Dhanlaxmi Crop Science Limited IPO Details
SME
Dhanlaxmi Crop Science IPO opens for subscription on 09 Dec 2024 and closes on 11 Dec 2024. The IPO will be listed on NSE with the tentative listing date set for 16 Dec 2024.
Dhanlaxmi Crop Science IPO price band has been fixed at ₹52 – ₹55 per share.The face value is ₹10 per share with a lot size of 2000.
Dhanlaxmi Crop Science IPO total issue size comprises 43,28,000 shares (aggregating up to ₹23.80 Cr). This includes a fresh issue of 43,28,000 shares (aggregating up to ₹23.80 Cr). Pre-issue shareholding stands at 1,20,00,000, which will increase to 1,63,28,000 post-issue.
Dhanlaxmi Crop Science IPO carries a ₹50 (90.9%) GMP, reflecting investor sentiment.
Dhanlaxmi Crop Science IPO Lot Size : Retain Minimum is 1 lot (2,000 shares) amounting to ₹110,000. Retain Maximum is 1 lot (2,000 shares) amounting to ₹110,000. SHNI Minimum is 2 lots (4,000 shares) amounting to ₹220,000.
The Lead Managers for Dhanlaxmi Crop Science IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Finshore Management Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Mnm Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Dhanlaxmi Crop Science Limited RHP.
Dhanlaxmi Crop Science IPO Details
Dhanlaxmi Crop Science IPO Subscription
Dhanlaxmi Crop Science IPO Application Wise Breakup
Dhanlaxmi Crop Science IPO Dates
- 09 Dec 2024Opening dateOPD
- 11 Dec 2024Closing dateCOD
- 12 Dec 2024Allotment Date BOA
- 13 Dec 2024Initiation of RefundsIOR
- 13 Dec 2024Credit of SharesCOS
- 16 Dec 2024Listing dateLID
Dhanlaxmi Crop Science IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 2000 | ₹110,000 |
| Retain Maximum | 1 | 2000 | ₹110,000 |
| SHNI Minimum | 2 | 4000 | ₹220,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Dhanlaxmi Crop Science IPO Reservation
Promoter Holding
Dhanlaxmi Crop Science IPO Valuations
Dhanlaxmi Crop Science Financial Information
Dhanlaxmi Crop Science Ltd's revenue increased by 36.68% and profit after tax (PAT) rose by 55.35% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 and Surplus | 712.07 | 739.63 | 439.76 |
| Total Borrowing | 104.24 | 258.32 | 913.16 |
| Amount in ₹ Lakhs | |||
About Dhanlaxmi Crop Science IPO
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for a range of field crops and vegetables.
The Company integrates traditional breeding techniques with biotechnology tools and seek to produce hybrid and open pollinated variety field crops and vegetable seeds that deliver higher yields, enhanced product quality and higher levels of pest and disease tolerance over naturally occurring varieties.
The Company produced, as of March 31, 2024, seeds for 24 different field crops and vegetables and have operations in 5 states across India. The sale of cotton seeds contributes the majority of their revenue from operations, contributing 76.78%, 71.47% and 64.73% of the revenue from operations in Fiscal 2024, 2023 and 2022.
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 in one premise.
- 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.
Strength Of Dhanlaxmi Crop Science IPO
1. A state-of-the-art seed processing unit with an in-house warehouse ensures efficient operations and quality preservation.
2. A wide range of consistently high-quality field crop and vegetable seeds caters to varied agricultural needs.
3. Advanced research and breeding techniques drive innovation and superior seed performance.
Risk Of Dhanlaxmi Crop Science IPO
1. Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
2. We are highly dependent on the sale of cotton seeds and our business is exposed to risks related to product concentration, which could materially and adversely affect our business, financial condition, results of operations, and prospects.
3. We are dependent on the success of our research and development activities and a failure to develop new and improved products could adversely affect our business.
4. Substantial portion of our revenues has been dependent upon few customers. The loss of any one or more of our major customers would have a material effect on our business operations and profitability.
5. The average cost of acquisition of Equity Shares by our Promoters is lower than the Issue Price.
6. Our Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.
7. We have issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.
8. Weather conditions, crop diseases and pest attacks could adversely affect the production of our seed products, as well as the demand for our seed products, which may adversely affect our business, financial condition, results of operations and prospects.
9. We rely on third-party farmers who assist us in growing seeds to produce our seeds, and any problems with such Seed Grower/Organizer may negatively affect our sales, cash flows from operations and results of operations, and may further expose us to reputational risk.
10. Our inability to consistently meet the expectations of our end consumers could materially and adversely affect our business, results of operations, financial condition and prospects.
Objectives Dhanlaxmi Crop Science IPO
- To meet Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
Company Contact Details
Dhanlaxmi Crop Science Ltd
Survey No. 24, Opp. Arts and Commence College,
Shamlaji High Way, N.H. No.8,
Motipura, Sabar Kantha, Himatnagar, - 383001
Phone: +91 27 7224 4033
Email: cs@dhanlaxmiseeds.com
Website: https://dhanlaxmiseeds.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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