Dharmaj Crop Guard IPO Subscribed 1.79 Times On Opening Day

The IPO was subscribed 1.79 times as of 5 p.m. on Nov. 28
<div class="paragraphs"><p>(Source: Dharmaj Crop Guard Company RHP)</p></div>
(Source: Dharmaj Crop Guard Company RHP)

The agro-chemical manufacturer is raising Rs 216 crore through a fresh issue and Rs 35.10 crore through an offer for sale.

It is offering around 1.05 crore equity shares at Rs 216-237 apiece in the IPO. The company is worth around Rs 801 crore, at the top of its price range.

Promoters and promoter groups will hold 68.6% of the post-offer issued and paid-up equity share capital.

The company is offering 31.35% of the post-issue equity capital during the IPO.

Dharmaj Crop Guard IPO: All You Need To Know

IPO Details

  • Duration: Nov. 28-30.

  • Issue size; Fresh issue: Rs 216 crore; Offer for sale: Rs 35.10 crore.

  • Price band: Rs 216-237 per share.

  • Face value: Rs 10 apiece.

  • Lot size: 60 shares and multiples.

  • Listing on: BSE and NSE.

  • Lead managers: Elara Capital, Monarch Networth Capital.

Subscription Status: Day 1

The IPO was subscribed 1.79 times, as of 5 p.m., on Nov. 28.

  • Institutional investors: 0.35 times.

  • Non-institutional investors: 1.8 times

  • Retail investors: 2.60 times

  • Employee Reserved: 1.77 times

Dharmaj Crop Guard's IPO To Open On Nov. 28

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Anjali Rai covers markets and business news at BQ Prime...more
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