Dharmaj Crop Guard IPO day 2 subscription details

The initial public offer (IPO) of Dharmaj Crop has been fully subscribed on Day 1 of the offer. The IPO was subscribed 1.79 times on Monday, November 28. The three day offer will conclude on Wednesday, November 30 and the shares of the company are expected to list on December 8 on BSE and NSE.

As per BSE cumulative demand, Dharmaj Crop Guard is subscribed times by 11 AM on day 2 of the offer. The category for Retail Individual Investors (RIIs) received 3.86 times subscription, non-institutional investors portion was subscribed 2.75 times and Qualified Institutional Buyers (QIBs) 0.36 times.

The Rs 251.14 crore IPO has a fresh issue of Rs 216 crore and an offer for sale of 14,83,000 equity shares. The price range of the IPO is at Rs 216-237 per share and one needs to apply for 60 shares in a lot.

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