58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

City Crops Agro limited IPO Analysis

City Crops Agro limited IPO is a book build IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Agro sector. Turnaround Corporate Advisors Private is the merchant banker of City Crops Agro limited IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 9th March 2023.

City Crops Agro limited IPO posted revenues of Rs 24.63 crores and PAT of Rs 1.17 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Fixed Price

City Crops IPO Financial Performance (Restated)

Financial results of City Crops Agro limited IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY23
FY22
FY21
Balance Sheet
Assets
14.03
12.99
2.47

Net Worth
11.94
10.77
0.05

Total Debt
0.02
0.05
0.01

Profit & Loss
Revenue
Revenue on annualised basis
24.61
24.61
17.75
3.48

EBITDA
EBITDA on annualised basis
1.36
1.36
0.55
0.04

PAT
PAT on annualised basis
1.17
1.17
0.48
0.04

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

City Crops IPO Key performance Indicators (KPI)

City Crops Agro limited IPO PAT Margin is 4.75%, ROCE (Return on Capital Employed) is [●]% as per latest financial. The below table shows City Crops Agro limited IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY23
FY22
FY21

EBITDA Margin (%)
5.53
3.10
1.15

PAT Margin (%)
4.75
2.70
1.15

EPS (Rs.)
1.13
0.75
43.16

ROE (%)
9.80
4.46
80.00

ROCE (%)
[●]
[●]
[●]

ROA (%)
8.34
3.70
1.62

Debt to Equity (x)  
0.00
0.00
0.20

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

City Crops Agro limited IPO Valuation Metrics

The market Capitalisation of City Crops Agro limited IPO is Rs 40.79 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
40.79

Enterprice Value (EV) (Rs. Cr.):
40.78

EV/EBITDA (times) :
29.99

PE Multiple (times) :
34.72

P/B (times) :
1.51

NAV (Rs.) :
11.58

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in City Crops prospectus?

The City Crops Agro limited IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of City Crops IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows City Crops Agro limited IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for City Crops IPO ?

The post-IPO market capitalisation of City Crops Agro limited IPO is ₹40.79 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of City Crops IPO?

The City Crops Agro limitedIPO has a Price-to-Earnings (PE) ratio of 34.72 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of City Crops Agro limited IPO?

City Crops Agro limited IPO reported revenue of ₹24.63 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from City Crops Agro limited IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of City Crops Agro limited IPO?

City Crops Agro limited recorded an EBITDA of ₹ 1.36 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of City Crops Agro limited IPO?

City Crops Agro limited Profit After Tax (PAT) is ₹1.17 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 24.61 Cr.
            EBITDA: ₹ 1.36 Cr.
            PAT: ₹ 1.17 Cr.
  • EBITDA Margin: 5.53 %
            Pat Margin: 4.75%
  • Net Worth: ₹ 11.94 Cr.
  • Market Capitalisation: ₹ 40.79 Cr.
  • P/E: 34.72 times
  • P/BV: 1.51 times
  • EV/EBITDA: 29.99 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

City Crops Agro limited operates in Agro and Trading Of Products Like Seeds, Agri Products.. The Issue is listed on BSE SME in Oct, 2023. City Crops Agro limited IPO size was 15.00 with Issue price of 25.00 .

City Crops Agro limited IPO subscription was 3.47 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

City Crops Agro limited IPO listed at a listing price of 25.42 against the offer price of 25.00.

The current market price of City Crops Agro limited is 28.20.

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