Dhanlaxmi Crop Science IPO Overview

Dhanlaxmi Crop Science Limited is launching its Initial Public Offering (IPO), a book-built issue of Rs 23.80 crores, consisting entirely of a fresh issue of 43.28 lakh shares. The IPO opens for subscription from December 9, 2024 and closes on December 11, 2024, with the allotment date set for December 12, 2024. The company's shares are expected to be listed on the NSE SME platform with a tentative listing date of December 16, 2024.

The price band for the IPO has been set between ₹52 and ₹55 per share, and the minimum lot size for retail investors is 2,000 shares, amounting to a minimum investment of ₹110,000. For High Net-Worth Individuals (HNIs), the minimum investment is ₹220,000 (for 4,000 shares).

Company Overview

Dhanlaxmi Crop Science Ltd was incorporated in 2005 and is a technology-driven seeds company that focuses on the development, production, processing, and sale of seeds for various field crops and vegetables. The company uses a blend of traditional breeding techniques and biotechnological tools to create hybrid and open-pollinated varieties of seeds that offer better yields, quality, and resistance to pests and diseases compared to natural seed varieties.

As of March 31, 2024, the company was involved in the production of seeds for 24 different crops and vegetables, including cotton, wheat, maize, gram, and soybeans, and operates in five states across India.

Key Product Portfolio

The company offers a wide range of seeds, including those for:

• Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, Soyabean, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Onion, and many others.

Revenue Breakdown

A significant portion of Dhanlaxmi Crop Science’s operating profit comes from cotton seeds, which contributed 76.78%, 71.47%, and 64.73% of the operating profit in FY 2024, FY 2023, and FY 2022, respectively.

Competitive Strengths

Dhanlaxmi Crop Science has several competitive advantages, such as:

• Integrated seed processing unit with warehouse facilities on a single premise.
• Wide range of products backed by consistent quality.
• Strong Research & Development capabilities.
• Established brand and long-standing customer relationships.
• Proven financial performance, with robust growth in recent years.

IPO Subscription Details

• Opening Date: December 9, 2024
• Closing Date: December 11, 2024
• Price Band: ₹52 - ₹55 per share
• Lot Size: 2,000 shares (minimum investment ₹110,000)
• HNI Lot Size: 4,000 shares (minimum investment ₹220,000)
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Mnm Stock Broking
• Lead Manager: Finshore Management Services Limited

The Upcoming IPOs in this week and coming weeks are Emerald Tyre Manufacturers, Dhanlaxmi Corp, Jungle Camps, Purple United, Rosmerta Digital and Avanse Financial. The Current active IPO is Nisus Finance.For more details on upcoming IPOs, you can visit our page at Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and stay updated with the latest news on IPO updates on Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in Choice Broking FinX.