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Dhanlaxmi Crop Science IPO is a book build issue of ₹23.80 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹23.80 crore.
Dhanlaxmi Crop Science IPO bidding started from Dec 9, 2024 and ended on Dec 11, 2024. The allotment for Dhanlaxmi Crop Science IPO was finalized on Dec 12, 2024. The shares got listed on NSE SME on Dec 16, 2024.
Dhanlaxmi Crop Science IPO price band is set at ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,04,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Finshore Management Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Mnm Stock Broking Pvt.Ltd..
Refer to Dhanlaxmi Crop Science IPO RHP for detailed Information.
| IPO Date | December 9, 2024 to December 11, 2024 |
| Listing Date | December 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹52 to ₹55 per share |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,28,000 shares (aggregating up to ₹23.80 Cr) |
| Reserved for Market Maker | 2,18,000 shares Mnm Stock Broking Pvt.Ltd. (aggregating up to ₹1.20 Cr) |
| Net Offered to Public | 41,10,000 shares (aggregating up to ₹22.61 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,20,00,000 shares |
| Share Holding Post Issue | 1,63,28,000 shares |
Dhanlaxmi Crop Science IPO offers total 43,28,000 shares. Out of which 19,30,000 (44.59%) allocated to QIB, 7,72,000 (17.84%) allocated to QIB, 6,58,000 (15.20%) allocated to NII, 15,22,000 (35.17%) allocated to RII and 11,58,000 (26.76%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,18,000 (5.04%) |
| QIB Shares Offered | 19,30,000 (44.59%) |
| − Anchor Investor Shares Offered | 11,58,000 (26.76%) |
| − QIB (Ex. Anchor) Shares Offered | 7,72,000 (17.84%) |
| NII (HNI) Shares Offered | 6,58,000 (15.20%) |
| Retail Shares Offered | 15,22,000 (35.17%) |
| Total Shares Offered | 43,28,000 (100.00%) |
Dhanlaxmi Crop Science IPO raises ₹6.37 crore from anchor investors. Dhanlaxmi Crop Science IPO Anchor bid date is December 6, 2024. Dhanlaxmi Crop Science IPO Anchor Investors list
| Bid Date | December 6, 2024 |
| Shares Offered | 11,58,000 |
| Anchor Portion Size (In Cr.) | 6.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 11, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 12, 2025 |
Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024.
| IPO Open Date | Mon, Dec 9, 2024 |
| IPO Close Date | Wed, Dec 11, 2024 |
| Tentative Allotment | Thu, Dec 12, 2024 |
| Initiation of Refunds | Fri, Dec 13, 2024 |
| Credit of Shares to Demat | Fri, Dec 13, 2024 |
| Tentative Listing Date | Mon, Dec 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 11, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As of December 2, 2024, the company has 56 employees.
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 |
| Total Income | 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 | ||||
The market capitalization of Dhanlaxmi Crop Science IPO is ₹89.80 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 39.07% |
| Debt/Equity | 0.06 |
| RoNW | 28.87% |
| PAT Margin | 7.30% |
| Price to Book Value | 3.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.88 | 10.05 |
| P/E (x) | 14.18 | 5.47 |
The Objects of the Issue are:
[Dilip Davda] The company is engaged in providing technology driven seeds with major focus on cotton seeds. It marked steady growth in its top and bottom lines for the reported periods. However, bumper profit for H1 of FY25 raises eyebrows and concern over its sustainability. Based on FY25 annualized super earnings, the issue appears fully priced. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | December 16, 2024 |
| BSE Script Code | |
| NSE Symbol | DHANLAXMI |
| ISIN | INE0V9V01010 |
| Final Issue Price | ₹55 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹104.50 |
| Low | ₹104.50 |
| High | ₹109.70 |
| Last Trade | ₹109.70 |
Dhanlaxmi Crop Science Ltd.
Survey No. 24, Opp. Arts and Commence College
Shamlaji High Way, N.H. No.8
Motipura, Sabar Kantha
Himatnagar, Gujarat, 383001
Phone: +91 27 7224 4033
Email: cs@dhanlaxmiseeds.com
Website: https://dhanlaxmiseeds.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Dhanlaxmi Crop Science IPO is a SME IPO of 43,28,000 equity shares of the face value of ₹10 aggregating up to ₹23.80 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on December 9, 2024, and closes on December 11, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dhanlaxmi Crop Science IPO using UPI as a payment gateway. Zerodha customers can apply in Dhanlaxmi Crop Science IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhanlaxmi Crop Science IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhanlaxmi Crop Science IPO opens on December 9, 2024 and closes on December 11, 2024.
Dhanlaxmi Crop Science IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Dhanlaxmi Crop Science IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dhanlaxmi Crop Science IPO will be done on Thursday, December 12, 2024, and the allotted shares will be credited to your demat account by Friday, December 13, 2024. Check the Dhanlaxmi Crop Science IPO allotment status.
The Dhanlaxmi Crop Science IPO listing date is on Monday, December 16, 2024.
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