Open Date

30 Nov 2022


Rs. 251.15  Cr

Close Date

Lot Size

IPO Size

Listing At


Listing Date

08 Dec 2022

Price Range

₹216 to ₹237

28 Nov 2022

Dharmaj Crop is 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.

The IPO consists of fresh issue of equity shares worth up to Rs 216 crores with a face value of Rs 10 each and an offer-for-sale (OFS) of up to 14.83 lakh equity shares.

The objective of the issue:  The proceeds from the issue will be used in the following manner: 1.    Rs 105 crore will be utilised for funding capital expenditure towards setting up of a manufacturing facility at Saykha Bharuch, Gujarat 2.    Rs 45 crore for funding incremental working capital requirements 3.    Rs 10 crore for the repayment or prepayment of borrowings 4.    general corporate purposes

Dharmaj Crop Guard IPO opens on Nov 28, 2022, and closes on Nov 30, 2022

The price band of Dharmaj Crop IPO is Rs. 216 to Rs. 237.

The lot size of Dharmaj Crop IPO is 60 shares and minimum investment required is Rs. 12960 for 60 shares

Dharmaj Crop is promoted by Rameshbhai Ravajibhai Talavia, Jamankumar Hansarajbhai Talavia, Jagdishbhai Ravjibhai Savaliya and Vishal Domadia.

The allotment date of Dharmaj Crop IPO is 5th December  

Monarch Networth Capital and Elara Capital (India)are the book running lead managers to the issue.