Dharmaj Crop Guard IPO: Check IPO subscription, GMP today, listing date ahead of share allotment date

According to various reports, the Dharmaj Crop Guard shares were attracting a grey market premium (GMP) of Rs 50 per share. The Dharmaj Crop Guard shares are likely to be listed on the BSE Sensex and NSE Nifty stock exchanges on December 8.

According to reports, the finalisation of the share allotment process is likely to be completed between December 5 and December 7 - from the allotment decision to the credit of shares.

Dharmaj Crop Guard IPO came with an issue of Rs 216 crore and an offer for sale of 14,83,000 equity shares. The IPO had a price range of Rs 216-237 per share. The company had raised Rs 74.95 crore from anchor investors. 

Dharmaj Crop Guard aims to utilise the funds to meet the capital expenditure towards setting up a manufacturing facility at Saykha, Bharuch, Gujarat; funding incremental working capital requirements of the company; repayment and/or pre-payment, in full and/or part, of certain borrowings of the company, and general corporate purposes.