Dhanlaxmi Crop Science IPO

NiftyTrader • December 4, 2024

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Dhanlaxmi Crop Science IPO opens for subscription on December 9, 2024 and closes on December 11, 2024. The allotment for the Dhanlaxmi Crop Science IPO is expected to be finalized on Thursday, December 12, 2024. Dhanlaxmi Crop Science IPO will list on NSE SME with tentative listing date fixed as Monday, December 16, 2024.

Dhanlaxmi Crop Science IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.

Dhanlaxmi Crop Science IPO is a book built issue of Rs 23.80 crores. The issue is entirely a fresh issue of 43.28 lakh shares.

Dhanlaxmi Crop Science IPO Details

IPO Date	December 9, 2024 to December 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	12,000,000
Share holding post issue	16,328,000
Market Maker portion	218,000 shares

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
S-HNI (Min)	2	4000	₹220,000

Dhanlaxmi Crop Science IPO Objectives

The Objects of the Issue are:

To meet Working Capital Requirements
To meet the Issue Expenses
General Corporate Purposes

About Dhanlaxmi Crop Science

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.

Dhanlaxmi Crop Science Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,137.91	3,496.15	2,002.73	2,086.33
Revenue	11,996.26	6,375.08	4,664.17	3,543.08
Profit After Tax	820.81	465.36	299.55	158.28
Net Worth	2,432.3	1,612.07	1,139.63	617.26
Reserves and Surplus	1,232.3	712.07	739.63	439.76
Total Borrowing	768.61	104.24	258.32	913.16
				Amount in ₹ Lakhs

Dhanlaxmi Crop Science IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
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 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
A 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