About the Company:
Crystal Crop Protection Ltd is a R&D based crop protection manufacturing and marketing company. Company’s products cater to the entire lifecycle of crops, from sowing to harvesting.
They manufacture crop protection products which include insecticides, fungicides, herbicides and plant growth regulators and bio-stimulants.
Company was incorporated on July 13, 1994 as Jai Bharat Crop Chemical Private Limited and has been involved in the crop protection business.
Company has diversified their business from manufacturing and marketing domestic agro chemicals into manufacturing and distribution of seeds, and the distribution of agri-equipment and exports of agro chemical products.
Company has a pan-India distribution network of approximately 7,000 independent distribution partners.
Company’s Business Verticals:
- Agro Chemicals Business.
- Seeds Business.
- Agri Equipment Business.
Company’s Agro chemicals Business:
Company manufactures crop protection products which include insecticides, fungicides, herbicides and plant growth regulators and bio-stimulants.
Company’s Seeds Business:
Company entered into the seeds business through the acquisition of Rohini Seeds and Rohini Bioseeds and Agritech in Fiscal 2012, which was subsequently merged with Crystal Crop Protection in 2017.
Crystal Crop Protection Ltd produces and markets seeds primarily for maize, cotton, paddy, millet and sorghum.
They produce and market seeds that have been developed through company’s own R&D capabilities. Company has three research farms, two located at Telangana and one located in Maharashtra, where new seed varieties are developed.
Company’s Agri Equipment Business:
Currently company distributes knapsack crop sprayers which are procured from manufacturers in the People’s Republic of China. Company believes that the Agri Equipment business complements their agrochemicals and seeds business.
Company’s Crop Protection Business is Classified into “Brands Business“, “Institutional Business” and “Exports Business“.
Brands: Formulations are sold as branded products to brand customers. Company has over 70 branded formulations that are sold to farmers.
Institutional: Company sells Technicals, bulk products and pack-to-pack products to their institutional customers. Company has more than 40 institutional products that are sold to more than 100 customers.
Exports: They export Technicals and formulations internationally. Company exports their products to approximately 50 customers across 18 countries.
Company’s Manufacturing Facilities:
Crystal Crop Protection Ltd has four operational formulations manufacturing facilities, two of which are located at Bari Brahmana, Jammu, Jammu & Kashmir, one located at Sonepat, Haryana and one located at Anand, Gujarat.
Additionally, company has one operational Technicals manufacturing facility at Sonepat, Haryana and two under-construction Technicals manufacturing facilities at GIDC, Dahej, Gujarat and MIDC, Nagpur, Maharashtra.
Company’s Distribution Network:
Company has a pan-India distribution network of approximately 7,000 independent distribution partners.
The distribution network is focused on the agriculture intensive states of India such as Telangana, Andhra Pradesh, Maharashtra, Punjab, Madhya Pradesh, Karnataka, Gujarat, Haryana, Uttar Pradesh, Rajasthan and West Bengal.
Company’s Export Business:
Crystal Crop Protection Ltd exports their formulations and Technicals products to institutional customers internationally.
Company’s products are exported to approximately 50 customers across 18 countries, including Iran, Turkey, UAE, Bangladesh, Nepal, Pakistan, Nigeria, Tanzania, Zimbabwe, South Africa, Egypt and Indonesia.
Company has also incorporated wholly-owned subsidiaries in Australia and South Africa to distribute the products in these markets in the future.
Management Team:
- Mr. Nand Kishore Aggarwal (Designation: Executive Chairman)
- Mr. Ankur Aggarwal (Designation: Managing Director)
Objectives of the Issue:
- Prepayment/ repayment of certain working capital facilities availed by the Company.
- Funding acquisitions and other strategic initiatives.
- General corporate purposes.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | 31st Dec 17 |
|---|---|---|---|---|---|
| Revenue | 1144.0 | 1251.8 | 1048.7 | 1285.17 | 1071.5 |
| Net Profit | 141.83 | 78.9 | 39.3 | 86.49 | 109.08 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Crystal Crop Protection Ltd | 10 | 6.40 | TBA | 11.79% | 62.24 |
| Rallis India Ltd | 1 | 15.28 | 14.94 | 26.7% | 57.16 |
| Dhanuka Agritech Ltd | 2 | 24.33 | 22.41 | 23.0% | 105.92 |
| PI Industries Ltd | 1 | 33.39 | 26.12 | 28.2% | 118.27 |
| Excel Cropcare | 5 | 68.22 | 44.27 | 16.8% | 406.95 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | Will be Updated |
| Issue Closes on:. | Will be Updated |
| Issue Price | Will be Updated |
| Face Value | Rs.10 |
| Minimum Lot | Will be Updated |
| Minimum Investment | Will be Updated |
| Issue Constitutes | Will be Updated |
| Issue Size | Will be Updated |
| Market Cap | Will be Updated |
| Listing at | NSE & BSE |
| Equity Shares Offered | Will be Updated |
| Equity Shares Prior | 14,28,23,855 |
| Equity Shares after the issue | Will be Updated |
Important Dates:
| Finalization of Basis of Allotment | Will be Updated |
| Initiation of Refunds | Will be Updated |
| Credit of Equity Shares: | Will be Updated |
| Listing Date: | Will be Updated |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 00:00) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | ||||
| NII | ||||
| Retail | ||||
| Employee | ||||
| TOTAL |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.40 | Will be Updated | 11.79% | 62.24 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
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| Crystal Crop Protection Ltd 206, 2nd Floor, Span Trade Centre Opp. Kochrab Gandhi Ashram Near Paldi Char Rasta Ashram Road, Ellisbridge Ahmedabad 380 006 Tel: +91 79 2657 8923 E-mail: investor@crystalcrop.com Website: www.crystalcropprotection.com |
| IPO Registrar Info: |
|---|
| Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083 Tel: +91 22 4918 6200 Fax: +91 22 4918 6195 E-mail: crystalcrop.ipo@linkintime.co.in Website: www.linkintime.co.in |
