Dhanwel Hybrid Seeds Limited IPO

Dhanwel Hybrid Seeds IPO Details

The Dhanwel Hybrid Seeds IPO is a 100% book-built issue without an OFS. It includes a fresh issue of up to 27,00,000 equity shares of face value ₹10 each to aggregate up to ₹26.73 crore at the upper price band. The company has made the filing of its Draft Red Herring Prospectus (DRHP) with the exchange on December 31, 2025.

The price band has been fixed at ₹95 to ₹99 per share. The lot size is 1,200 equity shares and the minimum retail application is 2 lots (2,400 shares), with the requirement of ₹2,37,600 at the upper price band. The IPO is open for subscription from June 24 to 29, 2026, on the BSE SME platform with a tentative listing date of July 2, 2026. The book-running lead manager is Wealth Mine Networks Pvt. Ltd., while Cameo Corporate Services Ltd. is the registrar to the offer.

Dhanwel Hybrid Seeds IPO Date & Timeline

The Dhanwel Hybrid Seeds IPO is officially set to open for subscription on June 24, 2026 and will close on June 29, 2026. The company submitted its Draft Red Herring Prospectus (DRHP) to the stock exchange on December 31, 2025 and has now decided on its schedule after gaining regulatory approval. After the subscription window closes, the basis of allotment is expected to be announced on June 30, 2026. It will be followed by conducting a refund and crediting the shares to the successful applicants' demat accounts starting July 1, 2026. Finally, the shares of Dhanwel Hybrid Seeds IPO will get listed on the stock exchange on July 2, 2026.

Dhanwel Hybrid Seeds IPO GMP (Grey Market Premium)

"Grey Market Premium" or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Dhanwel Hybrid Seeds IPO GMP is currently not available or trading at ₹0 as the market has not yet initiated unofficial trading for this specific issue. Pricing sentiment will update closer to the final listing date. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Dhanwel Hybrid Seeds Limited was incorporated as a public limited company in 2024, building on a business established in 2018 and works in the business of manufacturing and distribution of seeds for various field crops and vegetable crops. They develop and manufacture quality seeds by acquiring genetic seeds from various recognised institutions, research organisations and even the open market. Being located at Jashapar, Jamnagar, Gujarat, the company conducts the seed production process through a well-planned approach that involves cultivation, processing, quality checking and packaging of seeds. Financially, the company has shown quick growth with an increase in total income from ₹10.51 crore in FY23 to ₹44.13 crore in FY25, establishing itself as a focused player in India's hybrid seed market.

Operations & Product Range

Dhanwel Hybrid Seeds Limited specialises in the manufacture of hybrid seeds for field crops and vegetable varieties. The range of products offered by the company includes Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat Seeds, Green Gram Seeds, Black Gram Seeds, Fenugreek Seeds, Cumin Seeds and many more. The company utilises selected seed-growing farmers on a controlled basis and supplies seed materials along with technical assistance for cultivation, while closely supervising the quality of crops. The seeds collected post-harvesting are then processed at the company’s facility in Jashapar, Jamnagar, through a cleaning, grading, treatment and packaging process to ensure their high quality and viability. The company also procures seeds directly from farmers and the open market when required.

Facilities & Capacity

The firm runs its seed processing plant at Jashapar, Jamnagar, Gujarat. The plant takes care of the entire process, right from cleaning, grading, treating, to packaging. The facility is equipped with facilities for quality control and viability testing of the seeds to check whether the seeds are suitable for the standard before distribution. Its business model involves a network of farmers under supervision for growing the crop, with the firm having control over the process and quality assurance.

Brands & Market Presence

The company is known by the name "Dhanwel Hybrid Seeds" in the local agricultural input industry. Its business activities are concentrated in the state of Gujarat and other nearby agricultural areas where farmers and distributors use hybrid seeds for field crops and vegetables. The company sources improved genetic seed material from recognised institutions and research organisations, enabling it to offer quality seeds to the farming community.

Revenue Streams & Business Model

Dhanwel Hybrid Seeds Ltd earns most of its revenue through sales of hybrid seeds for field crops and vegetables. It follows the seed production business model in which it uses the genetic material and supervises the crop growth by selected farmers. It then processes the grown crops in its own facility for sales to its distributors and farmers. Its total income has seen an increase from ₹44.13 crore in FY25 to ₹74.59 crore in FY26. The profitability has also increased from Profit After Tax (PAT) of ₹0.48 crore in FY23 to ₹6.11 crore in FY26. The EBITDA has increased from ₹0.69 crore in FY23 to ₹9.24 crore in FY26. Its net worth has increased from ₹1.04 crore in FY23 to ₹19.64 crore in FY26.

Management & Shareholding

The promoters of Dhanwel Hybrid Seeds Limited collectively held 49.93% of the pre-issue equity capital. Following the fresh issue of 27,00,000 shares, the promoter shareholding will be diluted to approximately 35.13%. At the same time, the required portion of the post-issue capital will remain locked in as per applicable regulatory requirements. The company had 64,03,320 shares outstanding pre-IPO and will have 91,03,320 shares post-IPO.

Board & Key Management

Dhanwel Hybrid Seeds Ltd. is led by an experienced management team with deep expertise in the agricultural and seed development sectors. The board includes the promoter directors along with independent directors to support effective governance and oversight. The leadership team leverages its industry knowledge and farmer relationships to drive the company's growth in the hybrid seed segment.