IPO Details

Issue Date




Price Range

216 - 237

Lot Size


IPO Size

₹ 251.15 Cr

IPO Listing Details

Listing On

8 Dec'22

Issue Price


Listed Price

₹ 266.05

Retail Gain/Listing Gain


Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Dharmaj Crop Guard Limited is an agrochemical company engaged in the business of manufacturing, distributing, and marketing of a wide range of agro chemical 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 and owned by the company and through generic brands, to Indian farmers through its distribution network.

The company provides crop protection solutions to the farmer to assist them to maximize productivity and profitability. It exports 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 customers. Additionally, it manufactures and sells general insect and pest control chemicals for Public Health and Animal Health protection.

The company has obtained 464 registrations for agrochemical formulations from the CIB&RC, out of which 269 agrochemical formulations are for sale in India as well as for export and 195 agrochemical formulations are exclusively for exports. Additionally, it has also applied for registrations of 18 agrochemical formulations and 17 agrochemical technicals from the CIB&RC, which are pending at various stages.

As of September 30, 2022, Dharmaj Crop Guard had over 118 branded formulations that are sold to farmers. It sells bulk products to institutional customers domestically and in the international markets. Further, as of September 30, 2022, it had more than 154 institutional products which it sold to more than 600 customers based in India and in the international markets.

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Diversified product portfolio & consistent focus on quality and innovation:
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Strong R&D capabilities with focus on innovation and sustainability:
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Established distribution network with strong branded products & stable relationship with institutional customers:
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Track record of strong operational and financial performance:
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Here are a few strategies Dharmaj Crop Guard Limited has for its business:

  • Enhance manufacturing capabilities through backward integration and expand product portfolio

  • Targeting new customers, expanding existing customer business and increase market share in domestic and international markets

  • Expanding the Public Health and Animal Health product segment

  • Strengthening up business through effective branding, promotional and digital activities

And finally here’s a look at key financials of Dharmaj Crop Guard Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Top Dharmaj Crop Guard Ltd IPO FAQs

Dharmaj Crop Guard Ltd will list on 2022-12-08.

251.15 is the issue size of Dharmaj Crop Guard Ltd IPO.

The price band of Dharmaj Crop Guard Ltd IPO is ₹216 to ₹237.

The Dharmaj Crop Guard Limited IPO has an issue size of Rs. 251 crore. The IPO opens for subscription on 28th November, and ends on 30th November.

The allotment dates will be announced soon.

Link Intime India Private Limited is the registrar for this IPO.

You can read more about Dharmaj Crop Guard Limited and its IPO from the company’s red herring prospectus (RHP) here: Dharmaj Crop Guard Limited RHP.

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