Dharmaj Crop News Today

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Rs 251.15 crore public issue of Dharmaj Crop Guard was subscribed 35.5 times

Dharmaj Crop Guard IPO: The quota for qualified institutional buyers (QIBs) got subscribed 48.21 times, while the category for non-institutional investors witnessed 52.29 times subscription. The portion for retail individual investors (RIIs) received 21.53 times subscription and that for employees got subscribed 7.48 times.

Dharmaj Crop Guard IPO: The quota for qualified institutional buyers (QIBs) got subscribed 76 per cent, while the category for non-institutional investors witnessed 8.74 times subscription. The portion for retail individual investors (RIIs) received 7.75 times subscription and that for employees got subscribed 3.75 times.

Nifty on Friday settled above the 18,500 level. It formed a Bullish Engulfing candle on the weekly chart. The 50-pack index is trading close to the overbought zone.

Dharmaj Crop Guard IPO: Market participants said Dharmaj Crop IPO grey market premium (GMP) was seen around Rs 48. It implies that the grey market expected the company to list around Rs 285 (Rs 237 + Rs 48), which is more than 20 per cent higher than the IPO's upper band price of Rs 237 per equity share.

Brokerages Anand Rathi and Swastika Investmart have given subscribe ratings for the upcoming initial public offering of Dharmaj Crop Guard.

Brokerages Anand Rathi and Swastika Investmart have given subscribe ratings for the upcoming initial public offering of Dharmaj Crop Guard.

The initial share-sale will open for public subscription on November 28 and conclude on November 30, the company said in a statement.