Dharmaj Crop Guard IPO
Agro-Chemicals - Listed on 08 December 2022
Dharmaj Crop Guard IPO listing summary
Dharmaj Crop Guard (Agro-Chemicals) closed its IPO window in 2022 and listed on NSE and BSE on 08 December 2022 at an upper band issue price of Rs 237, opening at Rs 266.29 for a listing gain of +12.4% and closing day one at Rs 270 (+13.9% on closing basis). The IPO was subscribed 63.86x overall - QIB 182.65x, HNI/NII 42.35x, Retail 5.64x. The total issue size was Rs 3,395 Cr (Fresh Issue Rs 0 Cr, OFS Rs 3395 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Dharmaj Crop Guard IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 40 | +16.88% |
| Day 2 | Rs 70 | +29.54% |
| Day 3 | Rs 70 | +29.54% |
| Day 4 | Rs 60 | +25.32% |
| Day 5 | Rs 50 | +21.10% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Dharmaj Crop Guard IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Dharmaj Crop Guard IPO - FAQs
What was the listing gain of Dharmaj Crop Guard IPO?
Dharmaj Crop Guard IPO listed at +12.4% versus the upper issue price of Rs 237 on 08 December 2022.
How many times was Dharmaj Crop Guard IPO subscribed?
Dharmaj Crop Guard IPO was subscribed 63.86x overall. QIB portion was subscribed 182.65x, HNI / NII 42.35x and Retail 5.64x.
What was the IPO GMP for Dharmaj Crop Guard?
IPO GMP started at Rs 40 on Day 1 and moved to Rs 50 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.