Dharmaj Crop Guard Limited
- IPO Date28 Nov, 2022 to 30 Nov, 2022
- Listing Date08 Dec, 2022
- Face Value₹10 per share
- Issue Price₹216 to ₹237 per share
- Lot Size60 Shares
- Minimum Investment₹14,220
- Listing AtBSE, NSE
- Total Issue Size1,05,96,924 Shares
(aggregating up to ₹251.15 Cr) - Fresh Issue91,13,924 Shares
(aggregating up to ₹216.00 Cr)
- Offer for Sale14,83,000 Shares
(aggregating up to ₹35.15 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
30 Nov, 2022
Initiation of Refunds
06 Dec, 2022
Listing Date
08 Dec, 2022
28 Nov, 2022
Opening Date
05 Dec, 2022
Basis of Allotment
06 Dec, 2022
Credit of Shares
Dharmaj Crop Guard Limited Lot Size
Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,220 |
| Retail (Max) | 14 | 840 | ₹1,99,080 |
| S-HNI (Min) | 15 | 900 | ₹2,13,300 |
| S-HNI (Max) | 70 | 4200 | ₹9,95,400 |
| B-HNI (Min) | 71 | 4260 | ₹10,09,620 |
Dharmaj Crop Guard Limited Promoter Holding
Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya and Vishal Domadia are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 68.64% |
Dharmaj Crop Guard Limited COMPANY INFORMATION
Dharmaj Crop Guard IPO is a book built issue of Rs 251.15 crores. The issue is a combination of fresh issue of 0.91 crore shares aggregating to Rs 216.00 crores and offer for sale of 0.15 crore shares aggregating to Rs 35.15 crores. Dharmaj Crop Guard IPO bidding started from November 28, 2022 and ended on November 30, 2022. The allotment for Dharmaj Crop Guard IPO was finalized on Monday, December 5, 2022. The shares got listed on BSE, NSE on December 8, 2022. Dharmaj Crop Guard IPO price band is set at ₹216 to ₹237 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹14,220. The minimum lot size investment for sNII is 15 lots (900 shares), amounting to ₹213,300, and for bNII, it is 71 lots (4,260 shares), amounting to ₹1,009,620. Elara Capital (India) Private Limited and Monarch Networth Capital Ltd are the book running lead managers of the Dharmaj Crop Guard IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Dharmaj Crop Guard IPO RHP for detailed information.
Incorporated in 2015, Dharmaj Crop Guard Limited is an agrochemical company. The company is 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.
The company also provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. Dharmaj Crop Guard Limited export products to more than 20 countries in Latin America, East African Countries, the Middle East and Far East Asia.
As of November 30, 2021, Dharmaj Crop Guard Limited had more than 196 institutional products that they sold to more than 600 customers based in India and the international markets. As of November 30, 2021, the company exported its products to more than 60 customers across 20 countries.
The company's manufacturing facility is located in Ahmedabad, Gujarat, India. Dharmaj Crop Guard Limited also has a research and development ("R&D") centre at the manufacturing facility.
The company's branded products are sold in 12 states through a network comprising over 3,700 dealers having access to 8 stock depots in India, as of November 30, 2021.
The revenue from operations for Fiscals 2019, 2020 and 2021 and seven months period ended on October 31, 2021, was Rs 1,393.56 million, Rs 1,982.22 million, Rs 3,024.10 million and Rs 2,272.62 million, respectively.
FAQs About Dharmaj Crop Guard Limited
Dharmaj Crop Guard Limited will open on 28 Nov, 2022 and close on 30 Nov, 2022. Investors must apply within this period to participate.
The Dharmaj Crop Guard Limited price band is set between ₹216.00 and ₹237.00 per share. The minimum lot size is 60, requiring an investment of at least ₹14220.00.
The Dharmaj Crop Guard Limited shares are expected to be listed on 08 Dec, 2022, subject to regulatory approvals and final allotment.
You can track your Dharmaj Crop Guard Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Dharmaj Crop Guard Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.