Investors earn 12% with the listing of this IPO
Dharmaj Crop IPO Posts Listing Gains
Shares of Dharmaj Crop listed at Rs. 266 a piece against IPO issue price of Rs. 237 - offering 12% gains to investors.
Over Rs. 4 crore worth of Dharmaj Crop shares were traded so far on the BSE.
Dharmaj Crop is an agrochemical company producing & selling fertilizers, insecticides, herbicides, etc.
Dharmaj Crop plans to use the IPO proceeds for setting-up a new manufacturing facility in Gujarat.
In the last 2 years, company's Profit After Tax has jumped 62% and Operating revenue has risen 50%.
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