Dharmaj Crop Guard IPO vs Sula Vineyards IPO

Comparision between Dharmaj Crop Guard IPO and Sula Vineyards IPO.

IPO Details

Dharmaj Crop Guard IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sula Vineyards IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Dharmaj Crop Guard IPO	Sula Vineyards IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Elara Capital (India) Private Limited Monarch Networth Capital Ltd	Kotak Mahindra Capital Company Limited Clsa India Private Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Dharmaj Crop Guard IPO is up to ₹251.15 Cr whereas the issue size of the Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Dharmaj Crop Guard IPO is ₹237.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

	Dharmaj Crop Guard IPO	Sula Vineyards IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹216.00 per share	₹340.00 per share
Issue Price (Upper)	₹237.00 per share	₹357.00 per share
Issue Price (Final)	₹237.00 per share	₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	42 shares
Fresh Issue Size	91,13,924 shares
Fresh Issue Size (Amount)	up to ₹216.00 Cr
OFS Issue Size	14,83,000 shares	2,69,00,530 shares
OFS Issue Size (Amount)	up to ₹35.15 Cr	up to ₹960.35 Cr
Issue Size Total	1,05,96,924 shares	2,69,00,530 shares
Issue Size Total (Amount)	up to ₹251.15 Cr	up to ₹960.35 Cr

IPO Timetable

Dharmaj Crop Guard IPO opens on Nov 28, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Dharmaj Crop Guard IPO and Sula Vineyards IPO is Nov 30, 2022, and Dec 14, 2022, respectively.

	Dharmaj Crop Guard IPO	Sula Vineyards IPO
Anchor Bid Date		Dec 09, 2022
Issue Open	Nov 28, 2022	Dec 12, 2022
Issue Close	Nov 30, 2022	Dec 14, 2022
Basis Of Allotment (Tentative)	Dec 05, 2022	Dec 19, 2022
Initiation of Refunds (Tentative)	Dec 06, 2022	Dec 20, 2022
Credit of Share (Tentative)	Dec 06, 2022	Dec 21, 2022
Listing date (Tentative)	Dec 08, 2022	Dec 22, 2022
Anchor Lockin End date 1	Jan 04, 2023	Jan 18, 2023
Anchor Lockin End date 2	Mar 05, 2023	Mar 19, 2023

Financials

Dharmaj Crop Guard IPO P/E ratio is 14.55, as compared to Sula Vineyards IPO P/E ratio of 49.24.

Dharmaj Crop Guard IPO

Sula Vineyards IPO

Financial

Dharmaj Crop Guard Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	47.66	139.95	5.02	10.46	20.35
31-Mar-20	92.58	199.16	10.76	35.22	20.18
31-Mar-21	128.87	303.56	20.96	56.14	26.92
31-Mar-22	219.54	396.29	28.69	82.82	36.93
31-Jul-22	305.76	221.17	18.36	101.17	51.56
Amount in ₹ Crore

Sula Vineyards Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	831.04	523.21	-15.94	299.95	368.24
31-Mar-21	751.6	421.53	3.01	304.74	301.26
30-Sep-21	717.55	160.46	4.53	344.32	262.45
31-Mar-22	758.56	456.7	52.14	395.26	228.93
30-Sep-22	770.95	225.76	30.51	449.18	214.64
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

28.44%

Promoter Shareholding (Post-Issue)

68.64%

27.33%

P/E Ratio

14.55

49.24

Market Cap

₹801.00 Cr.

₹3005.90 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dharmaj Crop Guard IPO retail investors (RII) are offered 39,99,800 shares while in Sula Vineyards IPO retail investors are offered 39,99,800 shares. Qualified institutional buyers (QIB) are offered 22,43,990 shares in Dharmaj Crop Guard IPO and 53,80,106 shares in Sula Vineyards IPO.

	Dharmaj Crop Guard IPO	Sula Vineyards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	22,43,990 shares	53,80,106 shares
NII	17,14,200 shares	40,35,080 shares
RII	39,99,800 shares	94,15,186 shares
Employee	55,000 shares	0 shares
Others
Total	80,12,990 shares	1,88,30,372 shares

Bids Received (Subscription)

Dharmaj Crop Guard IPO subscribed 35.49x in total, whereas Sula Vineyards IPO subscribed 2.33x.

	Dharmaj Crop Guard IPO	Sula Vineyards IPO
QIB (times)	48.21x	4.13x
NII (times)	52.29x	1.51x
Big NII (times)	52.97x	1.69x
Small NII (times)	50.93x	1.15x
RII (times)	21.53x	1.65x
Employee (times)	7.48x
Other (times)
Total (times)	35.49x	2.33x

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Dharmaj Crop Guard IPO	Sula Vineyards IPO
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Sula Vineyards IPO	Elin Electronics IPO
Landmark Cars IPO	Dharmaj Crop Guard IPO
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Bikaji Foods IPO	Archean Chemical IPO

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