If you are thinking of earning money through Initial Public Offering (IPO) in the stock market, then there is good news for you. Two company IPOs will hit the market this week for investment. These IPOs are – of agrochemical company Dharmaj Crop Guard IPO and engineering systems and solutions company Uniparts India (Uniparts India IPO). Let us tell you that the prices of both the issues are increasing in the gray market, due to which bumper listing is expected. Let’s know about it in detail.
1. Dharmaj Crop Guard IPO: The IPO of Dharmaj Crop Guard Limited opens for subscription on Monday, November 28, 2022. The price band of Rs 251.15 crore public issue has been fixed at Rs 216 to Rs 237 per equity share. According to market analysts, shares of Dharmaraj Crop Guard Ltd were trading at a premium of ₹60 in the gray market on Saturday. This is ₹5 higher than Friday’s GMP of ₹55. Let us tell you that Dharmaj Crop Guard Limited is an agrochemical company. The company is engaged in the business of manufacturing, distribution and marketing a wide range of agrochemical formulations such as insecticides, fungicides, herbicides, plant growth regulators, micro fertilizers and antibiotics for B2C and B2B clients.
2. Uniparts India IPO: The IPO of Uniparts India, a company providing engineering systems and solutions, is scheduled to open on 30 November 2022. You can bid in this issue till December 2. Let us tell you that this IPO will open for anchor investors on 29 November. Uniparts India’s IPO will be a full-fledged offer for sale (OFS). Please tell that this is a global manufacturer company. It works in at least 25 countries around the world.
