Dhanwel Hybrid Seeds Limited
Bookbuilding IPO · BSE
- Price band
- ₹95 - ₹99
- Lot size
- 1,200 shares
- Issue amount
- ₹26.73 cr
- Total subscription
- 1.71×
- Opens
- 19 Aug 2026
- Closes
- 21 Aug 2026
- Allotment
- 24 Aug 2026
- Listing
- 26 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 27,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹26.73 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,18,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 64,03,320
- Shares after issue
- 91,03,320
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,37,600 |
| sHNI | 3 | 3,600 | ₹3,56,400 |
| bHNI | 9 | 10,800 | ₹10,69,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 21 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 1 |
| NIB | 0 | 66 |
| RETAIL | 528 | 1,626 |
| EMPLOYEES | 0 | 0 |
| HNIs(10L +) | 235 | 5 |
| HNIs (2-10L) | 117 | 61 |
| Shareholder | 0 | 0 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.29 | 0.29 |
| Others | 0 | 0.29 |
| RETAIL | 12.55 | 38.63 |
| NIB | 12.55 | 4.36 |
| HNIs 2+ | 4.18 | 2.57 |
| HNIs 10+ | 8.36 | 1.79 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 9.56 | 3.6 | 3.46 |
| ROE | 31.11 | 16.26 | 52.28 |
| ROCE | 49.36 | 38.48 | 107.76 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 10.37 | 0 | 0 |
| POST IPO(PE) | 14.47 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Dhanwel Hybrid Seeds Limited | 10.37 | 99.00 | 10.00 | 30.70 | 31.11 | 9.56 |
| Bombay Super Hybrid Seeds Limited | 39.09 | 99.29 | 1.00 | 12.49 | 20.35 | 2.54 |
| Upsurge Seeds of Agriculture Limited | 14.00 | 104.00 | 10.00 | 61.47 | 12.06 | 7.43 |
Company information
Company profile
Incorporated in 2018, Dhanwel Hybrid Seeds is engaged in the manufacturing and supply of seeds for various field crops and vegetables, focusing on delivering quality seeds using improved genetic material sourced from recognised institutions, research organisations, and the open market. The company follows a structured seed production process that includes cultivation, processing, quality control, and packaging to ensure high standards. Its product portfolio includes groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek, cumin seeds, and more. It works closely with selected seed-growing farmers under supervised arrangements by providing seed material and technical support while monitoring crop quality, and processes harvested seeds at its facility in Jashapar, Jamnagar through cleaning, grading, treatment, and packaging to ensure quality and viability, while also procuring seeds directly from farmers and the open market when required.
Strengths
- Diverse Seed Portfolio: The company offers a broad range of field crop and vegetable seeds, including groundnut, soybean, sesame, wheat, gram, cumin, fodder, bajri, onion, and coriander.
- Strong Quality Assurance: Its seed manufacturing, processing, and supply operations are ISO 9001:2015 certified, supported by quality checks and laboratory testing.
- Customer-Centric Approach: The company focuses on maintaining consistent product quality and customer satisfaction, helping build long-term relationships and repeat business.
Risk factors
- Seasonality & Weather Dependency: Demand for seeds depends on monsoon conditions, rainfall, crop cycles, and farming activity. Unfavourable weather may reduce demand and impact financial performance.
- Regulatory Compliance Risk: Past delays or discrepancies in statutory filings and ROC submissions could result in penalties, additional compliance costs, or regulatory action.
- Cash Transaction Risk: A significant portion of transactions is conducted in cash, which may increase operational, tax, regulatory, and financial risks due to limited traceability.
Promoters
Mr. Kishankumar Gordhanbhai Meghani
Mr. Vimal Mansukhbhai Vekariya
Mr. Sudhir Mohanbhai Pilaliya
Mr. Nikul Mansukhbhai Vekariya
Registrar & documents
Lead manager
Wealth Mine Networks Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 289/1, Opp. Saffron School, Rajkot- Kalawad Highway, At- Jashapar, Jamnagar, Gujarat, 361160
+91 7778889978
[email protected]Company website ↗Understanding DHANWEL 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.