Dharmaj Crop Guard’s Initial Public Offer (IPO) was fully subscribed on the first day of the offer and closed the transaction today with 1.79 times subscription.
The Rs 251.14-crore IPO received bids for 1,43,79,060 shares against 80,12,990 shares tendered, according to NSE data.
The private retail investor (RIIs) category received 2.60 times enrollment, non-institutional investors 1.80 times, and Qualified Institutional Buyers (QIBs) 35 percent.
The IPO has a new issue of up to Rs 216 crore and a sale offer of 14,83,000 shares.
The price range for the offering is Rs 216-237 per share.
Elara Capital (India) and Monarch Networth Capital are the managers of the offer.
(Except for the headline, this story has not been edited by DailyExpertNews staff and is being published from a syndicated feed.)
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