ET Intelligence group: Dharmaj Crop Guard, an agrochemical company, offering products to businesses and retail consumers, plans to raise Rs 251 crore through an initial public offer. Of this, the fresh issue is worth Rs 216 crore towards capacity expansion and debt reduction, while the balance is an offer for sale by promoters. Their stake will drop to 69% after the issue of 100%.
Long-term investors may consider the IPO given a consistently
