Bookbuilding IPO | ₹24 Cr | Listed at NSE SME | Mon, Dec 9, 2024 - Wed, Dec 11, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,10,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 9, 2024
IPO Close
Wed, Dec 11, 2024
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹89.80 Cr
| IPO Date | 9 to 11 Dec, 2024 |
| Listed on | Mon, Dec 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 43,28,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 2,18,000 shares MNM Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 41,10,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 41,10,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,20,00,000 shares |
| Share Holding Post Issue | 1,63,28,000 shares |
| NSE Symbol | DHANLAXMI |
| ISIN | INE0V9V01010 |
Dhanlaxmi Crop Science IPO comprises a total issue size of 43,28,000 shares. The net offer to the public is 41,10,000 shares, after excluding 2,18,000 shares allotted on a firm basis. Of the Net offer 19,30,000 (46.96%) are allocated to QIB, 6,58,000 (16.01%) allocated to NII 15,22,000 (37.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,30,000 | 46.96% | 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 | 16.01% | 15.20% |
| Retail Shares Offered | 15,22,000 | 37.03% | 35.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,18,000 | 5.04% | |
| Total Shares Offered | 43,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Dhanlaxmi Crop Science IPO raises ₹6.37 crore from anchor investors. Dhanlaxmi Crop Science IPO Anchor bid date is December 6, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 6, 2024 |
| Shares Offered | 11,58,000 |
| Anchor Portion (₹ Cr.) | 6.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 11, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 12, 2025 |
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.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 51.38 | 34.96 | 20.03 | 20.86 |
| Total Income | 119.96 | 63.75 | 46.64 | 35.43 |
| Profit After Tax | 8.21 | 4.65 | 3.00 | 0.58 |
| NET Worth | 24.32 | 16.12 | 11.40 | 6.17 |
| Reserves and Surplus | 12.32 | 7.12 | 7.40 | 4.40 |
| Total Borrowing | 7.69 | 1.04 | 2.58 | 9.13 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 20.06 |
| 2 | Issue Related Expenses | 2.25 |
| 3 | General Corporate Expense | 1.50 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 3.88 | 10.05 |
| P/E (x) | 14.18 | 5.47 |
| Promoter Holding | 99.48% | 73.11% |
| Market Cap | ₹89.80 Cr. |
The Dhanlaxmi Crop Science IPO is subscribed 555.83 times on December 11, 2024 6:19:59 PM (Day 3). The public issue subscribed 441.18 times in the retail category, 197.65 times in the QIB category, and 1,241.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 197.65 | 7,72,000 | 15,25,82,000 | 103 |
| NII* | 1,241.27 | 6,58,000 | 81,67,56,000 | 27,469 |
| Retail | 441.18 | 15,22,000 | 67,14,72,000 | 3,35,736 |
| Total | 555.83 | 29,52,000 | 1,64,08,10,000 | 3,63,308 |
Total Application : 3,63,308
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees, underwriting commission, including other intermediaries Fees, Printing and Distribution of Issue stationery | 0.69 |
| 2 | Regulators Including Stock Exchanges | 0.13 |
| 3 | Advertising, Selling, Marketing Expenses and Advisory | 1.43 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹104.50 |
| Low | ₹104.50 |
| High | ₹109.70 |
| Last Trade | ₹109.70 |
Lead Manager Reports
Dhanlaxmi Crop Science IPO is a SME IPO of 43,28,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Dec 9, 2024, and closes on Wed, Dec 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 Mon, Dec 9, 2024 and closes on Wed, Dec 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 Fri, Dec 13, 2024. Check the Dhanlaxmi Crop Science IPO allotment status.
The Dhanlaxmi Crop Science IPO listing date is on Mon, Dec 16, 2024.
