Crop Life Science IPO opens today, price band set at Rs 52 a share

Crop Life Science Limited, a manufacturer of agricultural chemicals, has set the price band for its initial public offering at Rs 52 a share. The issue will open on August 18 and close on August 22.

The company aims to raise Rs 26.73 crore through fresh issue, with shares set to be listed on the NSE EMERGE platform. The proceeds from the issue worth Rs 70 lakh will be used to repay debt, Rs 19 crore will be used for working capital requirement and Rs 6.5 crore for general corporate purposes.

Interactive Financial Services is the sole book running manager to the issue.

Corp Life Science Ltd is an agrochemical company that produces, distributes, and markets various agricultural chemical formulations. The company is engaged in the manufacturing of a diverse range of products, including pesticides and micro fertilisers. The pesticides category comprises insecticides, fungicides, herbicides, and weedicides. The company possesses 296 technical formulation approvals for manufacturing insecticide products.