Dharmaj crop guard ipo

In line with analyst expectations of double-digit gains, agrochemical company Dharmaj Crop Guard made a stellar debut on bourses on December 8, despite the raging volatility in the markets. The stock listed with 12 percent premium over its issue price of Rs 237. It started trading at Rs 266 on the NSE and BSE. Follow our live blog for all the market action The Rs 251-crore public issue of the Ahmedabad-based company was subscribed 35.5 times, with qualified institutional buyers and high net worth individuals bidding for 48 times and 52 times their respective allotted quotas. Retail investors put in bids for 21.5 times the shares in the portion reserved for them. The price band for the offer was Rs 216-237 per share. At the upper end of the price band, the IPO was at 20x its FY22 earnings which was a fair valuation, as per analysts. “The valuation was reasonable when we compare with listed peers. The company has created a niche place with its B2C and B2B model,” Narendra Solanki of Anand Rathi Shares & Stock Brokers, said. Dharmaj Crop Guard is engaged in the business of manufacturing, distributing and marketing a range of agro-chemical formulations such as insecticides, fungicides, herbicides, plant-growth regulator, micro fertilisers and antibiotics to B2C and B2B customers. With the proceeds from the public issue, a new manufacturing facility will be set up at Saykha in Gujarat, according to the red herring prospectus. The company clocked a 37 percent growth in profi...

Agrochemical company Dharmaj Crop Guard has received bids of 1.43 crore shares for its initial public offering against an issue size of 80.12 lakh shares, resulting into a 1.79 times percent subscription, on November 28, the first day of bidding. Retail investors are at the forefront, putting in bids for 2.6 times of the shares allotted to the them. Employees have bid for 1.77 times as against 55,000 reserved shares. They will get shares at a discount of Rs 10 a share to the final offer price. Qualified institutional buyers (QIB) have bid for 35 percent of the 22.43 lakh shares allotted to them while Non Institutional Investors (NIIS) have bid for 1.8 times of the 17.14 lakh shares allotted to them. Half of the offer has been reserved for QIBs, 15 percent for high networth individuals (non-institutional investors), and the remaining 35 percent for retail. Also read: Dharmaj Crop Guard IPO opens today | 10 things to know before you buy The company has reduced its offer size to 80.12 lakh shares from 1.05 crore shares after garnering Rs 75 crore from anchor book on November 25. Dharmaj Crop aims to mobilise Rs 251.15 crore from the maiden public issue comprising a fresh issue of Rs 216 crore and an offer-for-sale of Rs 35.15 crore by promoters. It is a 100 percent owned by promoters, whose shareholding will get reduced to around 73 percent post issue. The price band for the offer is Rs 216-237 per share, while anchor book was subscribed at upper price band. Click Here To Rea...

• • • • Dharmaj Crop Guard IPO listing today: Dharmaj Crop Guard makes a firm debut, lists 12% higher from issue price Dharmaj Crop Guard IPO listing today: Dharmaj Crop Guard makes a firm debut, lists 12% higher from issue price Dharmaj Crop Guard IPO listing today: The scrip of agrochemical company Dharmaj Crop Guard got listed at Rs 266.05 apiece on the NSE, thereby registering a gain of 12.26 per cent from its offer price of Rs 237.00. Dharmaj Crop Guard IPO Listing Date: Dharmaj Crop Guard is engaged in the business of manufacturing, distributing, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic. (Image: Dharmaj Crop Guard website) Dharmaj Crop Guard IPO Listing Date, Price, Review: Shares of agrochemical firm Dharmaj Crop Guard made a firm debut on Thursday, getting listed at a premium of over 12 per cent from their issue price on the stock exchanges. The scrip got listed at Rs 266.05 apiece on the National Stock Exchange (NSE), thereby registering a gain of 12.26 per cent from its offer price of Rs 237.00, while on the BSE, it opened at Rs 266.00, up 12.24 per cent from the issue price. The stock further rose from its opening levels and touched a high of Rs 278.90 on the BSE and Rs 279.00 on the NSE during the first 90 minutes of trade. At 11:30 am, the scrip was trading at Rs 270.90 on the BSE, up 14.30 per cent from the issue price while on NSE it was a...

Incorporated in 2015, 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 IPO Detail...

Dharmaj Crop Guard Limited (IPO) incorporated in 2015, 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. Company Financials Peri...

The agrochemical company Dharmaj Crop Guard is likely to announce the allotment status of its initial public offering (IPO) on Monday, December 5. Overall, the IPO received decent demand from investors amidst volatile market conditions, being subscribed 35.49 times. The qualified institutional buyer portion was subscribed 48.21 times. The portion reserved for non-institutional investors witnessed a subscription of 52.29 times. The retail portion, on the other hand, was subscribed 21.53 times. The grey market premium (GMP) for the company’s shares stood at ₹55 per share. The Ahmedabad-based agrochemical company distributes and markets insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers and antibiotics to the B2B and B2C segments. Here is how to check Dharmaj Crop Guard IPO allotment status on the stock exchange websites: • Go to the • On BSE, Select 'Equity' and then from the dropdown, select ‘Dharmaj Crop Guard’. • Now, enter your application number and PAN. • Click on 'Search'. • Please note the details will only be available once the shares are allotted. You can also visit the registrar website (Link Intime India) to check your application status. • Visit the registrar's website • Click on 'Select company' and click on ‘Dharmaj Crop Guard’. • Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID. • Enter the captcha code and click ’submit’. Once you hit 'submit', the status of y...