The Dharmaj Crop Guard IPO date has been scheduled; the IPO will go public on November 28 and close on November 30. Dharmaj Crop Guard IPO would generate about 251 crores through an IPO that includes a fresh issue of 216 crores and an offer for sale of up to 1,483,000 equity shares of 10 apiece. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Dharmaj Crop Guard Ltd (DCGL) is an agrochemical company that manufactures, distributes, and markets a wide range of agrochemical formulations to B2C and B2B customers, including insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers, and antibiotics. They also market and distribute agrochemical products to Indian farmers through our distribution network under brands in-licensed by us, owned by us, and through generic brands. They offer crop protection solutions to farmers in order to help them maximise productivity and profitability. They
sell their products in over 20 countries in Latin America, East Africa, the Middle East, and Far East Asia. The CIB & RC granted the company 392 registrations for agrochemical formulations, of which 201 are for sale in India as well as export and 191 are purely for export.
Dharmaj Crop Guard raises Rs 75 crore via anchor book ahead of IPO
Trading Members of the Exchange are informed that, under the Anchor Investors (AIs) section of the Dharmaj Crop Guard Limited Public Issue, 31,62,540 equity shares were subscribed today at Rs. 237/- per equity share. For your convenience, a copy of the Company’s Announcement dated November 25, 2022 is enclosed for your review.
Important Details
- 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.
Brokerage Firm IPO Review
- BP Equities: Apply
- Anand Rathi: Apply
- Canara Bank: Apply.
- Capital Market: May Apply
- Choice Equity: May Apply
- Marwadi Shares: Apply
- SMC Global: Neutral
- Swastika Investmart: Apply
Dharmaj Crop Guard IPO GMP, Date & Price Band Details
| IPO Open: | 28 November 2022 |
| IPO Close: | 30 November 2022 |
| IPO Size: | Approx ₹251 Crores |
| Fresh Issue: | Approx ₹216 Crores |
| Offer for Sale: | Approx 1,483,000 shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹216 to ₹237 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Dharmaj Crop Guard IPO Market Lot
The Dharmaj Crop Guard IPO minimum market lot is 60 shares with ₹14,220 application amount. The retail investors can apply up-to 13 lots with 840 shares or ₹199,080 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 60 | ₹14,220 |
| Retail Maximum | 13 | 840 | ₹199,080 |
| S-HNI Minimum | 15 | 900 | ₹213,300 |
| B-HNI Minimum | 71 | 4250 | ₹1,009,620 |
Dharmaj Crop Guard IPO Allotment & Listing Dates
The Dharmaj Crop Guard IPO date is 28 November and the close date is 30 November. The Dharmaj Crop Guard IPO allotment will be finalized on 5 December and the IPO listing on 8 December.
| Price Band Announcement: | November 23, 2022 |
| Anchor Investors Allotment: | November 25, 2022 |
| IPO Open Date: | November 28, 2022 |
| IPO Close Date: | November 30 2022 |
| Basis of Allotment: | December 5, 2022 |
| Refunds: | December 6, 2022 |
| Credit to Demat Account: | December 6, 2022 |
| Dharmaj Crop Guard IPO Listing Date: | December 8, 2022 |
Dharmaj Crop Guard IPO Form
How to apply for the Dharmaj Crop Guard IPO? –> You can apply for Dharmaj Crop Guard IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Dharmaj Crop Guard IPO in the Invest section. The other option is you can apply for Dharmaj Crop Guard IPO via IPO forms downloaded via NSE and BSE. Check out the Dharmaj Crop Guard forms.
Dharmaj Crop Guard Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹140 | ₹133 | ₹5.02 |
| 2021 | ₹199 | ₹185 | ₹10.76 |
| 2022 | ₹304 | ₹275 | ₹20.96 |
| 2022 7M | ₹228 | ₹203 | ₹18.67 |
Dharmaj Crop Guard IPO Valuation – FY2022
Check Dharmaj Crop Guard IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.49 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 37.33% |
| Net Asset Value (NAV): | ₹22.75 per Equity Share |
Dharmaj Crop Guard IPO Lead Managers
- Elara Securities (India) Private Limited
- Monarch Networth Capital Ltd
Dharmaj Crop Guard IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dharmaj.crop@linkintime.co.in
Website: https://linkintime.co.in
Company Address
Dharmaj Crop Guard Limited
Plot No. 408 to 411,
Kerala GIDC Estate, Off NH-8, At: Kerala,
Taluka Bavla, Ahmedabad – 382220
Phone: +91-79-29603735
Website: http://www.dharmajcrop.com
Peer Group
- Rallis India
- India Pesticides
- Punjab Chemical & Crop Protection
- Bharat Rasayan
- Astec Lifesciences
- Heranba Industries
Company Promoters
- Rameshbhai Ravajibhai Talavia
- Jamankumar Hansarajbhai Talavia
- Jagdishbhai Ravjibhai Savaliya
- Vishal Domadia
Dharmaj Crop Guard IPO FAQs
Q1. What is Dharmaj Crop Guard IPO?
Ans. Dharmaj Crop Guard IPO is a main-board IPO. They are going to raise ₹251 Crores via IPO. The issue is priced at ₹216 to ₹237 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Dharmaj Crop Guard IPO will open?
Ans. The IPO is to open on November 28, 2022 for QIB, NII, and Retail Investors.
Q3. What is Dharmaj Crop Guard IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Dharmaj Crop Guard IPO?
Ans. You can apply for Dharmaj Crop Guard IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Dharmaj Crop Guard IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Dharmaj Crop Guard”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Dharmaj Crop Guard IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Dharmaj Crop Guard”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Dharmaj Crop Guard IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Dharmaj Crop Guard”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Dharmaj Crop Guard IPO Size?
Ans. Dharmaj Crop Guard IPO size is ₹251 crores.
Q9. What is Dharmaj Crop Guard IPO Price Band?
Ans. Dharmaj Crop Guard IPO Price Band is ₹216 to ₹237.
Q10. What is Dharmaj Crop Guard IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 60 Shares with ₹14,220 amount while the maximum bid is 840 shares with ₹199,080.
Q11. What is the Dharmaj Crop Guard IPO Allotment Date?
Ans. Dharmaj Crop Guard IPO allotment date is December 5, 2022.
Q12. What is the Dharmaj Crop Guard IPO Listing Date?
Ans. Dharmaj Crop Guard IPO listing date is December 8, 2022. The IPO is to list on BSE and NSE.
