IPO

Dharmaj Crop Guard Limited IPO

Mainboard

Pesticides & Agrochemicals

Listed On: Dec 8, 2022 at ₹ 266.05(NSE)

₹ 14220 /60 Shares

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Price Summary

Last Closing

334.00 (40.93%)

52 Week High

389.65

52 Week Low

196.95

Last Update

20-Sep-2024 3:30 PM

Dharmaj Crop Guard Limited IPO Details

28 Nov, 2022

Open Date

30 Nov, 2022

Close Date

05 Dec, 2022

Allotment Date

08 Dec, 2022

Listing Date

Issue Price

₹216-237 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

266.05(NSE)

Listing Date

2022-12-08

Market Lot

60 Shares (₹14,220/-)
sHNI : 900 Shares (₹2,13,300/-)
bHNI : 4,260 Shares (₹10,09,620/-)

Lead Manager

Elara Capital (India) Private,Monarch Networth Capital Ltd

Issue Size

Total ₹251.15 Cr : Fresh Issue : ₹216 Cr + OFS 1,483,000 ₹35.15 Cr

Retail Portion

35% (Number of Retail Applications : 61,490 Approx),
(Number of sHNI Applications : 504 Approx),
(Number of bHNI Applications : 1,170 Approx)

Subscription

35.49 times

IPO Docs

DRHP RHP

Dharmaj Crop Guard Limited IPO Subscription Details

As onQIBNII
bNII   sNII		RetailEmployeeTotal
Shares Offered / Reserved2,243,9901,714,200
1,142,800    571,400		3,999,80055,0008,012,990
Day 1 - 28-11-22 05:00 PM0.35 x1.80
1.50 x   2.40 x		2.60 x1.77 x1.79 x
Day 2 - 29-11-22 05:00 PM0.76 x8.74
7.68 x   10.85 x		7.75 x3.75 x5.97 x
Day 3 - 30-11-22 05:00 PM48.21 x52.29
52.97 x   50.92 x		21.53 x7.48 x35.49 x

Dharmaj Crop Guard Limited Valuations

Earnings Per Share (EPS)

₹8.49/-

P/E Ratio

27.87

RoNW

37.33%

Net Asset Value (NAV) - As on 31.03.22

₹40.99

Dharmaj Crop Guard Limited Company Financials All values are in ₹ Cr.

31-Mar-2231-Mar-2131-Mar-2031-Mar-19
Assets219.54128.8792.5847.66
Revenue396.29303.56199.16139.95
Profit After Tax28.6920.9610.765.02

About The Company

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.

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Dharmaj Crop Guard Limited - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Dharmaj Crop5.7827.834.64%396
Rallis India2.6428.110.20%2,604
India Pesticides4.0718.830.07%716
Punjab Chemical5.4517.945.20%933
Bharat Rasayan5.0223.724.00%1,301
Heranba Industries2.6811.830.60%1,450

Dharmaj Crop Guard Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73.03%

Company Promoter(s)

  1. Rameshbhai Ravajibhai Talavia
  2. Jamankumar Hansarajbhai Talavia
  3. Jagdishbhai Ravjibhai Savaliya
  4. Vishal Domadia

Dharmaj Crop Guard Limited IPO - Issue Objectives

  1. Funding capital expenditure towards setting up of a manufacturing facility at Saykha, Bharuch, Gujarat.
  2. Funding incremental working capital requirements of the Company.
  3. Repayment and/or pre-payment, in full and/or part, of certain borrowings of the Company.
  4. General corporate purposes.

Dharmaj Crop Guard Limited IPO - Anchor Investors

Dharmaj Crop Guard raises Rs 75 crore via anchor book ahead of IPO.
Three investors - Elara India Opportunities Fund, Rajasthan Global Securities, and Resonance Opportunities Fund - invested in the company via anchor book.
Elara India Opportunities Fund bought shares worth Rs 34.94 crore, Rajasthan Global Securities purchased Rs 25 crore shares, and Resonance Opportunities Fund Rs 15 crore shares.

Dharmaj Crop Guard Limited IPO - FAQs

Ans. Dharmaj Crop Guard Limited IPO is a Mainboard IPO. The issue is priced at ₹216-237 per equity share. The minimum order quantity is 60 Shares. The IPO opens on Nov 28, 2022, and closes on Nov 30, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Dharmaj Crop Guard Limited IPO opens on Nov 28, 2022 and closes on Nov 30, 2022.

Ans. The size of Dharmaj Crop Guard Limited IPO is Total ₹251.15 Cr : Fresh Issue : ₹216 Cr + OFS 1,483,000 ₹35.15 Cr.

Ans. The IPO price band is set between ₹216-237 per equity share.

Ans. To apply for Dharmaj Crop Guard Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Dharmaj Crop Guard Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Dharmaj Crop Guard Limited IPO is Dec 5, 2022.

Ans. The Dharmaj Crop Guard Limited IPO will be listed on Dec 8, 2022.

Ans. Follow the steps to check the allotment status for Dharmaj Crop Guard Limited IPO here.