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
Stengths:
- 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
Risks:
- 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 Date | 28 November 2022 |
Closing Date | 30 November 2022 |
Basis of Allotment | 05 December 2022 |
Initiation of refunds | 06 December 2022 |
Transfer of shares to demat accounts | 07 December 2022 |
Listing Date | 08 December 2022 |
Dharmaj Crop Guard IPO Details
Dharmaj Crop Guard IPO Price | ₹216 to ₹237 per share |
Lot Size | 60 Shares |
Minimum Amount for 1 lot | ₹14,220 |
Total IPO size | ₹251.15 crore |
Offer for Sale | 1,483,000 shares |
Listing At | BSE, NSE |
Retail Quota | 35% |
QIB Quota | 50% |
NII Quota | 15% |
DRHP Draft Prospectus | Click Here |
RHP Draft Prospectus | Click 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 Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
---|---|---|---|---|---|
31-Mar-19 | 47.66 | 139.95 | 5.02 | 10.46 | 20.35 |
31-Mar-20 | 92.58 | 199.16 | 10.76 | 35.22 | 20.18 |
31-Mar-21 | 128.87 | 303.56 | 20.96 | 56.14 | 26.92 |
31-Mar-22 | 219.54 | 396.29 | 28.69 | 82.82 | 36.93 |
31-Jul-22 | 305.76 | 221.17 | 18.36 | 101.17 | 51.56 |
Revenue, EBITDA, PAT
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Revenue | 394.2 | 302.4 | 198.2 |
EBITDA | 46.2 | 32.0 | 18.6 |
PAT | 28.7 | 21.0 | 10.8 |
Assets, Share Capital, Total Borrowings
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Total Assets | 219.5 | 128.9 | 92.6 |
Share Capital | 24.7 | 16.5 | 16.5 |
Total Borrowings | 36.9 | 26.9 | 20.2 |
Cash Flow
Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
---|---|---|---|
Net cash generated from / (used in) operating activities | 16.41 | 12.88 | 2.05 |
Net cash from / (used in) investing activities | -23.87 | -17.73 | -14.65 |
Net cash flow from / (used in) financing activities | 7.45 | 5.50 | 12.06 |
Net increase (decrease) in cash and cash equivalents | 0.00 | 0.65 | -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 Company | Total Revenue | Basic EPS | Nav Rs. per share | PE | RoNW% |
---|---|---|---|---|---|
Dharmaj Corp Guard Limited | 220.9 | 7.44 | 40.99 | NA | 18.2% |
Rallis India | 2603.9 | 8.44 | 87.25 | 27.45 | 9.7% |
India Pesticides | 716.1 | 13.78 | 55.39 | 18.53 | 24.8% |
Punjab Chemical & Corp Protection | 933.5 | 68.07 | 184 | 17.51 | 37.0% |
Bharat Rasayan | 1301.2 | 423.52 | 1,853.11 | 24 | 22.9% |
Astec Lifesciences | 676.6 | 45.87 | 202.33 | 45.92 | 22.7% |
Heranba Industries | 1450.4 | 47.25 | 178.55 | 10.8 | 26.5% |
Company Promoters:
- Mr. Shankerlal Bansilal Shah
- Mr. Balkishan Shankerlal Shah
- Mr. Yash Shankerbhai Shah
IPO Registrar:
Phone: +91-22-4918 6270
Email: dharmaj.crop@linkintime.co.in
Website: https://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
Email:
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 premium | Subject to Sauda | Listing Gain |
₹55 | – | 23% |
Dharmaj Crop Guard IPO Review:
What our experts say about Dharmaj Crop Guard IPO | Avoid |
Dharmaj Crop Guard IPO Subscription Status live:
Investor Category | Subscription (times) |
---|---|
Qualified Institutions | 48.21 |
Non-Institutional Buyers | 52.29 |
Retail Investors | 21.53 |
Employees | 7.48 |
Others | – |
Total | 35.49 |
Dharmaj Crop Guard IPO Subscription Details (times):
Date | QIB | NII | Retail | EMP | Total |
---|---|---|---|---|---|
Day 1 Nov 28, 2022 | 0.35 | 1.80 | 2.60 | 1.77 | 1.79 |
Day 2 Nov 29, 2022 | 0.76 | 8.74 | 7.75 | 3.75 | 5.97 |
Day 3 Nov 30, 2022 | 48.21 | 52.29 | 21.53 | 7.48 | 35.49 |
Dharmaj Crop Guard Limited IPO Allotment Status:
Check Dharmaj Crop Guard IPO Allotment Status | Click Here |
Dharmaj Crop Guard IPO Listing Price:
IPO Price Band | ₹216 to ₹237 |
Open | ₹266.00 |
Low | ₹264.10 |
High | ₹278.90 |
Close | ₹266.40 |
FAQ:
When will Dharmaj Crop Guard IPO open for subscription?
Dharmaj Crop Guard IPO is set to open on 28 November 2022.
What is Dharmaj Crop Guard IPO Price Band?
Dharmaj Crop Guard IPO Price Band is ₹216 to ₹237 per share.
What is the lot size of Dharmaj Crop Guard IPO?
Lot size of Dharmaj Crop Guard IPO is 60 Shares per lot.
What is the issue size of Dharmaj Crop Guard IPO?
Dharmaj Crop Guard IPO issue size is ₹251.15 crore.
What is the last date to apply for Dharmaj Crop Guard IPO?
Last date to apply Dharmaj Crop Guard IPO is 30 November 2022.
What is the Dharmaj Crop Guard IPO Allotment Date?
Allotment Date for Dharmaj Crop Guard IPO is 05 December 2022.
What is the Dharmaj Crop Guard IPO listing date?
Listing Date for Dharmaj Crop Guard IPO is 08 December 2022.
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?
- Login to your 5paisa account and select “Dharmaj Crop Guard IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked