Dhanlaxmi Crop Science Ltd – IPO
Dhanlaxmi Crop Science Ltd – IPO Details
| 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 Timeline (Tentative Schedule)
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 |
Dhanlaxmi Crop Science Ltd IPO Lot Size
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) |
Dhanlaxmi Crop Science Ltd IPO Promoter Holding
| Share Holding Pre Issue | 76.70% |
| Share Holding Post Issue | 56.37% |
Dhanlaxmi Crop Science Ltd IPO Reservation
| 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 | |
Dhanlaxmi Crop Science Ltd IPO Anchor Investors Details
| 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) |
About Dhanlaxmi Crop Science Ltd
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:
- An integrated seed processing and warehouse facility operates on one premises.
- A wide range of quality-assured products is offered.
- Strong research and development capabilities are demonstrated.
- Established brand
- High customer satisfaction and long-standing relationships drive consistent revenue.
- The company is guided by experienced promoters and skilled management.
- The company has a proven track record of strong financial performance.
Key Performance Indicator
| 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 |
Objects of the Issue (Dhanlaxmi Crop Science Ltd IPO Objectives)
The objectives of the issue are:
- To fulfill working capital requirements
- To cover issue expenses
- For general corporate purposes
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: [email protected] Website: https://dhanlaxmiseeds.com/ |
Dhanlaxmi Crop Science Ltd IPO Registrar
Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: https://ipo.bigshareonline.com/ipo_status.html |