Dhanlaxmi Crop Science IPO Overview

Dhanlaxmi Crop Science IPO is a book built issue of Rs 23.80 crores. The issue is entirely a fresh issue of 43.28 lakh shares.

Dhanlaxmi Crop Science IPO opens for subscription on December 9, 2024 and closes on December 11, 2024. The allotment for the Dhanlaxmi Crop Science IPO is expected to be finalized on Thursday, December 12, 2024. Dhanlaxmi Crop Science IPO will list on NSE SME with tentative listing date fixed as Monday, December 16, 2024.

Dhanlaxmi Crop Science IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.

Finshore Management Services Limited is the book running  lead manager of the Dhanlaxmi Crop Science IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Dhanlaxmi Crop Science IPO is Mnm Stock Broking.

Refer to Dhanlaxmi Crop Science IPO RHP for detailed information.

Dhanlaxmi Crop Science IPO Important dates

Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024.

IPO Open Date Monday, December 9, 2024
IPO Close Date Wednesday, December 11, 2024
Basis of Allotment Thursday, December 12, 2024
Initiation of Refunds Friday, December 13, 2024
Credit of Shares to Demat Friday, December 13, 2024
Listing Date Monday, December 16, 2024
Cut-off time for UPI mandate confirmation 5 PM on December 11, 2024

Dhanlaxmi Crop Science IPO  Financial Performance

Dhanlaxmi Crop Science Ltd’s revenue increased by 37% and profit after tax (PAT) rose by 55% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 5,137.91 3,496.15 2,002.73 2,086.33
Revenue 11,996.26 6,375.08 4,664.17 3,543.08
Profit After Tax 820.81 465.36 299.55 58.28
Net Worth 2,432.3 1,612.07 1,139.63 617.26
Reserves and Surplus 1,232.3 712.07 739.63 439.76
Total Borrowing 768.61 104.24 258.32 913.16
Amount in ₹ Lakhs

Dhanlaxmi Crop Science IPO Key Performance Indicator

The market capitalization of Dhanlaxmi Crop Science IPO is Rs 89.8 Cr.

KPI as of March 31, 2024.

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 10.05
P/E (x)  14.18 5.47

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

Dhanlaxmi Crop Science IPO Objectives

The Objects of the Issue are:

  1. To meet Working Capital Requirements
  2. To meet the Issue Expenses
  3. General Corporate Purposes

Dhanlaxmi Crop Science IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹110,000
Retail (Max) 1 2000 ₹110,000
HNI (Min) 2 4,000 ₹220,000

Dhanlaxmi Crop Science IPO Details

IPO Date December 9, 2024 to December 11, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹52 to ₹55 per share
Lot Size 2000 Shares
Total Issue Size 4,328,000 shares
(aggregating up to ₹23.80 Cr)
Fresh Issue 4,328,000 shares
(aggregating up to ₹23.80 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue 12,000,000
Share holding post issue 16,328,000
Market Maker portion 218,000 shares

Dhanlaxmi Crop Science IPO Company Overview and Services

Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables.

The company integrates traditional breeding techniques with biotechnological tools and strives to produce hybrid and open-pollinated varieties of field crops and vegetable seeds that offer higher yields, better product quality, and a higher level of tolerance to pests and diseases compared to naturally occurring varieties.

As of March 31, 2024, the company produced seeds for 24 different crops and vegetables and operated in 5 states in India. The sale of cotton seeds accounts for the major portion of the operating profit and contributed 76.78%, 71.47%, and 64.73% to the operating profit in FY 2024, FY 2023, and FY 2022, respectively.

The Products Portfolio: 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.&

Their Competitive Strenght:

  • Integrated seed processing unit with warehouse facility on one premises.
  • Wide range of products backed by consistent quality
  • Our 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.

Dhanlaxmi Crop Science IPO SWOT Analysis

Strengths

  • Technology-driven approach: The company leverages a combination of traditional breeding techniques and biotechnology to develop high-quality seeds.
  • Diverse product portfolio: Dhanlaxmi Crop Science offers seeds for a wide range of crops, reducing reliance on any single product and providing diversification benefits.
  • Strong market presence: The company operates in five Indian states, indicating a significant market presence and understanding of regional needs.
  • Consistent financial performance: The company has demonstrated steady growth in revenue and profitability over the past few years.

Weaknesses

  • Heavy reliance on cotton seeds: A significant portion of the company’s revenue comes from cotton seeds, which could expose it to risks associated with fluctuations in cotton prices and demand.
  • Limited geographical reach: While the company has a strong presence in five states, expanding its operations to other regions could be a challenge.
  • Competition: The seed industry is highly competitive, with several established players vying for market share.

Opportunities

  • Growing demand for high-quality seeds: The increasing focus on agricultural productivity and food security presents significant growth opportunities for the company.
  • Government support for the agricultural sector: Government initiatives to promote agricultural development can benefit the company’s business.
  • Potential for product diversification: The company can explore opportunities to expand its product portfolio and enter new markets.

Threats

  • Adverse weather conditions: Unfavorable weather conditions can impact crop yields and, consequently, the demand for seeds.
  • Regulatory risks: Changes in government regulations or policies can affect the company’s operations and profitability.
  • Global economic slowdown: A global economic downturn can impact consumer spending and reduce demand for agricultural products.

Overall, Dhanlaxmi Crop Science appears to be a promising company with a strong foundation and growth potential. However, investors should carefully consider the company’s reliance on cotton seeds and the competitive landscape before making an investment decision.

Dhanlaxmi Crop Science IPO GMP Details

Dhanlaxmi Crop Science SME IPO last GMP is ₹28, last updated Dec 9th 2024 11:02 AM. With the price band of 55.00, Dhanlaxmi Crop Science SME IPO’s estimated listing price is ₹83 (cap price + today’s GMP).The expected percentage gain/loss per share is 50.91%.

We update GMP on a daily basis and based on last 6 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹20, while the highest GMP is ₹28. Stay with us to know the daily price trend of Dhanlaxmi Crop Science SME IPO GMP with expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
09-12-2024 Open 55.00 ₹28  42600 ₹83 (50.91%) 9-Dec-2024 11:02
08-12-2024 55.00 ₹28  42600 ₹83 (50.91%) 8-Dec-2024 22:26
07-12-2024 55.00 ₹28  42600 ₹83 (50.91%) 7-Dec-2024 22:25
06-12-2024 55.00 ₹28   42600 ₹83 (50.91%) 6-Dec-2024 22:31
05-12-2024 55.00 ₹25   38000 ₹80 (45.45%) 5-Dec-2024 22:27
04-12-2024 55.00 ₹20  30400 ₹75 (36.36%) 4-Dec-2024 22:31

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Dhanlaxmi Crop Science IPO Subscription Status 

Dhanlaxmi Crop Science IPO subscribed 5.80 times. The public issue subscribed 9.59 times in the retail category, 0.00 times in QIB, and 3.85 times in the NII category by December 9, 2024.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 11,58,000 11,58,000 6.369 –
Qualified Institutions 0.00 7,72,000 0 0 0
Non-Institutional Buyers*** 3.85 6,58,000 25,34,000 13.937 391
Retail Investors 9.59 15,22,000 1,46,02,000 80.311 7,301
Total ** 5.80 29,52,000 1,71,36,000 94.248 7,692

Note:

  • *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

  • **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

  • ***: Market Maker portion is not included to NII/HNI.
Date QIB NII* Retail Total
Day 1
Dec 9, 2024		 0.00 3.85 9.59 5.80

Dhanlaxmi Crop Science IPO Allotment status 

The allotment status of Dhanlaxmi Crop Science IPO is expected to be available on December 12, 2024.

Dhanlaxmi Crop Science IPO allotment status is not available at this time. Dhanlaxmi Crop Science IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Dhanlaxmi Crop Science Ltd IPO allotment status.

To check Dhanlaxmi Crop Science IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Dhanlaxmi Crop Science IPO Contact Details

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/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

Want to Raise money for your company through SME IPO? Read More