Dhanlaxmi Crop Science IPO - Day 3 Subscription at 133.95 Times

Dhanlaxmi Crop Science's initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 18.98 times on day one, to 67.28 times on day two, and reaching a remarkable 133.95 times by 11:59 AM on the final day.

Dhanlaxmi Crop Science IPO, which opened on 9th December 2024, has seen phenomenal participation across categories. The Non-Institutional Investors segment has shown extraordinary interest reaching 198.79 times subscription, while Retail Investors demonstrated exceptional participation at 169.29 times. The QIB portion secured decent subscription at 9.04 times.
This extraordinary response comes amid positive sentiment in the Indian stock market, particularly towards companies in the agricultural technology sector.

Subscription Status of Dhanlaxmi Crop Science IPO:

*As of 11:59 AM

Here are the subscription details for Dhanlaxmi Crop Science IPO as of Day 3 (11th December 2024, 11:59 AM):
 

Total Applications: 1,37,731

Dhanlaxmi Crop Science IPO Key Highlights:

• Overall subscription soared to extraordinary 133.95 times on final day
• Non-Institutional Investors led with massive 198.79 times subscription, worth ₹719.41 crores
• Retail investors showed exceptional interest with 169.29 times subscription, worth ₹1,417.09 crores
• QIB portion improved significantly to 9.04 times subscription, worth ₹38.39 crores
• Total bids received for 39,54,34,000 shares worth ₹2,174.89 crores
• Applications reached 1,37,731, including 1,28,826 retail investors
• Strong momentum continued across all investor categories
• Final day response indicated overwhelming investor confidence
• Subscription trend showed exceptional market interest

Dhanlaxmi Crop Science IPO - Day 2 Subscription at 67.28 Times

Key Highlights:

• Overall subscription surged to 67.28 times, showing strong momentum
• Retail investors showed robust interest with 102.05 times subscription
• Non-Institutional Investors demonstrated strong participation at 64.22 times
• QIB portion maintained at 1.35 times subscription
• Day two witnessed substantial increase in applications
• Strong momentum building across categories
• Significant improvement in retail and NII segments
• Market response indicated growing investor confidence
• Subscription trend suggested exceptional investor appetite

Dhanlaxmi Crop Science IPO - Day 1 Subscription at 18.98 Times

Key Highlights:

Overall subscription opened strong at 18.98 times
Retail investors led with robust 30.44 times subscription
Non-Institutional Investors showed good interest at 13.22 times
QIB portion started with 1.32 times subscription
Opening day witnessed strong retail response
Initial momentum indicated positive market sentiment
Day one subscription reflected strong investor confidence
Market response suggested a robust appetite
Subscription trend pointed to promising investor interest

About Dhanlaxmi Crop Science Limited

Incorporated in 2005, Dhanlaxmi Crop Science Limited has established itself as a technology-driven seeds company specializing in the development, production, processing, and sale of high-quality seeds for field crops and vegetables. The company has built a strong reputation through its integration of traditional breeding techniques with biotechnology tools, producing hybrid and open-pollinated varieties that offer superior yields and enhanced pest resistance.

Operating across 5 states in India, the company's portfolio encompasses 24 different crops and vegetables, with cotton seeds being a major revenue driver, contributing 76.78% to the operating profit in FY 2024. Their comprehensive product range includes seeds for various crops such as Wheat, Cumin, Bajra, Maize, and vegetables. With 56 employees as of December 2024, the company has demonstrated strong financial performance, achieving 37% revenue growth and 55% PAT increase between FY2023 and FY2024.

Their competitive strengths lie in their integrated seed processing facilities, extensive product range, robust R&D capabilities, and established brand presence. The company's commitment to quality, coupled with long-standing customer relationships and experienced management, has positioned them strongly in the agricultural technology sector.

Highlights of the Dhanlaxmi Crop Science IPO

• IPO type: Book Built Issue
• IPO size: ₹23.80 crores
• Fresh Issue: 43.28 lakh shares
• Face value: ₹10 per share
• Price band: ₹52 to ₹55 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹110,000
• Minimum investment for HNI: ₹220,000 (2 lots)
• Listing at: NSE SME
• IPO opens: December 9, 2024
• IPO closes: December 11, 2024
• Allotment date: December 12, 2024
• Refund initiation: December 13, 2024
• Credit of shares: December 13, 2024
• Listing date: December 16, 2024
• Lead Manager: Finshore Management Services Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Mnm Stock Broking