The Dhanlaxmi Crop Science IPO is being offered as a book-built issue amounting to ₹23.80 crores. The issue comprises a fresh issuance of 43.28 lakh shares.
The IPO is scheduled to be opened for subscription from December 9, 2024, to December 11, 2024. The allotment of shares is expected to be finalized by Thursday, December 12, 2024, and the listing on NSE SME is tentatively planned for Monday, December 16, 2024.
A price band of ₹52 to ₹55 per share has been set for the IPO. An application is required to be made for a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum amount of ₹110,000, while HNIs need to invest a minimum of ₹220,000 for 2 lots (4,000 shares).
Get the 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 / Share |
| Price Band | ₹ 52 to ₹ 55 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | ₹23.80 Cr |
| Fresh Issue | ₹23.80 Cr |
| Offer for Sale | |
| Employee Discount | |
| 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 Ltd IPO opens on December 9, 2024, and closes on December 11, 2024.
| IPO Open Date | December 9, 2024 |
| IPO Close Date | December 11, 2024 |
| Basis of Allotment | December 12, 2024 |
| Initiation of Refunds | December 12, 2024 |
| Credit of Shares to Demat | December 13, 2024 |
| Listing Date | December 16, 2024 |
| Cut-off time for UPI mandate confirmation | December 11, 2024 |
Bids for the IPO can be placed by investors for a minimum of 2,000 shares and in multiples thereafter. The table below illustrates the minimum and maximum investment required by retail investors and HNIs, expressed in terms of shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | Rs.110,000 |
| Retail (Max) | 1 | 2,000 | Rs.110,000 |
| S-HNI (Min) | 2 | 4,000 | Rs.220,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 76.70% |
| Share Holding Post Issue | 56.37% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Dhanlaxmi Crop Science, incorporated in 2005, is recognized as a technology-driven seeds company involved in the development, production, processing, and sale of seeds for various field crops and vegetables.
Traditional breeding techniques are combined with biotechnological tools by the company to produce hybrid and open-pollinated seed varieties. These varieties are designed to deliver higher yields, improved product quality, and enhanced tolerance to pests and diseases compared to naturally occurring variants.
By March 31, 2024, seeds for 24 different crops and vegetables were being produced, with operations spread across five Indian states. Cotton seed sales were observed to contribute significantly to the operating profit, accounting for 76.78%, 71.47%, and 64.73% of the profit in FY 2024, FY 2023, and FY 2022, respectively.
Competitive Strength:
| 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 |
The objectives of the issue are:
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/ |
Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
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