IPO Opening: Dharmaj Crop Guard IPO opening from today, know in which to invest

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IPO Watch: This week, IPOs of two companies are coming for stock market investors. The names of the two companies whose IPOs are going to open this week are Dharmaj Crop Guard and Uniparts India. According to the information received, agrichemical company Dharmaj Crop Guard has fixed the price range of Rs 216-237 per share for its initial public offering (IPO) of Rs 251 crore.

The company’s IPO will open on November 28 and close on November 30. New shares up to Rs 216 crore will be issued under the IPO. In addition, the existing shareholders of the company will come up with an offer for sale (OFS) of 14.83 lakh shares. The Ahmedabad-based company expects to raise Rs 251.15 crore from the issue. The proceeds from the IPO will be used for setting up a manufacturing plant in Bharuch, Gujarat, working capital requirements, debt repayment and other general corporate purposes.

Uniparts India IPO

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Uniparts India, which provides engineering solutions, is also coming up with an IPO. The company has fixed a price band of Rs 548-577 per share for its Rs 836 crore initial public offering (IPO). The three-day issue will open on November 30 and close on December 2, the company said. Anchor investors will be able to bid for the shares on November 29.

The IPO is based solely on an offer for sale (OFS) of 14,481,942 shares by promoter group entities and existing investors. The Company will not receive any proceeds from the Public Issue. Uniparts had earlier filed IPO opening documents with the Securities and Exchange Board of India (SEBI) in December 2018 and September 2014, for which it had also received approval but did not come out with the IPO.

Which company’s IPO is better to invest in

According to market experts, shares of Dharmaj Crop Guard are available at a premium of Rs 65 (GMP) in the gray market today. The shares of the company are expected to get listed on the stock exchanges BSE and NSE on Thursday, December 8, 2022. The company has a wide range of products with clients in domestic and international markets. The revenue margin of the company is continuously increasing.

Experts say that investors can invest in this IPO for listing gains or long term. Excellent returns are expected in the long term as well. Uniparts India is well positioned to take advantage of the growing mechanization in the agriculture and CFM sectors by leveraging its global business model. Ability to efficiently service OEMs in multiple global locations. In such a situation, investing in this company will be a profitable deal.

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