Dhanlaxmi Crop Science IPO

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

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.

Dhanlaxmi Crop Science IPO Objectives

The Objects of the Issue are:

1. To meet Working Capital Requirements
2. To meet the Issue Expenses
3. 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 

Dhanlaxmi Crop Science IPO Reservation

Dhanlaxmi Crop Science IPO Timeline (Tentative Schedule)

Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024.