Dharmaj Crop Guard IPO GMP, Price, Subscription, Status, Lot Size
Dharmaj Crop Guard IPO GMP, Price, Subscription, Status, and Lot Size are available in this article. The Dharmaj Crop Guard IPO will open on 28th November 2022 and close on 30th November 2022. The bidding for the Dharmaj Crop Guard Initial public offering will start from 10:00 AM (28th November 2022) to 05:00 PM (30th November 2022). Check out the complete article for more information. The price band for the Dharmaj Crop Guard IPO has been fixed at INR 216 to 237 per share.
Dharmaj Crop Guard IPO GMP
The Dharmaj Crop Guard Limited, established in 2015, is an agrochemical company. The company manufactures, distributes, and markets agrochemical formulations. The agrochemical formulations include fungicides, herbicides, insecticides, micro fertilizers, antibiotics for the B2B and B2C customers, and plant growth regulators. It also supplies crop protection solutions to farmers to increase profitability and productivity. This company provides its services not only in India but also in several other countries. It exports its products to over 20 East African Countries, countries of the Far East and Middle East Asia, and countries in Latin America.
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The Dharmaj Crop Guard Limited has sold more than 196 institutional products to over 600 Indian and International customers till 30th November 2021. The manufacturing department of the company is located in Ahmedabad, Gujarat, India. It also has its R&D (Research and Development) center at its manufacturing department.
As of 30th November 2021, Dharmaj Crop Guard Limited sold its products in 12 states through a network. This network covers more than 3,700 dealers that have access to eight stock depots in India. On 31st October 2021, the total operating revenue for Fiscals 2019, 2020, and 2021 and seven months ended. The total revenue for Fiscals 2019 was INR 1,393.56 million. For Fiscals 2020, the total revenue was INR 1,982.22 million. For Fiscals 2021, the total revenue was INR 3,024.10 million. The total revenue for the remaining seven months is INR 2,272.62 million.
Dharmaj Crop Guard Price
| Dharmaj Crop Guard IPO Prize | |
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Initial public offering (IPO) Date
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28th November 2022 to 30th November 2022 |
| Listing Date | [.] |
| Face Value | INR 10 per Share |
| Price | INR 216 to INR 237 per Share |
| Lot Size | 60 Shares |
| Issue Size | 10,596,924 shares of INR 10 (aggregating up to INR 251.15 crores) |
| Fresh Issue | 9,113,924 shares of INR 10 (aggregating up to INR 216.00 crores) |
| Offer for Sale | 1,483,000 shares of INR 10 (aggregating up to INR 35.15 crores) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE and NSE |
| Offered QIB Shares | Not more than 50% of the Net Offer |
| Offered NII (HNI) Shares | Not less than 15% of the Offer |
| Offered Retail Shares | Not less than 35% of the Net Offer |
| Promoters of the Company | Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya, and Vishal Domadia are the company promoters. |
Dharmaj Crop Guard Subscription
The Dharmaj Crop Guard IPO has INR 216 worth of fresh issue of equity shares and also up to INR 14.83 lakh equity shares as an OFS (offer-for-sale) by its shareholders. The amount that will be received from the fresh issue will be used to fund the capital expenditure of the company’s manufacturing department at Saykha, Bharuch, Gujarat, repayment or pre-payment of loans, general corporate purposes, and working capital requirements.
| Dharmaj Crop Guard IPO | |
|---|---|
| Event | Date (Tentative) |
| Opening Date | 28th November 2022 |
| Closing Date | 30th November 2022 |
| Basis of Allotment | 5th December 2022 |
| Initiation of Refunds | 6th December 2022 |
| Credit Shares to Demat | 6th December 2022 |
| Listing Date | 8th December 2022 |
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Dharmaj Crop Guard Status
According to market researchers, the shares of the Dharmaj Crop Guard are available in the grey market at a premium (GMP) price of INR 58. The company’s shares will probably list on the BSE and NSE stock exchanges on 8th December 2022, Thursday.
Dharmaj Crop Guard IPO Lot Size
The lot size of the Dharmaj Crop Guard IPO is 60 Shares. An individual retail investor can use up to 14 lots (840 Shares) or INR 199,080. We have provided the complete list of the Dharmaj Crop Guard IPO Lot Size in the table mentioned below.
| Dharmaj Crop Guard IPO Lot Size | |||
|---|---|---|---|
| Application | Lot Size | Shares | Amount |
| Retail (Minimum) | 1 | 60 | INR 14,220 |
| Retail (Maximum) | 14 | 840 | INR 199,080 |
| S-HNI (Minimum) | 15 | 900 | INR 213,300 |
| B-HNI (Minimum) | 71 | 4,260 | INR 1,009,620 |
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