Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for a range of field crops and vegetables.
The Company integrates traditional breeding techniques with biotechnology tools and seek to produce hybrid and open pollinated variety field crops and vegetable seeds that deliver higher yields, enhanced product quality and higher levels of pest and disease tolerance over naturally occurring varieties.
The Company produced, as of March 31, 2024, seeds for 24 different field crops and vegetables and have operations in 5 states across India. The sale of cotton seeds contributes the majority of their revenue from operations, contributing 76.78%, 71.47% and 64.73% of the revenue from operations in Fiscal 2024, 2023 and 2022.
The company’s Products Portfolio as Field crop and vegetable seeds for Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, SSG, Soyabean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, Onion etc.
Dhanlaxmi Crop Science IPO – Details
| IPO Opening Date | 09 December 2024 |
| IPO Closing Date | 11 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 43,28,000 Shares Worth ₹23.80 Crore Fresh Issue: 43,28,000 Shares Worth ₹23.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹52– ₹55 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Dhanlaxmi Crop Science IPO – Date Schedule
| IPO Open Date | 09 December 2024 |
| IPO Close Date | 11 December 2024 |
| Basis of Allotment | 12 December 2024 |
| Initiation of Refund | 13 December 2024 |
| Credit of Shares to Demat Account | 13 December 2024 |
| IPO Listing Date | 16 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 11, 2024 |
Dhanlaxmi Crop Science IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,10,000 |
| Retail (Max) | 1 | 2000 | ₹1,10,000 |
| HNI (Min) | 2 | 4000 | ₹2,20,000 |
Competitive Strengths
- Integrated Seed processing unit with warehouse facility in one premise.
- Wide range of products backed by consistent quality.
- The company’s Research & Development Capabilities.
- Established brand.
- Customer satisfaction and revenues from long standing customer relationships.
- Experienced Promoter and Management Expertise.
- Proven track record of robust financial performance.
- As of December 2, 2024, The company has 56 employees.
Company Promoters
- Mr. Kamleshkumar Jayantilal Patel
- Mr. Alpeshbhai Jayantibhai Patel
- Mr. Meet Kamleshkumar Patel
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 35.43 | 34.64 | 0.58 | 9.13 |
| 31 March 2023 | 46.64 | 42.54 | 2.99 | 2.58 |
| 31 March 2024 | 63.75 | 57.34 | 4.65 | 1.04 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 39.07% |
| Debt/Equity | 0.06 |
| RoNW | 28.87% |
| P/BV | 3.07 |
| PAT Margin (%) | 7.3 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.88 | 2.85 |
| P/E (x) | 14.18 | 19.30 |
Object Of The Issue
- To meet Working Capital Requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Dhanlaxmi Crop Science IPO Promoter Holding
| Pre Issue Share Holding | 99.48% |
| Post Issue Share Holding | – |
Dhanlaxmi Crop Science IPO Prospectus
- Dhanlaxmi Crop Science IPO DRHP
- Dhanlaxmi Crop Science IPO RHP
Company Contact Information
| Dhanlaxmi Crop Science Ltd Survey No. 24, Opp. Arts and Commence College, Shamlaji High Way, N.H. No.8, Motipura, Sabar Kantha, Himatnagar, – 383001 Phone: +91 27 7224 4033 Email: cs@dhanlaxmiseeds.com Website: https://dhanlaxmiseeds.com/ |
Dhanlaxmi Crop Science IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Dhanlaxmi Crop Science IPO Lead Manager(s)
| 1. Finshore Management Services Limited |
Dhanlaxmi Crop Science IPO FAQs
| What is Dhanlaxmi Crop Science IPO? Dhanlaxmi Crop Science IPO is an SME IPO. The issue is priced at ₹52 and ₹55 per equity share. The IPO is to be listed on NSE SME. |
| When Dhanlaxmi Crop Science IPO will open? The IPO is to open on 09 December 2024 for QIB, NII, and Retail Investors. |
| What is Dhanlaxmi Crop Science IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Dhanlaxmi Crop Science IPO? You can apply Dhanlaxmi Crop Science IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Dhanlaxmi Crop Science IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Dhanlaxmi Crop Science IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Dhanlaxmi Crop Science IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Dhanlaxmi Crop Science IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Dhanlaxmi Crop Science IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Dhanlaxmi Crop Science IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Dhanlaxmi Crop Science IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Dhanlaxmi Crop Science IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Dhanlaxmi Crop Science IPO Size? Dhanlaxmi Crop Science IPO size is ₹23.80 Crore. |
| What is Dhanlaxmi Crop Science IPO Price Band? Dhanlaxmi Crop Science IPO Price Band is ₹52 – ₹55. |
| What is Dhanlaxmi Crop Science IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,10,000 amount while the maximum bid is 2000 Shares with ₹1,10,000. |
| What is the Dhanlaxmi Crop Science IPO Allotment Date? Dhanlaxmi Crop Science IPO allotment date is 12 December 2024. |
| What is the Dhanlaxmi Crop Science IPO Listing Date? Dhanlaxmi Crop Science IPO listing date is 16 December 2024. The IPO is to be listed on NSE SME. |
