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IPO

Dharmaj Crop Guard Ltd.

We are an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics to B2C and B2B customers.

RHP
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DRHP
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Open Date

2022-11-28

Close Date

2022-11-30

IPO Details

Check out the issue details for Dharmaj Crop Guard Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 237

Price Band

₹ 216 - 237

Issue Size

251.15 Cr.

Issue Type

Book Built

Open

2022-11-28

Close

2022-11-30

Listingprice

₹ 266.05

ListingGain

12.26%

Listing Date

2022-12-08

CMP

₹ 163.8

Current Return

-30.89%

Company Financials

You can get the following financial statements of Dharmaj Crop Guard Ltd. as of now.

Subscription Details

The details about the Dharmaj Crop Guard Ltd IPO is as:

  • The issue size of the IPO is 251.15 Cr.
  • The price band for Dharmaj Crop Guard Ltd IPO is Rs 216 to Rs 237.
  • The shares of Dharmaj Crop Guard Ltd IPO will list on 8th December 2022.
  • The latest tentative GMP of Dharmaj Crop Guard Ltd IPO is Rs 55.
  • The shares of Dharmaj Crop Guard IPO is subscribed 35.49 Times as of 30th November 2022.

 

Dharmaj Crop Guard IPO Valuation

The approx valuation of Dharmaj Crop Guard Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 237
Existing Shares (Qty) 2.46 Cr
Fresh Issue (Amount) 216 Cr
Market Cap 799.02 Cr
EPS (FY22) Rs 11.62
PE Ratio 20.39x
Industry PE 24.04x

 

Dharmaj Crop Guard IPO Issue Size

Dharmaj Crop Guard Ltd IPO issue size is 251.15 Cr.

Issue Amount
Fresh Issue 216 Cr
Offer For Sale 35.15 Cr

 

Dharmaj Crop Guard IPO Market Lot

An Individual can apply for a minimum 1 lot of 60 shares and a maximum of 14 lots of 840 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 60 Rs 14,220
 Maximum 14 840 Rs 1,99,080

 

Dharmaj Crop Guard IPO Offer

The shares of Dharmaj Crop Guard IPO is subscribed 35.49 Times as of 30th November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 48.21 Times
Non-Institutional Minimum 15% 52.29 Times
Retail Individual Minimum 35% 21.53 Times
Employees 55000 shares 7.48 Times
Total   35.49 Times

 

Dharmaj Crop Guard IPO Grey Market Premium

As on GMP (Tentative)
1 December 2022 Rs 55
2 December 2022 Rs 55
3 December 2022 Rs 55
4 December 2022 Rs 55
5 December 2022 Rs 55

Dharmaj Crop Guard IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Dharmaj Crop Guard IPO:

Schedule Date
Basis of Allotment 5 December 2022
Refunds 6 December 2022
Credit to Demat Account 6 December 2022
IPO Listing Date 8 December 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 139.36 198.22 302.41 394.21
Total Expenditure 128.86 180.29 271.35 349.87
Operating Profit 10.5 17.93 31.06 44.34
Other Income 0.6 0.94 1.16 2.08
Interest 2.08 2.24 1.42 2.62
Depreciation 2.02 2.18 2.6 5.27
Exceptional Items 0 0 0 0
Profit Before Tax 6.99 14.46 28.19 38.53
Provision for Tax 1.97 3.7 7.23 9.84
Net Profit 5.02 10.76 20.96 28.69
Adjusted EPS (Rs.) 0.33 0.44 0.85 1.16

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 2 16.46 16.46 24.68
Total Reserves 8.53 18.97 39.89 60.24
Borrowings 17.19 5.12 15.25 25.32
Other N/C liabilities 0.83 1.22 2.05 2.42
Current liabilities 18.99 50.61 55.23 106.66
Total Liabilities 47.54 92.38 128.87 219.31
Assets
Net Block 11.66 21.81 39.1 40.06
Capital WIP 0 2.32 1.14 17.65
Intangible WIP 0 0 0 0.75
Investments 0 0 0 0.49
Loans & Advances 1.59 5.44 4.9 3.97
Other N/C Assets 0.98 1.13 0.7 2.6
Current Assets 33.3 61.68 83.03 153.79
Total Assets 47.54 92.38 128.87 219.31
* Other Non-current Liabilities include Net deferred Liabilities

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 68.65 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 6.99 14.46 28.19 38.53
Adjustment 4.03 4.31 3.25 7.61
Changes in Assets & Liabilities -5.77 -13.05 -11.58 -19.78
Tax Paid -1.98 -3.67 -6.98 -9.95
Operating Cash Flow 3.27 2.05 12.88 16.41
Investing Cash Flow -3.95 -14.65 -17.73 -23.87
Financing Cash Flow 0.43 12.06 5.5 7.45
Net Cash Flow -0.25 -0.54 0.65 0
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