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23/11/2022 16:20

Dharmaj Crop Guard announces launch of initial public offering

Dharmaj Crop Guard Ltd. has announced public offering of 10596924 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 227.00 per share. The gross proceeds of the issue are expected to be Rs 25,114.71 lakhs.

The company's initial public offer (IPO) will open on 28 November 2022 and is expected to close on 30 November 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 216.00-237.00 per share.

The IPO includes a fresh Issue of 10596924 Equity Shares of the Company at an price of Rs 237.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 60 shares with bids in multiples of 60.

Dharmaj Crop Guard Ltd. anticipates using the proceeds of the issue for .

Elara Capital (India) Pvt. Ltd.,Monarch Networth Capital Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.