Dharmaj Crop Guard IPO Date, Price, Review
Dharmaj Crop Guard IPO: Know everything about Dharmaj Crop Guard IPO. Dharmaj Crop Guard Limited IPO Date, Dharmaj Crop Guard IPO Review and analysis. We will discus about Dharmaj Crop Guard IPO Benefits & Risks. Also, all information related to Dharmaj Crop Guard IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Dharmaj Crop Guard IPO
Dharmaj Crop Guard Limited is engaged in the manufacturing, distribution, and marketing of a wide range of agrochemical formulations such as Insecticides, Fungicides, Herbicides, Plant Growth Regulators, Micro Fertilizers, and Antibiotics. Dharmaj Crop Guard Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 251.15 crore through IPO (Initial public offering).
Dharmaj Crop Guard IPO will open on 28 November 2022 and close on 30 November 2022. The price band of the Dharmaj Crop Guard IPO is ₹216 to ₹237. Dharmaj Crop Guard IPO size is 251.15 Crores. The offer includes 216 Crores under fresh issue and 35.15 Crores under offer for sale. Dharmaj Crop Guard IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Dharmaj Crop Guard IPO listing date is 08 December 2022. You can know about Dharmaj Crop Guard IPO GMP (Grey Market Premium) below.
Dharmaj Crop Guard has given bad financial performance. The company made a profit of ₹20.96 crores in the financial year 2022 (March 2022). The IPO of Dharmaj Crop Guard Limited will be listed on NSE and BSE. Dharmaj Crop Guard Limited IPO face value is ₹10 per equity share.
We will talk about Dharmaj Crop Guard Limited financials, benefits, and risks of investing in the company.
About Dharmaj Crop Guard International Ltd
Dharamaj Crop Guard Limited was established in the year 2015. Dharmaj Crop Guard Limited manufactures agrochemical formulations such as Insecticides, Fungicides, Herbicides, Plant Growth Regulators, Micro Fertilizers, and Antibiotics for its clients. The company manufactures its products for B2C and B2B customers. It is also engaged in the marketing and distribution of agrochemical products through the company's proprietary and generic brands
Dharmaj Crop Guard Limited exports its products to more than 20 countries in Latin America, East African countries, the Middle East, and Far East Asia. The company sells its agrochemical products in powder, granules, and liquid forms to its customers. The company also manufactures and sells general insect and pest control chemicals for public health and animal health protection.
Purpose of the offer
- Funding incremental working capital requirements.
- To prepay/repay all or a part of the dues raised by the company.
- To fulfill general corporate purposes.
Dharmaj Crop Guard IPO Date and Price Band Details
| IPO Open: | 28 November 2022 |
| IPO Close: | 30 November 2022 |
| Listing Date: | 08 December 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹251.15 crores |
| Fresh Issue: | Approx ₹216 crores |
| Offer For Sale: | Approx ₹35.15 crores |
| Price Band: | ₹216 to ₹237 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Dharmaj Crop Guard IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 60 Shares |
| Minimum Amount: | ₹14,220 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 840 Shares |
| Maximum Amount: | ₹199,080 |
Dharmaj Crop Guard IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 28 November 2022 |
| IPO Closing Date: | 30 November 2022 |
| Basis of Allotment: | 05 December 2022 |
| Refund Date: | 06 December 2022 |
| Credit to Demat Account: | 06 December 2022 |
| Listing Date: | 08 December 2022 |
Dharmaj Crop Guard IPO Review
| Happiest Post | Apply |
| Anand Rathi | Apply |
| Angle One | Not Rated yet |
| Axis Capital | Not Rated yet |
| HDFC Securities | Not Rated yet |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Dharmaj Crop Guard IPO on our website.
Dharmaj Crop Guard Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company's product portfolio has a wide range of products.
- The company has experienced promoters and management personnel.
- The company manufactures a wide range of agrochemical formulations like Insecticides, Fungicides, Herbicides, Plant Growth Regulators, Micro Fertilizers, and Antibiotics.
- The company has shown good financial performance in the past.
- The company sells its products through B2B and B2C channels.
Risks
- The company does not enter into long-term contracts with most of its customers.
- The company adheres to quality norms and is subject to regular inspections and audits.
- The company's business is cyclical and is affected by climatic conditions and natural calamities.
- A major portion of the company's revenue comes from a few key customers.
- Companies rely on third-party shipping and transportation companies to deliver their products to customers.
- There is already a lot of competition in the agrochemical sector.
Dharmaj Crop Guard Ltd Financials
Dharmaj Crop Guard Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹47.66 | ₹139.95 | ₹5.02 |
| Mar 2020 | ₹92.58 | ₹199.16 | ₹10.76 |
| Mar 2021 | ₹128.87 | ₹303.56 | ₹20.96 |
| Oct 2022 | ₹194.43 | ₹228.15 | ₹18.67 |
Promoters
- Vishal Domadia
- Rameshbhai Ravajibhai Talavia
- Jamankumar Hansarajbhai Talavia
- Jagdishbhai Ravjibhai Savaliya
Contact Details of Dharmaj Crop Guard
Plot No. 408 to 411, Kerala GIDC Estate,
Off NH-8, At: Kerala, Taluka Bavla,
Ahmedabad – 382 220,
Gujarat, India
Telephone: +91-2714-268000
E-mail: cs@dharmajcrop.com
Website: www.dharmajcrop.com
Dharmaj Crop Guard Lead Managers
- Elara Capital (India) Private Limited
- Monarch Networth Capital Limited
Dharmaj Crop Guard IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: dharmaj.crop@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Dharmaj Crop Guard Limited is an agrochemical company engaged in the business of manufacturing, distributing, and marketing agrochemical formulations. Looking at the financials of the company, the track record has been good. In the financial year 2021, the company had a profit of Rs 20.96 crore. Also, the company is running in profit for the last several financial years. Our suggestion is that you can apply in this IPO for Good listing gain as well as long-term. Dharmaj Crop Guard Limited IPO financial statement and other information are provided above.
Dharmaj Crop Guard IPO FAQs
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