Dharmaj Corp Guard Limited to Open on Nov 28. Check IPO Details, Issue Date, Price

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Dharmaj Corp Guard Limited to Open on Nov 28. Check IPO Details, Issue Date, Price

November 24, 2022
Dharmaj Corp Guard Limited to Open on Nov 28. Check IPO Details, Issue Date, Price

Dharmaj Corp Guard Limited is coming out with a fresh public issue to raise Rs.251 crores from the market.

Below are the details of the Dharmaj Corp Guard Limited IPO:

  • Issue opens – Nov 28 (Monday)
  • Issue closes – Nov 30 (Wednesday)
  • Issue size – Rs. 251 crores
  • Price band – Rs. 216 to 237 per equity share
  • Bid lot – 60 shares and in multiples thereof

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And here are some details of the company and further details on the Dharmaj Corp Guard Limited.

Company details:

  • Dharmaj Corp Guard Limited are an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers. They also engage in the marketing and distribution of agrochemical products under brands in-licensed by them, owned by them and through generic brands, to Indian farmers through their distribution network.
  • They provide crop protection solutions to the farmer to assist them to maximize productivity and profitability. They export their products to more than 25 countries in Latin America, East African Countries, Middle East and Far East Asia. They sell their agrochemical products in granules, powder and liquid forms to their customers. Additionally, they manufacture and sell general insect and pest control chemicals for Public Health and Animal Health protection.
  • They have obtained 464 registrations for agrochemical formulations from the CIB&RC, out of which 269 agrochemical formulations are for sale in India as well as for export and 195 agrochemical formulations are exclusively for exports. Additionally, they have also applied for registrations of 18 agrochemical formulations and 17 agrochemical technicals from the CIB&RC, which are pending at various stages.
  • As of September 30, 2022, they had over 118 branded formulations that are sold to farmers. They sell bulk products to their institutional customers domestically and in the international markets. Further, as of September 30, 2022, they had more than 154 institutional products that they sold to more than 600 customers based in India and in the international markets.

Issue Size: 251 crores

Issue break-up:

  • QIB – 50% of the net offer – Rs. 125 crores
  • NIB – 15% of the net offer – Rs. 37 crores
  • RET – 35% of the net offer – Rs. 87 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode

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