Dharmaj ipo

The agrochemical company Dharmaj Crop Guard IPO will be hit the market 28 November 2022 and closes on 30 November 2022. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹251.15 crore through IPO. The company will issue fresh shares of ₹216 crores through this IPO and will issue shares through offer for sale of 14,83,000 shares. . The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO. Dharmaj Crop Guard Limited is agrochemical company. The company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers. You can check to know The company also engaged in the marketing and distribution of agrochemical products under brands in-licensed by us, owned by us and through generic brands, to Indian farmers through our distribution network. The company provide crop protection solutions to the farmer to assist them to maximize productivity and profitability. You can check to know The company export our products to more than 25 countries in Latin America, East African Countries, Middle East and Far East Asia. We sell our agrochemical products in granules, powder and liquid forms our customers. Additionally, The company manufacture and sell general insect and pest control chemicals for Public Health and Animal Health protectio...

New Delhi: The Rs 251 crore initial public offering (IPO) of Dharmaj Crop Guard kicks off on Monday, November 28 and will run till Wednesday, November 28. The company will sell its shares in the range of Rs 216-237 apiece. The issue consists of fresh equity shares worth Rs 216 crore, with existing promoters and shareholders offloading 14,83,000 equity shares worth Rs 35.15 crore via offer for sale (OFS). Bids can be placed in the lot size of 60 shares. Manjulaben Rameshbhai Talavia, Muktaben Jamankumar Talavia, Domadia Artiben and Ilaben Jagdishbhai Savaliya are the existing investors participating in the OFS. The company has reserved 55,000 equity shares worth Rs 1.25 crore for the eligible employees of the company, who will get a discount of 5%. The range of products includes insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics for B2C and B2B customers. It provides crop protection solutions to the farmer. Dharmaj Crop Guard exports products to more than 20 countries in Latin America, East African Countries, the Middle East and Far East Asia. The company's manufacturing facility is located in Ahmedabad, Gujarat. It clocked a 37% growth in profit at Rs 28.69 crore for the year ended March 2022, with a 30% increase in revenue at Rs 394.2 crore compared to the previous year. Profit for Q1FY23 stood at Rs 18.4 crore on revenue of Rs 220.9 crore. Elara Capital and The majority of the brokerage firms remain positive on the issue and ...

• • • • Dharmaj Crop Guard IPO Share Allotment today: Here’s how to check your status online Dharmaj Crop Guard IPO Share Allotment today: Here’s how to check your status online Dharmaj Crop Guard IPO GMP Today: The shares of agrochemical company Dharmaj Crop Guard will get allotted to investors on Monday, December 5. Here is how to check if you have been allotted the shares. Dharmaj Crop Guard IPO Allotment: 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 Limited IPO Share Price: The initial public offering (IPO) of agrochemical firm Dharmaj Crop Guard was subscribed 35.49 times over the 80.12 lakh shares that were on offer during the subscription period from November 28-30, 2022. The price band was fixed at Rs 216–237 per share. Dharmaj Crop Guard IPO received bids of over 28.43 crore (28,43,58,360) shares against the total issue size of over 80.12 lakh (80,12,990) shares, data available with the National Stock Exchange (NSE) showed. The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 48.21 times, while those of non institutional investors was subscribed 52.29 times and that of retail individual investors (RIIs) was subscribed 21.53 times. Separately, the employees’ portion was subs...

The Initial Public Offer (IPO) of Dharmaj Crop Guard was subscribed 35.49 times on the last day of subscription on Wednesday, November 30, 2022. The issue received bids for 28,43,51,820 shares against 80,12,990 shares on offer. The initial share sale had a fresh issue of up to ₹216 crore and an offer for sale (OFS) of 14,83,000 equity shares. Its price range was ₹216-237 a share. It raised ₹74.95 crore from anchor investors, including Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund, ahead of its initial share sale. Incorporated in 2015, Dharmaj Crop Guard is an agrochemical company engaged in the business of manufacturing, distributing, and marketing a wide range of agro chemicals such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers, and antibiotic. “The company has a diverse set of products with customers across domestic as well as international markets. The operations look relatively small compared to its peers, however, revenues, EBITDA & margins are on the rise. At the upper band, post-fresh issue, the asking p/e post fresh issue comes around 27.8x based on FY22 earnings," said Abhay Doshi, co-founder of UnlistedArena. The company aims to use the proceeds from the fresh issue for 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 ...

Dharmaj Crop Guard IPO Subscription Status Live Dharmaj Crop Guard IPO subscribed 35.49 times. The public issue subscribed 21.53 times in the retail category, 48.21 times in QIB, and 52.29 times in the NII category by Nov 30, 2022. Investor Category Subscription (times) Shares Bid for Total Amount (Rs Cr.)* Qualified Institutions 48.21 10,81,90,140 2,564.11 Non-Institutional Buyers 52.29 8,96,35,200 2,124.35 bNII (bids above ₹10L) 52.97 6,05,34,660 1,434.67 sNII (bids below ₹10L) 50.93 2,91,00,540 689.68 Retail Investors 21.53 8,61,21,360 2,041.08 Employees 7.48 4,11,660 9.76 Others [.] 0 0 Total 35.49 28,43,58,360 6,739.29 Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range. Dharmaj Crop Guard IPO Shares Offered Dharmaj Crop Guard IPO is a public issue of 8,012,990 equity shares. The issue offers 3,999,800 shares to retail investors, 2,243,990 shares to qualified institutional buyers, and 1,714,200 shares to non-institutional investors. Category Shares Offered Amount (Rs Cr) Size (%) QIB 2,243,990 53.18 28.00% NII 1,714,200 40.63 21.39% bNII (bids above ₹10L) 1,142,800 27.08 14.26% sNII (bids below ₹10L) 571,400 13.54 7.13% Retail 3,999,800 94.80 49.92% Employee 55,000 1.30 0.69% Total 8,012,990 189.91 100% IPO Investor Categories • Qualified Institutional Buyers (QIB) Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who inv...

Review By Dilip Davda on Nov 23, 2022 •DCGL is an emerging player in agrochemicals having B2C and B2B customers. •The company has marked steady growth in its top and bottom lines for the reported periods. •Based on FY23 earnings, the issue appears reasonably priced. •This segment is poised for bright prospects and gaining fancy. •Investors may consider parking funds for medium to long-term rewards. ABOUT COMPANY: Dharmaj Crop Guard Ltd. (DCGL) is an agrochemical company 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. It is also engaged in the marketing and distribution of agrochemical products under brands in-licensed and owned by it, and through generic brands, to Indian farmers through the distribution network. DCGL provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. The company exports products to more than 25 countries in Latin America, East African Countries, the Middle East and Far East Asia. It sells agrochemical products in granules, powder, and liquid forms to its customers. Additionally, DCGL manufactures and sells general insect and pest control chemicals for Public Health and Animal Health protection. With an aim to offer a wide product portfolio across the agri-value chain, it continues to expand its product ...