Dhanlaxmi Crop Science Ltd. was incorporated on November 28, 2005. The company is a technology-driven seed producer with over 18 years of experience in the Indian seed industry. Combining traditional breeding with biotechnology, it develops hybrid and open-pollinated seeds for field crops and vegetables, offering higher yields, improved quality, and enhanced pest and disease tolerance
| Bidding Dates |
|---|
| 09 Dec 2024 - 11 Dec 2024 |
| Subscription |
|---|
| 565.01x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,04,000 | 1 | 1 | 2000 | 4.3 M | ₹52 - ₹55 | 56.37 % | ₹225.1 M - ₹238.0 M | RHP DOC |
Dhanlaxmi Crop Science Ltd. IPO SUBSCRIPTION STATUS
11 Dec '24Dhanlaxmi Crop Science Ltd. IPO overall subscription rate was 565.01 times the total available shares
Dhanlaxmi Crop Science Ltd. IPO retail subscription rate was 738.4 times in the retail segment
Dhanlaxmi Crop Science Ltd. IPO non-institutional investor subscription rate was 1722.92 times in the non-institutional investor category
Dhanlaxmi Crop Science Ltd. IPO Qualified Institutional Bidder subscription rate was 96.27 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
11 Dec 2024 (Day 3) | 738.4x | 1722.92x | 96.27x |
10 Dec 2024 (Day 2) | 137.25x | 88.92x | 0.66x |
09 Dec 2024 (Day 1) | 40.62x | 18x | 0.64x |
Dhanlaxmi Crop Science Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 82.1 | 1199.5 | -70.1 | -72.1 | 9.5% |
| FY24 | 46.5 | 637.1 | 0.8 | -3.8 | 10.7% |
| FY23 | 30.0 | 466.1 | 63.0 | 62.8 | 9.6% |
| FY22 | 5.8 | 354.3 | 20.3 | 20.3 | 4.3% |
Dhanlaxmi Crop Science Ltd. IPO SUBSCRIPTION STATUS DETAILS
Dhanlaxmi Crop Science Ltd. had 4.3 M shares on offer
Dhanlaxmi Crop Science Ltd. IPO offer price was in the range ₹52 - ₹55
Dhanlaxmi Crop Science Ltd. IPO minimum Investment was ₹104000
Dhanlaxmi Crop Science Ltd. IPO issue size was ₹ 225.1 M - ₹ 238.0 M
Dhanlaxmi Crop Science Ltd. had a minimum lot size of 2000 Shares per application
Dhanlaxmi Crop Science Ltd. NUMBER OF SHARES ON OFFER
Dhanlaxmi Crop Science Ltd. IPO IMPORTANT DATES
| Issue Open Date | 09 Dec 2024 |
| Issue close Date | 11 Dec 2024 |
| Allotment Date | 12 Dec 2024 |
| Refund Date | 13 Dec 2024 |
| Demat Account Credit Date | 13 Dec 2024 |
| Listing Date | 16 Dec 2024 |
| Listing on Exchange(s) | NSE |
| Dhanlaxmi Crop Science Ltd. Allotment Status | Exchange |
Dhanlaxmi Crop Science Ltd. IPO subscription opened on 09 Dec 2024, and closed on 11 Dec 2024
IPO allotment for Dhanlaxmi Crop Science Ltd. was finalized on Thursday, 12 Dec 2024
IPO listing for Dhanlaxmi Crop Science Ltd. was on NSE on Monday, 16 Dec 2024
Dhanlaxmi Crop Science Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 55.0 |
| Listing Open Price | 104.5 |
| Listing Close Price | 109.7 |
| Listing Gain% | 90.0% |
| Current Gain% | -53.6% |
Dhanlaxmi Crop Science Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dhanlaxmi Crop Science Ltd. | 25.5 | 41.6 | -84.7 | 0.8 | 1.1 | -1.1 | -0.8 | 38.1 | -70.6 | -0.5 | -105.7 | -0.3 | -105.7 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
Dhanlaxmi Crop Science Ltd. INFORMATION ON IPO ISSUE
About Dhanlaxmi Crop Science Ltd.
Dhanlaxmi Crop Science Ltd. was incorporated on November 28, 2005. The company is a technology-driven seed producer with over 18 years of experience in the Indian seed industry. Combining traditional breeding with biotechnology, it develops hybrid and open-pollinated seeds for field crops and vegetables, offering higher yields, improved quality, and enhanced pest and disease tolerance
Object of the Issue
- To meet working capital requirements
- To meet the issue expenses
- General corporate purposes
Dhanlaxmi Crop Science Ltd. - PROMOTERS
| Name |
|---|
| Kamleshkumar Jayantilal Patel |
| Alpeshbhai Jayantibhai Patel |
| Meet Kamleshkumar Patel |
Dhanlaxmi Crop Science Ltd. Lead Manager of the Issue
Finshore Management Services Limited
info@finshoregroup.com
Dhanlaxmi Crop Science Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Dhanlaxmi Crop Science Ltd. Strengths
Integrated seed processing unit
The company's seed processing unit features advanced sorting, grading, and packing machines, along with warehousing facilities for seed storage
Range of products
The company provides a diverse range of seeds, including major Indian field crops like cotton, maize, wheat, bajra, and cumin, while regularly introducing new variants to meet customer needs
R & D capabilities
The company has a skilled R&D team supported by 16 acres of farmland and advanced lab facilities, positioning it as a competitive player in the industry
Dhanlaxmi Crop Science Ltd. Risks
Rely on cotton seed sales
The company's reliance on cotton seed sales exposes it to product concentration risks, potentially impacting its business, financial condition, and prospects
Impact of weather
Adverse weather, crop diseases, and pest attacks may impact seed production and demand, negatively affecting the company's business, financial condition, and prospects
Dependence on third-party farmers
The company depends on third-party farmers for seed production. Issues with these farmers could impact sales, operations, and reputation
IPO FAQs
The promoters of the company are Kamleshkumar Jayantilal Patel, Alpeshbhai Jayantibhai Patel and Meet Kamleshkumar Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 52.0 - 55.0.
The IPO application opens on Dec 09, 2024 and closes on Dec 11, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 104,000.0, the maximum value for this IPO is Rs 110,000.0.
This IPO will be allotted on Dec 12, 2024.
The refund will be credited to your account on Dec 13, 2024.
The allotted shares will be credited to your demat on Dec 13, 2024.
Dhanlaxmi Crop Science Ltd.’s shares listed on the stock exchanges on Dec 16, 2024.