Dharmaj crop guard ipo grey market premium

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by The Financial Express Dharmaj Crop Guard will announce the IPO share allotment by 5 December Dharmaj Crop Guard IPO received an encouraging response from investors as the overall issue was subscribed 35.49 times. The portion set aside for qualified institutional buyers (QIBs) and high net worth individuals (HNIs) was subscribed 48.21 times and 52.29 times, respectively. The agrochemical company will announce the IPO share allotment by 5 December. Investors can check their share allotment status either on the BSE website or the portal of the IPO registrar. Dharmaj Crop Guard shares will debut on stock exchanges BSE and NSE on 8 December. Dharmaj Crop Guard shares were commanding a grey market premium of Rs 56 on Friday. Also Read: Dharmaj Crop Guard, which is primarily engaged in manufacturing, distributing, and marketing of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers and antibiotics to the B2C and B2B customers, launched its Rs 251.15 crore public issue for subscription earlier this week. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites. The registrar of the issue is Link Intime India Private Ltd, a SEBI-registered entity, responsible for the IPO allotment and refund processing. Check Dharmaj Crop Guard share allotment status via registrar Link Intime India website To check the share allotment...

Dharmaj Crop Guard IPO: Market participants said Dharmaj Crop IPO grey market premium (GMP) was seen around Rs 48. It implies that the grey market expected the company to list around Rs 285 (Rs 237 + Rs 48), which is more than 20 per cent higher than the IPO's upper band price of Rs 237 per equity share. The initial public offering (IPO) of Dharmaj Crop Guard on Monday got fully subscribed on the first day of bidding. The issue attracted bids for 1,43,79,060 crore equity shares against the IPO size of 80,12,990 shares, booked 1.79 times on Day 1. The quota for qualified institutional buyers (QIBs) got subscribed 35 per cent, while the category for non-institutional investors witnessed 1.80 times subscription. The portion for retail individual investors (RIIs) received 2.60 times subscription and that for employees got subscribed 1.77 times. Grey market premium Market participants said Dharmaj Crop IPO grey market premium (GMP) was seen around Rs 48. It implies that the grey market expected the company to list around Rs 285 (Rs 237 + Rs 48), which is more than 20 per cent higher than the IPO's upper band price of Rs 237 per equity share. "The company has a diversified product set with a presence across domestic as well as international markets. The operations look relatively small compared to its peers, however, revenues, EBITDA and margins are on the rise. At the upper band, post-fresh issue, the asking P/E post-fresh issue comes around 27.8x based on FY22 earnings. Given ...

Amid the rising volatility in the domestic equity markets, a couple of companies are eyeing to make their debut on Dalal Street. The recent weakness in the broader markets is denting their premia in the grey market. Dharmaj Crop Guard and Uniparts will be listed on the bourses in the next few sessions but their premia in the unofficial market have been retreating lately, considering the profit booking in the Indian markets. Dharmaj Crop Guard's premium in the grey market has slipped down to Rs 45 from Rs 50 in just 24 hours, whereas Uniparts India is currently commanding a premium of Rs 55-60. It was Rs 65-70 a day ago. According to dealers tracking the grey market, the premia has taken a hit on the back of profit booking in the secondary markets, smaller issues, in-line valuations and little activity in the unofficial space. Uniparts India's primary stake sale kicked off on November 30 as the company aimed to raise Rs 835.6 crore by selling its shares in the range of Rs 548-577 apiece till December 2. Its issue has overall fetched 25.32 times bids. Dharmaj Crop is likely to make its debut at Dalal Street on Thursday, December 8, whereas Uniparts is set for listing on Monday, December 12. Manish Khanna, Co-Founder, Unlisted Assets, said the premium in the grey market for Dharmaj Crop Guard has improved from Rs 32 at the early stage — thanks to its strong subscription, and one can expect a decent listing pop. "However, the premium for Uniparts India has eased down around Rs...

Shares of Ahmedabad-based agrochemical company Dharmaj Crop Guard on Thursday listed on the bourses at a ₹29 premium over the issue price of ₹237 a share. The stock opened at ₹266. This is lower than the grey market expectation of ₹55 premium per share. The grey market is an unofficial market where the IPO shares are traded before they are listed on the stock exchanges. Meanwhile, the broader markets were volatile on Thursday a day after RBI’s monetary policy outcome that saw repo rate hiked by 35 basis points and indicated more rate hikes to come. The market capitalisation of Dharmaj Crop Guard stands at ₹899 crore, according to BSE data. The IPO saw strong demand from non-institutional and qualified institutional investors as they subscribed 52.29 and 48.21 times respectively.Overall, the IPO was subscribed 35.49 times. Companies Highest listing gains per share Harsha Engineers International ₹155.90 Dreamfolks Services ₹136.65 Aether Industries ₹134.75 DCX Systems ₹101.80 Kaynes Technology ₹103.10 Source: BSE Performance and business model of Dharmaj Crop Guard The company’s initial public offering (IPO) mopped up ₹251 crore in total via a combination of fresh issue of shares and an offer for sale from existing shareholders. The net proceeds from the fresh issue is proposed to be used towards setting up a manufacturing facility in Gujarat, fulfilling working capital requirements and for repaying some debts. Dharmaj Crop Guard is engaged in the business of manufacturing, ...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by Business Today Dharmaj Crop Guard IPO GMP, valuations, analyst views, price band & more The initial public offer (IPO) by Dharmaj Crop Guard, an agrochemical company, will kick off today. The Rs 251 crore offer is being sold in the Rs 216-237 crore price band. The IPO will close on November 30. Grey market premium Last heard, Dharmaj Crop Guard IPO was commanding a grey market premium (GMP) of Rs 66 per share in the grey market, suggesting prospects of a strong listing. That said, investors with a very short-term investment horizon would also want to look at the trend in the secondary market, especially given the weakening of sentiment globally in the wake of rising Covid cases in China. Valuations At the upper price band of Rs 237 and EPS of Rs 11.62 for FY22, the PE ratio for the issue works out to be 20.4 times. If one annualise the company's four months FY23 EPS of Rs 7.44 (till July 2022), then on the annualised FY23 EPS of Rs 22.32, the issue is available at a PE of 10.62 times, which compared to its peers is quite cheap, said KR Choksey Shares & Securities in a note. Analyst take Valuation looks attractive, considering the average industry PE of 24.04 times, KR Choksey said adding that the company's long-term prospects are favourable, given the fact that it is an emerging player in the agrochemicals space having both B2C and B2B client base. “The agrochemicals sector is gaining prominence and has...

December 6, 2022 admin [ssba] Dharmaj Crop Guard IPO Analysis @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, it is the Only Investment Platform in India, which has successfully completed 22 Years Dharmaj Crop Guard IPO Listing Estimate: The scrip is expected to get listed at Rs. 285/290 as compared to its issue price of Rs 237 Dharmaj Crop Guard IPO Allotment: Dharmaj Crop Guard IPO Guidance: Dharmaj Crop Guard Grey Market News Today # for latest updates, Dharmaj Crop Guard IPO Subscription (Closed) # On 30 November 2022 @ 5.00 pm (Day 3) QIB : 2243990 Shares, 48.21T Big NII : 1142800 Shares, 52.97T SmallNII: 571400 Shares, 50.92T RII : 3999800 Shares, 21.53T Emp : 55000 Shares, 7.48T Total : 8012990 Shares, 35.49T Dharmaj Crop Guard Company Details Dharmaj Crop is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers. It is also engaged in the marketing and distribution of agrochemical products under brands in-licensed by it, owned by it and through generic brands, to Indian farmers through its distribution network. It provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. It exports its products to more than 20 countries in Latin America, Ea...

December 6, 2022 admin [ssba] Dharmaj Crop Guard IPO Analysis @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, it is the Only Investment Platform in India, which has successfully completed 22 Years Dharmaj Crop Guard IPO Listing Estimate: The scrip is expected to get listed at Rs. 285/290 as compared to its issue price of Rs 237 Dharmaj Crop Guard IPO Allotment: Dharmaj Crop Guard IPO Guidance: Dharmaj Crop Guard Grey Market News Today # for latest updates, Dharmaj Crop Guard IPO Subscription (Closed) # On 30 November 2022 @ 5.00 pm (Day 3) QIB : 2243990 Shares, 48.21T Big NII : 1142800 Shares, 52.97T SmallNII: 571400 Shares, 50.92T RII : 3999800 Shares, 21.53T Emp : 55000 Shares, 7.48T Total : 8012990 Shares, 35.49T Dharmaj Crop Guard Company Details Dharmaj Crop is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilizers and antibiotic to the B2C and B2B customers. It is also engaged in the marketing and distribution of agrochemical products under brands in-licensed by it, owned by it and through generic brands, to Indian farmers through its distribution network. It provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. It exports its products to more than 20 countries in Latin America, Ea...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by Business Today Dharmaj Crop Guard IPO GMP, valuations, analyst views, price band & more The initial public offer (IPO) by Dharmaj Crop Guard, an agrochemical company, will kick off today. The Rs 251 crore offer is being sold in the Rs 216-237 crore price band. The IPO will close on November 30. Grey market premium Last heard, Dharmaj Crop Guard IPO was commanding a grey market premium (GMP) of Rs 66 per share in the grey market, suggesting prospects of a strong listing. That said, investors with a very short-term investment horizon would also want to look at the trend in the secondary market, especially given the weakening of sentiment globally in the wake of rising Covid cases in China. Valuations At the upper price band of Rs 237 and EPS of Rs 11.62 for FY22, the PE ratio for the issue works out to be 20.4 times. If one annualise the company's four months FY23 EPS of Rs 7.44 (till July 2022), then on the annualised FY23 EPS of Rs 22.32, the issue is available at a PE of 10.62 times, which compared to its peers is quite cheap, said KR Choksey Shares & Securities in a note. Analyst take Valuation looks attractive, considering the average industry PE of 24.04 times, KR Choksey said adding that the company's long-term prospects are favourable, given the fact that it is an emerging player in the agrochemicals space having both B2C and B2B client base. “The agrochemicals sector is gaining prominence and has...

Shares of Ahmedabad-based agrochemical company Dharmaj Crop Guard on Thursday listed on the bourses at a ₹29 premium over the issue price of ₹237 a share. The stock opened at ₹266. This is lower than the grey market expectation of ₹55 premium per share. The grey market is an unofficial market where the IPO shares are traded before they are listed on the stock exchanges. Meanwhile, the broader markets were volatile on Thursday a day after RBI’s monetary policy outcome that saw repo rate hiked by 35 basis points and indicated more rate hikes to come. The market capitalisation of Dharmaj Crop Guard stands at ₹899 crore, according to BSE data. The IPO saw strong demand from non-institutional and qualified institutional investors as they subscribed 52.29 and 48.21 times respectively.Overall, the IPO was subscribed 35.49 times. Companies Highest listing gains per share Harsha Engineers International ₹155.90 Dreamfolks Services ₹136.65 Aether Industries ₹134.75 DCX Systems ₹101.80 Kaynes Technology ₹103.10 Source: BSE Performance and business model of Dharmaj Crop Guard The company’s initial public offering (IPO) mopped up ₹251 crore in total via a combination of fresh issue of shares and an offer for sale from existing shareholders. The net proceeds from the fresh issue is proposed to be used towards setting up a manufacturing facility in Gujarat, fulfilling working capital requirements and for repaying some debts. Dharmaj Crop Guard is engaged in the business of manufacturing, ...

Adipurush Review: Netizens Give Their Verdict On Twitter © Provided by The Financial Express Dharmaj Crop Guard will announce the IPO share allotment by 5 December Dharmaj Crop Guard IPO received an encouraging response from investors as the overall issue was subscribed 35.49 times. The portion set aside for qualified institutional buyers (QIBs) and high net worth individuals (HNIs) was subscribed 48.21 times and 52.29 times, respectively. The agrochemical company will announce the IPO share allotment by 5 December. Investors can check their share allotment status either on the BSE website or the portal of the IPO registrar. Dharmaj Crop Guard shares will debut on stock exchanges BSE and NSE on 8 December. Dharmaj Crop Guard shares were commanding a grey market premium of Rs 56 on Friday. Also Read: Dharmaj Crop Guard, which is primarily engaged in manufacturing, distributing, and marketing of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilisers and antibiotics to the B2C and B2B customers, launched its Rs 251.15 crore public issue for subscription earlier this week. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites. The registrar of the issue is Link Intime India Private Ltd, a SEBI-registered entity, responsible for the IPO allotment and refund processing. Check Dharmaj Crop Guard share allotment status via registrar Link Intime India website To check the share allotment...