the tune of \u20b96.50 crore. The issue closes on August 22nd, 2023.<\/p>\n

The Lead Manager to the Issue is Interactive Financial Services Ltd and The Registrar to the Issue is Purva Sharegistry (India) Private Limited.<\/p>\n

Mr. Rajesh Lunagariya, Managing Director, Crop Life Science Limited said,” Raising funds through the IPO will help us repay back our unsecured loan and to fund our long term working capital requirement. With these funds, we will be able to focus more on innovation and expand our product portfolio as well as international presence. Our aim is to provide high quality formulations of agrochemicals to our domestic and overseas customers.<\/p>\n

Further, the Listing at NSE Emerge will also help us enhance our market visibility and attract more investors.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2022 Issue Size \u2013 51,40,000 equity shares of \u20b9 10 each \u2022 Issue Size \u2013 \u20b9 26.73 crore \u2022 Price \u2013 \u20b9 52 \u2022 Market Lot Size \u2013 2,000 Equity Shares New Delhi (India), August 18: Crop Life Science Limited, a leading manufacturer of agricultural chemicals, has announced its plans to go public with an Initial…<\/p>\n","protected":false},"author":1,"featured_media":31898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[294],"class_list":["post-31897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/31897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/comments?post=31897"}],"version-history":[{"count":0,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/posts\/31897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media\/31898"}],"wp:attachment":[{"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/media?parent=31897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/categories?post=31897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theeveningpost.in\/index.php\/wp-json\/wp\/v2\/tags?post=31897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}