Dharmaj share price

Dharmaj Crop Guard IPO GMP today: The scrip of agrochemical company Dharmaj Crop Guard got listed at Rs 266.05 apiece on the NSE, thereby registering a gain ...

The market capitalisation stood at Rs 915.57 crore, data from the BSE showed. However, the long-term outlook remains positive, and the valuations are still reasonable, so investors can continue to hold this stock, while those who applied for listing gains can maintain a stop loss of Rs 255.” At 11:30 am, the scrip was trading at Rs 270.90 on the BSE, up 14.30 per cent from the issue price while on NSE it was at Rs 270.95, up 14.32 per cent.

Retail investors put in bids for 21.5 times the shares in the portion reserved for them. The price band for the offer was Rs 216-237 per share. At the upper end ...

Profit for the first quarter of FY23 stood at Rs 18.4 crore on revenue of Rs 220.9 crore. “Healthy increase in capex over the years from the promoters shows promise and confidence in management. The Rs 251-crore public issue of the Ahmedabad-based company was subscribed 35.5 times, with qualified institutional buyers and high net worth individuals bidding for 48 times and 52 times their respective allotted quotas. The company is constantly growing its product mix and they show willingness to diversify their product lines to increase market share. The price band for the offer was Rs 216-237 per share. At the upper end of the price band, the IPO was at 20x its FY22 earnings which was a fair valuation, as per analysts.

The agrochemical player debuted at a premium of 12% per cent at Rs 266.05 as against the given issue price on the National Stock Exchange (NSE).

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