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News Details

25/09/2023 11:10

City Crops Agro announces launch of initial public offering

City Crops Agro Ltd. has announced public offering of 6000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 15.00 per share. The gross proceeds of the issue are expected to be Rs 1,500.00 lakhs.

The company's initial public offer (IPO) will open on 26 September 2023 and is expected to close on 29 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 6000000 Equity Shares of the Company at an price of Rs 25.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

City Crops Agro Ltd. anticipates using the proceeds of the issue for .

Turnaround Corporate Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.