Dharmaj Crop Guard Limited

Dharmaj Crop Guard Limited

listed
₹12,960Min. investment
  1. Bid start
    28 Nov
  2. Bid end
    30 Nov
  3. Allotment
    30 Nov
  4. Release of funds
    6 Dec
  5. Demat transfer
    5 Dec
  6. Listing
    8 Dec

About Dharmaj Crop Guard Limited

Price range₹216 – ₹237
IPO type
Regular
Lot size60 shares
Issue size₹251Cr
RHP/DRHP
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Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

How to check the Dharmaj Crop Guard IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Dharmaj Crop Guard IPO.
The Dharmaj Crop Guard IPO’s closing date is 30 November 2022. The Dharmaj Crop Guard IPO’s allotment date has been set five days later, on 5 November 2022.
Here’s a step-by-step guide on how to check the Dharmaj Crop Guard IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your allotment status will be mentioned

About Dharmaj Crop Guard   IPO

One of the key factors that is fueling the rise of Indian agro-chemical manufacturers is the customers’ move to look for an alternative to China. This, coupled with robust demand from the US, Brazil and Europe could provide a massive boost to India’s agro-chemical exports. At the same time, India’s rural economy is also expected to witness a rebound led by better labour conditions and improving terms of trade.
Against this backdrop, an agro-chemical maker, Dharmaj Crop Guard, is launching its IPO. Dharmaj Crop Guard is engaged in manufacturing, distributing, and marketing of a wide range of agro-chemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilisers and antibiotics. Its customer base includes institutions as well as farmers.
The company exports its products to more than 25 countries in Latin America, East African countries, Middle East and Far East Asia.
The Dharmaj Crop Guard IPO will be a combination of an offer for sale and a fresh issue. The money raised through the fresh issue of the Dharmaj Crop Guard ltd IPO will be used for funding capital expenditure (expand manufacturing capacity) and incremental working capital requirements as well as repaying debt.
Here are key details about the Dharmaj Crop Guard IPO:
Company NameDharmaj Crop Guard Limited Company TypePrivate
Company Established On2015

Financial snapshot

ParticularsFY 20FY 21FY 22
Revenue₹ 198.2 crore₹302.4 crore₹ 394.2 crore
Net Profit₹ 10.7 crore₹ 20.9 crore₹ 28.6 crore
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Here’s a quick look at Dharmaj Crop Guard IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Has obtained registrations to manufacture 464 agrochemical formulations
  2. Its distribution network comprises over 4,362 dealers across 17 states in India
  3. Has exported products to approximately 66 customers across 25 countries
  4. Its sales from the branded business accounted for around 31% of the total revenue in FY22
  5. The institutional sales contributed around 69% of the revenue in FY22
  6. Its return on capital employed (ROCE) rose to 32.8% in FY22 from 28.7% in FY20
  7. The EBITDA margin or profitability improved to 11.7% in FY22 from 9.3% in FY20

Risks and threats

  1. Typically doesn’t enter into long-term agreements with majority of its customers
  2. Seasonal variations and unfavourable local and global weather patterns may adversely affect the business
  3. The trade receivables were at 21.7% of the total income in FY22
  4. The rise in use of alternative pest management and crop protection measures such as bio technology products, pest resistant seeds or genetically modified crops may hurt demand for its products
  5. Faces competition from both domestic as well as multinational corporations
  6. Around 10% of the company’s revenue came from exports in FY22. Hence, it is exposed to foreign exchange fluctuation risk

Dharmaj Crop Guard IPO details

**** Dharmaj Crop Guard IPO date

The offer document filed by the company with the SEBI mentions that the Dharmaj Crop Guard IPO’s opening date – in other words, the Dharmaj Crop Guard IPO launch date – will be on 28 November 2022. The Dharmaj Crop Guard IPO closing date is 30 November 2022. After this, investors will be updated about the allotment status on 5 December 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 6 December 2022. The Dharmaj Crop Guard IPO listing date is 8 December 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

**** Dharmaj Crop Guard IPO Price Band

The entire IPO is a book-built issue. The Dharmaj Crop Guard IPO price band has been set between ₹216 and ₹237 per share. Interested investors can choose a price within this band to apply for the IPO.
The Dharmaj Crop Guard IPO listing price will be determined on 8 December 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
**** Dharmaj Crop Guard IPO Lot size
The Dharmaj Crop Guard IPO details have been declared. The Dharmaj Crop Guard IPO lot size is set at 60 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (780 shares). Meanwhile, the Dharmaj Crop Guard IPO issue size is ₹251 crore.

How to pre-apply for the Dharmaj Crop Guard IPO?

You can pre-apply for the Dharmaj Crop Guard IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Dharmaj Crop Guard IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the Dharmaj Crop Guard IPO?

If you are interested in this investment opportunity but unsure how to apply for the Dharmaj Crop Guard IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Dharmaj Crop Guard IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Dharmaj Crop Guard IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Dharmaj Crop Guard IPO

To apply for the Dharmaj Crop Guard IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Dharmaj Crop Guard IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Dharmaj Crop Guard IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Dharmaj Crop Guard Limited ?

The issue size of the Dharmaj Crop Guard Limited is 251 Cr.

What is 'pre-apply' for Dharmaj Crop Guard Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Dharmaj Crop Guard Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.