Shares of Ahmedabad-based agrochemical company Dharmaj Crop Guard listed on Thursday at Rs 29 premium over issue price of Rs 237. The stock was listed at Rs 266.50 on NSE and closed at the premium of 12.36% over issue price at Rs 266.30 apiece.
However, the broader markets were volatile on Thursday due to RBI’s monetary policy outcome that saw repo rate hiked by 35 basis points and indicated more rate hikes to come.
The IPO had seen strong demand and was subscribed 35.49 times overall. The market capitalisation of Dharmaj Crop Guard stands at Rs 899 crore, according to BSE data.
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