Dhanwel Hybrid Seeds Limited is engaged in the development, production, processing, and marketing of hybrid seeds, primarily focused on high-quality vegetable seeds for the agriculture sector. The company offers seeds designed to improve crop yield, disease resistance, and overall farming productivity.
Its product portfolio includes a variety of hybrid vegetable seeds catering to different crop categories, serving farmers and distributors mainly across agricultural markets in India. The company operates through a B2B distribution-driven model, supplying dealers, distributors, and agri-input businesses.
Originally started as a partnership firm under the name Super Vegetable Seeds in 2018, the business was later converted into a public limited company in 2024, reflecting its growth journey. Based in Jamnagar, Gujarat, the company focuses on expanding its market presence in India’s growing hybrid seeds industry.
Dhanwel Hybrid Seeds IPO – Details
| IPO Opening Date | 19 August 2026 |
| IPO Closing Date | 21 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 27,00,000 Shares Worth ₹26.73 Crore Fresh Issue: 27,00,000 Shares Worth ₹26.73 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹99 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 1.12% |
| NII Shares Offered | 49.44% |
| Retail Shares Offered | 49.44% |
Dhanwel Hybrid Seeds IPO – Date Schedule
| IPO Open Date | 19 August 2026 |
| IPO Close Date | 21 August 2026 |
| Basis of Allotment | 24 August 2026 |
| Initiation of Refund | 25 August 2026 |
| Credit of Shares to Demat | 25 August 2026 |
| IPO Listing Date | 26 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2026 |
Dhanwel Hybrid Seeds IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,37,600 |
| Retail (Max) | 2 | 2400 | ₹2,37,600 |
| S-HNI (Min) | 3 | 3600 | ₹3,56,400 |
| S-HNI (Max) | 8 | 9600 | ₹9,50,400 |
| B-HNI (Min) | 9 | 10800 | ₹10,69,200 |
Competitive Strength
- Wide Range of Seeds and Their Variants.
- Quality Assurance.
- Customer Satisfaction.
- Experienced Promoter supported by dedicated Management team.
- Strong order book of Rs 1,312.50 Lakhs.
Company Promoters
- Mr. Kishankumar Gordhanbhai Meghani
- Mr. Vimal Mansukhbhai Vekariya
- Mr. Sudhir Mohanbhai Pilaliya
- Mr. Nikul Mansukhbhai Vekariya
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹35.49 Cr | ₹32.86 Cr | ₹1.91 Cr | ₹1.94 Cr |
| 31 March 2025 | ₹44.13 Cr | ₹40.78 Cr | ₹2.16 Cr | ₹5.97 Cr |
| 31 March 2026 | ₹74.59 Cr | ₹66.26 Cr | ₹6.12 Cr | ₹7.68 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 37.15% |
| ROCE | 49.36% |
| Debt/Equity | 0.39 |
| RoNW | 31.11% |
| PAT Margin | 8.20% |
| EBITDA Margin | 12.38% |
| Price to Book Value | 3.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.55 | 6.72 |
| P/E (x) | 10.37 | 14.74 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions. | ₹7.60 |
| Funding the working capital requirements of the Company. | ₹11.60 |
| General Corporate Purpose. | – |
✅Strengths
- Growing hybrid seed business focused on vegetable seeds, a demand-driven agriculture segment.
- Experienced promoters with established operational background in seed industry.
- Presence in Gujarat agricultural belt, helping distribution and farmer connectivity.
- Existing business track record since 2018 before conversion into public company.
⚠️Risks
- Business depends heavily on monsoon and crop conditions, affecting seed demand.
- Highly competitive industry with established agri and seed companies.
- Seed quality failure risk can impact reputation and customer trust.
- Revenue concentration risk if dependent on limited geographies/customers.
Dhanwel Hybrid Seeds IPO Promoter Holding
| Pre-Issue Share Holding | 49.94% |
| Post Issue Share Holding | 35.11% |
Dhanwel Hybrid Seeds IPO Prospectus
Company Contact Information
| Dhanwel Hybrid Seeds Limited Survey No. 289/1, Opp. Saffron School, Rajkot- Kalawad Highway, At Jashapar, Jamnagar, Gujarat, 361160 Phone: +91 7778889978 Email: info@dhanwelseeds.com Website: https://www.dhanwelseeds.com/ |
Dhanwel Hybrid Seeds IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipostatus1.cameoindia.com/ |
Dhanwel Hybrid Seeds IPO Lead Manager(s)
| 1. Wealth Mine Networks Pvt. Ltd. |
Dhanwel Hybrid Seeds IPO FAQ
| What is the Dhanwel Hybrid Seeds IPO? Dhanwel Hybrid Seeds IPO is an SME IPO. The issue is priced at ₹95 – ₹99 per equity share. The IPO is to be listed on BSE SME. |
| When will Dhanwel Hybrid Seeds IPO open? The IPO is to open on 19 August 2026 for QIB, NII and Retail Investors. |
| What is Dhanwel Hybrid Seeds IPO Investors’ Portion? The investors’ portion for QIB – 1.12%, NII – 49.44%, and Retail – 49.44%. |
| What is the Dhanwel Hybrid Seeds IPO Size? Dhanwel Hybrid Seeds IPO size is ₹26.73 Crore. |
| What are the Dhanwel Hybrid Seeds IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,37,600, while the maximum bid is 2400 Shares for ₹2,37,600. |
| What is the Dhanwel Hybrid Seeds IPO Allotment Date? Dhanwel Hybrid Seeds IPO allotment date is 24 August 2026. |
| What is the Dhanwel Hybrid Seeds IPO Listing Date? Dhanwel Hybrid Seeds IPO listing date is 26 August 2026. The IPO is to be listed on the BSE SME. |
