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.
Refer to Dhanlaxmi Crop Science IPO DRHP for detailed information.
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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Dhanlaxmi Crop Science IPO Timeline (Tentative Schedule)
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 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 |
| Lot Size Calculator | |||
Dhanlaxmi Crop Science IPO Promoter Holding
Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel and Mr. Meet Kamleshkumar Patel are the promoters of the company.
| Share Holding Pre Issue | 99.48% |
| Share Holding Post Issue |
About Dhanlaxmi Crop Science Ltd
Incorporated in 2005, 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 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 in one premise.
- 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 Ltd Financial Information (Restated)
Dhanlaxmi Crop Science Ltd’s revenue increased by 36.68% and profit after tax (PAT) rose by 55.35% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,496.15 | 2,002.73 | 2,086.33 |
| Revenue | 6,375.08 | 4,664.17 | 3,543.08 |
| Profit After Tax | 465.36 | 299.55 | 58.28 |
| Net Worth | 1,612.07 | 1,139.63 | 617.26 |
| Reserves and Surplus | 712.07 | 739.63 | 439.76 |
| Total Borrowing | 104.24 | 258.32 | 913.16 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Dhanlaxmi Crop Science IPO is Rs 89.8 Cr.
KPI as of March 28, 2024.
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 39.07% |
| Debt/Equity | 0.06 |
| RoNW | 28.87% |
| P/BV | 3.07 |
| PAT Margin (%) | 7.3 |
Check Dhanlaxmi Crop Science IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.88 | 2.85 |
| P/E (x) | 14.18 | 19.3 |
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 March 31, 2024 that is available in RHP.
Objects of the Issue (Dhanlaxmi Crop Science IPO Objectives)
The Objects of the Issue are:
- To meet Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Dhanlaxmi Crop Science IPO Prospectus
Dhanlaxmi Crop Science Ltd 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/
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