Dhanlaxmi Crop Science Limited IPO
NSE SMEListed On: Dec 16, 2024 at ₹ 104.5
₹ 220000 /4000 Shares
*Min Investment
09 Dec, 2024
Open Date11 Dec, 2024
Close Date12 Dec, 2024
Allotment Date16 Dec, 2024
Listing DateDhanlaxmi Crop Science IPO Issue Details
- Issue Price ₹52-55 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 43,28,000 shares(aggregating up to ₹23.8 crore)
- Fresh Share 43,28,000 shares(aggregating up to ₹23.8 crore)
- Listing at NSE SME
- List Price 104.5
- Listing Date 2024-12-16
- Lead Manager Finshore Management Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 | ₹1,10,000 |
| Retail(max) | 1 | 2000 | ₹1,10,000 |
| NII (min) | 2 | 4000 | ₹2,20,000 |
Dhanlaxmi Crop Science IPO Reservation
Dhanlaxmi Crop Science IPO offers total 43,28,000 shares. Out of which 7,72,000 (17.84%) allocated to QIB, 6,58,000 (15.2%) allocated to NII,15,22,000 (35.17%) allocated to RII, NA (NA%) allocated to employees and 11,58,000 (26.76%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Details
Dhanlaxmi Crop Science Limited IPO is an SME IPO, priced at ₹52-55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 43,28,000 equity shares, aggregating up to ₹23.8 crores..
The IPO bidding window is open from Dec 9, 2024 to Dec 11, 2024. The allotment is expected to be finalized on Dec 12, 2024, and the tentative listing date is Dec 16, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,10,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,20,000.
Finshore Management Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Mnm Stock Broking Private Limited will act as the market maker for this issue.
Dhanlaxmi Crop Science IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 772,000 / 658,000 | 1,522,000 | 2,952,000 |
Day 1 09-12-24 06:00 PM | 1.32 / 13.22 x | 30.44 x | 18.98 x |
Day 2 10-12-24 06:00 PM | 1.35 / 64.26 x | 100.06 x | 66.26 x |
Day 3 11-12-24 06:00 PM | 197.65 / 1241.60 x | 441.18 x | 555.90 x |
Dhanlaxmi Crop Science Valuations
Dhanlaxmi Crop Science Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 3,496.15 | 2,002.73 | 2,086.33 |
| Revenue | 6,375.08 | 4,664.17 | 3,543.08 |
| Profit After Tax | 465.36 | 299.55 | 58.28 |
| Net Worth | 1,612.07 | 1,139.63 | 617.26 |
| Reserves & Surplus | 712.07 | 739.63 | 439.76 |
| Total Borrowing | 104.24 | 258.32 | 913.16 |
About Dhanlaxmi Crop Science Company
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company developing, producing, processing, and selling seeds for various field crops and vegetables.
The company combines traditional breeding techniques with biotechnological tools to produce hybrid and open-pollinated varieties of field crops and vegetable seeds with higher yields, better product quality, and higher tolerance to pests and diseases than the naturally occurring varieties.
As of March 31, 2024, the company was manufacturing seeds for 24 varieties of crops and vegetables and was functioning in 5 states in India. Cotton seeds constituted the main portion of operating profit, contributing 76.78%, 71.47%, and 64.73% to operating profit for FY 2024, FY 2023, and FY 2022, respectively.
Product Range: Seeds for field crops, vegetables and crop improvement for the following crops:
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 and so on.
Dhanlaxmi Crop Science - Promoter(s)
Mr. Kamleshkumar Jayantilal Patel
Mr. Alpeshbhai Jayantibhai Patel
Mr. Meet Kamleshkumar Patel
Pre Issue Share Holding : 76.70%
Post Issue Share Holding : 56.37%
Dhanlaxmi Crop Science IPO - Issue Objectives
To meet Working Capital Requirements
To meet the Issue Expenses
General Corporate Purposes
Dhanlaxmi Crop Science IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Dhanlaxmi Crop Science Ltd | 5.17 | 5.17 | 13.43 | N/A | 28.87 | 4.1 | Consolidated |
| Mangalam Seeds Ltd | 12.01 | 12.01 | 63.52 | 16.67 | 18.9 | 4 | Consolidated |
| Upsurge Seeds Of Agriculture Limited | 8.98 | 8.98 | 65.06 | 25.39 | 15.79 | N/A | N/A |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares as of the end of FY 2024, divided by the Diluted EPS.
- Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
- NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
- Net worth means the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account, after deducting the accumulated losses and other deductions, as per the restated balance sheet.
Contact Details
Dhanlaxmi Crop Science
Survey No. 24, Opp. Arts and Commence College, Shamlaji High Way, N.H. No.8, Motipura, Sabar Kantha, Himatnagar, - 383001
+91 27 7224 4033
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Dhanlaxmi Crop Science IPO - FAQs
Ans. Dhanlaxmi Crop Science Limited IPO is a SME IPO. The issue is priced at ₹52-55 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Dec 9, 2024, and closes on Dec 11, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Dhanlaxmi Crop Science Limited IPO opens on Dec 9, 2024 and closes on Dec 11, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Dhanlaxmi Crop Science Limited IPO is 4,328,000 shares(aggregating up to ₹23.80 Cr).
Ans. The Dhanlaxmi Crop Science Limited IPO price band is set between ₹52-55 per equity share.
Ans. To apply for Dhanlaxmi Crop Science Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Dhanlaxmi Crop Science Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Dhanlaxmi Crop Science Limited IPO is Dec 12, 2024.
Ans. The Dhanlaxmi Crop Science Limited IPO will be listed on Dec 16, 2024.
Ans. Follow the steps to check the Dhanlaxmi Crop Science Limited IPO allotment status online.
