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dhanlaxmi crop IPO GMP

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Dhanlaxmi Crop Science IPO (Closed)

Price Rs. 55 Lot 2000 shares, Rs. 23.80 Crore

QIB NII x RII x Total x Applications
197.65 1241.27 441.18 555.83 3,63,308 (477.41x)
Amount wise bids recd. Rs. ? Crore
Note: 

 

 

What is the business of Dhanlaxmi Crop?

Dhanlaxmi Crop is a technology driven seeds company that develops, produces, processes and sells seeds for a range of field crops and vegetables, have more than 18 years of experience in the Indian seeds industry. It 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.

Its seeds are suitable for varying agroclimatic conditions, such as water availability, crop duration and soil attributes, across different geographic regions in India. It produced, as of September 30 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 our revenue from operations, contributing 95.64%, 76.78%, 71.47% and 64.73% of its revenue from operations in September 30, 2024, Fiscal 2024, 2023 and 2022, respectively. Its product portfolio includes 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.

Get more information about the company @ https://dhanlaxmiseeds.com/

Dhanlaxmi Crop IPO Details

IPO opens on  9 December 2024
IPO closes on  11 December 2024
Issue Type Book Built Issue IPO
Issue Size 4328000 Shares /
Rs 23.80 Crore
* Fresh Issue 4328000 Shares /
Rs 23.80 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 218000 Shares
Net offer to Public 4110000 Shares/
Rs.22.60 Crore
Face Value per share Rs. 10
Price Band Rs. 52-55
Employee discount  Rs. 0 per share
Retail Lot Size  2000 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2055000 11.30
NII  (15%)   616500   3.39
RII  (35%) 1438500   7.91
Total Shares  4885200 46.41
Retail portion will be
oversubscribed by 
1425
Forms
How much Shares to Apply in this IPO?
Min Retail Application 2000 Shares Rs.110000
Min HNI Application  4000 Shares Rs.220000

Who are the Promoters of Dhanlaxmi Crop?

Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel and Mr. Meet Kamleshkumar Patel are the promoters of the company.

What are the Objects of Dhanlaxmi Crop IPO?

The Offer comprises of fresh issue of shares 

The Objects of the Issue are:

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

Tentative timetable

IPO opens on 9 December 2024
IPO Closes on 11 December 2024
IPO Allotment on  12 December 2024
Refund Initiation  13 December 2024
Credit of Shares 13 December 2024
Listing on 16 December 2024
Registered Office of the Company
Dhanlaxmi Crop Science Ltd
Survey No. 24, Opp. Arts and Commence College,
Shamlaji High Way, N.H. No.8,
Motipura, Sabar Kantha, Himatnagar, – 383001
Who is the Lead Manager of this IPO?
Finshore Management Services ltd

Who is the Registrar to IPO?
Bigshare Services Private Ltd

Dhanlaxmi Crop IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Dhanlaxmi Crop IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 35.43 0.58  
2022-23 46.64 2.99  
2023-24  63.75 4.65 3.88 28.87
Book Value of the
Share on 31.03.2024
Rs 13.43    
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. 55    

Key Performance
indicators

Price/EPS of 23-24 14.17
Price/BV Ratio   4.10
Debt/Equity Ratio 0.06  


How Dhanlaxmi Crop IPO
compares with the Peers?

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Crore  
Dhanlaxmi Crop 10   14.17
Mangalam Seed 10   16.67
Upsurge Seeds 10   25.39
       
       
       

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