Dharmaj Crop Guard Limited
ListedMainboardAgriculture / 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
₹40
+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
Last updated 12 days ago
Overall Subscription
35.49x
Total Demand
QIB Multiplier
52.90x
Institutions & Funds
NII / HNI
57.37x
High Net-Worth
Retail (RII)
23.62x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,045,155 | 108,190,140 | 52.90x |
| NIB | 1,562,309 | 89,631,420 | 57.37x |
| HNIs(10L +) | 1,041,539 | 60,534,660 | 58.12x |
| HNIs (2-10L) | 520,770 | 29,096,760 | 55.87x |
| RETAIL | 3,645,387 | 86,118,600 | 23.62x |
| EMPLOYEES | 50,127 | 411,660 | 8.21x |
| Total | 8,865,287 | 373,983,240 | 35.49x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 61,801 | 1,459,740 | 23.62x |
| HNIs (10L +) | 395 | 22,661 | 57.37x |
| HNIs (2-10L) | 1,892 | 108,544 | 57.37x |
| Total Applications | 64,088 | 1,590,945 | 24.82x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Dharmaj Crop Guard Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Dharmaj Crop Guard Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Dharmaj Crop Guard Limited IPO is ₹40 per equity share. Based on the upper price band of ₹216 to ₹237 per equity share, the estimated listing price is ₹277 (+16.9% expected listing gain).
What is the expected profit per lot for Dharmaj Crop Guard Limited IPO?
With a lot size of 60 shares and current GMP of ₹40, the expected profit per application lot is approx ₹2,400 (+16.9% gain). Minimum application cost is approx ₹14,220.
What is the issue size and price band for Dharmaj Crop Guard Limited IPO?
The Dharmaj Crop Guard Limited IPO aggregate issue size is ₹251.09 Crores with an equity price band set at ₹216 to ₹237 per equity share. The retail lot size is 60 shares requiring a minimum capital outlay of approx. ₹14,220.
How can I check Dharmaj Crop Guard Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 35.49x (Retail: 23.62x, QIB: 52.90x, NII: 57.37x). You can track live multiples directly on our dedicated subscription page.
Where and when will Dharmaj Crop Guard Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2022-12-05. Investors can verify status using PAN card or application number.
When is the listing date for Dharmaj Crop Guard Limited IPO?
Dharmaj Crop Guard Limited shares are scheduled to list on NSE and BSE on 2022-12-08.