The Dharmaj Crop Guard IPO, which was sold in the Rs 216-237 range, was a hit among investors, as the issue received 35.49 times bids, led largely by strong participation from HNIs and qualified institutional buyers (QIBs)
Incorporated in 2015, Dharmaj Crop Guard Limited is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agrochemicals such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics to the B2C and B2B customers.
Dharmaj Crop Guard IPO: The grey market premium (GMP) of the IPO stood at Rs 55 today, implying a likely listing at Rs 292 per share. The IPO had a price band of Rs 216-237 per share
The three-day initial public offering for Dharmaj Crop Guard began on Monday for subscription and the firm has fixed the price band at Rs 216 to Rs 237 per share.