{"id":24056,"date":"2022-11-23T12:51:17","date_gmt":"2022-11-23T07:21:17","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=24056"},"modified":"2022-11-28T11:02:03","modified_gmt":"2022-11-28T05:32:03","slug":"dharmaj-crop-guard-limited-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/dharmaj-crop-guard-limited-ipo\/","title":{"rendered":"Dharmaj Crop Guard Limited IPO"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Dharmaj Crop Guard is an agrochemical manufacturer, which plans to raise Rs 251.15 crore through an initial public offering. The subscription for the IPO will be open from November 28 to 30.  The price band is fixed at Rs 216-237 per equity share. <\/p>\n

The IPO comprises of fresh issue of shares worth Rs 216 crore and Offer For Sale of shares worth Rs 35.15 crore. The face value is fixed at Rs 10 apiece.  <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t


Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Dharmaj Crop Guard 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 regulator, micro-fertilizers, and antibiotic to B2C and B2B customers.\u00a0<\/p>

The company exports their products to more than 66 customers spread across 25 countries which are present in Latin America, East Africa, Middle East and Far East Asia. The company also sells their agrochemical products in granules, powder and liquid forms to their customers.\u00a0<\/p>

Additionally, the company manufactures and sells general insect and pest control chemicals for Public Health protection. The chemical manufacturer provides crop protection solutions to farmers to maximize their productivity and profitability.<\/p>

According to its red herring prospectus, Dharmaj Crop Guard has obtained 464 registrations for agrochemical formulations from the Central Insecticide Board and Registration Committee (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.<\/p>

Meanwhile, the company has also applied for registrations of 18 agrochemical formulations and 17 agrochemical technicals from the CIB&RC, which are pending at various stages. It has 157 trademark registrations including their branded products.<\/p>

Moreover, the company has over 118 branded formulations that are sold to farmers and more than 154 institutional products that are sold to more than 600 customers based in India and international markets.<\/p>

With a a pan-India sales and dealer presence in 17 states, Dharmaj Crop Guard has a dedicated sales force that provides customer service and undertakes product promotion. The company had a strong network of 4,362 dealers having access to 16 stock depots supporting the distribution of their branded products across Indian states.<\/p>

The company has acquired about 33,489.73 square metres of land at Saykha Industrial Estate, Bharuch, Gujarat, India on leasehold basis for 99 years to set up a manufacturing facility for Agrochemical Technicals and its intermediates. The technical ingredients will be used for internal consumption as well as for sales in domestic and international market, which will give the company more competitive advantage.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t


Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t