
Agriculture / Agrochemicals · NSE / BSE
Incorporated in 2015, Dharmaj Crop Guard Limited is an agrochemical company engaged in manufacturing, distributing, and marketing a wide range of products including insecticides, fungicides, herbicides, plant growth regulators, micro-fertilizers, and antibiotics for B2B and B2C customers. The company provides crop protection solutions to help farmers maximize productivity and profitability and exports its products to over 20 countries across Latin America, East Africa, the Middle East, and Far East Asia. As of November 2021, Dharmaj Crop Guard had more than 196 institutional products sold to over 600 customers in India and abroad, with branded products distributed through a network of 3,700 dealers across 12 states and supported by eight stock depots. The company’s manufacturing facility and R&D centre are located in Ahmedabad, Gujarat, and its revenue from operations for Fiscals 2019, 2020, and 2021, and the seven months ended October 31, 2021, were Rs 1,393.56 million, Rs 1,982.22 million, Rs 3,024.10 million, and Rs 2,272.62 million, respectively.
Price Band
₹216 – ₹237
Issue Size
₹251 Cr
Lot Size
60 shares
GMP
+16.9%
Est. Listing
₹277
at current GMP
Subscribed
35.49x
overall
Open
28 Nov 2022
Close
30 Nov 2022
Allotment
5 Dec 2022
Refund
6 Dec 2022
Demat Credit
7 Dec 2022
Listing
8 Dec 2022
Designated Registrar: Link Intime India Private Limited
Allotment Date
5 Dec 2022
Basis finalization
Refunds Initiate
6 Dec 2022
Mandate release
Demat Credit
7 Dec 2022
Shares in demat
Listing Debut
8 Dec 2022
Trading begins
Dharmaj Crop Guard Limited is bringing an initial public offering (IPO) in the Agriculture / Agrochemicals sector with an aggregate issue size of ₹251.09 Crores. The shares are offered at a price band of ₹216 to ₹237 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2022-11-30, the basis of allotment is scheduled to be finalized on 2022-12-05. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.