Dharmaj Crop Guard Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,270,961 (50%) | — | ₹12,492 Cr |
| NII (HNI) | — | 1,581,289 (15%) | — | ₹3,748 Cr |
| Retail | — | 3,689,674 (35%) | — | ₹8,745 Cr |
| Employee | — | 55,000 (1%) | — | ₹13 Cr |
| Σ Total | — | 10,596,924 (100%) | — | ₹251,147 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,220 |
| Retail (Max) | 13 | 780 | ₹184,860 |
| S-HNI (Min) | 14 | 840 | ₹199,080 |
| B-HNI (Min) | 67 | 4,020 | ₹952,740 |
Financial Statements Amount in Crore
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 140 | 199 | 304 |
| Profit After Tax | 5 | 11 | 21 |
| Net Worth | 10 | 35 | 56 |
| Total Assets | 48 | 93 | 129 |
| Total Borrowing | 20 | 20 | 27 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding capital expenditure towards setting up of a manufacturing facility at Saykha, Bharuch, Gujarat – 104.97
- 2 Funding incremental working capital requirements of the Company – 45.00
- 3 Repayment and/or pre-payment, in full and/or part, of certain borrowings of the Company – 10.00
- 4 General corporate purposes – 41.47
Company Overview
Incorporated in 2015, Dharmaj Crop Guard Limited is an agrochemical company. The company is engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics to the B2C and B2B customers.
The company also provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. Dharmaj Crop Guard Limited export products to more than 20 countries in Latin America, East African Countries, the Middle East and Far East Asia.
As of November 30, 2021, Dharmaj Crop Guard Limited had more than 196 institutional products that they sold to more than 600 customers based in India and the international markets. As of November 30, 2021, the company exported its products to more than 60 customers across 20 countries.
The company's manufacturing facility is located in Ahmedabad, Gujarat, India. Dharmaj Crop Guard Limited also has a research and development ("R&D") centre at the manufacturing facility.
The company's branded products are sold in 12 states through a network comprising over 3,700 dealers having access to 8 stock depots in India, as of November 30, 2021.
The revenue from operations for Fiscals 2019, 2020 and 2021 and seven months period ended 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, respectively.