Dhanwel Hybrid Seeds
OPENIPO Date: 19 Aug - 21 Aug 2026
Listing Date: 26 Aug 2026
Price Range
₹95 to ₹99
Issue Size
27 Cr
Min Investment
₹1,14,000
Lot Size
1200 Shares
Schedule of Dhanwel Hybrid Seeds
Issue open date
19 Aug 2026
Issue close date
21 Aug 2026
UPI mandate deadline
21 Aug 2026 (5 PM)
Allotment finalization
24 Aug 2026
Share credit
25 Aug 2026
Listing date
26 Aug 2026
Mandate end date
5 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 27 Cr |
| Fresh Issue | 0.27 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 24 Aug 2026 |
| 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 |
|---|---|---|---|
| 19 Aug 2026 | ₹99 | ₹5 | ₹104 (5.05%) |
| 18 Aug 2026 | ₹99 | ₹0 | ₹99 (0%) |
| 17 Aug 2026 | ₹99 | ₹0 | ₹99 (0%) |
| 16 Aug 2026 | ₹99 | ₹0 | ₹99 (0%) |
| 15 Aug 2026 | ₹99 | ₹0 | ₹99 (0%) |
| 14 Aug 2026 | ₹99 | ₹0 | ₹99 (0%) |
Performance Dhanwel Hybrid Seeds
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹95 to ₹99 | .... | .... | .... |
About Dhanwel Hybrid Seeds
Dhanwel Hybrid Seeds Limited is engaged in the manufacturing and supply of seeds for field crops and vegetables, covering seed development, multiplication, processing, quality testing and distribution. The company sources genetic seed material from recognised agricultural institutions, research organisations and the open market, and produces seeds through supervised arrangements with seed-growing farmers. Its processing facility in Jamnagar, Gujarat handles cleaning, grading, treatment, testing, packing and storage. The company markets its products under the “Dhanwel Seeds” brand and follows an integrated seed-production model.
| Founded in | 2018 |
| Managing director | Kishankumar Gordhanbhai Meghani |
| Parent organization |
Financial Overview
Strengths
- Strong recent growth: FY26 revenue reached ₹74.59 Cr, up from ₹44.13 Cr in FY25, while PAT increased to ₹6.12 Cr from ₹2.16 Cr.
- Improving profitability: FY26 EBITDA margin was about 12.38%, PAT margin 8.20%, ROE 31.11% and ROCE 49.36%.
- Diversified seed portfolio: The company operates across field crops, oilseeds, pulses, spices, vegetables and other seed categories, reducing dependence on a single crop.
- Integrated production and quality control: Supervised farmer cultivation combined with in-house processing, testing and packaging provides greater control over seed quality and supply.
Risks
- Weather and agricultural risk: Droughts, floods, irregular rainfall, temperature changes, pests and crop diseases can affect seed production as well as farmers' purchasing capacity.
- Seasonality: Seed demand is linked to crop cycles and sowing seasons, which can make revenue and cash flows uneven during the year.
- Customer concentration: A significant portion of revenue comes from major customers, so losing a large customer could materially affect sales.
- Competition and scale: Dhanwel is much smaller than established seed companies and faces competition from larger players with stronger brands, distribution networks and R&D capabilities.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 0.02 |
| Retail Individual Investors (RIIs) | 0.16 |
| Employee | N/A |
| Total | 0.09 |