NEW DELHI: Agro chemical company ‘Dharmaj Crop Card’ has announced its share price following its IPO on 28th of this month.
Dharmaj Credit Card Company plans to raise Rs 251 crore through new share issue.
Accordingly, it has been announced that the price of one share has been fixed at 216-237 rupees while the stock is going to be issued on 28th.
The company’s new share issue will start on the 28th and end on the 30th.
216 crores of new shares during the share issue; 14.83 lakh shares held by founders and shareholders are also being sold.
The funds raised through the share issue are planned to be used to set up a new plant in Gujarat, meet working capital requirements and repay debt.
The company exports its products to more than 25 countries.
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