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.
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|
|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 Lot Size|
|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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