Dhanlaxmi Crop Science IPO is set to open on December 9, 2024, and will close on December 11, 2024. Dhanlaxmi Crop Science IPO is a Book Built Issue, aiming to raise approximately ₹23.80 crores. This includes a fresh issue of ₹23.80 crores and an offer for sale of up to [.]. The face value of each share is ₹10.
Dhanlaxmi Crop Science IPO Price band is set between ₹52 to ₹55 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Dhanlaxmi Crop Science IPO is scheduled to list on NSE on December 16, 2024, with the allotment announcement on December 12, 2024.
The company reported revenue of ₹63.75 crores in 2024, compared to ₹46.64 crores in 2023. It posted a Profit of ₹4.65 crores in 2024, compared to a Profit of ₹3.00 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Dhanlaxmi Crop Science IPO Details
- Dhanlaxmi Crop Science IPO Market Lot
- Dhanlaxmi Crop Science IPO Dates
- About Dhanlaxmi Crop Science
- Promoters of Dhanlaxmi Crop Science
- Dhanlaxmi Crop Science Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Dhanlaxmi Crop Science IPO GMP (Grey Market Premium)
- Dhanlaxmi Crop Science Subscription Status
- Dhanlaxmi Crop Science Allotment Status
- IPO Registrar
- IPO Lead Managers
- Dhanlaxmi Crop Science Contact
- FAQs
Dhanlaxmi Crop Science IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Dhanlaxmi Crop Science Limited |
| Industry | Agriculture and Biotechnology |
| IPO Issue Type | Book Built Issue |
| Open Date | December 9, 2024 |
| Close Date | December 11, 2024 |
| Total Issue Size | Approx ₹23.80 Crores |
| Fresh Issue | Approx ₹23.80 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹52 to ₹55 Per Share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Dhanlaxmi Crop Science IPO Market Lot
Dhanlaxmi Crop Science IPO has a minimum lot size of 2000 shares, with an amount of ₹110,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2,000 | ₹110,000 |
| Retail Maximum | 1 | 2,000 | ₹110,000 |
| S-HNI Minimum | 2 | 4,000 | ₹220,000 |
Dhanlaxmi Crop Science IPO Dates
Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024. The allotment will be announced on December 12, 2024, and the IPO will be listed on December 16, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 9, 2024 |
| IPO Close Date | December 11, 2024 |
| Basis of Allotment | December 12, 2024 |
| Refunds | December 13, 2024 |
| Credit to Demat Account | December 13, 2024 |
| IPO Listing Date | December 16, 2024 |
About Dhanlaxmi Crop Science
Founded in 2005, Dhanlaxmi Crop Science Limited is a technology-driven seed company with over 18 years of expertise in the Indian seed industry. The company specializes in developing, producing, processing, and marketing seeds for a diverse range of field crops and vegetables. Combining traditional breeding methods with advanced biotechnology, the company creates hybrid and open-pollinated seeds designed to deliver higher yields. These seeds help farmers produce more food, with crops that are healthier, more nutritious, and resistant to insects and diseases. Tailored to various conditions such as water availability, soil attributes, and crop duration, the seeds are adaptable to any climate.
Dhanlaxmi Crop Science also offers a wide variety of seeds for crops like cotton, wheat, cumin, bajra, maize, gram, okra, green gram, soybean, millet, mustard, groundnut, black gram, guar, castor, sesame, jowar, coriander, red gram, green peas, and onions. In the fiscal year ending March 31, 2024, the company achieved remarkable growth, with a 55.35% increase in profit after tax (PAT) and a 36.68% rise in overall performance compared to the previous fiscal year.
Promoters of Dhanlaxmi Crop Science
- Mr. Kamleshkumar Jayantilal Patel
- Mr. Alpeshbhai Jayantibhai Patel
- Mr. Meet Kamleshkumar Patel
Dhanlaxmi Crop Science Financial Report
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5,137.91 | 3,496.15 | 2,002.73 | 2,086.33 |
| Revenue | 11,996.26 | 6,375.08 | 4,664.17 | 3,543.08 |
| Profit After Tax | 820.81 | 465.36 | 299.55 | 58.28 |
| Net Worth | 2,432.3 | 1,612.07 | 1,139.63 | 617.26 |
| Reserves and Surplus | 1,232.3 | 712.07 | 739.63 | 439.76 |
| Total Borrowing | 768.61 | 104.24 | 258.32 | 913.16 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 39.07% |
| EBITDA Margin | 10.68% |
| PAT Margin | 7.30% |
| Debt to equity ratio | 0.06 |
| Earning Per Share (EPS) | ₹3.88 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 28.87% |
| Net Asset Value (NAV) | ₹17.91 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Mangalam Seeds Limited | 12.01 | 23.48 | 18.90 | 63.52 | 100.05 Cr. |
| Upsurge Seeds of Agriculture Limited | 8.98 | 32.18 | 15.79 | 65.06 | 132.95 Cr. |
Objective of the Issue
- The funds will be utilized to meet working capital requirements, cover issue-related expenses, and support general corporate purposes.
Dhanlaxmi Crop Science IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Dhanlaxmi Crop Science, please visit the IPO GMP page.
Dhanlaxmi Crop Science Subscription Status
This IPO subscription kicks off on December 9, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Dhanlaxmi Crop Science Allotment Status
To check the Dhanlaxmi Crop Science IPO allotment status, visit the IPO registrar website Bigshare or go to the IPO Allotment page.
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: 033 – 2289 5101 / 4603 2561
Email: info@finshoregroup.com
Website: www.finshoregroup.com
Dhanlaxmi Crop Science Contact
DHANLAXMI CROP SCIENCE LIMITED
Survey No. 24, Opp. Arts and Commence
College, Shamlaji High Way, N.H. No.8,
Motipura, Sabar Kantha, Himatnagar,
Gujarat – 383001, India
Phone: +027 7224 4033
E-mail: cs@dhanlaxmiseeds.com
Website: www.dhanlaxmiseeds.com
FAQs
What is Dhanlaxmi Crop Science’s IPO?
It is an SME IPO through which the company aims to raise ₹23.80 crores. The issue is priced between ₹52 and ₹55 per equity share and will be listed on the NSE.
When will Dhanlaxmi Crop Science’s IPO open for subscription?
The IPO will open for subscription on December 9, 2024, and close on December 11, 2024. It will be available for QIB, NII, and retail investors.
What is the investor allocation for Dhanlaxmi Crop Science IPO?
The allocation for investors is set at 50% for QIBs, 15% for NIIs, and 35% for retail investors.
How can you apply for Dhanlaxmi Crop Science IPO?
You can apply for the IPO online via ASBA through your bank account or using UPI through stockbrokers. Additionally, you can apply offline by submitting a physical form through your stockbroker.
What is the issue size of Dhanlaxmi Crop Science IPO?
The total issue size of the IPO is ₹23.80 crores.
Note: Dhanlaxmi Crop Science IPO price band and date have been officially announced. Dhanlaxmi Crop Science IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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