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Dharmaj Crop Guard IPO Date, Review, Price, Allotment, Analysis

Dharmaj Crop Guard IPO

Table of Contents

Dharmaj Crop Guard IPO Details: Dharmaj Crop Guard IPO date is fixed, the IPO is to hit the market on 28 November and will close on 30 November. Dharmaj Crop Guard IPO to raise around ₹251 crores via IPO that comprises fresh issue of ₹216 crores and offer for sale up to 1,483,000 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

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.

They also engage 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. They provide crop protection solutions to the farmer to assist them to maximize productivity and profitability. They export their products to more than 20 countries in Latin America, East African Countries, the Middle East, and Far East Asia. The company obtained 392 registrations for agrochemical formulations from the CIB&RC, out of which 201 agrochemical formulations are for sale in India as well as for export and 191 agrochemical formulations are exclusively for exports.

Dharmaj Crop Guard raises Rs 75 crore via anchor book ahead of IPO

Trading Members of the Exchange are hereby informed that, under Anchor Investors (AIs) portion in the Public Issue of Dharmaj Crop Guard Limited, 31,62,540 equity shares have been subscribed today at Rs. 237/- per equity share. A copy of the Announcement dated November 25, 2022, issued by the Company in this regard is enclosed for your reference.

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.

Dharmaj Crop Guard IPO Review (Apply or Not)

  • Apply

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 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
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum160₹14,220
Retail Maximum13840₹199,080
S-HNI Minimum15900₹213,300
B-HNI Minimum714250₹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

You can check IPO subscription status and IPO allotment status on their respective pages.

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 – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Dharmaj Crop Guard Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
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

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 Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Dharmaj Crop Guard IPO Allotment Status Check

Check Dharmaj Crop Guard IPO allotment status on Linkintime website allotment URL. Click Here

Dharmaj Crop Guard IPO Lead Managers

  • Elara Securities (India) Private Limited
  • Monarch Networth Capital Ltd

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/

Dharmaj Crop Guard IPO FAQs

What is Dharmaj Crop Guard IPO?

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.

When Dharmaj Crop Guard IPO will open?

The IPO is to open on November 28, 2022 for QIB, NII, and Retail Investors.

What is Dharmaj Crop Guard IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Dharmaj Crop Guard IPO?

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.

How to Apply the Dharmaj Crop Guard IPO through Zerodha?

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.

How to Apply the Dharmaj Crop Guard IPO through Upstox?

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.

How to Apply the Dharmaj Crop Guard IPO through Paytm Money?

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.

What is Dharmaj Crop Guard IPO Size?

Dharmaj Crop Guard IPO size is ₹251 crores.

What is Dharmaj Crop Guard IPO Price Band?

Dharmaj Crop Guard IPO Price Band is ₹216 to ₹237.

What is Dharmaj Crop Guard IPO Minimum and Maximum Lot Size?

The minimum bid is 60 Shares with ₹14,220 amount while the maximum bid is 840 shares with ₹199,080.

What is the Dharmaj Crop Guard IPO Allotment Date?

Dharmaj Crop Guard IPO allotment date is December 5, 2022.

What is the Dharmaj Crop Guard IPO Listing Date?

Dharmaj Crop Guard IPO listing date is December 8, 2022. The IPO is to list on BSE and NSE.

Note: The Dharmaj Crop Guard IPO price band and date are officially announced. The IPO grey market premium (Dharmaj Crop Guard IPO Premium) will be added to the IPO grey market page as it will start).

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