Dharmaj Crop Guard Limited IPO
MainboardPesticides & Agrochemicals
Listed On: Dec 8, 2022 at ₹ 266.05(NSE)
₹ 14220 /60 Shares
Check Allotment28 Nov, 2022
Open Date30 Nov, 2022
Close Date05 Dec, 2022
Allotment Date08 Dec, 2022
Listing DatePrice Summary
Last Closing
305.25 (28.8%)52 Week High
386.5052 Week Low
165.10Last Update
8-Oct-2025 3:30 PMDharmaj Crop Guard Limited IPO Issue Details
- Issue Price ₹216-237 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Total ₹251.15 Cr : Fresh Issue : ₹216 Cr + OFS 1,483,000 ₹35.15 Cr
- Listing at BSE, NSE
- List Price 266.05(NSE)
- Listing Date 2022-12-08
- Lead Manager Elara Capital (India) Private,Monarch Networth Capital Ltd
- Registrar Link Intime India Private Ltd
Dharmaj Crop Guard Limited IPO Details
- Retail Portion 35% (Number of Retail Applications : 61,490 Approx),
(Number of sHNI Applications : 504 Approx),
(Number of bHNI Applications : 1,170 Approx)
Dharmaj Crop Guard Limited IPO Details
The IPO of Dharmaj Crop Guard Limited is priced at ₹216-237 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 28, 2022 and ends on Nov 30, 2022. The allotment for Dharmaj Crop Guard Limited IPO will be finalized on Dec 5, 2022. Dharmaj Crop Guard Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 8, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Elara Capital (India) Private,Monarch Networth Capital Ltd.
The Dharmaj Crop Guard Limited IPO sets its price band at 216-237 for each share. A single application for Dharmaj Crop Guard Limited IPO must contain at least 60 shares.
Dharmaj Crop Guard Limited IPO Subscription Analysis And Details
| As on | QIB | NII bNII sNII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 2,243,990 | 1,714,200 1,142,800 571,400 | 3,999,800 | 55,000 | 8,012,990 |
Day 1 28-11-22 05:00 PM | 0.35 x | 1.80 1.50 x 2.40 x | 2.60 x | 1.77 x | 1.79 x |
Day 2 29-11-22 05:00 PM | 0.76 x | 8.74 7.68 x 10.85 x | 7.75 x | 3.75 x | 5.97 x |
Day 3 30-11-22 05:00 PM | 48.21 x | 52.29 52.97 x 50.92 x | 21.53 x | 7.48 x | 35.49 x |
Dharmaj Crop Guard Limited Valuations
Dharmaj Crop Guard Limited Company Financials
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 219.54 | 128.87 | 92.58 | 47.66 |
| Revenue | 396.29 | 303.56 | 199.16 | 139.95 |
| Profit After Tax | 28.69 | 20.96 | 10.76 | 5.02 |
About Dharmaj Crop Guard Limited Company
Dharmaj Crop Guard Limited is an agrochemical company. The company is engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics to the B2C and B2B customers.
The company also provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. Dharmaj Crop Guard Limited export products to more than 20 countries in Latin America, East African Countries, the Middle East and Far East Asia.
As of November 30, 2021, Dharmaj Crop Guard Limited had more than 196 institutional products that they sold to more than 600 customers based in India and the international markets. As of November 30, 2021, the company exported its products to more than 60 customers across 20 countries.
The company's manufacturing facility is located in Ahmedabad, Gujarat, India. Dharmaj Crop Guard Limited also has a research and development (R&D) centre at the manufacturing facility.
The company's branded products are sold in 12 states through a network comprising over 3,700 dealers having access to 8 stock depots in India, as of November 30, 2021.
The revenue from operations for Fiscals 2019, 2020 and 2021 and seven months period ended on October 31, 2021, was Rs 1,393.56 million, Rs 1,982.22 million, Rs 3,024.10 million and Rs 2,272.62 million, respectively.
Dharmaj Crop Guard Limited - Promoter(s)
Rameshbhai Ravajibhai Talavia
Jamankumar Hansarajbhai Talavia
Jagdishbhai Ravjibhai Savaliya
Vishal Domadia
Pre Issue Share Holding : 100%
Post Issue Share Holding : 73.03%
Dharmaj Crop Guard Limited IPO - Issue Objectives
Funding capital expenditure towards setting up of a manufacturing facility at Saykha, Bharuch, Gujarat.
Funding incremental working capital requirements of the Company.
Repayment and/or pre-payment, in full and/or part, of certain borrowings of the Company.
General corporate purposes.
Dharmaj Crop Guard Limited IPO - Anchor Investors
Dharmaj Crop Guard raises Rs 75 crore via anchor book ahead of IPO.
Three investors - Elara India Opportunities Fund, Rajasthan Global Securities, and Resonance Opportunities Fund - invested in the company via anchor book.
Elara India Opportunities Fund bought shares worth Rs 34.94 crore, Rajasthan Global Securities purchased Rs 25 crore shares, and Resonance Opportunities Fund Rs 15 crore shares.
Dharmaj Crop Guard Limited IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Dharmaj Crop | 5.78 | 27.8 | 34.64% | 396 |
| Rallis India | 2.64 | 28.1 | 10.20% | 2,604 |
| India Pesticides | 4.07 | 18.8 | 30.07% | 716 |
| Punjab Chemical | 5.45 | 17.9 | 45.20% | 933 |
| Bharat Rasayan | 5.02 | 23.7 | 24.00% | 1,301 |
| Heranba Industries | 2.68 | 11.8 | 30.60% | 1,450 |
Dharmaj Crop Guard Limited IPO - FAQs
Ans. Dharmaj Crop Guard Limited IPO is a Mainboard IPO. The issue is priced at ₹216-237 per equity share. The minimum order quantity is 60 Shares. The IPO opens on Nov 28, 2022, and closes on Nov 30, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Dharmaj Crop Guard Limited IPO opens on Nov 28, 2022 and closes on Nov 30, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Dharmaj Crop Guard Limited IPO is Total ₹251.15 Cr : Fresh Issue : ₹216 Cr + OFS 1,483,000 ₹35.15 Cr.
Ans. The Dharmaj Crop Guard Limited IPO price band is set between ₹216-237 per equity share.
Ans. To apply for Dharmaj Crop Guard Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dharmaj Crop Guard Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dharmaj Crop Guard Limited IPO is Dec 5, 2022.
Ans. The Dharmaj Crop Guard Limited IPO will be listed on Dec 8, 2022.
Ans. Follow the steps to check the Dharmaj Crop Guard Limited IPO allotment status online.
