The agrochemical company Dharmaj Crop Guard IPO will be hit the market 28 November 2022 and closes on 30 November 2022. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹251.15 crore through IPO. The company will issue fresh shares of ₹216 crores through this IPO and will issue shares through offer for sale of 14,83,000 shares. .
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Dharmaj Crop Guard Limited is agrochemical company. The company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers. You can check to know Dharmaj Crop Guard IPO GMP here.
The company also engaged in the marketing and distribution of agrochemical products under brands in-licensed by us, owned by us and through generic brands, to Indian farmers through our distribution network. The company provide crop protection solutions to the farmer to assist them to maximize productivity and profitability. You can check to know Dharmaj Crop Guard IPO subscription status here.
The company export our products to more than 25 countries in Latin America, East African Countries, Middle East and Far East Asia. We sell our agrochemical products in granules, powder and liquid forms our customers. Additionally, The company manufacture and sell general insect and pest control chemicals for Public Health and Animal Health protection. You can check to know Dharmaj Crop Guard IPO Allotment status here.
| Read also: Upcoming IPO List 2022 |
The company offer a wide product portfolio across the agri-value chain,and continue to expand our product portfolio by introducing new products. We manufacture and sell various formulations of insecticides, fungicide and herbicides, plant growth regulators, micro fertilizers and antibiotics. The company obtained 464 registrations for agrochemical formulations from the CIB&RC, out of which 269 agrochemical formulations are for sale in India as well as for export and 195 agrochemical formulations are exclusively for exports.
The company has also applied for registrations of 18 agrochemical formulations and 17 agrochemical technicals from the CIB&RC, which are pending at various stages. The company has 157 trademark registrations including our branded products. As of September 30, 2022, the company has over 118 branded formulations that are sold to farmers
Object Of the Issue :
- 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.
Company Strengths :
- Diversified portfolio of our products and consistent focus on quality and innovation.
- Strong R&D capabilities with focus on innovation and sustainability.
- Established distribution network with strong branded products and stable relationship with our institutional customers.
- Experienced Promoters and management team.
- Track record of strong operational and financial performance.
Dharmaj Crop Guard IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹28.69 Cr (March 2022) |
| Issue Price : | ₹237/ EQ (Cut Off) |
| EPS 2022 : | ₹11.62 (March 2022) |
| PE Ratio : | 20.39 (PE Approx) |
| RoNW : | 34.64% (March 2022) |
| NAV Value : | ₹33.55 (March 2022) |
| Total Assets : | ₹305.76 Cr (June 2022) |
| Market Cap : | ₹585.00 Cr Approx |
| Promoter Holding : | 100.00% Pre Issue 73.03% Post Issue |
| Team Review : | ● The company leading player in agrochemicals having B2C and B2B customers. ● The company PE ratio is very Attractive. ● The company financial performance very strong. ● The issue appears to be priced fairly based on FY23 earnings. ● The company promoter stake will decrease but will hold 73.03% stake after issue which is very good. ✔ Apply For Long Term |
Dharmaj Crop Guard IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 28 November 2022 |
| IPO Close : | 30 November 2022 |
| IPO Size : | ₹251.15. Cr {10,596,924 Sharse} |
| Face Value : | ₹10. Equity Share |
| Price Band : | ₹216–₹237 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹251.15 Cr {10,596,924 Sharse} |
| Fresh Issue : | ₹216.00 Cr {9,113,924 Shares} |
| Offer For Sale : | ₹35.15 Cr {14,83,000 Shares} |
| EMP : | ₹1.30 Cr {55,000 Shares} |
Dharmaj Crop Guard IPO Market Lot :
Dharmaj Crop Guard IPO Minimum Market lot is 1 Lot with 60 shares with ₹14,220 Application amount. The retail investors can apply up to 14 lots with 840 Shares or ₹199,080 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 60 | ₹14,220 |
| Retail Maximum : | 14 | 840 | ₹199,080 |
| S-HNI Minimum : | 15 | 900 | ₹213,300 |
| B-HNI Minimum : | 71 | 4260 | ₹10,09,620 |
Dharmaj Crop Guard IPO Shares Offer :
A Total of 10,596,924 shares are to be bid for the public issue by Dharmaj Crop Guard IPO with 9,113,924 for Fresh issue and 14,83,000 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 9,113,924 | ₹216.00 |
| Offer For Sale : | 14,83,000 | ₹35.15 |
| Total : | 10,596,924 | ₹251.15 Cr |
Dharmaj Crop Guard IPO Reservation :
Dharmaj Crop Guard IPO Total Reservation of 10,596,924 shares are to be bid for the public issue by Dharmaj Crop Guard IPO with 52,71,097 for QIB and 1,581,329 for NII 36,89,768 For RII & 55,000 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 52,71,097 | ₹124,92 Cr |
| NII : | 15% | 1,581,329 | ₹37.48 Cr |
| RII : | 35% | 36,89,768 | ₹87.45 Cr |
| EMP : | – % | 55,000 | ₹1.30 Cr |
| Total : | 100% | 10,596,924 | ₹251.15 |
Dharmaj Crop Guard IPO EPS & RoNW :
The Dharmaj Crop Guard company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | Return On Net Worth % |
| 2022 | ₹11.62 | 34.64% |
| 2021 | ₹8.49 | 37.33% |
| 2020 | ₹5.75 | 30.55% |
Dharmaj Crop Guard IPO Peer Comparison PE :
The Dharmaj Crop Guard, According to DRHP of the company some company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Rallis India | 27.45 |
| 2. | India Pesticides | 18.53 |
| 3. | Punjab Chemical & Crop Protection | 17.51 |
| 4. | Bharat Rasayan | 24.00 |
| 5. | Astec Lifesciences | 45.92 |
| 6. | Heranba Industries | 10.80 |
Dharmaj Crop Guard IPO Dates :
Dharmaj Crop Guard IPO Date is 28 November 2022 and closes on 30 November 2022. The allotment will be finalized on Announced Soon and the IPO may list on Announced Soon.
| Open Date : | 28 November 2022 |
| Close Date : | 30 November 2022 |
| Allotment Date : | 05 December 2022 |
| Refund Date : | 06 December 2022 |
| Share Credit Date : | 06 December 2022 |
| Listing Date : | 08 December 2022 |
Dharmaj Crop Guard IPO Form :
There are two ways to apply in Dharmaj Crop Guard IPO. You can apply for Dharmaj Crop Guard IPO through ASBA available in your bank account. You have to go to your online bank login and select Dharmaj Crop Guard IPO in the Invest section and apply through your bank account. Another option is you can apply for Dharmaj Crop Guard IPO through IPO form download through NSE and BSE. See the Dharmaj Crop Guard IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Dharmaj Crop Guard Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| June 2022 | ₹2,211.72 | ₹1,966.01 | ₹183.59 |
| 2022 | ₹3,962.88 | ₹3,577.57 | ₹286.90 |
| 2021 | ₹3,035.65 | ₹2,753.73 | ₹209.60 |
| 2020 | ₹1,991.65 | ₹1,847.03 | ₹107.59 |
Company Promoters :
■ Rameshbhai Ravajibhai Talavia
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Dharmaj Crop Guard IPO Lead Managers :
■ Elara Capital (India) Private Limited
■ Monarch Networth Capital Limited
Dharmaj Crop Guard IPO Registrar :
Link Intime India Private Limited
C-101, 247 Park, LBS Marg,
Vikhroli West, Mumbai – 400 083
Maharashtra, India.
Telephone: +91 22 4918 6200
E-mail: [email protected]
Investor Grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Dharmaj Crop Guard IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Dharmaj Crop Guard Limited
Plot No. 408 to 411,
Kerala GIDC Estate,
Off NH-8, At: Kerala,
Taluka Bavla, Ahmedabad – 382220,
Gujarat, India.
Telephone: +91-79-29603735
Email: [email protected]
Website: http://www.dharmajcrop.com
Dharmaj Crop Guard IPO FAQs :
What is Dharmaj Crop Guard IPO?
Dharmaj Crop Guard IPO is Mainboard IPO. They are going to raise ₹251.15 Crores via IPO. The issue is priced at ₹216-₹237 per equity share. The IPO is to be listed on NSE, BSE.
When Dharmaj Crop Guard IPO will open?
The IPO is to open on 28 Nov – 30 Nov for QIB, NII & RII.
What is Dharmaj Crop Guard IPO Size?
Dharmaj Crop Guard IPO size is ₹251.15 Crores.
What is the Fresh issue size of Dharmaj Crop Guard IPO?
The Fresh issue size of Dharmaj Crop Guard IPO ₹216.00 Cr.
What is the Offer For Sale size of Dharmaj Crop Guard IPO?
The Offer For Sale size of Dharmaj Crop Guard IPO ₹35.15 Cr.
What is Dharmaj Crop Guard IPO Price Band?
Dharmaj Crop Guard IPO Price Band is ₹216-₹237 Per share.
What is Dharmaj Crop Guard IPO Minimum and Maximum Lot Size?
The minimum 60 Shares with ₹14,220 amount while the maximum 840 shares with ₹199,080.
What is Dharmaj Crop Guard IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Dharmaj Crop Guard IPO Allotment Date?
Dharmaj Crop Guard IPO allotment date is 05 December 2022.
What is Dharmaj Crop Guard IPO Listing Date?
Dharmaj Crop Guard IPO listing date is 08 December 2022. The IPO to list on NSE, BSE.
How to Apply the Dharmaj Crop Guard IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Dharmaj Crop Guard IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Dharmaj Crop Guard IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Dharmaj Crop Guard IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Dharmaj Crop Guard IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Dharmaj Crop Guard IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Dharmaj Crop Guard IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Dharmaj Crop Guard IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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All Dharmaj Crop Guard IPO-related links are available here. If you want to know the details then click on Click Here Link.
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