Dhanlaxmi Crop Science
CLOSEDIPO Date: 9 Dec - 11 Dec 2024
Listing Date: 16 Dec 2024
Price Range
₹52 - ₹55
Issue Size
23.8 Cr
Min Investment
₹1,04,000
Lot Size
2000 Shares
Schedule of Dhanlaxmi Crop Science
Issue open date
9 Dec 2024
Issue close date
11 Dec 2024
UPI mandate deadline
11 Dec 2024 (5 PM)
Allotment finalization
12 Dec 2024
Share credit
13 Dec 2024
Listing date
16 Dec 2024
Mandate end date
26 Dec 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 23.8 Cr |
| Fresh Issue | 23.8 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 12 Dec 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 17 Dec 2024 | ₹55 | ₹55 | ₹110 (100%) |
Performance Dhanlaxmi Crop Science
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹52 - ₹55 | .... | ₹ 55 | 0.00% |
About Dhanlaxmi Crop Science
Dhanlaxmi Crop Science is a technology-driven seed company specializing in the development, production, processing, and sale of seeds for various field crops and vegetables. Its seeds are designed to adapt to diverse agroclimatic conditions, including water availability, crop duration, and soil types. The product portfolio includes seeds for field crops such as cotton, wheat, maize, gram, mustard, and soybean, as well as vegetable seeds like okra, onion, coriander, and green pea.
| Founded in | 2005 |
| Managing director | Mr. Kamleshkumar Jayantilal Patel |
| Parent organization | Dhanlaxmi Crop Science Ltd |
Financial Overview
Strengths
- The company produced seeds for 24 field crops and vegetables across five Indian states
- Strong R&D with traditional breeding and advanced biotech tools
- Developed successful hybrid seeds like Advance and Agniveer with superior quality and yield
- Processing facility in Gujarat with a capacity of 7.3 MT per hour and 2
- 000 MT storage
- Wide distribution network with 1
- 185 dealers across multiple states
- Consistent revenue and PAT growth from FY22 to FY24
Risks
- Involvement in legal proceedings could harm business prospects
- High reliance on cotton seeds for revenue poses diversification risk
- Dependency on a few major customers increases financial vulnerability
- Weather conditions and crop diseases may impact seed production and demand
- Operations concentrated in Gujarat and Telangana pose regional risk
- Outstanding liabilities of Rs 7.69 crore may affect financial stability
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |