Agrochemical company Dharmaj Crop Guard has raised Rs 74.95 crore through anchor books ahead of its IPO on November 25. In a filing to the BSE, the company said it had completed the allotment of 31.62 lakh equity shares at Rs 237 each to anchor investors.

Three investors, Elara India Opportunities Fund, Rajasthan Global Securities and Resonance Opportunities Fund, invested in the company through the master book.

Elara India Opportunities Fund bought shares worth Rs 34.94 crore, Rajasthan Global Securities bought shares worth Rs 25 crore, and Resonance Opportunities Fund bought shares worth Rs 15 crore. The Dharmaj Crop Guard IPO will open for subscription on November 28 and close on November 30.

The company is targeting to raise Rs 251 crore by issuing 1.05 crore shares at the upper end of the price range of Rs 216-237 per share. The offer includes an issue of new shares worth Rs 216 crore and a sale offer of Rs 35 crore by the promoters.