Dharmaj Crop Guard IPO Overview 2022 – GMP, Strengths, & Extra!

Date:


Dharmaj Crop Guard IPO Overview: Dharmaj Crop Guard Restricted is arising with its Preliminary Public Providing. The IPO will open for subscription on November twenty eighth, 2022, and shut on November thirtieth, 2022. It’s having a look to lift Rs 251.15 crore, out of which Rs 216 crore will probably be a recent factor and the remainder Rs 35.15 crore will probably be an Be offering for Sale. 

On this article, we will be able to have a look at the Dharmaj Crop Guard IPO Overview 2022 and analyze its strengths and weaknesses. Stay studying to determine!

Dharmaj Crop Guard IPO Overview – About The Corporate

Dharmaj Crop Guard is an agrochemical corporate this is engaged within the trade of producing, distributing, and advertising quite a lot of chemical substances. Its merchandise come with pesticides, fungicides, herbicides, plant expansion regulators, micro fertilizers, and antibiotics which are provided to B2C and B2B shoppers.

Their merchandise are bought in 12 states thru a community comprising over 3,700 sellers getting access to 8 inventory depots in India, as of November 30, 2021.

The corporate has a robust world presence because it exports its merchandise to greater than 20 international locations together with Latin The us, East African International locations, the Center East, and A ways East Asia.

5paisa Derivatives Advisory

One of the most key shoppers of the corporate come with Atul Restricted, Heranba Industries Restricted, Leading edge, Meghmani Industries Restricted, Bharat Rasayan Restricted, and Oasis Restricted.

Along with that, the corporate manufactures and sells common insect and pest regulate chemical substances for Public Well being coverage similar to crop coverage answers to the farmers.

The product portfolio of the corporate

  • Pesticides: Their most sensible branded merchandise come with Padgham, Lubrio, Nilaayan, Dahaad, Prudhar, and Remora among others.
  • Fungicides: Their most sensible branded merchandise come with Gagandip, Sajaag, Lokraj, Rishmat, and Kaviraj among others.
  • Herbicides: Their most sensible branded merchandise come with Dharozar, Aatmaj, Rodular, Dharolik, Kohha, Kawayat Tremendous, and Sadavirum among others.
  • Plant expansion regulator: Their most sensible branded merchandise come with Rujuta, Greenoka, and Stabilizer among others.
  • Micro Fertilizers: Their most sensible branded merchandise come with Zeekasulf, Aakuko, Thandaj, and Zusta among others
  • Antibiotic: They promote emblem merchandise specifically Retardo.

The competition of the corporate

Dharmaj Crop Guard IPO Review - Competitors

(Supply: DRHP of the corporate)

Dharmaj Crop Guard IPO Overview – Monetary Highlights

Dharmaj Crop Guard IPO Review - Financials

(Supply: DRHP of the corporate)

Dharmaj Crop Guard IPO Overview – Trade Evaluate

The Indian pesticide business is essentially divided into Pesticides, Fungicides, and Herbicides. Pesticides account for a significant proportion of round 55% adopted by way of herbicides and fungicides with an approximate proportion of 23% and 18%, respectively.

Within the world agrochemicals marketplace, India is the 4th greatest manufacturer led by way of the United States, Japan, and China. Along side that, India has additionally emerged because the thirteenth greatest exporter of insecticides globally.

In keeping with  Corporate Commissioned CareEdge File, the total Indian insecticides, and different agrochemicals marketplace grew at a CAGR of four.5% from Rs.368 billion in 2013-14 to Rs.439 billion in 2017-18. 

Shifting ahead, the business is anticipated to develop at a CAGR of five.2%-5.7% by way of 2023-24 because of an upward expansion anticipated within the world marketplace and a most likely building up in home utilization of insecticides in India.

Strengths

  • The corporate has a robust and different product portfolio.
  • The corporate has been ready to expand sturdy distribution channels and solid relationships with its shoppers through the years.
  • The corporate has a robust Analysis and Construction (“R&D”) facility with a focal point on innovation and sustainability. 
  • The corporate is led by way of skilled Promoters and a control crew.
  • The corporate has sturdy and efficient branding, promotional, and virtual energy.

Weaknesses

  • The corporate is topic to strict technical specs, high quality necessities, common inspections, and audits by way of the federal government and its shoppers. Any deviation will result in a damaging affect on their recognition.
  • The character of the trade is cyclical because the sale of its merchandise is topic to seasonal differences and climatic stipulations.
  • New-age pest control and crop coverage measures, similar to natural farming, biotechnology merchandise, pest-resistant seeds, or genetically changed vegetation may also be an rising danger to their product.
  • The goods of the corporate may also be hazardous to its employee’s well being and the surroundings. Thus, it’s topic to stringent rules, deviation from which might draw in hefty fines.
  • The corporate has positive remarkable litigation lawsuits towards them, their promoters, and their Administrators.

Dharmaj Crop Guard IPO Overview – GMP

The stocks of Dharmaj Crop Guard traded at a top rate of 18.99% within the gray marketplace on November twenty fourth, 2022. The stocks tarded at Rs 282. This provides it a top rate of Rs 45 in line with proportion over the cap value of Rs 237. 

Dharmaj Crop Guard IPO Overview – Key IPO Knowledge

Promoters: Rameshbhai Ravajibhai Talavia, Jaman Kumar Hansrajbhai Talavia, Jagdishbhai Ravjibhai Savaliya, and Vishal Domadia.

Ebook Operating Lead Managers: Elara Capital (India) Non-public Restricted and Monarch Networth Capital Restricted. 

Registrar To The Be offering: Hyperlink Intime India Non-public Restricted.

Details Main points
IPO Measurement ₹251.15 Crore
Recent Factor ₹216 Crore
Be offering for Sale (OFS) ₹35.15 Crore
Opening date November 28, 2022
Final date November 30, 2022
Face Price ₹10 in line with proportion
Worth Band ₹216 to ₹237 in line with proportion
Lot Measurement 60 Stocks
Minimal Lot Measurement 1(60 Stocks)
Most Lot Measurement 14 (840 Stocks)
Checklist Date December 8, 2022

The Goal of the Factor

The Web Proceeds from the Recent Factor are proposed to be applied for:

  • Investment capital expenditure against putting in a producing facility at Saykha Bharuch, Gujarat.
  • Investment incremental operating capital necessities.
  • Compensation and/or pre-payment, in complete and/or section, of positive borrowings.
  • Common company functions.

In Final

On this article, we checked out the main points of Dharmaj Crop Guard IPO Overview 2022. Analysts stay divided at the IPO and its attainable features. This can be a excellent alternative for traders to seem into the corporate and analyze its strengths and weaknesses. That’s it for this publish.

Are you making use of for the IPO? Tell us within the feedback beneath.

You’ll now get the newest updates within the inventory marketplace on Industry Brains Information and you’ll even use our Industry Brains Portal for basic research of your favourite shares.

tradebrains portal app download

Get started Your Monetary Studying Adventure

Need to be informed Inventory Marketplace and different Monetary Merchandise? Ensure to take a look at, FinGrad, the educational initiative by way of Industry Brains. Click on right here to Check in lately to Get started your 3-Day FREE Path. And don’t fail to notice the Introductory Be offering!!



Source_link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related