Dhanlaxmi Crop Science IPO
- IPO Date09 Dec, 2024 to 11 Dec, 2024
- Listing Date16 Dec, 2024
- Face Value₹10 per share
- Issue Price₹52 to ₹55 per share
- Lot Size2000 Shares
- Minimum Investment₹1,10,000
- Listing AtNSE SME
- Total Issue Size43,28,000 Shares
(aggregating up to ₹23.80 Cr) - Fresh Issue43,28,000 Shares
(aggregating up to ₹23.80 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,20,00,000
- Shareholding post issue1,63,28,000
IPO Dates
Closing Date
11 Dec, 2024
Initiation of Refunds
13 Dec, 2024
Listing Date
16 Dec, 2024
09 Dec, 2024
Opening Date
12 Dec, 2024
Basis of Allotment
13 Dec, 2024
Credit of Shares
Dhanlaxmi Crop Science Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1000 | ₹1,10,000 |
| Retail (Min) | 1 | 1000 | ₹1,10,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,20,000 |
| S-HNI (Max) | - | - | - |
Dhanlaxmi Crop Science Promoter Holding
Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel and Mr. Meet Kamleshkumar Patel are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 76.7% | 56.37% |
Dhanlaxmi Crop Science COMPANY INFORMATION
Dhanlaxmi Crop Science IPO is a book built issue of Rs 23.80 crores. The issue is entirely a fresh issue of 43.28 lakh shares. Dhanlaxmi Crop Science IPO opens for subscription on December 9, 2024 and closes on December 11, 2024. The allotment for the Dhanlaxmi Crop Science IPO is expected to be finalized on Thursday, December 12, 2024. Dhanlaxmi Crop Science IPO will list on NSE SME with tentative listing date fixed as Monday, December 16, 2024. Dhanlaxmi Crop Science IPO price band is set at ₹52 to ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000. Finshore Management Services Limited is the book running lead manager of the Dhanlaxmi Crop Science IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Dhanlaxmi Crop Science IPO is Mnm Stock Broking. Refer to Dhanlaxmi Crop Science IPO RHP for detailed information.
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables.
The company integrates traditional breeding techniques with biotechnological tools and strives to produce hybrid and open-pollinated varieties of field crops and vegetable seeds that offer higher yields, better product quality, and a higher level of tolerance to pests and diseases compared to naturally occurring varieties.
As of March 31, 2024, the company produced seeds for 24 different crops and vegetables and operated in 5 states in India. The sale of cotton seeds accounts for the major portion of the operating profit and contributed 76.78%, 71.47%, and 64.73% to the operating profit in FY 2024, FY 2023, and FY 2022, respectively.
The Products Portfolio: Field crop and vegetable seeds for Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, SSG, Soyabean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, Onion etc.&
Their Competitive Strenght:
- Integrated seed processing unit with warehouse facility on one premises.
- Wide range of products backed by consistent quality
- Our Research & Development Capabilities
- Established brand
- Customer satisfaction and revenues from long-standing customer relationships
- Experienced Promoter and Management Expertise
- Proven track record of robust financial performance.
As of December 2, 2024, the company has 56 employees.
Dhanlaxmi Crop Science IPO
IPO Overview and Key Highlights
Dhanlaxmi Crop Science, a player in agrochemical products, is offering its Initial Public Offering (IPO) comprising a fresh issue of up to 43,28,000 equity shares at a face value of Rs 10 per share. The IPO aims to fund working capital needs, operational expansion, and corporate purposes. Shares will be listed on the NSE EMERGE Platform.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 43,28,000 equity shares
- Face Value: Rs 10 per share
- Offer Opens: December 9, 2024
- Offer Closes: December 11, 2024
- Listing Exchange: NSE EMERGE
Company Overview
Founded in 2005 and headquartered in Gujarat, Dhanlaxmi Crop Science specializes in manufacturing and selling agrochemical products such as insecticides, herbicides, and fungicides. The company aims to support sustainable farming practices by providing high-quality crop protection solutions.
Financial Overview
The company has experienced steady financial growth, attributed to its diverse product range and strong market demand. IPO proceeds will strengthen working capital, expand product lines, and enhance market reach.
Key Strengths of Dhanlaxmi Crop Science
- Extensive Product Portfolio: Offers a wide range of crop protection products.
- Strategic Location: Proximity to agricultural markets in Gujarat and neighboring states.
- Sustainable Practices: Focused on eco-friendly agrochemical solutions
IPO Pros and Cons
Pros
- Growing Market: Rising demand for crop protection products in the agricultural sector.
- Operational Focus: Funds will enhance production capacity and product diversification.
- Government Policies: Support for sustainable farming and agrochemical innovations.
Cons
- Regulatory Challenges: Compliance with environmental and agrochemical standards.
- Market Risks: Dependence on agricultural performance and weather conditions.
- First Public Issue: Potential uncertainty in post-listing performance.
Risk Factors
Investors should consider the following risks:
- Economic Dependency: Revenue is tied to agricultural cycles and monsoon performance.
- Operational Challenges: Expansion may lead to increased costs and logistical complexities.
- Competitive Landscape: Intense competition from established and emerging players.
Conclusion
The Dhanlaxmi Crop Science IPO offers investors a chance to enter the agrochemical sector, which is essential to India's agricultural economy. The company’s focus on sustainable practices and operational expansion positions it for growth. However, investors should carefully assess risks, including market dependency and regulatory compliance, before investing.
FAQs About Dhanlaxmi Crop Science Ipo
Dhanlaxmi Crop Science IPO will open on 09 Dec, 2024 and close on 11 Dec, 2024. Investors must apply within this period to participate.
The Dhanlaxmi Crop Science IPO price band is set between ₹52.00 and ₹55.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹110000.00.
The Dhanlaxmi Crop Science IPO shares are expected to be listed on 16 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Dhanlaxmi Crop Science IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Dhanlaxmi Crop Science IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.