Dharmaj Crop Guard Ltd raises Rs 75 crore from anchor investors ahead of IPO

28 Nov 2022 , 09:32 AM

Ahead of its Initial Public Offering (IPO), Dharmaj Crop Guard Limited has mobilized Rs 74.95 crore via anchor book on November 25^th. As per the BSE filing, the company has finalized allocation of 31.62 lakh equity shares to anchor investors, at Rs 237 per share.

Three investors, Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund, invested in the company through the anchor book. Elara India Opportunities Fund bought shares worth Rs 34.94 crore, Rajasthan Global Securities purchased Rs 25 crore shares, and Resonance Opportunities Fund Rs 15 crore shares.

The company is looking to raise Rs 251 crore through this IPO by issuing 1.05 crore shares at the upper end of the price range of Rs 216-237 per share. Dharmaj Crop Guard IPO will open for subscription on November 28 and close on November 30.

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