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Dharmaj Crop Guard Limited IPO (Dharmaj Crop Guard IPO) Detail

Nov 28, 2022 - Nov 30, 2022

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.

Company Financials

Dharmaj Crop Guard Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-1947.66139.955.0210.4620.35
31-Mar-2092.58199.1610.7635.2220.18
31-Mar-21128.87303.5620.9656.1426.92
31-Mar-22219.54396.2928.6982.8236.93
31-Jul-22305.76221.1718.36101.1751.56
Amount in ₹ Crore

Objects of the Issue

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.

Dharmaj Crop Guard IPO Details

IPO Date Nov 28, 2022 to Nov 30, 2022
Listing Date [.]
Face Value ₹10 per share
Price ₹216 to ₹237 per share
Lot Size 60 Shares
Issue Size10,596,924 shares of ₹10
(aggregating up to ₹251.15 Cr)
Fresh Issue9,113,924 shares of ₹10
(aggregating up to ₹216.00 Cr)
Offer for Sale1,483,000 shares of ₹10
(aggregating up to ₹35.15 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya and Vishal Domadia are the company promoters.

Dharmaj Crop Guard IPO Tentative Timetable

Dharmaj Crop Guard IPO opens on Nov 28, 2022, and closes on Nov 30, 2022. The Dharmaj Crop Guard IPO bid date is from Nov 28, 2022 10.00 A.M. to Nov 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 28, 2022
Closing Date Nov 30, 2022
Basis of Allotment Dec 5, 2022
Initiation of Refunds Dec 6, 2022
Credit of Shares to Demat Dec 6, 2022
Listing Date Dec 8, 2022

Dharmaj Crop Guard IPO Lot Size

The Dharmaj Crop Guard IPO lot size is 60 shares. A retail-individual investor can apply for up to 14 lots (840 shares or ₹199,080).

Application Lots Shares Amount
Retail (Min) 1 60 ₹14,220
Retail (Max) 14 840 ₹199,080
S-HNI (Min) 15 900 ₹213,300
B-HNI (Min) 71 4,260 ₹1,009,620

Dharmaj Crop Guard IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.03%

Dharmaj Crop Guard IPO Review

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...


Dharmaj Crop Guard IPO Subscription Status (Bidding Detail)

The Dharmaj Crop Guard IPO is subscribed 35.49 times on Nov 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)

CategorySubscription (times)
QIB48.21
NII52.29
    bNII (bids above ₹10L)52.97
    sNII (bids below ₹10L)50.93
Retail21.53
Employee7.48
Total35.49

Dharmaj Crop Guard IPO Prospectus

Dharmaj Crop Guard IPO Rating

1402
4.2
Rating:Rated 4.2 stars
Vote Here ...

Company Contact Information

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/

Dharmaj Crop Guard IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dharmaj.crop@linkintime.co.in
Website: https://linkintime.co.in/

Dharmaj Crop Guard IPO FAQs

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 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.

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Dharmaj Crop Guard IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Dharmaj Crop Guard IPO lot size is 60 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Dharmaj Crop Guard IPO will be done on Dec 5, 2022, and the allotted shares will be credited to your demat account by Dec 6, 2022. Check the Dharmaj Crop Guard IPO allotment status.

The Dharmaj Crop Guard IPO listing date is not yet announced. The tentative date of Dharmaj Crop Guard IPO listing is Dec 8, 2022.
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