By upnifty 
About Dhanlaxmi Crop Science IPO
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company with over 18 years of experience in the Indian seeds industry. The company specializes in the development, production, processing, and sale of hybrid and open-pollinated field crop and vegetable seeds. By integrating traditional breeding techniques with modern biotechnology tools, Dhanlaxmi Crop Science aims to produce high-yielding seeds with enhanced quality, superior pest and disease tolerance, and adaptability to varying agro-climatic conditions. Their diverse product portfolio includes seeds for a wide range of crops such as Cotton, Wheat, Cumin, Maize, Soybean, Okra, and many others, catering to the specific needs of different regions across India.
As of September 30, 2024, Dhanlaxmi Crop Science has made significant strides in its research and development efforts. The company has filed multiple applications under the Protection of Plant Varieties and Farmers’ Rights (PPV & FR) Act, which includes varieties for cotton, wheat, and green gram. Several of their hybrid cotton seed products, like Advance and Agniveer, have been well-received in the market due to their superior yield and quality. Their commitment to R&D is reflected in their extensive germplasm repository, enabling the company to continuously innovate and deliver products that meet the evolving needs of farmers.
The company’s operations span five states across India, where it produces a wide range of crops and vegetables. In fiscal 2024, cotton seeds contributed the majority of revenue, accounting for 95.64% of total sales. Over the years, Dhanlaxmi Crop Science has also experienced substantial growth in the sale of seeds for other field crops and vegetables, including Wheat, Bajra, and Okra. The company produced 725 metric tons of raw seeds as of September 30, 2024, and has access to farmland in four states through contractual arrangements with over 45 seed growers. Additionally, they operate a state-of-the-art processing facility in Gujarat.
Dhanlaxmi Crop Science has built a robust distribution network, with 1,185 authorized dealers and distributors spread across key agricultural states like Gujarat, Rajasthan, Haryana, and Maharashtra. This expansive network, coupled with strategically located storage facilities, ensures that the company can effectively meet the needs of its customers across India. Dhanlaxmi Crop Science is well-positioned to capitalize on both current and future market opportunities.
Dhanlaxmi Crop Science prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives
- To meet Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes