Crop Life Science Ltd - IPO

Crop Life Science Ltd IPO Details

Initial public issue of 51,40,000 equity shares of face value of Rs. 10/- each of Crop Life Science Limited (CLSL or the Company or the Issuer) for cash at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share (the Issue Price) aggregating to Rs. 26.73 crores (The Issue), of which 2,60,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 52 per equity share including a share premium of Rs. 42 per equity share aggregating to Rs. 1.35 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 48,80,000 equity shares of face value of Rs.10/- each at a price of Rs. 52 per equity share aggregating to Rs. 25.38 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.99% and 28.47% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 5.2 times of the face value.

Objective of issue

Repayment of unsecured Loan. Long Term Working Capital Requirement. General Corporate Purposes.

Crop Life Science Ltd Contact Details

Crop Life Science Ltd, Shiv Shakti Indust, Unit No 9 Lower Pare, 7 B J R Boricha Marg, Mumbai-400011

Phone - 91-022-23016761

Fax -

Email - cs@croplifescience.com

Website - www.croplifescience.com