City Crops Agro Share Price

City Crops Agro Limited was initially incorporated as Bhagya AgroCare Private Limited on April 2, 2013 at Gujarat. Its name was changed to City Crops Agro Private Limited on December 06, 2021 and upon its conversion into Public Limited Company, the name changed to City Crops Agro Limited on December 27, 2021.The Company is engaged in the business of trading of products like seeds, agricultural produces mainly Rice, Wheat, Onions, Potato, Tomato, Isabgol, and Pulses. It is also engaged in contract manufacturing for agricultural produce such as Cucumber, Onion and Castor. It is having an integrated online platform which includes products such as cereals, oil seeds, pulses, and vegetables.The company sources the agricultural products from the manufacturers by paying an advance payment with labeling and then these products are sold to network of distributors. Owing to their presence in the market for decades, the Company has built strong relationships with both the farmers as well as with the wholesaler/retailers community. In contract manufacturing, company leases an agricultural land on lease and cultivate Cucumber, Onion and Castor for meeting demand in the market, which gives the company control over the entire process and getting agricultural produces at better rates as compared to the market. A part of the yield is shared with the farmers working on contractual basis on the leased land, which further helps the local farmers community. It currently has around 47.31 acres of land for agricultural production. The Company commenced its operations and got into trading of Agrochemicals, Seeds and allied items in 2021.The Company held its Initial Public Offer of 60,00,000 Equity Shares of Rs 10/ each by raising funds to Rs. 15 Crore in September, 2023.