Dharmaj Crop Guard traded with a volume of 1.3 crore shares on the NSE, and 9.47 lakh shares on the BSE.
Analysts suggest staying invested in the company for long-term returns.
The Rs 251 crore public issue of Ahmedabad-based company was subscribed 35.5 times
The company’s shares could list at an 18-22 percent premium over the upper end of the IPO’s price band considering better utilisation of the funds raised and reasonable valuations, analysts said.
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The healthy subscription of both IPOs, better financial performance and positive equity market conditions may be key reasons for the strong grey market premiums.
The agrochemical company will make its debut on the BSE and NSE on December 8, which would be the 32nd listing of 2022
Dharmaj Crop Guard will debut on the country's leading stock exchanges on December 8.
The agrochemical formulations manufacturer and distributor is looking to raise Rs 251.15 crore through the IPO at a price band of Rs 216-237
Cholamandalam Securities has come out with its report on Dharmaj Crop Guard. The research firm has recommended to “ Subscribe” the ipo in its research report as on November 29, 2022.
Dharmaj Crop IPO | The company is looking to mobilise Rs 251.15 crore from the IPO, which comprises a fresh issue of Rs 216 crore and an offer for sale of shares worth Rs 35.15 crore by promoters
The Rs 251.14-crore IPO received bids for 1,43,79,060 shares against 80,12,990 shares on offer.
Dharmaj Crop Guard aims to mobilise Rs 251.15 crore via maiden public issue comprising a fresh issue of Rs 216 crore and an offer for sale of Rs 35.15 crore by promoters.
The company aims to raise Rs 251.15 crore through the offer at the upper price band. The issue comprises a fresh issue of shares worth Rs 216 crore and a sale of 14.83 lakh shares by promoters.
Long-term performance and re-rating of this stock depends on successful execution of the planned projects
Dharmaj Crop IPO | The company will finalise its IPO share allotment by December 5 and the shares will start trading on December 8
KR Choksey has come out with its report on Dharmaj Crop Guard. The research firm has recommended to “ Subscribe” the ipo in its research report as on November 25, 2022.
Anand Rathi has come out with its report on Dharmaj Crop Guard. The research firm has recommended to “ Subscribe” the ipo in its research report as on November 25, 2022.
The initial public offering of Dharmaj Crop Guard will open for subscription on November 28 and the closing date will be November 30.
November is the most active month for IPOs since May, in which eight companies including Life Insurance Corporation of India and logistics firm Delhivery raised more than Rs 30,000 crore
The public issue comprises a fresh issue of Rs 216 crore and an offer for sale of 14.83 lakh shares by promoters.
Venus Pipes & Tubes said that 50.74 lakh equity shares of the company will be sold through IPO.
Dharmaj Crop Guard IPO | Promoters Manjulaben Rameshbhai Talavia, Muktaben Jamankumar Talavia, Domadia Artiben, and Ilaben Jagdishbhai Savaliya will sell shares via OFS.