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Dharmaj Crop Guard Shares Debut, With 12 Pc Premium

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Dharmaj Crop Guard made its market debut with a 12 per cent premium on Thursday against the issue price of Rs 237. The stock made its debut at Rs 266.05, a jump of 12.26 per cent from the issue price on the NSE. Later it zoomed 17.11 per cent to Rs 277.55. On the BSE, it opened at Rs 266, a premium of 12.24 per cent. The stock further rose 16.46 per cent to Rs 275.80.

Dharmaj Crop Guard Shares Debut With 12 Pc Premium

In early trade, both the Sensex and the broader NIfty indices were trading on a flat note. The Rs 251-crore initial public offering (IPO) of Dharmaj Crop Guard was subscribed 35.49 times. The offer had a fresh issue of up to Rs 216 crore and an offer-for-sale of 14,83,000 equity shares. Its price range was Rs 216-237 a share.

The Ahmedabad-based company is an agrochemical firm engaged in the business of manufacturing, distributing, and marketing a wide range of agrochemicals such as insecticides, fungicides, herbicides, plant growth regulator, micro fertilisers, and antibiotics.

(PTI)

Story first published: Thursday, December 8, 2022, 12:02 [IST]





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