Home Business Dharmaj Crop Guard IPO (Public Issue) subscribed 35.49 times

Dharmaj Crop Guard IPO (Public Issue) subscribed 35.49 times

Dharmaj Crop Guard exports its products to more than 25 countries. (Representative)

New Delhi:

The initial public offering (IPO) of Dharmaj Crop Guard was subscribed 35.49 times in total at the end of the three-day period on Wednesday. The data shows that the shares reserved for retail investors were subscribed 21.53 times.

The three-day initial public offering for Dharmaj Crop Guard opened for subscription on Monday and the firm has fixed a price band of Rs 216 to Rs 237 per share.

This was reportedly the ninth public issue launched in the month of November.

Investors then had the option to bid for a minimum of 60 shares and multiples of 60 equity shares.

The public issue comprises a fresh issue of Rs 216 crore and an offer-for-sale (OFS) of 1.48 million equity shares by existing shareholders.

Incorporated in 2015, Dharmaj Crop Guard Limited is an Agrochemical company engaged in the business of manufacturing, distributing and marketing a wide range of Agrochemicals like Insecticides, Fungicides, Herbicides, Plant Growth Regulators, Micro Fertilizers and Antibiotics for B2C and B2B. is engaged in. ,

The company also exports its products to more than 25 countries in Latin America, East African countries, Middle East and Far East Asia.

Its revenue from operations for FY22 grew by 30.36 per cent to Rs 394.21 crore as against Rs 302.41 crore in FY21, mainly due to growth in sales of its branded products, institutional sales and adding more dealers and customers. While its net profit grew by 36.88 per cent from Rs 20.96 crore in 2020-21 to Rs 28.69 crore in 2021-22.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

featured video of the day

Sensex rises over 900 points, US stocks best performance since 2020

RELATED ARTICLES

Ashneer Grover, Madhuri Jain summoned in legal battle with BharatPe

<!-- -->Ashneer Grover resigned from BharatPe in March. (file)New Delhi: The Delhi High Court today issued summons to former BharatPe MD Ashneer Grover...

Air India’s $400 million upgrade includes premium economy area

<!-- -->Air India said it has engaged JPA Design to assist with the cabin interior design. (File)Mumbai: Full-service carrier Air India today said...

Inox GFL Group raises Rs 1,500 crore, moves towards zero net debt

<!-- -->Rs 740 crore was raised through the IPO of Inox Green Energy Services. (File)Noida: Inox GFL Group on Thursday said it has...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Former Prime Minister Manmohan Singh honored with ‘Lifetime Achievement Honor’ in Britain

London: Former Prime Minister Dr. Former PM Manmohan Singh has been honored with 'Lifetime Achievement Honour' by 'India-UK Achievers Honours' in London for...

Pathan’s success is victory over BJP’s negative politics: Akhilesh Yadav

<!-- -->Several Hindu rights activists called for a boycott of the film. (file)Lucknow: Samajwadi Party chief Akhilesh Yadav on Tuesday termed the success...

“It’s Completely…”: Suryakumar Yadav On Pitch After Hardik Pandya’s ‘Shocker’ Remark | cricket news

India's T20 vice-captain Suryakumar Yadav on Tuesday played down the Ekana Stadium pitch controversy, saying the wickets don't matter a lot and they are...

‘Taarak Mehta Ka Ooltah Chashmah’ again in controversy, Shailesh Lodha left the show in April, still not received the fees

'Taarak Mehta Ka Ooltah Chashmah' has once again become a topic of discussion. Actually, according to the report, the makers have not yet...

Recent Comments