Dhanlaxmi Crop Science IPO
IPO Listing Details
- Listing Date
16 Dec 2024
- Listing Price
₹ 104.50
- Listing Change
90.00%
- Last Traded Price
₹ 75.50
IPO Details
- Open Date
09 Dec 2024
- Close Date
11 Dec 2024
- IPO Price Range
₹ 52 - ₹ 55
- IPO Size
₹ 23.80 Cr
- Listing Exchange
NSE SME
- Listing Date
16 Dec 2024
IPO Timeline
Dhanlaxmi Crop Science IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 9-Dec-24 | 0.00 | 2.36 | 6.26 | 3.75 |
| 10-Dec-24 | 1.35 | 64.02 | 100.60 | 66.49 |
| 11-Dec-24 | 1,241.27 | 1,241.27 | 441.18 | 555.83 |
Last Updated: 11 December 2024 6:00 PM by 5Paisa
Dhanlaxmi Crop Science IPO is set to open on 9 December 2024 and will close on 11 December 2024. Dhanlaxmi Crop Science specialises in the development, production, and sale of seeds for various field crops and vegetables.
The IPO is a fresh issue of 0.43 Cr shares aggregating to ₹23.80 Cr. The price range is set between ₹52 to ₹55 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalised on 12 December 2024. It will go public on NSE SME, with a tentative listing date of 16 December 2024.
Finshore Management Services Ltd is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Dhanlaxmi Crop Science IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹23.80 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹23.80 Cr |
Dhanlaxmi Crop Science IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Dhanlaxmi Crop Science IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 197.65 | 7,72,000 | 15,25,82,000 | 839.20 |
| NII (HNI) | 1,241.27 | 6,58,000 | 81,67,56,000 | 4,492.16 |
| Retail | 441.18 | 15,22,000 | 67,14,72,000 | 3,693.10 |
| Total | 555.83 | 29,52,000 | 1,64,08,10,000 | 9,024.46 |
Dhanlaxmi Crop Science IPO Anchor Allocation
| Anchor Bid Date | 6 December, 2024 |
| Shares Offered | 1,158,000 |
| Anchor portion Size (In ₹ Cr.) | 6.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | 11 January, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 12 March, 2025 |
1. To meet Working Capital Requirements
2. To meet the Issue Expenses
3. General Corporate Purposes
Dhanlaxmi Crop Science, founded in 2005, is a technology-driven seed company specializing in the development, production, and sale of seeds for various field crops and vegetables. The company blends traditional breeding techniques with biotechnological tools to create hybrid and open-pollinated varieties that deliver higher yields, superior quality, and better resistance to pests and diseases. Operating in five Indian states, the company produced seeds for 24 crops and vegetables as of March 31, 2024, with cotton seeds contributing significantly to profits—76.78% in FY 2024, 71.47% in FY 2023, and 64.73% in FY 2022.
Its diverse product portfolio includes seeds for cotton, wheat, maize, cumin, okra, mustard, onion, and more. Key strengths include an integrated seed processing unit with warehouse facilities, strong research and development capabilities, consistent product quality, an established brand, and a loyal customer base. Backed by an experienced management team, Dhanlaxmi boasts a robust financial track record.
Peers
Mangalam Seeds Limited
Upsurge Seeds of Agriculture Limited
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 63.75 | 46.64 | 35.43 |
| EBITDA | 6.81 | 4.46 | 1.53 |
| PAT | 4.65 | 3.00 | 0.58 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 34.96 | 20.03 | 20.86 |
| Share Capital | 9.00 | 4.00 | 1.78 |
| Total Borrowings | 1.04 | 2.58 | 9.13 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.08 | 6.30 | 2.03 |
| Net Cash Generated From / (used in) Investing Activities | -0.46 | - | - |
| Net Cash Generated From / (used in) financing activities | -1.75 | -4.51 | -1.20 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -2.13 | 1.79 | 0.83 |
Strengths
1. Integrated seed processing unit with advanced warehouse facilities for efficient operations.
2. Diverse product portfolio catering to 24 crops, ensuring market adaptability and growth potential.
3. Strong R&D capabilities combining traditional breeding with biotechnology for superior seed quality.
4. Established brand with high customer satisfaction and long-standing client relationships.
5. Proven financial performance driven by consistent demand and profitability from cotton seed sales.
Risks
1. High dependency on cotton seeds, contributing over 60% of operating profit annually.
2. Limited geographical presence, operating only in five Indian states.
3. Vulnerable to unpredictable climatic conditions affecting crop yield and profitability.
4. Intense competition from established seed companies and multinational corporations.
5. Regulatory challenges in the agriculture sector impacting product approvals and operations.
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FAQs
Dhanlaxmi Crop Science IPO opens from 9 December to 11 December 2024.
The size of Dhanlaxmi Crop Science IPO is ₹23.80 Cr.
The price of Dhanlaxmi Crop Science IPO is fixed at ₹52 to ₹55 per share.
To apply for Dhanlaxmi Crop Science IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Dhanlaxmi Crop Science IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Dhanlaxmi Crop Science IPO is 2000 shares and the investment required is ₹110,000.
The share allotment date of Dhanlaxmi Crop Science IPO is 12 December 2024
The Dhanlaxmi Crop Science IPO will be listed on 16 December 2024.
Finshore Management Services Ltd is the book running lead manager for Dhanlaxmi Crop Science IPO.
Dhanlaxmi Crop Science plans to utilise the raised capital from the IPO for:
To meet Working Capital Requirements
To meet the Issue Expenses
General Corporate Purposes
