Agro Chemical Company Crystal Crop Protection has got green signle from SEBI to present an initial public offer (IPO). The company will offer an IPO of Rs 1,000 crore. Sebi has approved around 37 companies to present an IPO 2018 this year.
Crystal Crop had filed draft papers with the market regulator in April to present an IPO. SEBI has taken the company ‘Observation’ on July 27. It is mandatory to get ‘Observation’ from SEBI before going to publish the IPO for any companies.
Crystal Crop Protection is doing a business in many segments of Agro-Chem Sector including Crop Protection, Seeds, Agri Equipments and more. The company also manufactures agro-tech products along with technical manufacturing system and producing Agrochem formulation and production.
Crystal Crop have plan to be issued fresh shares of Rs 545 crore, while an offer for sale of up to Rs 455 crore from promoter and existing shareholders (Everstone Capital) and more
Earnings from this IPO will be used to meet operational requirements. At the same time, it will take all strategic plans including company acquisition, new annoucement, etc.
The responsibility of managing the company’s IPO has been entrusted to ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), Nomura Financial Advisory and Securities (India) and SMC Capital.
Crystal Crop IPO Reviews and Recommendation:
This ipo is good for both long – short term. Recently the company has acquired two more India businesses and the market and position in the market is good. Financial performance report is good as compare to last five years..We recommends here to invest..
|Crystal Crop Protection IPO Details|
|Issue Price Band||–|
|Minimum bid (lot size)||–|
|IPO Size||INR 1000 Cr|
|Listing At||BSE, NSE|
Crystal Crop IPO Financial Performance (in INR crore)
Crystal Crop IPO Prospectus:
- Draft Prospectus
- Red Herring Prospectus
Crystal Crop IPO Lead Manager(s):
- Axis Capital Ltd
- HSBC Securities & Capital Markets (India) Pvt Ltd
- ICICI Securities Ltd
- Nomura Financial Advisory & Sec. (India) Pvt Ltd
- SMC Capitals Ltd
Crystal Crop IPO Promoters:
- Nand Kishore Aggarwal
- Ankur Aggarwal
- Kanak Aggarwal
Company Contact Information:
Crystal Crop Protection Limited
(Formally known as Crystal Crop Protection Pvt. Ltd.)
B-95, Wazirpur Industrial Area,
Wazirpur, Delhi-110052, India
mail us: [email protected]
Link Intime India Private Ltd
Email: [email protected]