74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

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

Dharmaj Crop Guard IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 251.15 Cr. The company is based in Ahmedabad and caters to Agro sector. Monarch Networth Capital , Elara Capital (India) are the merchant bankers of Dharmaj Crop Guard IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th January 2022.

Dharmaj Crop Guard IPO open date is 28th November 2022 and close date is 30th November 2022. IPO Allotment Date is 5th December 2022 and Listing date is 8th December 2022.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 251.15 Cr. Avg IPO Size (Sector Based) : ₹ 281.87 cr.
  • Sector: Agro IPO so far: 19
  • Merchant Banker: Monarch Networth IPO by BRLM so far: 3
  • City: Ahmedabad IPO so far: 31
  • Revenue (annualised): ₹ 663.51 cr.
            PAT: (annualised): ₹ 55.08 cr. Read Financial Information >>
  • PE Ratio: 14.55x Average Sector PE Ratio: 18.16x

Dharmaj Crop Guard IPO Date

Date of DRHP:
27th January 2022
IPO Open Date:
28th November 2022
IPO Close Date:
30th November 2022
IPO Allotment Date:
5th December 2022
Initiation of Refund:
6th December 2022
IPO Listing Date:
8th December 2022

Dharmaj Crop IPO Info, Size, Subscription

Dharmaj Crop Guard IPO size is ₹ 251.15 Cr. with IPO price of ₹ 237.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 251.15 Cr.

Issue Price:
₹ 237.00

Market Capitalisation :
₹ 18.36 Cr.

PE multiple :
14.55

Subscription :
35.49 times

Pre Issue Promoter Holding :
100.00 %

Post Issue Promoter Holding :
68.64 %

Dharmaj Crop Guard IPO Information

Sub Sector : agrochemicals having B2C and B2B customers
Dharmaj Crop Guard Limited is an agrochemical manufacturer, distributor, and marketer of a wide range of agrochemical formulations, including insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers, and antibiotics, catering to both B2C and B2B customers. The company markets and distributes agrochemical products under its own brands, in-licensed brands, and generic brands, targeting Indian farmers through a robust distribution network. Their focus is on providing crop protection solutions that help farmers maximize productivity and profitability. The company exports its products to over 20 countries across Latin America, East Africa, the Middle East, and Far East Asia.
The products are available in various forms such as granules, powders, and liquids. Additionally, the company manufactures and sells general insect and pest control chemicals for public health and animal
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Object of Issue (Dharmaj Crop IPO Objectives)

  • Funding capital expenditure towards setting up of a manufacturing facility at Saykha, Bharuch, Gujarat
  • Funding incremental working capital requirements of the Company
  • Repayment and/or pre-payment, in full and/or part, of certain borrowings of the Company
  • General Corporate Purposes

Monarch Networth Capital Limited is the book-running lead manager of the Dharmaj Crop Guard IPO. Link Intime India Private Limited is the Registrar for Dharmaj Crop Guard IPO.

Dharmaj Crop Guard IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Dharmaj Crop Guard IPO?

Dharmaj Crop Guard IPO, based in Ahmedabad, operates in the   Agro sector with a focus on agrochemicals having B2C and B2B customers. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Dharmaj Crop Guard IPO size is ₹ 251.15 Cr. with fresh issue size of ₹ 216.00 Cr. and Offer for sale being ₹ 35.15Cr.

When is Dharmaj Crop IPO allotment?

The IPO allotment date for Dharmaj Crop Guard IPO is expected to be 5th December 2022, after the finalization of basis of allotment. Investors can check Dharmaj Crop Guard IPO allotment status on the registrars website, Link Intime India Private Limited . Dharmaj Crop Guard IPO refund dates are 6th December 2022.

When is Dharmaj Crop Guard IPO listing date?

Dharmaj Crop Guard IPO is expected to be listed on 8th December 2022.

What is the price band for Dharmaj Crop IPO?

The upper price band for the Dharmaj Crop Guard IPO is set at ₹ 237.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Dharmaj Crop Guard IPO Review?

For IPO analysis on Dharmaj Crop Guard IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Dharmaj Crop Guard IPO?

To apply for the Dharmaj Crop Guard IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 30th November 2022. After submission, funds are blocked until the basis of allotment of Dharmaj Crop Guard IPO is finalised.

Who is the merchant banker of Dharmaj Crop IPO?

The merchant banker for Dharmaj Crop Guard IPO is Monarch Networth Capital Limited , Elara Capital (India) Private Limited . Monarch Networth Capital Limited , Elara Capital (India) Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Dharmaj Crop Guard IPO RHP for further details.

Who is the Registrar of Dharmaj Crop Guard IPO?

The registrar for Dharmaj Crop Guard IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Dharmaj Crop Guard IPO through their official website or helpline.

What is the Dharmaj Crop Guard IPO subscription?

Dharmaj Crop Guard IPO was subscribed 35.49 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Dharmaj Crop Guard IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Dharmaj Crop Guard Financial Review Page

Dharmaj Crop Guard IPO subscription was 35.49 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Dharmaj Crop Guard IPO listed at a listing price of 266.40 against the offer price of 237.00.

The current market price of Dharmaj Crop Guard is 281.19.

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