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All that you should know about the Company before applying for the IPO.
The public issue of equity shares of DHARMAJ CROP GUARD LIMITED will open for subscription on November 28, 2022 and closes on November 30, 2022. It is expected to list on the stock exchanges on December 08, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2015, the company is an agrochemical company 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 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.
As of September 30, 2022, they had more than 154 institutional products sold to more than 600 customers in India and international markets. They export their products to more than 66 customers across 25 countries in Latin America, East Africa, the Middle East, and Far East Asia. Domestically, their branded products are sold in 17 states through a network comprising over 4,362 dealers having access to 16 stock depots in India supporting the distribution of their branded products.
The Company's manufacturing facility is located in Kerala, Taluka Bavla, Ahmedabad. Currently, the aggregate installed capacity of their manufacturing facility for agrochemical formulations is 25,500 MT. As a part of their expansion plans and to achieve backward integration for their operations, they have acquired land at Saykha Industrial Estate, Bharuch, Gujarat.
Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya and Vishal Domadia
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:
| IPO Size | ₹251.15 Crore * |
|---|---|
| Offer Mix | Freash Issue ₹216 Crore + Offer For Sell ₹35.15 Crore |
| Price Band | ₹ 216 - ₹ 237 |
| Lot Size | 60 Shares (& in multiples thereof) |
| Face Value | ₹ 10 |
| Application Amount | Min. ₹ 14,220 (1 lot) | Max. ₹ 1,99,080 (14 lots) [at upper price band] |
| Listing on | NSE & BSE |
| Registrar | Link Intime India Private Limited |
| Discount | 5% to the Offer Price for Eligible Employees Category only |
| Cut-off time for UPI Mandate Confirmation | 30-November-2022 (up to 05:00 PM) |
| QIB |
₹ 124.92 Crore (50% of Net Issue Size) |
|---|---|
| NIB |
₹ 37.48 Crore (15% of Net Issue Size) |
| Retail |
₹ 87.45 Crore (35% of Net Issue Size) |
| Employee Reservation Portion |
₹ 1.30 Crore (55,000 Equity Shares) |
| Activity | Date |
|---|---|
| IPO Opens | November 28, 2022 |
| IPO Closes | November 30, 2022 |
| Finalization of the basis of allotment | December 05, 2022 |
| Unblocking of funds / Initiation of refunds | December 06, 2022 |
| Credit of equity shares to Demat accounts | December 06, 2022 |
| Listing of equity shares | December 08, 2022 |
| Source: Company RHP |
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