Dharmaj Crop IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Dharmaj Crop

CMP

331.76

-2.00 (-0.60%)

₹237

Offer Price

₹ 251.09 Cr

Issue Size

₹ 14,220

Min Investment

35.49x

Times Subscribed

60

Lot size

Time Line

  • 28
    Nov 2022
    Open
  • 30
    Nov 2022
    Close
  • 05
    Dec 2022
    Finalisation of Basis of Allotment
  • 06
    Dec 2022
    Initiation of Refunds
  • 06
    Dec 2022
    Transfer of Shares to Demat Account
  • 08
    Dec 2022
    Listing Date

Shares Offered

Number of Times Subscribed

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

  • Expanding its Public Health and Animal Health product segment

  • 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;

  • Experienced Promoters and management team;

  • 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 33.84 (-) 18.15 (-46.40%) 16.30 (-10.20%)
Gross Profit 33.84 (-) 18.15 (-46.40%) 16.30 (-10.20%)
Net Income 33.84 (-) 18.15 (-46.40%) 16.30 (-10.20%)
Assets 33.84 (-) 18.15 (-46.40%) 16.30 (-10.20%)
Liabilities 33.84 (-) 18.15 (-46.40%) 16.30 (-10.20%)

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

  • 01 Dec 2022, 10:16 AM

    Dharmaj Crop Guard IPO ends with strong subscription

  • 30 Nov 2022, 17:41 PM

    Dharmaj Crop Guard IPO subscribed 35.49 times

  • 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

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