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19 Dec 2024
Dhanlaxmi Crop Science Ltd IPO
Incorporated in 2005, Dhanlaxmi Crop Science has emerged as a prominent player in the agricultural sector. As a technology-driven seeds company, Dhanlaxmi Crop Science focuses on the development, production, processing, and sale of seeds for a diverse range of field crops and vegetables. The company employs a blend of traditional breeding techniques and cutting-edge biotechnological tools to create hybrid and open-pollinated seed varieties. These seeds are designed to deliver higher yields, improved product quality, and increased tolerance to pests and diseases compared to naturally occurring varieties.
As of March 31, 2024, Dhanlaxmi Crop Science has expanded its operations to produce seeds for 24 different crops and vegetables, catering to the needs of farmers across five states in India. The company's dedication to innovation and quality has positioned it as a trusted partner in the agricultural community. Among the numerous seeds in its product portfolio, cotton seeds stand out as a significant contributor to the company's financial success. Impressively, the sale of cotton seeds accounted for 76.78% of the operating profit in the fiscal year 2024. This trend of strong performance continued in previous years, with cotton seed sales contributing 71.47% and 64.73% to the operating profit in FY 2023 and FY 2022, respectively.
Diverse Product Portfolio
Dhanlaxmi Crop Science's diverse product portfolio includes both field crop and vegetable seeds. The company offers seeds for a wide array of crops such as Cotton, Wheat, Cumin, Bajra, Maize, and Gram. In addition, it provides quality seeds for vegetables like Okra, Green Gram, SSG, Soybean, Milky, Mustard, and Groundnut. Furthermore, the portfolio extends to include Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, and Onion, among others. Each of these seeds is developed with a focus on enhancing agricultural productivity and supporting sustainable farming practices. Through its innovative approach and commitment to excellence, Dhanlaxmi Crop Science continues to make significant contributions to the agricultural industry, empowering farmers with the tools they need to succeed in an ever-evolving landscape.
Dhanlaxmi Crop Science IPO Overview:
- ● IPO Type: Book Built Issue IPO
- ● IPO Size: ₹23.80 crores (fresh issue of 43.28 lakh shares)
- ● Subscription Dates: December 9, 2024, to December 11, 2024.
- ● Price Per Share: ₹52 to ₹55 per share
- ● Minimum Lot Size: Minimum application of 2000 shares.
- ● Book Running Lead Managers: Finshore Management Services Limited
- ● Registrar: Bigshare Services Pvt Ltd.
- ● Market Maker: MNM Stock Broking
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Dhanlaxmi Crop Science Limited GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | 55 | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Dhanlaxmi Crop Science IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 9, 2024 to December 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹52 to ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,328,000 shares (aggregating up to ₹23.80 Cr) |
| Fresh Issue | 4,328,000 shares (aggregating up to ₹23.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 12,000,000 |
| Shareholding post issue | 16,328,000 |
| Market Maker portion | 218,000 shares Mnm Stock Broking |
Dhanlaxmi Crop Science IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Monday, December 9, 2024 |
| IPO Close Date | Wednesday, December 11, 2024 |
| Basis of Allotment | Thursday, December 12, 2024 |
| Initiation of Refunds | Friday, December 13, 2024 |
| Credit of Shares to Demat | Friday, December 13, 2024 |
| Listing Date | Monday, December 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 11, 2024 |
Dhanlaxmi Crop Science IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Dhanlaxmi Crop Science IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Dhanlaxmi Crop Science IPO Promoter Holding
| Share Holding Pre Issue | 76.70% |
| Share Holding Post Issue | 56.37% |
Competitive Strengths:
- ● Integrated seed processing unit with warehouse facility on one premises.
- ● Wide range of products backed by consistent quality.
- ● Our Research & Development Capabilities.
- ● Established brand.
- ● Customer satisfaction and revenues from long-standing customer relationships.
- ● Experienced Promoter and Management Expertise.
- ● Proven track record of robust financial performance..
Dhanlaxmi Crop Science Ltd Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 33.82% |
| ROCE | 39.07% |
| RoNW | 28.87% |
| Debt/Equity | 0.06 |
| 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 |
Dhanlaxmi Crop Science IPO Objectives:-
-
The Objectives of the Issue are:
- 1. To meet Working Capital Requirements.
- 2. To meet the Issue Expenses.
- 3. General Corporate Purposes.
Dhanlaxmi Crop Science IPO FAQs
-
What is Dhanlaxmi Crop Science IPO?
Dhanlaxmi Crop Science IPO is a SME IPO. The company is going to raise ₹23.80 Crores via IPO. The issue is priced at ₹52 to ₹55 per equity share. The IPO is to be listed on NSE.
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When will the Dhanlaxmi Crop Science IPO open for subscription?
The IPO is to open on December 9, 2024 for QIB, NII, and Retail Investors. The IPO will close on December 11, 2024.
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What is the Dhanlaxmi Crop Science IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Dhanlaxmi Crop Science IPO Issue Size?
Dhanlaxmi Crop Science IPO issue size is ₹23.80 crores.
-
What is Dhanlaxmi Crop Science IPO Price Band?
Dhanlaxmi Crop Science IPO Price Band is ₹52 to ₹55.
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What is Dhanlaxmi Crop Science IPO Lot Size?
The minimum bid is 2000 Shares with ₹110,000 amount.
-
What is the Dhanlaxmi Crop Science IPO Allotment Date?
Dhanlaxmi Crop Science IPO allotment date is December 12, 2024.
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What is the Dhanlaxmi Crop Science IPO Listing Date?
Dhanlaxmi Crop Science IPO listing date is December 16, 2024. The IPO is to list on NSE.
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What is the Dhanlaxmi Crop Science current GMP?
The current GMP of the Dhanlaxmi Crop Science is ---.
RHP:
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DRHP:
DRHP of Dhanlaxmi Crop Science Ltd IPO
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