Dhanlaxmi Crop Science IPO is to open on December 9, 2024. It is a SME IPO that will raise ₹23.80 crores. The Dhanlaxmi Crop Science Services IPO price band is fixed at ₹52 to ₹55 with a market lot of 2000 Shares.
Established in 2005, Dhanlaxmi Crop Science Limited is a technology-based seed company with over 18 years of experience in the Indian seed industry. The company develops, produces, processes, and sells seeds for a wide range of field crops and vegetables. Their profile is using traditional breeding techniques with biotechnology tools and creating hybrid and open-pollinated field crops and vegetable seeds. This process helps to produce higher yields, which means the crop that grows from their seeds will produce more food, allowing farmers to grow more. With the help of their seeds, the fruits, vegetables, and grains will more likely be of better quality and nutritious. As well as, their seeds are unaffected by insects and diseases, leaving the plants healthier.
Dhanlaxmi Crop Science IPO Details
| 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 |
| Share holding pre issue | 12,000,000 |
| Share holding post issue | 16,328,000 |
| Market Maker portion | 218,000 shares Mnm Stock Broking |
Dhanlaxmi Crop Science IPO Timeline (Tentative Schedule)
Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024.
| 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 Reservation
Dhanlaxmi Crop Science IPO offers 43,28,000 shares. 7,72,000 (17.84%) to QIB, 6,58,000 (15.2%) to NII, 15,22,000 (35.17%) to RII and 11,58,000 (26.76%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 11,58,000 (26.76%) |
| Market Maker Shares Offered | 2,18,000 (5.04%) |
| QIB Shares Offered | 7,72,000 (17.84%) |
| NII (HNI) Shares Offered | 6,58,000 (15.2%) |
| Retail Shares Offered | 15,22,000 (35.17%) |
| Total Shares Offered | 43,28,000 (100%) |
Dhanlaxmi Crop Science IPO Anchor Investors Details
Dhanlaxmi Crop Science IPO raises Rs 6.37 crore from anchor investors. Dhanlaxmi Crop Science IPO Anchor bid date is December 6, 2024. Dhanlaxmi Crop Science IPO Anchor Investors list
| Bid Date | December 6, 2024 |
| Shares Offered | 1,158,000 |
| Anchor Portion Size (In Cr.) | 6.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 11, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 12, 2025 |
Dhanlaxmi Crop Science IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
| Lot Size Calculator | |||
Dhanlaxmi Crop Science IPO Promoter Holding
Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel and Mr. Meet Kamleshkumar Patel are the promoters of the company.
| Share Holding Pre Issue | 76.70% |
| Share Holding Post Issue | 56.37% |
About Dhanlaxmi Crop Science Ltd
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:
- 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.
As of December 2, 2024, the company has 56 employees.