Dhanlaxmi Crop Science Ltd IPO: Full Details, Dates, GMP, and Financials
The Dhanlaxmi Crop Science Ltd IPO is set to open for subscription on December 9, 2024, and will close on December 11, 2024. This IPO is a book-built issue worth ₹23.80 crores and consists entirely of a fresh issue of 43.28 lakh shares. With a focus on technology-driven seed production, the company offers an exciting investment opportunity.
IPOs, like the upcoming Dhanlaxmi Crop Science Ltd IPO, are excellent opportunities for investors to participate in a company’s growth. To understand how IPOs differ from other fundraising methods like Offers for Sale (OFS), check out our detailed guide on OFS vs. IPO differences.
Let’s explore the key details, price band, lot size, GMP updates, and financials of Dhanlaxmi Crop Science IPO.
Dhanlaxmi Crop Science IPO Key Details
| Particulars | Details |
|---|---|
| IPO Date | December 9-11, 2024 |
| Price Band | ₹52 to ₹55 per share |
| IPO Size | ₹23.80 Crores (Fresh Issue) |
| Lot Size | 2000 Shares |
| Minimum Investment | ₹110,000 for Retail Investors |
| Listing Exchange | NSE SME |
| Face Value | ₹10 per share |
| Listing Date | December 16, 2024 (Tentative) |
Dhanlaxmi Crop Science IPO Timeline
- Subscription Open: December 9, 2024
- Subscription Close: December 11, 2024
- Allotment Finalization: December 12, 2024
- Refund Initiation: December 13, 2024
- Shares in Demat: December 13, 2024
- Listing Date: December 16, 2024
Dhanlaxmi Crop Science IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereafter.
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4000 | ₹220,000 |
IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investors | 11,58,000 | 26.76% |
| Market Maker | 2,18,000 | 5.04% |
| Qualified Institutional Buyers (QIB) | 7,72,000 | 17.84% |
| Non-Institutional Investors (NII) | 6,58,000 | 15.2% |
| Retail Investors | 15,22,000 | 35.17% |
About Dhanlaxmi Crop Science Ltd
Founded in 2005, Dhanlaxmi Crop Science Ltd is a leading technology-driven seed company in India. The company focuses on developing, producing, and marketing seeds for various field crops and vegetables, leveraging both traditional breeding and biotechnological tools.
Key Products:
Dhanlaxmi’s product portfolio includes hybrid and open-pollinated seeds for:
- Field Crops: Cotton, Wheat, Maize, Bajra, Gram, SSG, Soyabean, Mustard, Groundnut, and more.
- Vegetable Seeds: Okra, Onion, Green Pea, Coriander, and others.
Competitive Strengths:
- Integrated seed processing unit with warehouse facilities.
- Wide product portfolio with consistent quality.
- Strong Research & Development capabilities.
- Established brand with customer satisfaction.
- Robust financial performance and experienced leadership.
Company Financials
Dhanlaxmi Crop Science has shown strong growth, with revenue increasing 37% and profit rising 55% between FY23 and FY24.
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr) | 5,137.91 | 3,496.15 | 2,002.73 | 2,086.33 |
| Revenue (₹ Cr) | 11,996.26 | 6,375.08 | 4,664.17 | 3,543.08 |
| Profit After Tax (₹ Cr) | 820.81 | 465.36 | 299.55 | 58.28 |
| Net Worth (₹ Cr) | 2,432.3 | 1,612.07 | 1,139.63 | 617.26 |
Why Should You Invest in Dhanlaxmi Crop Science IPO?
- Strong Financials: Consistent revenue and profit growth.
- Rising Demand for Hybrid Seeds: The company serves the growing agriculture sector in India.
- Established Market Presence: Operations in 5 states with a wide range of products.
- Experienced Management: Promoters bring decades of expertise in the seed industry.
For investors exploring ways to maximize gains post-listing, strategies like IPO flipping can be considered. Learn more about how IPO flipping works and its pros and cons in our detailed guide on IPO flipping.
Dhanlaxmi Crop Science IPO GMP (Grey Market Premium)
The GMP reflects the premium price buyers are willing to pay in the unofficial market. It indicates investor sentiment and demand for the IPO before listing. As per current updates, the GMP for Dhanlaxmi Crop Science IPO is trending positively.
The Grey Market Premium (GMP) is often a key indicator for investors to gauge demand before the IPO listing. Stay updated with the latest GMP trends for IPOs, including Dhanlaxmi Crop Science Ltd, by visiting our blog on IPO GMP Grey Market Premium.
(Note: GMP is subject to market fluctuations. Check live updates for accuracy.)
Conclusion:
The Dhanlaxmi Crop Science IPO presents a solid investment opportunity, especially for investors looking to gain exposure to the agriculture and seeds sector. With competitive strengths, strong financials, and an established market presence, Dhanlaxmi Crop Science Ltd is well-positioned for growth.
FAQs:
1. What is the price band for Dhanlaxmi Crop Science IPO?
The price band is set between ₹52 to ₹55 per share.
2. When will Dhanlaxmi Crop Science IPO open for subscription?
The IPO will open on December 9, 2024, and close on December 11, 2024.
3. What is the minimum investment required for Dhanlaxmi Crop Science IPO?
Retail investors need to invest a minimum of ₹110,000 for 2000 shares.
4. On which exchange will Dhanlaxmi Crop Science IPO be listed?
The IPO will be listed on the NSE SME platform.
5. What are the financial highlights of Dhanlaxmi Crop Science Ltd?
The company reported a revenue of ₹11,996.26 lakhs and a net profit of ₹820.81 lakhs as of September 30, 2024.
For more IPO updates and insights on investment opportunities like bonds, asset leasing, and invoice discounting, visit Tap Invest!
