Dharmaj Crop Guard Ltd. IPO

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

Dharmaj Crop Guard Ltd. 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

₹ 272.7

Current Return

15.06%

Dharmaj Crop Guard Ltd. News

Dharmaj Crop Guard to incorporate new wholly-owned subsidiary in Brazil11 Nov, 2:26PM Dharmaj Crop Guard - Quaterly Results9 Nov, 4:13PM Dharmaj Crop Guard - Quaterly Results9 Nov, 4:13PM Dharmaj Crop Guard - Quaterly Results9 Nov, 4:13PM Dharmaj Crop Guard - Quaterly Results12 Aug, 4:00PM Dharmaj Crop Guard - Quaterly Results12 Aug, 4:00PM Dharmaj Crop Guard - Quaterly Results12 Aug, 4:00PM Dharmaj Crop Guard - Quaterly Results30 May, 6:52PM Dharmaj Crop Guard informs about annual secretarial compliance report27 May, 5:09PM Dharmaj Crop Guard informs about trading window closure27 Mar, 3:01PM Dharmaj Crop Guard informs about upgradation of credit rating 17 Feb, 10:44AM Dharmaj Crop Guard - Quaterly Results5 Feb, 3:44PM Dharmaj Crop Guard - Quaterly Results5 Feb, 3:44PM Dharmaj Crop Guard - Quaterly Results5 Feb, 3:44PM Dharmaj Crop Guard informs about press release22 Jan, 12:53PM Dharmaj Crop Guard informs about earnings call transcript6 Nov, 4:11PM Dharmaj Crop Guard - Quaterly Results3 Nov, 3:43PM Dharmaj Crop Guard - Quaterly Results3 Nov, 3:43PM Dharmaj Crop Guard - Quaterly Results3 Nov, 3:43PM Dharmaj Crop Guard recognized as two star export house11 Oct, 2:22PM

Company Financials

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

Exchange

NSE: DHARMAJ BSE: 543687

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 198.22 302.41 394.21 524.3 654.1
Total Expenditure 180.29 271.35 349.87 483.17 591.17
Operating Profit 17.93 31.06 44.34 41.13 62.94
Other Income 0.94 1.16 2.08 4.51 3.43
Interest 2.24 1.42 2.62 2.33 3.45
Depreciation 2.18 2.6 5.27 5.08 5.44
Exceptional Items 0 0 0 0 0
Profit Before Tax 14.46 28.19 38.53 38.22 57.49
Provision for Tax 3.7 7.23 9.84 11.36 13.11
Net Profit 10.76 20.96 28.69 26.86 44.38
Adjusted EPS (Rs.) 0.44 0.85 1.16 0.79 1.31

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 16.46 16.46 24.68 33.8 33.8
Total Reserves 18.97 39.89 60.24 281.38 325.57
Borrowings 5.12 15.25 25.32 33.51 76.11
Other N/C liabilities 1.22 2.05 2.42 -2.4 1.76
Current liabilities 50.61 55.23 106.66 83 125.73
Total Liabilities 92.38 128.87 219.31 429.29 562.97
Assets
Net Block 21.81 39.1 40.06 39.96 312.43
Capital WIP 2.32 1.14 17.65 88.44 0.39
Intangible WIP 0 0 0.75 1.56 1.67
Investments 0 0 0.49 0.48 0
Loans & Advances 5.44 4.9 3.97 9.76 3.79
Other N/C Assets 1.13 0.7 2.6 0.21 0.34
Current Assets 61.68 83.03 153.79 288.89 244.34
Total Assets 92.38 128.87 219.31 429.29 562.97
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 0.6 0.25 0.16 0.38 0.3
Profit Before Tax 33.31 7.73 -4.95 20.21 27.2
Tax 7.78 1.89 -1.56 5.14 6.18
Profit After Tax 25.53 5.84 -3.39 15.07 21.03
Adjusted EPS (Rs) 7.55 1.73 -1 4.46 6.22

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 70.4 0
Jun 2024 70.4 0
Mar 2024 70.4 0
Dec 2023 70.4 0
Sep 2023 70.4 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 14.46 28.19 38.53 38.22 57.49
Adjustment 4.31 3.25 7.61 4.58 9.47
Changes in Assets & Liabilities -13.05 -11.58 -19.78 -55.1 -45.88
Tax Paid -3.67 -6.98 -9.95 -11.42 -13.69
Operating Cash Flow 2.05 12.88 16.41 -23.72 7.39
Investing Cash Flow -14.65 -17.73 -23.87 -190.98 -62.02
Financing Cash Flow 12.06 5.5 7.45 214.16 57.22
Net Cash Flow -0.54 0.65 0 -0.53 2.58
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