IPO SYNOPSIS

Dharmaj Crop Guard Ltd
Registered Office:
Plot No 408 to 411 Off NH-8,Kerala GIDC Estate Bavla Taluk,
Ahmedabad - 382220,
Gujarat, India.
Initial public offering of 10,596,924^ equity shares of face value of (₹) 10 each ("Equity Shares") of the company for cash at a price of (₹) 237 per equity share, including a premium of (₹) 227 per equity share, (the "Offer Price"), aggregating to (₹) 251.09 crores^, comprising of a fresh issue of to 9,113,924^ equity shares aggregating to (₹) 215.95 crores^ by the company ("Fresh Issue") and an offer for sale of 709,500^ equity shares by Manjulaben Rameshbhai Talavia, 656,000^ equity shares by Muktaben Jamankumar Talavia, 87,500^ equity shares by Domadia Artiben and 30,000^ equity shares by Ilaben Jagdishbhai Savaliya (collectively, the "Selling Shareholders"), aggregating to 1,483,000^ equity shares ("Offered Shares") aggregating to (₹) 35.15 crores^ (the "Offer for Sale" and together with the fresh issue, the"Offer"). The offer includes a reservation of to 55,000^ equity shares aggregating to (₹) 1.25 crores^ for subscription by eligible employees (constituting 0.16% of the post-offer equity share capital of the company) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 31.35% and 31.19%, respectively, of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of the basis of allotment The face value of equity shares is (₹) 10 each. The offer price is 23.70 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Nov-22
30-Nov-22
237.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 60     Further Multiples of : 60
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
201.44
Elara Capital (India) Pvt Ltd
Project Financed
251.09
 
Post Issue
33.80
 
Issue Price
237.00
 
Projects
Funding Capital Expenditure towards setting up of a manufacturing facility at Saykha Bharuch Gujarat
Funding Incremental Working Capital Requirements
Repayment and/or Pre-Payment, in full and/or part, of certain Borrowings of the Company
General Corporate Purposes
Promoted By
Rameshbhai Ravajibhai Talavia
Jamankumar Hansarajbhai Talavi
Jagdishbhai Ravjibhai Savaliya
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
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