Dharmaj Crop Guard Limited IPO
Dharmaj Crop Guard Limited was a mainboard IPO in the Pesticides & Agrochemicals sector, offered at ₹216–₹237 per share to raise ₹251 crore. The issue was subscribed 35.49× overall (QIBs 48.21×, NIIs 52.29×, retail 21.53×). It listed on 8 Dec 2022 at ₹266 and closed its first day at ₹266, a listing gain of +12.4% versus the ₹237 issue price. It now trades around ₹255 (+7.6% versus the issue price).
Frequently asked questions
- How many times was the Dharmaj Crop Guard Limited IPO subscribed?
- The Dharmaj Crop Guard Limited IPO was subscribed 35.49× overall — 48.21× in the QIB category, 52.29× among non-institutional investors, 21.53× in retail.
- What were the Dharmaj Crop Guard Limited IPO listing gains?
- Dharmaj Crop Guard Limited listed on 8 Dec 2022 at ₹266, closing its first day at ₹266 — a listing gain of +12.4% versus the ₹237 issue price.
- What were the retail allotment odds for the Dharmaj Crop Guard Limited IPO?
- Retail was subscribed 21.53×, so a single-lot application had roughly a 4.6% chance of allotment (about 1 in 22), and allotment was finalised on 2 Dec 2022.
- What was the price band and lot size of the Dharmaj Crop Guard Limited IPO?
- The price band was ₹216–₹237 per share, with a minimum lot of 60 shares (₹14,220 at the upper band).
- Who were the registrar and lead manager for the Dharmaj Crop Guard Limited IPO?
- Link Intime India Private Limited was the registrar, and Elara Capital was the book-running lead manager.