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Dharmaj Crop Guard Limited IPO: GMP, Price, Subscription Status & More Details

Dharmaj Crop Guard Limited IPO is now open and will go on till the 30th of November. Check out Dharmaj IPO GMP, subscription status, and all other details right here.

by Sahil_Jain Updated: 29 Nov, 2022, 20:33 IST
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Dharmaj Crop Guard Limited IPO is now open for subscription and its price band is ₹216 to ₹237 per share. The initial public offering of Dharmaj Ltd. will be open from 28th to 30th November. Its GMP today is around Rs 52 and experts believe that this IPO may open at a premium in the stock market. The listing date of Dharmaj Crop Guard Ltd. is on 8th December. Moreover, the total IPO issue sums up to ₹216 crores, excluding the 14.83 lakh equity shares on an offer-for-sale. Here are all the latest details of the Dharmaj IPO.

Dharmaj Crop Guard IPO GMP Subscription Status & Full Details

Dharmaj Crop Guard Ltd., established in 2015, is a leading manufacturer and distributor of agrochemicals such as insecticides, fungicides, herbicides, plant growth regulators, and more. The company also acts as a marketing firm for other brands that deal in the same category. Thus, all-in-all, Dharmaj Crop Guard helps farmers with crop protection, productivity, and profitability.

Now that the agrochemicals company is about to make its way into the Indian share market, investors are willing to know more about Dharmaj and its IPO issue. If things go well for the company, it would use the investors' money to further expand the business. So, let us talk more about the IPO issue of this Gujrat based pesticide manufacturing company.

Dharmaj Crop Guard IPO Full Details and Review 

Dharmaj Crop Guard IPO Full Details

There are certain aspects that need to be considered whenever we talk about a company’s IPO issue. These aspects may explain whether an IPO would perform better or worse in the share market. And as well all trade and invest with just one intention, profit, it is important to first understand what a company has to offer and whether it can be beneficiary for us or not. Therefore, we have talked about certain parameters of the Dharmaj Crop Guard IPO issue right below:

Dharmaj Crop Guard Limited IPO GMP Today: 28th November 2022

Dharmaj Crop Guard Ltd. IPO GMP today is ₹52. A GMP of Rs 52 for Dharmaj shows that the company has a chance to perform well on its debut day in the stock market.

Note that this data is updated on the 29th of November and the grey market premium of any company can change with time. Thus, we will keep updating the post for the same.

GMP stands for Grey Market Premium and it shows the price at which investors are applying for an IPO. If the GMP is higher, the IPO would probably open at a premium in the share market. Though, things may get ugly if the GMP of an IPO is lower.

Dharmaj IPO Price Band: ₹216-237 & OFS by Existing Shareholders

The price band set for Dharmaj’s IPO is from Rs 216 to Rs 237. Thus, investors can apply for one or more lots of shares within the same price range. Also, the existing shareholders of the company have offered their shares for sale too. These are a total of 14.83 lakh equity shares that are available for OFS.

So if Dharmaj’s IPO gets subscribed fully at the upper end of its price band, the company would get nearly Rs 250 crores.

Dharmaj Crop Guard IPO Subscription Status on 29 November

As of 29th November, Dharmaj Crop Guard Limited IPO is subscribed 1.79 times in total. In the retail category, the public issue was subscribed 2.60 times its size. Thus, it is safe to say that investors are showing great interest in this IPO and it may produce decent gains for its shareholders on its listing. 

Dharmaj IPO Overall Subscription: Retail Investors, Institutional Investors, Non-institutional Investors & Employees

Dharmaj Crop Guard Ltd IPO Subscription Status

The subscription status of any IPO helps determine whether an IPO has higher or lower demand. And, as the basic economic rule suggests, the higher the demand, the higher the price, and vice versa.

Dharmaj Crop Guard Ltd. IPO Objectives: Company’s Plans for Future

Here are the basic objectives of Dharmaj Ltd. for its IPO issue:

  • Dharmaj Crop Guard plans on setting up a manufacturing unit at Saykha, Gujrat. If successful, the investors’ money from the IPO issue would be used partially for the same.

  • Capital funding for the company.

  • Repayment of some debts of the firm.

  • Day-to-day general transactions and business activities.

For all these purposes, Dharmaj plans on raising a capital of at least Rs 216 from the share market.

Dharmaj Crop Guard Ltd. IPO Review: Should You Buy Dharmaj’s IPO?

Trust me, buying or investing in a company or its IPO is not an answer that you should look up on the internet. Yeah, you may find many experts here to answer such questions, but at the end of the day, you are the only one who has to make that decision, right? Try and look for all the data available on the internet that can give you a fair idea of Dharmaj, its way of working, and its current situation. If everything adds up and seems fair, then you may consider applying for Dharmaj’s IPO.

Though, we can still help you in looking for more data about the company and its issue. Here at DesiDime, the dimers’ community is always up to help you with all of your doubts. So make sure to drop down your questions in the comments section below and we will try and help you in the best possible way.

For more information about Dharmaj Crop Guard Limited and its financials, check out its Red Herring Prospectus by SEBI.

Last Updated on: 29th November

Last but not least, if you are new to the stock market and plan on starting your investing journey, you can try using the Paytm Money app for iOS or Android. Also, if you use other stock trading apps like Zerodha or Upstox, we have some great offers and discounts for you: 

Upstox Coupons & Discounts
Zerodha Coupons & Discounts

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Sahil Jain is a personal finance and tech enthusiast who excels in matters related to tech and investment. His content revolves around mobile phone reviews, computers, operating systems, investments, credit cards, and other tech & finance topics.
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Top Comments
Deal Newbie Deal Newbie
sri29492550
Link Copied
playdime wrote:

If GMP is 42 who will apply for IPOprice if 216.

GMP 42 means, investors are ready to pay 216+42=258
Deal Cadet Deal Cadet
pdog
Link Copied
Expand
playdime wrote:

When risk factor is high returns should be high. FD sureshot you get 7% and depositiry participants insurances covered upto 5L.

:) 😀.  

With current market if you put on index stock also you will get more. NO FANCY ABOUT IPO.

Index stocks atleast cover something than IPO.

Thats where people falter in stock markets without knowing what’s is stop loss smile Good IPOs always have rewarded people with ofcourse some notable exceptions.. its all upto one’s risk taking ability.. people have become filthy rich in stock markets and filthy poor too.. but in FDs, you just are stagnant.. sometimes not even able to beat the inflation rate

Generous Generous
playdime
Link Copied
Expand
Sahil_Jain wrote:
Oh, okay
Actually, your comment seemed like we had some misunderstanding with GMP's meaning. Sorry for not understanding at once.

No problem. 

The problem with IPOs, Last 2 years books look lucarative or make it look like.

These are not long terms bets ( ofcourse with exception) . With CGT and all we get nothing.

These IPOs are just because now market is booming , recession looming in near future. FEELING LIKE 2008 DEJAVU.

Again its individual choice and nothing against any particular company or individual.

Special thanks to you for collating all together and bringing it here.

32 Comments  |  
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Generous Generous
playdime

If GMP is 42 who will apply for IPO price of 216.

Laughter Like 3
Helpful Helpful
Sahil_Jain
Author
playdime wrote:

If GMP is 42 who will apply for IPOprice if 216.

GMP refers to the premium price that people are willing to pay for an IPO issue. If the shares' price is Rs 216, then investors are willing to pay Rs 42 more than that to get Dharmaj's shares.
Like 3
Deal Newbie Deal Newbie
sri29492550
playdime wrote:

If GMP is 42 who will apply for IPOprice if 216.

GMP 42 means, investors are ready to pay 216+42=258
Like 4
Generous Generous
playdime
Expand
Sahil_Jain wrote:
GMP refers to the premium price that people are willing to pay for an IPO issue. If the shares' price is Rs 216, then investors are willing to pay Rs 42 more than that to get Dharmaj's shares.

It should be atleast 30% more to get listing gain if not there is no point.

Like 1
Helpful Helpful
Sahil_Jain
Author
Expand
playdime wrote:

It should be atleast 30% more to get listing gain if not there is no point.

Oh, okay
Actually, your comment seemed like we had some misunderstanding with GMP's meaning. Sorry for not understanding at once.
Generous Generous
playdime
Expand
Sahil_Jain wrote:
Oh, okay
Actually, your comment seemed like we had some misunderstanding with GMP's meaning. Sorry for not understanding at once.

No problem. 

The problem with IPOs, Last 2 years books look lucarative or make it look like.

These are not long terms bets ( ofcourse with exception) . With CGT and all we get nothing.

These IPOs are just because now market is booming , recession looming in near future. FEELING LIKE 2008 DEJAVU.

Again its individual choice and nothing against any particular company or individual.

Special thanks to you for collating all together and bringing it here.

Like 2
Helpful Helpful
Sahil_Jain
Author
Expand
playdime wrote:

No problem. 

The problem with IPOs, Last 2 years books look lucarative or make it look like.

These are not long terms bets ( ofcourse with exception) . With CGT and all we get nothing.

These IPOs are just because now market is booming , recession looming in near future. FEELING LIKE 2008 DEJAVU.

Again its individual choice and nothing against any particular company or individual.

Special thanks to you for collating all together and bringing it here.

Agreed!
CGT and the current situation have hit stock market investors really hard and that impact will be visible in the coming years. And I would say that the share market in 2022 is totally different than what it used to be before covid, and people are either new to the game or haven't adapted to the change. 
We always talk about bulls and bears in the market, but the truth is that the majority of retail investors are stags, who are really dangerous for the market as a whole. 

And you are most welcome. Also, I appreciate your participation in the same too.
Like 1
Deal Cadet Deal Cadet
newbie01
If market falls premium write off
Like 1
Helpful Helpful
Sahil_Jain
Author
newbie01 wrote:
If market falls premium write off
💯💯💯💯
Market sentiments affect an IPO the most. 
Like 1
Deal Cadet Deal Cadet
newbie01
Expand
Sahil_Jain wrote:
💯💯💯💯
Market sentiments affect an IPO the most. 
Datta pattern GMP was nearly 100% but after listing I got 500 rs profit
sob sob sob
Like 1
Helpful Helpful
Sahil_Jain
Author
Expand
newbie01 wrote:
Datta pattern GMP was nearly 100% but after listing I got 500 rs profit
sob sob sob
But Data Pattern's share price has boomed since then...I hope you still have that stock in your portfolio.
Even though you didn't earn much with its IPO issue, the actual profit from that share would be great, right?
Deal Cadet Deal Cadet
newbie01
Expand
Sahil_Jain wrote:
But Data Pattern's share price has boomed since then...I hope you still have that stock in your portfolio.
Even though you didn't earn much with its IPO issue, the actual profit from that share would be great, right?
No bro I don't have that in my portfolio, once I kept gland pharma in portfolio and it kept falling thats why I don't keep ipo stocks in portfolio
Like 1
Helpful Helpful
Sahil_Jain
Author
Expand
newbie01 wrote:
No bro I don't have that in my portfolio, once I kept gland pharma in portfolio and it kept falling thats why I don't keep ipo stocks in portfolio
Within 1 year, that stock went from Rs 575 to Rs 1465 and even now, it's around Rs 1290. That's a huge leap, isn't it?
That's why the stock market is so unpredictable. A company whose IPO didn't perform that well now has its share price at more than double its listing price. 
Deal Subedar Deal Subedar
Agnivo007

Applied on first day for one retail lot. Due to small size of IPO, found applying in any NHI category not worth considering. May pick up additional in pre-open whether allotted or not. Due to low float and small size, will definitely rise in the short term.

Like 1
Helpful Helpful
Sahil_Jain
Author
Agnivo007 wrote:

Applied on first day for one retail lot. Due to small size of IPO, found applying in any NHI category not worth considering. May pick up additional in pre-open whether allotted or not. Due to low float and small size, will definitely rise in the short term.

All the best!!
Do let us know if anything spectacular happens.
Like 1
Hunk Hunk
bikidas2060
Expand
Sahil_Jain wrote:
GMP refers to the premium price that people are willing to pay for an IPO issue. If the shares' price is Rs 216, then investors are willing to pay Rs 42 more than that to get Dharmaj's shares.

No no. It is the grey market premium. If a person will purchase the application in grey market, unregulated/ not so legal, then it is the amount has to be paid upon the successful allotment of the shares. 🙂🙂🙂

Like 1
Helpful Helpful
Sahil_Jain
Author
Expand
bikidas2060 wrote:

No no. It is the grey market premium. If a person will purchase the application in grey market, unregulated/ not so legal, then it is the amount has to be paid upon the successful allotment of the shares. 🙂🙂🙂

I hope this is a joke😅
Laughter 1
Hunk Hunk
bikidas2060
Category Source Chittorgarh Subscription (times)
QIB 42.18
NII 51.60
bNII (bids above ₹10L) 52.66
sNII (bids below ₹10L) 49.48
Retail 20.28
Employee 7.03
Total 33.02
Fire 2
Deal Subedar Deal Subedar
Agnivo007

Watching final subscription: To thik hi Kiya on 1st. Day, bid for one retail lot, no tension on last day...

Will you pick some in preopen? @bikidas2060

Like 2
Hunk Hunk
bikidas2060
Agnivo007 wrote:

Watching final subscription: To thik hi Kiya on 1st. Day, bid for one retail lot, no tension on last day...

Will you pick some in preopen? @bikidas2060

No idea bhai 🙂🙂🙂

Like Pensive 2
Benevolent Benevolent
suplex_city
bikidas2060 wrote:
Category Source Chittorgarh Subscription (times)
QIB 42.18
NII 51.60
bNII (bids above ₹10L) 52.66
sNII (bids below ₹10L) 49.48
Retail 20.28
Employee 7.03
Total 33.02

Difficult to get allotment in retail category 

Like 2
Benevolent Benevolent
suplex_city

Ipo = GMP 

No GMP no one cares about it.


Like 1
Deal Cadet Deal Cadet
pdog
Expand
playdime wrote:

It should be atleast 30% more to get listing gain if not there is no point.

Yea 20-30% premium in 10 days is too less right? better to keep that money in a FD for 365 days and get 7% .. such a profitable deal 😅
Like Laughter 3
Generous Generous
playdime
Expand
pdog wrote:
Yea 20-30% premium in 10 days is too less right? better to keep that money in a FD for 365 days and get 7% .. such a profitable deal 😅

When risk factor is high returns should be high. FD sureshot you get 7% and depositiry participants insurances covered upto 5L.

:) 😀.  

With current market if you put on index stock also you will get more. NO FANCY ABOUT IPO.

Index stocks atleast cover something than IPO.

Like 2
Deal Cadet Deal Cadet
pdog
Expand
playdime wrote:

When risk factor is high returns should be high. FD sureshot you get 7% and depositiry participants insurances covered upto 5L.

:) 😀.  

With current market if you put on index stock also you will get more. NO FANCY ABOUT IPO.

Index stocks atleast cover something than IPO.

Thats where people falter in stock markets without knowing what’s is stop loss smile Good IPOs always have rewarded people with ofcourse some notable exceptions.. its all upto one’s risk taking ability.. people have become filthy rich in stock markets and filthy poor too.. but in FDs, you just are stagnant.. sometimes not even able to beat the inflation rate

Like Fire 3
Generous Generous
playdime
Expand
pdog wrote:

Thats where people falter in stock markets without knowing what’s is stop loss smile Good IPOs always have rewarded people with ofcourse some notable exceptions.. its all upto one’s risk taking ability.. people have become filthy rich in stock markets and filthy poor too.. but in FDs, you just are stagnant.. sometimes not even able to beat the inflation rate

You mis-understood my perceptive and starting FD vs Stocks.

My point is IPO vs good performance index stocks if aim is to get 20% profit than unknown books of profit. If you understand well and good if not also fine as we dont know which stock gets blessing. Again IPO IS NO FANCY. LAST KNOWN GMP IS 52.😄.

look at books of similar stocks.

Like 1
replyuser
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