Dhanlaxmi Crop Science IPO

About Dhanlaxmi Crop Science IPO

Dhanlaxmi Crop Science IPO is set to open for subscription on December 9, 2024, and close on December 11, 2024. This IPO is a book-built issue worth ₹23.80 crore, comprising a fresh issue of 43.28 lakh shares. The price band for the IPO is ₹52 to ₹55 per share, and it will be listed on the NSE SME platform.

Investors can apply for a minimum lot size of 2,000 shares, requiring an investment of ₹1,10,000 for retail participants. High Net Worth Individuals (HNIs) can invest in a minimum of two lots, which amounts to ₹2,20,000.

The allotment of shares is expected to be finalised on December 12, 2024, with a tentative listing date of December 16, 2024. Finshore Management Services Limited is the lead manager for the issue, and Bigshare Services Pvt Ltd is the registrar. The market maker for this IPO is Mnm Stock Broking.

For comprehensive details about the company and the offering, it is recommended to refer to the Red Herring Prospectus (RHP) of Dhanlaxmi Crop Science IPO.

Industry Outlook

1. Agriculture accounts for nearly one-third of India’s GDP and employs around 55% of the population. Foodgrain production for 2023-24 (Kharif) is estimated at 148.5 million tonnes, reflecting the sector’s resilience and growth.
2. India’s food processing sector is projected to grow significantly, with output expected to reach $535 billion by 2025-26, generating 9 million jobs by 2024. The packaged and ready-to-eat food segments are also poised for substantial growth.

Dhanlaxmi Crop Science IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The funds will support day-to-day operational requirements, ensuring smooth business operations and uninterrupted supply of resources.
2. A portion of the proceeds will be utilised to manage expenses associated with the IPO process.
3. The remaining funds will be allocated towards general corporate purposes.

About Dhanlaxmi Crop Science Limited 

Dhanlaxmi Crop Science Limited, originally incorporated as Dhanlaxmi Agrichem Private Limited in 2005, is a prominent player in India’s seed industry. Renamed as Dhanlaxmi Crop Science Private Limited in 2007 and later converted into a public limited company in 2023, the company leverages over 18 years of expertise in developing, producing, and marketing seeds for field crops and vegetables.

The company employs advanced biotechnology alongside traditional breeding techniques to create hybrid and open-pollinated seeds with higher yields, improved quality, and better resistance to pests and diseases. With a robust product portfolio spanning cotton, wheat, cumin, maize, gram, and more, the company tailors seeds to diverse agro-climatic conditions across India.

Cotton seeds dominate the company’s revenue, contributing significantly over the years, complemented by increasing sales of vegetable and other field crop seeds. Dhanlaxmi Crop Science boasts advanced R&D facilities, having filed 5 applications under the PPV & FR Act and successfully developing hybrid cotton seeds like Advance and Agniveer.

By September 2024, the company produced 725 MT of raw seeds, operated processing facilities in Gujarat with a 7.3 MT/hour capacity, and managed extensive storage solutions. Its distribution network includes 1,185 dealers and distributors across Gujarat, Rajasthan, Haryana, and Maharashtra, enabling efficient delivery and meeting diverse customer needs.

Peer Details

According to RHP, the following are the listed peers of Dhanlaxmi Crop Science Limited:

1. Mangalam Seeds Limited
2. Upsurge Seeds of Agriculture Limited

How To Check the Allotment Status of the Dhanlaxmi Crop Science IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Dhanlaxmi Crop Science IPO online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
3. Select IPO: Find and select the Dhanlaxmi Crop Science IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Dhanlaxmi Crop Science IPO 

Registered office: Survey No. 24, Opp. Arts and Commence College, Shamlaji High Way, N.H. No.8, Motipura, Sabar Kantha, Himatnagar, Gujarat – 383001, India 

Phone: 027 7224 4033

E-mail: cs@dhanlaxmiseeds.com

Dhanlaxmi Crop Science IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
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 Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2,000	₹1,10,000
Retail (Max)	1	2,000	₹1,10,000
HNI (Min)	2	4,000	₹2,20,000

Dhanlaxmi Crop Science IPO Promoter Holding

The company is promoted by Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel, and Mr. Meet Kamleshkumar Patel.

Share Holding Pre-Issue	76.70%
Share Holding Post Issue	56.37%

Key Performance Indicators for Dhanlaxmi Crop Science IPO

The Dhanlaxmi Crop Science IPO has a market capitalization of ₹89.8 crore as of March 31, 2024.

KPI	Value
ROE	33.82%
ROCE	39.07%
Debt/Equity	0.06
RoNW	28.87%
P/BV	3.07
PAT Margin (%)	7.3

Dhanlaxmi Crop Science IPO Prospectus

• Dhanlaxmi Crop Science IPO RHP
• Dhanlaxmi Crop Science IPO DRHP

Dhanlaxmi Crop Science IPO Registrar and Lead Managers

Dhanlaxmi Crop Science IPO Lead Managers

Finshore Management Services Limited

Registrar for Dhanlaxmi Crop Science IPO

 Bigshare Services Pvt Ltd

• Contact Number: +91-22-6263 8200
• Email Address: investor@bigshareonline.com

Website: Dhanlaxmi Crop Science IPO Registrar