Dharmaj Crop Guard IPO Review
Dharmaj Crop Guard IPO Overview
Dharmaj Crop Guard Limited is an agrochemical firm that was founded in 2015. The firm manufactures, distributes, and markets a wide range of agrochemical formulations to B2C and B2B clients, including insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers, and antibiotics.
The firm also offers crop protection solutions to farmers in order to help them enhance production and profitability. Dharmaj Crop Guard Limited sells its products in over 20 countries in Latin America, East Africa, the Middle East, and Far East Asia.
Dharmaj Crop Guard Limited has over 196 institutional goods that were distributed to over 600 clients in India and foreign markets as of November 30, 2021.
Dharmaj Crop Guard Limited has over 196 institutional goods that were distributed to over 600 clients in India and foreign markets as of November 30, 2021. As of November 30, 2021, the company’s products had been exported to more than 60 clients in 20 countries.
The production site of the firm is in Ahmedabad, Gujarat, India. Dharmaj Crop Guard Limited’s production site also has a research and development (“R&D”) centre.
As of November 30, 2021, the company’s branded products are offered in 12 states through a network of approximately 3,700 dealers with access to 8 stock depots across India.
Revenue from operations was Rs 1,393.56 million, Rs 1,982.22 million, Rs 3,024.10 million, and Rs 2,272.62 million for Fiscals 2019, 2020, and 2021, and seven months ending on October 31, 2021, accordingly.
Dharmaj Crop Guard IPO Details
| IPO Date | Nov 28, 2022 to Nov 30, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹216 to ₹237 per share |
| Lot Size | 60 Shares |
| Issue Size | 10,596,924 shares of ₹10 (aggregating up to ₹251.15 Cr) |
| Fresh Issue | 9,113,924 shares of ₹10 (aggregating up to ₹216.00 Cr) |
| Offer for Sale | 1,483,000 shares of ₹10 (aggregating up to ₹35.15 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| Company Promoters | Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya and Vishal Domadia are the company promoters. |
Dharmaj Crop Guard IPO Financial Performance
Period Ended | Total Assets | Total Revenue |
31-Mar-19 | 47.66 | 139.95 |
31-Mar-20 | 92.58 | 199.16 |
31-Mar-21 | 128.87 | 303.56 |
31-Mar-22 | 219.54 | 396.29 |
31-Jul-22 | 305.76 | 221.17 |
Amount in ₹ Crore | ||
Period Ended | Profit After Tax | Net Worth | Total Borrowing |
31-Mar-19 | 5.02 | 10.46 | 20.35 |
31-Mar-20 | 10.76 | 35.22 | 20.18 |
31-Mar-21 | 20.96 | 56.14 | 26.92 |
31-Mar-22 | 28.69 | 82.82 | 36.93 |
31-Jul-22 | 18.36 | 101.17 | 51.56 |
Amount in ₹ Crore | |||
Dharmaj Crop Guard IPO Key Ratios
FY 2021 | FY 2022 | |
EPS | 12.74 | 11.62 |
PE ratio | – | 18.59 – 20.40 |
RONW (%) | 37.33 | 34.64 |
NAV | 22.75 | 33.55 |
ROCE (%) | 34.50 | 32.87 |
EBITDA (%) | 10.59 | 11.72 |
Debt/Equity | 0.48 | 0.43 |
FY 2019 | FY 2020 | |
EPS | 5.02 | 8.62 |
PE ratio | – | – |
RONW (%) | 48.03 | 30.55 |
NAV | 6.97 | 18.82 |
ROCE (%) | 28.25 | 28.76 |
EBITDA (%) | 7.90 | 9.37 |
Debt/Equity | 1.93 | 0.57 |
Listing Performance of Dharmaj Crop Guard IPO
Listed On : BSE NSE
Issue Price : ₹216 to ₹237 per share
Listing Day Close :
Listing Day Gain :
Dharmaj Crop Guard IPO ISIN Number Code
NSE : NA
ISIN CODE : NA
BSE : NA
Dharmaj Crop Guard IPO Allotment Status
Dharmaj Crop Guard IPO Important Dates
| Opening Date | Nov 28, 2022 |
| Closing Date | Nov 30, 2022 |
| Basis of Allotment | Dec 5, 2022 |
| Initiation of Refunds | Dec 6, 2022 |
| Credit of Shares to Demat | Dec 6, 2022 |
| Listing Date | Dec 8, 2022 |
Dharmaj Crop Guard IPO Contact Details
Plot No. 408 to 411,
Kerala GIDC Estate, Off NH-8, At: Kerala,
Taluka Bavla, Ahmedabad – 382220
Phone: +91-79-29603735
Website: http://www.dharmajcrop.com/
Dharmaj Crop Guard IPO Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dharmaj.crop@linkintime.co.in
Website: https://linkintime.co.in/
Dharmaj Crop Guard IPO FAQ's
The Dharmaj Crop Guard IPO is a BSE NSE IPO of ₹216 to ₹237 per share equity of the face value of ₹10 per share.
The issue size is priced at 10,596,924 shares of ₹10 (aggregating up to ₹251.15 Cr).
The fresh issue size is priced at 9,113,924 shares of ₹10 (aggregating up to ₹216.00 Cr).
The Offer for sale priced at 1,483,000 shares of ₹10 (aggregating up to ₹35.15 Cr).
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Dharmaj Crop Guard IPO opens on Nov 28, 2022 and closes on Nov 30, 2022. The IPO Issue date may list on Dec 8, 2022.
Dharmaj Crop Guard IPO Market lot size is 60 Shares and the minimum order quantity is 60 Shares.
The finalization of Basis of Allotment for Dharmaj Crop Guard IPO will be done on Dec 5, 2022. and the allotted shares will be credited to your demat account by Dec 6, 2022. Check the Dharmaj Crop Guard IPO status.
The Dharmaj Crop Guard IPO listing date is on Dec 8, 2022.
Dharmaj Crop Guard IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Dharmaj Crop Guard IPO Comments
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