- IPO Size: Fresh issue of 43.28 lakh shares worth ₹23.80 crore.
- Price Band: ₹52 to ₹55 per share.
- Subscription Dates: December 9-11, 2024.
- Listing Platform: NSE SME.
- Utilization of Funds: Working capital, issue expenses, and corporate purposes.
- Promoters: Kamleshkumar Patel, Alpeshbhai Patel, and Meet Patel.
Dhanlaxmi Crop Science Ltd is set to launch its Initial Public Offering (IPO) worth ₹23.80 crore. The issue, scheduled from December 9, 2024, to December 11, 2024, is entirely a fresh issue of 43.28 lakh shares. The IPO will list on the NSE SME, with a tentative listing date of December 16, 2024.
The IPO price band is fixed at ₹52 to ₹55 per share, and investors can apply in a minimum lot of 2,000 shares, requiring a retail investment of ₹1,10,000. For High Net-worth Individuals (HNIs), the minimum application size is two lots (4,000 shares), amounting to ₹2,20,000.
The funds raised will be utilized to meet working capital requirements, issue-related expenses, and for general corporate purposes.
Dhanlaxmi Crop Science IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | December 9, 2024 |
| IPO Close Date | December 11, 2024 |
| Price Band | ₹52 to ₹55 per share |
| Face Value | ₹10 per share |
| Lot Size | 2,000 shares |
| Total Issue Size | 43.28 lakh shares (₹23.80 crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker Portion | 2.18 lakh shares |
Dhanlaxmi Crop Science IPO Timeline with Day Names (Tentative)
| Event | Date and Day |
|---|---|
| IPO Open Date | Monday, December 9, 2024 |
| IPO Close Date | Wednesday, December 11, 2024 |
| Basis of Allotment | Thursday, December 12, 2024 |
| Refund Initiation | Friday, December 13, 2024 |
| Shares Credited to Demat | Friday, December 13, 2024 |
| Listing Date | Monday, December 16, 2024 |
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Dhanlaxmi Crop Science IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the net issue |
| Retail | Not less than 35% of the net issue |
| NII (HNI) | Not less than 15% of the net issue |
About Dhanlaxmi Crop Science Ltd
Founded in 2005, Dhanlaxmi Crop Science Ltd is a seeds company that develops, produces, and sells high-quality seeds for field crops and vegetables. The company uses a mix of traditional farming methods and biotechnology to create seeds that give better yields, resist pests, and improve quality.
By March 31, 2024, the company was working across five states in India and producing seeds for 24 different crops and vegetables. Cotton seeds play a big role in its success, contributing 76.78% of operating profit in FY 2024, 71.47% in FY 2023, and 64.73% in FY 2022.
Dhanlaxmi Crop Science IPO Key Financials (₹ in Lakhs)
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 5,137.91 | 3,496.15 | 2,002.73 | 2,086.33 |
| Revenue | 11,996.26 | 6,375.08 | 4,664.17 | 3,543.08 |
| Profit After Tax | 820.81 | 465.36 | 299.55 | 58.28 |
| Net Worth | 2,432.30 | 1,612.07 | 1,139.63 | 617.26 |
| Reserves & Surplus | 1,232.30 | 712.07 | 739.63 | 439.76 |
| Total Borrowing | 768.61 | 104.24 | 258.32 | 913.16 |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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