Dharmaj Crop Guard IPO (Public Issue) Subscribed 1.79 Times On Day 1

The Initial Public Offer (IPO) of Dharmaj Crop Guard was fully subscribed on the first day of offer and ended the trade with 1.79 times subscription today.

The Rs 251.14-crore IPO received bids for 1,43,79,060 shares against 80,12,990 shares on offer, according to NSE data.

The category for Retail Individual Investors (RIIs) received 2.60 times subscription, non-institutional investors portion was subscribed 1.80 times and Qualified Institutional Buyers (QIBs) 35 per cent.

The IPO has a fresh issue of up to Rs 216 crore and an offer for sale of 14,83,000 equity shares.

Price range for the offer is at Rs 216-237 a share.

Elara Capital (India) and Monarch Networth Capital are the managers to the offer.

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