IPO Guru
Bajaj
Listed Mainboard

Dharmaj Crop Guard IPO Subscription Status

Dharmaj Crop Guard IPO was subscribed 38.25 times when bidding closed on 30 Nov 2022: QIB 51.31x, NII 56.68x, Retail 23.34x.

The Dharmaj Crop Guard IPO has been subscribed 38.25x times overall. Retail investors have shown interest with bids for 23.34x the shares available. The Non-Institutional Investor (NII) category has been subscribed 56.68x. Within NII, Big HNI (B-HNI) subscribed 57.42x and Small HNI (S-HNI) subscribed 55.21x. Qualified Institutional Buyers (QIBs) have subscribed 51.31x. Data last updated on 10 Nov, 11:41 AM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 28 Nov, 2022 and closes on 30 Nov, 2022. The shares are expected to list on stock exchanges on 08 Dec, 2022.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 11:41 AM
Category Bid details Times
QIB - of - - 51.31x
NII - of - - 56.68x
bHNI — bid amount above ₹10 Lakh
- - 57.42
sHNI — bid amount ₹2–10 Lakh
- - 55.21
Retail - of - - 23.34x
Employee - of - - 7.48x
TOTAL - - 38.25x
Advertisement

Dharmaj Crop Guard IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 23
~4.3% chance per PAN — based on 23.34x subscription. Winners get exactly 1 lot (₹14,220) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 55
~1.8% chance — based on 55.21x subscription. Lottery allots the minimum S-HNI application of 15 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 57
~1.7% chance — based on 57.42x subscription. Lottery allots the minimum NII application of 15 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
51.31x
Proportionate allotment — at 51.31x, institutions receive ~1.9% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 24 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 51.31x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
30 Nov 2022
Day 3
38.25x ▼
QIB51.31x BHNI57.42x SHNI55.21x Retail23.34x Employee7.48x
29 Nov 2022
Day 2
5.97x ▼
QIB0.76x BHNI7.68x SHNI10.85x Retail7.75x Employee3.75x
28 Nov 2022
Day 1
1.79x ▼
QIB0.35x BHNI1.5x SHNI2.4x Retail2.6x Employee1.77x

Dharmaj Crop Guard IPO dates

From the bidding window to listing. Today is 11 November.

Key dates Listed
  1. Open 28 Nov 2022
  2. Close 30 Nov 2022
  3. Allotment 05 Dec 2022
  4. Refund/credit 06 Dec 2022
  5. Listing 08 Dec 2022

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Dharmaj Crop Guard IPO?

As of IPO close date (30 Nov, 2022), the Dharmaj Crop Guard IPO is subscribed 38.25x times. Retail category is 23.34x, and NII is 56.68x subscribed.

When is the allotment date for Dharmaj Crop Guard IPO?

The allotment for Dharmaj Crop Guard IPO is expected to be finalized on 05 December, 2022.

What is the GMP of Dharmaj Crop Guard?

The Grey Market Premium (GMP) for Dharmaj Crop Guard is currently ₹50, indicating a potential listing gain of 21%.

When will Dharmaj Crop Guard IPO list on the stock market?

Dharmaj Crop Guard is scheduled to list on BSE and NSE on 08 December, 2022.

What are the chances of getting allotment in Dharmaj Crop Guard IPO?

The retail category is oversubscribed at 23.34x, meaning allotment is by lottery. Statistically, approximately 1 in 24 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 51.31x mean for Dharmaj Crop Guard IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 51.31x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Dharmaj Crop Guard IPO allotment status?

After the allotment date (05 Dec, 2022), you can check your Dharmaj Crop Guard IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Dharmaj Crop Guard IPO further

Track every stage of this IPO, from subscription to listing.

IPO Guru App
IPO Guru on Android

Subscription moves by the hour. Get it on your phone.

Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.

Get it on Google Play Join the WhatsApp channel

Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
38.25x
QIB
51.31x
NII
56.68x
bHNI
57.42x
sHNI
55.21x
Retail
23.34x
Full IPO details
Advertisement