Dharmaj Crop Guard Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹40(16.88%)
Premium (ELP)
Dharmaj Crop Guard Limited's successfully transitioned to public market status with its listing on NSE, BSE on Dec 08, 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 Nov 28, 2022 and Nov 30, 2022 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Dec 05, 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.
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."
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- Rameshbhai Ravajibhai Talavia
- Jamankumar Hansarajbhai Talavia
- Jagdishbhai Ravjibhai Savaliya
- Vishal Domadia
Dharmaj Crop Guard Limited
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