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

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₹52 per equity share of face value of ₹10 each. The minimum lot size of this Crop Life Science IPO is 2000 shares. Crop Life Science IPO issue price is 5.2 times the face value of the equity share.

Crop Life Science IPO consists of fresh issue of 51.40 lakh equity shares aggregating to ₹26.73 crore. There is no offer for sale (OFS) component. According to company's Red Herring Prospectus (RHP) it intends to use the net proceeds raised through the issue to repay debt, meet long-term working capital requirements, and general corporate purposes.

Also Read: Ashish Kacholia backed Aeroflex Industries IPO opens next week, check key dates to price band Rajesh Lunagariya and Ashvinkumar Lunagaria are the company's promoters. Crop Life Science Limited IPO's basis of allotment of shares will be finalised on Friday, August 25 and the company will initiate refunds on Monday, August 28, while the shares will be credited to the demat account of allottees on Tuesday, August 29. Crop Life Science ltd shares are likely to be listed on NSE SME on Wednesday, August 30.

Crop Life Science IPO's lead manager is Interactive Financial Services Ltd, and the registrar is Purva Sharegistry Pvt Ltd. As per the RHP, Crop Life Science is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations. Agriculture chemicals consists of Pesticides and Micro Fertilizer, moreover, the pesticides including Insecticides, Fungicides, Herbicides and Weedicides.