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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Dharmaj Crop Guard Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹237
Per ShareLot Size
60 Shares
Minimum Investment
₹14,220
Issue Size
₹251.09 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
77.2%
Issue Type
Book Building
ISIN
INE00OQ01016
Dharmaj Crop Guard Limited is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemicals such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers. Within its differentiated business model, it provides agrochemical products and manufacturing services to multinational corporations. The Company also engages in the marketing and distribution of agrochemical products under brands in-licensed by the company, owned by the company and through generic brands, to Indian farmers through its distribution network. The Company exports its products to more than 25 countries in Latin America, East African Countries, Middle East and Far East Asia. The Company sells its agrochemical products in granules, powder and liquid forms to its customers. Additionally, it manufactures and sells general insect and pest control chemicals for Public Health protection. The company provides crop protection solutions to the farmer to assist them to maximize productivity and profitability.
During the five-year period 2017-2021, the global pesticides market is estimated to have grown at a Compounded Annual Growth Rate (CAGR) of around 2.5% from USD 62 billion in 2017 to USD 68 billion in 2021. In the global agrochemicals market, India is the 4th largest producer led by USA, Japan and China. Also, India is a net exporter of agrochemicals and has emerged as the 13th largest exporter of pesticides globally. The Indian agrochemicals industry can be primarily divided into the following types: a. Insecticides b. Fungicides c. Herbicides. The overall Indian pesticides and other agrochemicals market grew at a CAGR of 4.5% from Rs.368 billion in 2013-14 to Rs.439 billion in 2017-18. The overall Indian pesticides and other agrochemicals industry is estimated to increase at a CAGR of 7.5%-8.5% by 2026-27 on account of an upward growth expected in the international market and a likely increase in domestic usage of pesticides in India.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 10,596,924^ equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 237 per equity share, including a premium of Rs. 227 per equity share, (the "Offer Price"), aggregating to Rs. 251.09 crores^, comprising of a fresh issue of to 9,113,924^ equity shares aggregating to Rs. 215.95 crores^ by the company ("Fresh Issue") and an offer for sale of 709,500^ equity shares by Manjulaben Rameshbhai Talavia, 656,000^ equity shares by Muktaben Jamankumar Talavia, 87,500^ equity shares by Domadia Artiben and 30,000^ equity shares by Ilaben Jagdishbhai Savaliya (collectively, the "Selling Shareholders"), aggregating to 1,483,000^ equity shares ("Offered Shares") aggregating to Rs. 35.15 crores^ (the "Offer for Sale" and together with the fresh issue, the"Offer"). The offer includes a reservation of to 55,000^ equity shares aggregating to Rs. 1.25 crores^ for subscription by eligible employees (constituting 0.16% of the post-offer equity share capital of the company) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 31.35% and 31.19%, respectively, of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of the basis of allotment The face value of equity shares is Rs. 10 each. The offer price is 23.70 times the face value of the equity shares.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Dharmaj Crop Guard Limited ("Company" or "Issuer") was incorporated on January 19, 2015, at Ahmedabad as a public limited company under the Companies Act, 2013 pursuant to a certificate of incorporation issued by the Registrar of Company, Gujarat at Ahmedabad ("RoC").
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.