Dharmaj Crop Guard Limited IPO
Dharmaj Crop Guard Limited IPO
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Dharmaj Crop Guard Limited's successfully transitioned to public market status with its listing on NSE, BSE on 08-12-2022. The IPO mobilized 1,05,96,924 Shares in cumulative capital, including 91,13,924 Shares for corporate expansion and ₹35.14 Cr for shareholder liquidity management.
The public offering was conducted within the price parameters of ₹216 to ₹237, with minimum investment lots of 60 shares. subscription activity between 28-11-2022 and 30-11-2022 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 05-12-2022, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Dharmaj Crop IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Dharmaj Crop IPO Strength Factors
NA
Dharmaj Crop IPO Risk Factors
NA
Dharmaj Crop IPO Lead Manager(s)
- Elara Capital (India) Private Limited
- Monarch Networth Capital Limited
Dharmaj Crop IPO Promoter(s)
- Rameshbhai Ravajibhai Talavia
- Jamankumar Hansarajbhai Talavia
- Jagdishbhai Ravjibhai Savaliya
- Vishal Domadia
Dharmaj Crop IPO FAQs
Dharmaj Crop Guard Limited IPO subscribed 35.49 times. The public issue subscribed 23.62 times in the retail category,52.9times in QIB, and 58.12 times in the HNI (10+) category byNovember 24, 2025 9:57:06 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Dharmaj Crop IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Dharmaj Crop IPO FAQs
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