Dharmaj Crop Guard IPO GMP, Review, Price, Allotment

Dharmaj Crop Guard IPO GMP, Review, Price, Allotment

Consolidated in 2015, Dharmaj Crop Guard is an agrochemical organization. The organization is participated occupied with assembling, circulating, and showcasing an extensive variety of agrochemical definitions like bug sprays, fungicides, herbicides, plant development controllers, miniature manures and anti-infection agents to the B2C and B2B clients.

The organization likewise gives crop security answers for the rancher to help them to boost efficiency and benefit. Dharmaj Crop Guard trade items to in excess of 20 nations in Latin America, East African Nations, the Center East and Far East Asia.

As of November 30, 2021, Dharmaj Crop Guard had in excess of 196 institutional items that they offered to in excess of 600 clients situated in India and the worldwide business sectors. As of November 30, 2021, the organization traded its items to in excess of 60 clients across 20 nations.

The organization’s assembling office is situated in Ahmedabad, Gujarat, India. Dharmaj Crop Guard likewise has an innovative work (“Research and development”) focus at the assembling office.

The organization’s marked items are sold in 12 states through an organization containing more than 3,700 sellers approaching 8 stock warehouses in India, as of November 30, 2021.

The income from activities for Fiscals 2019, 2020 and 2021 and seven months time frame finished on October 31, 2021, was Rs 1,393.56 million, Rs 1,982.22 million, Rs 3,024.10 million and Rs 2,272.62 million, separately.

Dharmaj Crop Guard products:

agro chemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic


  • Broadened arrangement of the items and steady spotlight on quality and development
  • Solid Research and development capacities with center around advancement and manageability.
  • Laid out dissemination network areas of strength for with items and stable relationship with its institutional clients


  • Inability to effectively acquire required enrollments or keep up with legal and administrative licenses and endorsements expected to work, would influence the business and assembling office activities
  • Inability to conform to the quality principles, specialized details, ordinary examinations and reviews endorsed by clients might prompt loss of business from such clients
  • The organization doesn’t by and large go into long haul concurrences with greater part of its clients
  • Powerlessness to distinguish and comprehend advancing industry patterns, mechanical progressions, client inclinations and foster new items to fulfill clients’ needs
  • The business is dependent upon climatic circumstances and is repetitive in nature, consequently, occasional varieties and horrible neighborhood and worldwide weather conditions might unfavorably affect the business
  • In the event that the organization neglects to satisfy the guideline standards laid by states locally or universally, then, at that point, the items are at a gamble of being prohibited or suspended or become subject to huge consistence costs

Dharmaj Crop Guard IPO Important Dates:

Opening Date28 November 2022
Closing Date30 November 2022
Basis of Allotment05 December 2022
Initiation of refunds06 December 2022
Transfer of shares to demat accounts07 December 2022
Listing Date08 December 2022

Dharmaj Crop Guard IPO Details

Dharmaj Crop Guard IPO Price₹216 to ₹237 per share
Lot Size60 Shares
Minimum Amount for 1 lot₹14,220
Total IPO size₹251.15 crore
Offer for Sale1,483,000 shares
Listing AtBSE, NSE
Retail Quota35%
QIB Quota50%
NII Quota15%
DRHP Draft ProspectusClick Here
RHP Draft ProspectusClick Here

Objects 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 Financials:

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing

Revenue, EBITDA, PAT

Particulars (in Rs. Crores)FY22FY21FY20

Assets, Share Capital, Total Borrowings

Particulars (in Rs. Crores)FY22FY21FY20
Total Assets219.5128.992.6
Share Capital24.716.516.5
Total Borrowings36.926.920.2

Cash Flow

Particulars (in Rs. Crores)FY22FY21FY20
Net cash generated from / (used in) operating activities16.4112.882.05
Net cash from / (used in) investing activities-23.87-17.73-14.65
Net cash flow from / (used in) financing activities7.455.5012.06
Net increase (decrease) in cash and cash equivalents0.000.65-0.54

IPO Valuation – FY2022:

Earning Per Share (EPS):₹3.84 per Equity Share
Price/Earning P/E Ratio:11.72
Return on Net Worth (RoNW):17.49%
Net Asset Value (NAV):₹21.94 per Equity Share

Peer Comparison

Name of the CompanyTotal RevenueBasic EPSNav Rs. per sharePERoNW%
Dharmaj Corp Guard Limited220.97.4440.99NA18.2%
Rallis India2603.98.4487.2527.459.7%
India Pesticides716.113.7855.3918.5324.8%
Punjab Chemical & Corp Protection933.568.0718417.5137.0%
Bharat Rasayan1301.2423.521,853.112422.9%
Astec Lifesciences676.645.87202.3345.9222.7%
Heranba Industries1450.447.25178.5510.826.5%

Company Promoters:

  • Mr. Shankerlal Bansilal Shah
  • Mr. Balkishan Shankerlal Shah
  • Mr. Yash Shankerbhai Shah

IPO Registrar:

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dharmaj.crop@linkintime.co.in

Company Contact Information:

Dharmaj Crop Guard Limited
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 Offer Lead Manager:

(1) Elara Capital (India) Private
Indiabulls Finance Centre
Tower 3, 21st Floor, Senapati Bapat Marg
Elphinstone Road (West), Mumbai 400 013

Website:  http://www.elaracapital.com
Email:  mb.investorgrievances@elaracapital.com
Phone: +91 22 6164 8599
Fax: +91 22 6164 8589

(2) Monarch Networth Capital Ltd
901/902, 9th Floor, Atlanta Centre,Sonawala Lane,
Opp. Udyog Bhavan,
Goregaon East, Mumbai – 400 063

Website:  http://www.mnclgroup.com
Email:  mbd@mnclgroup.com
Phone: (+91) 22 – 30641823
Fax: (+91) 22 – 30641823

Dharmaj Crop Guard IPO GMP today

Dharmaj Crop Guard IPO grey market premiumSubject to SaudaListing Gain

Dharmaj Crop Guard IPO Review:

What our experts say about Dharmaj Crop Guard IPOAvoid

Dharmaj Crop Guard IPO Subscription Status live:

Investor CategorySubscription (times)
Qualified Institutions48.21
Non-Institutional Buyers52.29
Retail Investors21.53

Dharmaj Crop Guard IPO Subscription Details (times):

Day 1
Nov 28, 2022
Day 2
Nov 29, 2022
Day 3
Nov 30, 2022

Dharmaj Crop Guard Limited IPO Allotment Status:

Check Dharmaj Crop Guard IPO Allotment StatusClick Here

Dharmaj Crop Guard IPO Listing Price:

IPO Price Band₹216 to ₹237


  1. When will Dharmaj Crop Guard IPO open for subscription?

    Dharmaj Crop Guard IPO is set to open on 28 November 2022.

  2. What is Dharmaj Crop Guard IPO Price Band?

    Dharmaj Crop Guard IPO Price Band is ₹216 to ₹237 per share.

  3. What is the lot size of Dharmaj Crop Guard IPO?

    Lot size of Dharmaj Crop Guard IPO is 60 Shares per lot.

  4. What is the issue size of Dharmaj Crop Guard IPO?

    Dharmaj Crop Guard IPO issue size is ₹251.15 crore.

  5. What is the last date to apply for Dharmaj Crop Guard IPO?

    Last date to apply Dharmaj Crop Guard IPO is 30 November 2022.

  6. What is the Dharmaj Crop Guard IPO Allotment Date?

    Allotment Date for Dharmaj Crop Guard IPO is 05 December 2022.

  7. What is the Dharmaj Crop Guard IPO listing date?

    Listing Date for Dharmaj Crop Guard IPO is 08 December 2022.

  8. Dharmaj Crop Guard IPO should I buy?

    No, you should avoid Dharmaj Crop Guard IPO.

How to apply the Dharmaj Crop Guard IPO through 5 Paisa?

  1. Login to your 5paisa account and select “Dharmaj Crop Guard IPO” in the current IPO section.
  2. Enter the number of lots and price at which you wish to apply for the IPO.
  3. Enter your UPI ID and click on submit.
  4. You will receive a mandate notification to block funds in your UPI app.
  5. Approve the mandate request on your UPI and funds will be blocked

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