Crop Life Science IPO Opens on 18th August, 2023

Equity Share Allocation

•         Non-Institutional Investors (NII) –24,40,000 Equity Shares

•         Retail Individual Investors (RII) –24,40,000  Equity Shares

•         Market Maker – 2,60,000 Equity Shares

The net proceeds from the IPO will be utilized to repay  unsecured loans worth ₹70 lakhs as well as to meet long-term working capital requirements of ₹19 crore and general corporate purpose to the tune of ₹6.50 crore. The issue closes on August 22nd, 2023.

The Lead Manager to the Issue is Interactive Financial Services Ltd and The Registrar to the Issue is Purva Sharegistry (India) Private Limited.

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.

Further, the Listing at NSE Emerge will also help us enhance our market visibility and attract more investors.”

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