Dhanlaxmi Crop Science Limited
Bookbuilding IPO · NSE
- Price band
- ₹52 - ₹55
- Lot size
- 2,000 shares
- Issue amount
- ₹23.8 cr
- Total subscription
- 567.96×
- Opens
- 9 Dec 2024
- Closes
- 11 Dec 2024
- Allotment
- 12 Dec 2024
- Listing
- 16 Dec 2024
Offer at a glance
Issue overview
- Issue size
- 43,28,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,04,000
- Fresh issue
- ₹23.8 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,10,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,20,00,000
- Shares after issue
- 1,63,28,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 2,000 | ₹1,10,000 |
| HNI | 2 | 4,000 | ₹2,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 103 |
| NIB | — | 27,935 |
| RETAIL | — | 3,52,396 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.25 | 839.2 |
| RETAIL | 8.37 | 3,876.36 |
Financial performance
Company financials
In Lakhs. · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.84 | 3.88 | 2.5 |
| ROE | 40.59 | 33.82 | 34.1 |
| ROCE | 35.23 | 39.07 | 31.52 |
| RONW | 33.75 | 28.87 | 26.28 |
| PRE IPO(PE) | 0 | 14.18 | 0 |
| POST IPO(PE) | 0 | 5.47 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Dhanlaxmi Crop Science, incorporated in 2005, is a technology-driven seeds company specializing in the development, production, processing, and sale of seeds for 24 field crops and vegetables. Combining traditional breeding methods with advanced biotechnology, the company produces hybrid and open-pollinated variety seeds with higher yields, improved quality, and enhanced pest and disease resistance. Operating across five Indian states, it is a leading player in cotton seeds, which contributed 76.78%, 71.47%, and 64.73% of its revenue in FY 2024, 2023, and 2022, respectively. Its diverse portfolio includes seeds for cotton, wheat, cumin, bajra, maize, gram, okra, green gram, soybean, mustard, groundnut, jowar, onion, and more. As of December 2, 2024, Dhanlaxmi Crop Science employed 56 individuals, supporting its mission to provide innovative and high-quality agricultural solutions.
Strengths
- Integrated Seed Processing & Storage: State-of-the-art unit with in-house warehousing ensures efficiency and quality preservation.
- Diverse Product Portfolio: Offers a wide range of high-quality field crop and vegetable seeds for varied agricultural needs.
- Strong R&D Capabilities: Advanced research and breeding techniques drive innovation and superior seed performance.
Risk factors
- Legal Risks: Ongoing proceedings involving the company, its directors, promoters, and group entities could adversely impact financial performance.
- Product Concentration Risk: Heavy reliance on cotton seed sales exposes the company to revenue and growth vulnerabilities.
- R&D Dependence: Success depends on effective research and development; failure to innovate may hinder business growth.
Promoters
Mr. Kamleshkumar Jayantilal Patel
Mr. Alpeshbhai Jayantibhai Patel
Mr. Meet Kamleshkumar Patel
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 24, Opp. Arts and Commence College, Shamlaji High Way, N.H. No.8, Motipura, Sabar Kantha, Himatnagar, - 383001
+91 27 7224 4033
[email protected]Company website ↗Understanding DHANLAXMI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.