Dharmaj Crop Guard IPO GMP: Lot Size, Price, Subscription

This article talks about the Dharmaj Crop Guard IPO GMP, Price, Subscription, Status, and Lot Size. The initial public offering (IPO) for Dharmaj Crop Guard will start on November 28, 2022, and end on November 30, 2022.

From 10 a.m. on November 28, 2022, until 5 p.m. on November 30, 2022, people can bid on the Dharmaj Crop Guard Initial Public Offering. In this article, you can find out more. For the Dharmaj Crop Guard IPO, each share will cost between INR 216 and INR 237.

Dharmaj Crop Guard IPO GMP

Dharmaj Crop Guard Limited is a company that makes chemicals for farming. It was founded in 2015. The company’s main focus is on making, distributing, and selling agrochemical formulations like fungicides, herbicides, insecticides, micro fertilizers, antibiotics, and plant growth regulators to both B2B and B2C customers.

Dharmaj Crop Guard Limited also helps farmers protect their crops, so they can make more money and produce more. In addition to the Indian market, the company ships its goods to more than 20 countries in East Africa, the Far East, Middle East Asia, and Latin America.

Dharmaj Crop Guard IPO GMP: Lot Size, Price, Subscription

As of November 30, 2021, Dharmaj Crop Guard Limited had sold more than 196 institutional products to more than 600 customers in India and around the world. In Ahmedabad, Gujarat, India, the company has a manufacturing department and a research and development (R&D) center.

Dharmaj Crop Guard Limited sells its products in 12 states in India through a network of more than 3,700 dealers. It can get stock from eight places in India. In Fiscal 2019, the company made a total of INR 1,393.56 million in sales. In Fiscal 2020, it made INR 1,982.22 million, and in Fiscal 2021, it made INR 3,024.10 million.

As of October 31, 2021, the total operating income for Fiscals 2019, 2020, and 2021, plus the first seven months of Fiscal 2021, was INR 2,272.62 million.

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Dharmaj Crop Guard Subscription

The initial public offering (IPO) of Dharmaj Crop Guard comprises a fresh issue of equity shares valued at INR 216 and an offer for sale (OFS) of up to INR 14.83 lakh equity shares by its shareholders.

                                Dharmaj Crop Guard IPO
Event  Date (Tentative)
Opening Date 28th November 2022
Closing Date 30th November 2022
Credit Shares to Demat 6th December 2022
Listing Date 8th December 2022
Basis of Allotment  5th December 2022
Initiation of Refunds 6th December 2022

The proceeds from the new offering will be used to finance the capital expenditures of the company’s manufacturing unit in Saykha, Bharuch, Gujarat, to repay or prepay loans, to meet general corporate objectives, and to satisfy working capital needs.

Dharmaj Crop Guard Price

                           Dharmaj Crop Guard IPO Prize
Face Value INR 10 per Share
Price INR 216 to INR 237 per Share
Lot Size 60 Shares
Issue Type Book Built Issue IPO
Listing At BSE and NSE
Offered QIB Shares Not more than 50% of the Net Offer
 Offered NII (HNI) Shares Not less than 15% of the Offer
 Offered Retail Shares Not less than 35% of the Net Offer
Issue Size 10,596,924 shares of INR 10
(aggregating up to INR 251.15 crores)
Fresh Issue 9,113,924 shares of INR 10
(aggregating up to INR 216.00 crores)
Offer for Sale 1,483,000 shares of INR 10
(aggregating up to INR 35.15 crores)
Promoters of the Company Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya, and Vishal Domadia are the company promoters.

Status of the Dharmaj Crop Guard

Market researchers say that the shares of Dharmaj Crop Guard can be bought on the “grey market” for a premium of INR 58. The shares of the company are likely to start trading on the BSE and NSE stock exchanges on Thursday, December 8, 2022.

Dharmaj Crop Guard IPO Lot Size

The Dharmaj Crop Guard IPO has a lot of size of 60 shares. A retail investor can use up to 14 lots, which is the same as 840 shares or INR 199,080. In the table below, we’ve put together a full list of the Dharmaj Crop Guard IPO Lot Size.

Dharmaj Crop Guard IPO GMP: Lot Size, Price, Subscription

                                        Dharmaj Crop Guard IPO Lot Size     
Application Lot Size Shares Amount
S-HNI (Minimum) 15 900 INR 213,300
B-HNI (Minimum) 71 4,260 INR 1,009,620
Retail (Minimum) 1 60 INR 14,220
Retail (Maximum) 14 840 INR 199,080

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