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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.
| IPO Date | November 28, 2022 to November 30, 2022 |
| Listing Date | December 8, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹216 to ₹237 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 10,596,924 shares (aggregating up to ₹251.15 Cr) |
| Fresh Issue | 9,113,924 shares (aggregating up to ₹216.00 Cr) |
| Offer for Sale | 1,483,000 shares of ₹10 (aggregating up to ₹35.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Dharmaj Crop Guard IPO offers 8,012,990 shares. 2,243,990 (28.00%) to QIB, 1,714,200 (21.39%) to NII, 3,999,800 (49.92%) to RII, 55,000 (0.69%) to employees. 66,663 RIIs will receive minimum 60 shares and 634 (sNII) and 1,269 (bNII) will receive minimum 900 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,243,990 (28.00%) | NA |
| NII (HNI) Shares Offered | 1,714,200 (21.39%) | |
| bNII > ₹10L | 1,142,800 (14.26%) | 1,269 |
| sNII < ₹10L | 571,400 (7.13%) | 634 |
| Retail Shares Offered | 3,999,800 (49.92%) | 66,663 |
| Employee Shares Offered | 55,000 (0.69%) | NA |
| Total Shares Offered | 8,012,990 (100%) |
Dharmaj Crop Guard IPO opens on November 28, 2022, and closes on November 30, 2022.
| IPO Open Date | Monday, November 28, 2022 |
| IPO Close Date | Wednesday, November 30, 2022 |
| Basis of Allotment | Monday, December 5, 2022 |
| Initiation of Refunds | Tuesday, December 6, 2022 |
| Credit of Shares to Demat | Tuesday, December 6, 2022 |
| Listing Date | Thursday, December 8, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 30, 2022 |
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 | ₹199,080 |
| S-HNI (Min) | 15 | 900 | ₹213,300 |
| S-HNI (Max) | 70 | 4,200 | ₹995,400 |
| B-HNI (Min) | 71 | 4,260 | ₹1,009,620 |
| Lot Size Calculator | |||
Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya and Vishal Domadia are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 68.64% |
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 47.66 | 139.95 | 5.02 | 10.46 | 20.35 |
| 31-Mar-20 | 92.58 | 199.16 | 10.76 | 35.22 | 20.18 |
| 31-Mar-21 | 128.87 | 303.56 | 20.96 | 56.14 | 26.92 |
| 31-Mar-22 | 219.54 | 396.29 | 28.69 | 82.82 | 36.93 |
| 31-Jul-22 | 305.76 | 221.17 | 18.36 | 101.17 | 51.56 |
| Amount in ₹ Crore | |||||
The market capitalization of Dharmaj Crop Guard IPO is Rs 801 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.55 |
The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:
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.
[Dilip Davda] DCGL is in the agrochemical segment and has created a niche place with its B2C and B2B model. It has posted steady growth in its top and bottom lines and is poised for bright prospects with more products launch up its sleeves. Currently, this segment is also witnessing fancy in the market. Investors may consider investment for the medium to long-term rewards. Read detail review...
The Dharmaj Crop Guard IPO is subscribed 35.49 times on November 30, 2022 7:00:00 PM. The public issue subscribed 21.53 times in the retail category, 48.21 times in the QIB category, and 52.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 48.21 |
| NII | 52.29 |
| bNII (bids above ₹10L) | 52.97 |
| sNII (bids below ₹10L) | 50.93 |
| Retail | 21.53 |
| Employee | 7.48 |
| Total | 35.49 |
| Listing Date | December 8, 2022 |
| BSE Script Code | 543687 |
| NSE Symbol | DHARMAJ |
| ISIN | INE00OQ01016 |
| Final Issue Price | ₹237 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹237.00 |
| ₹266.00 |
| ₹264.10 |
| ₹278.90 |
| ₹266.40 |
| NSE |
|---|
| ₹237.00 |
| ₹266.05 |
| ₹264.30 |
| ₹279.00 |
| ₹266.30 |
Dharmaj Crop Guard Limited
Plot No. 408 to 411,
Kerala GIDC Estate, Off NH-8, At: Kerala,
Taluka Bavla, Ahmedabad – 382220
Phone: +91-79-29603735
Email:
Website: http://www.dharmajcrop.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dharmaj.crop@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Dharmaj Crop Guard IPO is a main-board IPO of 10,596,924 equity shares of the face value of ₹10 aggregating up to ₹251.15 Crores. The issue is priced at ₹216 to ₹237 per share. The minimum order quantity is 60 Shares.
The IPO opens on November 28, 2022, and closes on November 30, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dharmaj Crop Guard IPO using UPI as a payment gateway. Zerodha customers can apply in Dharmaj Crop Guard IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dharmaj Crop Guard IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dharmaj Crop Guard IPO opens on November 28, 2022 and closes on November 30, 2022.
Dharmaj Crop Guard IPO lot size is 60 Shares, and the minimum amount required is ₹14,220.
You can apply in Dharmaj Crop Guard IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dharmaj Crop Guard IPO will be done on Monday, December 5, 2022, and the allotted shares will be credited to your demat account by Tuesday, December 6, 2022. Check the Dharmaj Crop Guard IPO allotment status.
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