Dhanlaxmi Crop Science IPO Date, Price, GMP, Review, Details, Issue Date, Lot Size, Allotment, Subscription Status
Dhanlaxmi Crop Science IPO Details: The Dhanlaxmi Crop Science IPO is set to open on December 9, 2024, and will close on December 11, 2024. It is a Book Built Issue, aiming to raise approximately ₹23.80 crores through a fresh issue of ₹23.80 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the Dhanlaxmi Crop Science IPO is ₹52 to ₹55 per share. The allocation is as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). The IPO will list on the NSE on December 16, 2024. The allotment date for the IPO is December 12, 2024.
For the financial year 2024, the company reported a revenue of ₹63.75 crores, compared to ₹46.64 crores in 2023. The profit for 2024 stood at ₹4.65 crores, up from ₹3.00 crores in 2023. Based on these financial results, investors are encouraged to consider the IPO for long-term investment.
Dhanlaxmi Crop Science IPO Details
- IPO Opening Date: December 9, 2024
- IPO Closing Date: December 11, 2024
- Face Value: ₹10 per equity share
- Price Band: ₹52 to ₹55 per share
- Issue Size: Approximately ₹23.80 Crores
- Fresh Issue: Approximately ₹23.80 Crores
- Offer for Sale: Approximately [.] Equity Shares
- Issue Type: Book Built Issue
- IPO Listing: NSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: Click Here
- RHP Draft Prospectus: Click Here
Dhanlaxmi Crop Science IPO Market Lot Details
The minimum market lot for the Dhanlaxmi Crop Science IPO consists of 2,000 shares, with an application amount of ₹110,000.
| Application Type | Lot Size | Number of 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 Important Dates
The Dhanlaxmi Crop Science IPO will open on December 9, 2024, and close on December 11, 2024. The allotment process will be finalized on December 12, 2024, with refunds and credit to Demat accounts scheduled for December 13, 2024. The IPO will be listed on the stock exchange 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 |
Promoters of Dhanlaxmi Crop Science IPO
The promoters of Dhanlaxmi Crop Science are Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel, and Mr. Meet Kamleshkumar Patel.
About Dhanlaxmi Crop Science IPO
Founded in 2005, Dhanlaxmi Crop Science Limited is a technology-driven seed company with over 18 years of experience in India’s seed industry. The company specializes in the development, production, processing, and sale of seeds for various field crops and vegetables. Using a blend of traditional breeding techniques and biotechnology tools, Dhanlaxmi produces both hybrid and open-pollinated seeds. These seeds are designed to yield higher crops, ensuring better food production, improved crop quality, and enhanced nutrition. Additionally, Dhanlaxmi’s seeds are resistant to pests and diseases, promoting healthier plants. The seeds are adaptable to different climatic conditions, including variations in water availability, crop duration, and soil attributes.
The company offers a diverse range of seeds, including those for cotton, wheat, cumin, maize, gram, okra, soybean, mustard, groundnut, sesame, jowar, coriander, and more. For the fiscal year ending March 31, 2024, Dhanlaxmi Crop Science reported a 55.35% increase in profit after tax (PAT) and a 36.68% growth in overall performance compared to the previous year.
Dhanlaxmi Crop Science IPO Financials
In 2024, Dhanlaxmi Crop Science reported a revenue of ₹63.75 crores, up from ₹46.64 crores in 2023. The profit for 2024 was ₹4.65 crores, compared to ₹3.00 crores in 2023.
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | Profit After Tax (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2022 | 35.43 | 34.64 | 0.58 | 20.86 |
| 2023 | 46.64 | 42.55 | 3.00 | 20.03 |
| 2024 | 63.75 | 57.34 | 4.65 | 34.96 |
Dhanlaxmi Crop Science IPO Valuation – FY2024
Here are the key financial indicators for Dhanlaxmi Crop Science as of FY2024:
- ROE (Return on Equity): 33.82%
- ROCE (Return on Capital Employed): 39.07%
- EBITDA Margin: 10.68%
- PAT Margin: 7.30%
- Debt to Equity Ratio: 0.06
- Earnings Per Share (EPS): ₹3.88 (Basic)
- Price/Earnings (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 (₹ Cr.) |
|---|---|---|---|---|---|
| Mangalam Seeds Limited | 12.01 | 23.48 | 18.90 | 63.52 | 100.05 |
| Upsurge Seeds of Agriculture | 8.98 | 32.18 | 15.79 | 65.06 | 132.95 |
Objects of the Issue
The funds raised from the IPO will be used for:
- Meeting working capital requirements
- Covering issue expenses
- General corporate purposes
Dhanlaxmi Crop Science IPO Review
The IPO is being reviewed by various institutions including:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Dhanlaxmi Crop Science IPO Registrar
Registrar: Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare Online
IPO Lead Managers (Merchant Bankers)
Lead Manager: Finshore Management Services Limited
Company Address
Dhanlaxmi Crop Science Ltd
Survey No. 24, Opp. Arts and Commerce College,
Shamlaji Highway, N.H. No. 8,
Motipura, Sabar Kantha, Himatnagar – 383001
Phone: +91 27 7224 4033
Email: cs@dhanlaxmiseeds.com
Website: Dhanlaxmi Crop Science
How to Apply for Dhanlaxmi Crop Science IPO?
Investors can apply online through ASBA via bank accounts or UPI through stock brokers, or via offline forms through stock brokers.
What is the Dhanlaxmi Crop Science IPO issue size?
The issue size is ₹23.80 crores.
What is the Dhanlaxmi Crop Science IPO price band?
The price band is ₹52 to ₹55 per share.
What is the Dhanlaxmi Crop Science IPO lot size?
The minimum bid is for 2,000 shares, totaling ₹110,000.
What is the Dhanlaxmi Crop Science IPO allotment date?
The allotment date is December 12, 2024.
What is the Dhanlaxmi Crop Science IPO listing date?
The listing date is December 16, 2024, on the NSE.
Dhanlaxmi Crop Science IPO FAQs
What is Dhanlaxmi Crop Science IPO?
Dhanlaxmi Crop Science IPO is a Small and Medium Enterprise (SME) offering, raising ₹23.80 crores by issuing shares priced between ₹52 and ₹55 each. It will be listed on the NSE.
When will Dhanlaxmi Crop Science IPO open for subscription?
The IPO opens on December 9, 2024, and closes on December 11, 2024.
What is the IPO investor portion?
- QIB: 50%
- NII: 15%
- Retail: 35%
