Dharmaj Crop
CMP
283.15
-9.75 (-3.33%)
₹237
Offer Price
₹ 251.09 Cr
Issue Size
₹ 14,220
Min Investment
35.49x
Times Subscribed
60
Lot size
Time Line
-
28Nov 2022Open
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30Nov 2022Close
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05Dec 2022Finalisation of Basis of Allotment
-
06Dec 2022Initiation of Refunds
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06Dec 2022Transfer of Shares to Demat Account
-
08Dec 2022Listing Date
Shares Offered
Number of Times Subscribed
Day 3
30 Nov 2022
35.49x
QIB
48.21
NIB
52.29
Retail
21.53
Employee
7.48
Day 2
29 Nov 2022
5.97x
QIB
0.76
NIB
8.74
Retail
7.75
Employee
3.75
Day 1
28 Nov 2022
1.79x
QIB
0.35
NIB
1.80
Retail
2.60
Employee
1.77
Objects of the Offer
-
Enhance its manufacturing capabilities through backward integration and expand its product portfolio
-
Targeting new customers, expanding existing customer business and increase its market share in domestic and international markets
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Expanding its Public Health and Animal Health product segment
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Strengthening up its business through effective branding, promotional and digital activities
Products & Services
-
The Company is an agrochemical company engaged in the business of manufacturing, dist., and mktg. of a wide range of agro chemicals such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers & anti-biotic to B2C&B2B customers
Strengths
-
Diversified portfolio of its 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 its institutional customers;
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Experienced Promoters and management team;
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Track record of strong operational and financial performance.
Company Promoters
Promoters Holding
Issue For IPO
77.20%
Pre Holding
77.20%
Post Holding
-
Top Promoters Holding
Financials
All values in Cr
| Mar-2022 | Mar-2022 | Mar-2023 | 3-Yr trend | |
|---|---|---|---|---|
| Revenue | 394.21 (30.40%) | 394.21 (0.00%) | 533.55 (35.40%) | |
| Gross Profit | 43.80 (42.30%) | 43.80 (0.00%) | 49.55 (13.10%) | |
| Net Income | 28.69 (36.90%) | 28.69 (0.00%) | 33.11 (15.40%) | |
| Assets | 124.50 (46.00%) | 124.50 (0.00%) | 378.17 (203.80%) | |
| Liabilities | 39.58 (36.70%) | 39.58 (0.00%) | 56.74 (43.40%) |
Peers
| Company Name | Revenue (Cr) | Net Profit (Cr) | Assets (Cr) | Liabilities (Cr) | ROE | EPS | BVPS | Current Ratio | Debt to Assets |
|---|---|---|---|---|---|---|---|---|---|
| Dharmaj Crop Guard Ltd | 394.21 | 28.69 | 124.50 | 39.58 | 18.15 | 0.00 | 34.40 | 1.62 | 0.30 |
| Rallis India Ltd | 2,603.93 | 164.20 | 2,858.04 | 2,858.04 | 9.67 | 8.44 | 87.24 | 5.74 | 0.03 |
| India Pesticides Ltd | 716.14 | 157.95 | 792.08 | 792.08 | 24.76 | 13.78 | 55.39 | 19.94 | 0.02 |
| Punjab Chemicals & Crop Protection Ltd | 933.46 | 83.46 | 557.26 | 557.26 | 36.99 | 68.07 | 184.03 | 14.97 | 0.39 |
| Bharat Rasayan Ltd | 1,301.16 | 175.98 | 1,089.82 | 1,089.82 | 22.85 | 423.52 | 1,853.14 | 16.14 | 0.23 |
| Astec Lifesciences Ltd | 676.57 | 89.86 | 896.76 | 896.76 | 22.66 | 45.85 | 202.40 | 10.02 | 0.70 |
| Heranba Industries Ltd | 1,450.37 | 189.06 | 1,068.63 | 1,068.63 | 26.46 | 47.25 | 178.56 | 17.69 | 0.07 |
Book Running Managers
- Elara Capital (India) Pvt Ltd
- Monarch Networth Capital Ltd
Registrar & Transfer Agent
Link Intime India Pvt Ltd
C-101 247 Park,L B S Marg,
Vikhroli West - Mumbai-400083 Phone : 91-22-49186000 Fax: 91-22-49186060
Company Contact Information
Plot No 408 to 411 Off NH-8,Kerala GIDC Estate Bavla Taluk,
Ahmedabad - 382220 Phone : 91-79-29603735 Email : cs@dharmajcrop.com www.dharmajcrop.com
Offer Related Information
Initial public offering of 10,596,924^ equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 237 per equity share, including a premium of Rs. 227 per equity share, (the "Offer Price"), aggregating to Rs. 251.09 crores^, comprising of a fresh issue of to 9,113,924^ equity shares aggregating to Rs. 215.95 crores^ by the company ("Fresh Issue") and an offer for sale of 709,500^ equity shares by Manjulaben Rameshbhai Talavia, 656,000^ equity shares... More
News
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01 Dec 2022, 10:16 AM
Dharmaj Crop Guard IPO ends with strong subscription
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30 Nov 2022, 17:41 PM
Dharmaj Crop Guard IPO subscribed 35.49 times
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29 Nov 2022, 17:15 PM
Dharmaj Crop Guard IPO subscribed 5.97 times
-
28 Nov 2022, 17:37 PM
Dharmaj Crop Guard IPO subscribed 1.79 times
Dharmaj Crop FAQ's
The shares of Dharmaj Crop were first listed on the stock exchanges on June 26, 2024.
The total issue size of the Dharmaj Crop IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for Dharmaj Crop public issue was 125 shares.
The price band of the IPO of Dharmaj Crop was Rs. 114 to Rs. 120 per equity share.
Dharmaj Crop IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of Dharmaj Crop IPO.
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