Dhanlaxmi Crop Science is a technology-driven seeds company. It produces, processes, and sells seeds for different field crops and vegetables. It integrates traditional breeding techniques with biotechnology tools to produce hybrid and open pollinated field crops and vegetables. As of March 31, 2024, it produced 24 different field crops and vegetables in 5 states across the country. It generates majority of revenues from sale of cotton seeds, accounted 77% in Fiscal 2024. Its product portfolio includes cotton seeds, Wheat, Cumin, Bajra, Maize, Gram, Green Gram, SSG, Soyabean, Milky, Groundnut, Black Gram, Guar, Castor, Jowar, Coriander, Green Pea, etc.
Dhanlaxmi Crop Science IPO open date is December 9, 2024 and the IPO will close on December 11, 2024. Dhanlaxmi Crop Science IPO is a Book Built Issue. Dhanlaxmi Crop Science IPO price band is ₹52 to ₹55 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Dhanlaxmi Crop Science IPO to list on NSE on December 16, 2024.
The allotment of Dhanlaxmi Crop Science IPO date is December 12, 2024. The company reported revenue of ₹63.75 crores in 2024 against ₹46.64 crore in 2023. The company reported Profit of ₹4.65 crores in 2024 against Profit of ₹3.00 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Dhanlaxmi Crop Science IPO Details
| IPO Open Date: | December 9, 2024 |
| IPO Close Date: | December 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹52 to ₹55 Per Share |
| Issue Size: | Approx ₹23.80 Crores |
| Fresh Issue: | Approx ₹23.80 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Dhanlaxmi Crop Science IPO Timeline
The Dhanlaxmi Crop Science IPO date is December 9 and the close date is December 11. The Dhanlaxmi Crop Science IPO allotment will be finalized on December 12 and the IPO listing on December 16.
| IPO Open Date: | December 9, 2024 |
| IPO Close Date: | December 11, 2024 |
| Basis of Allotment: | December 12, 2024 |
| Refunds: | December 13, 2024 |
| Credit to Demat Account: | December 13, 2024 |
| IPO Listing Date: | December 16, 2024 |
Dhanlaxmi Crop Science IPO Market Lot
The Dhanlaxmi Crop Science IPO minimum market lot is 2000 shares with ₹110,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2,000 | ₹110,000 |
| Retail Maximum | 1 | 2,000 | ₹110,000 |
| S-HNI Minimum | 2 | 4,000 | ₹220,000 |
Dhanlaxmi Crop Science Ltd: Financial Overview
Dhanlaxmi Crop Science Ltd’s revenue increased by 37% and profit after tax (PAT) rose by 55% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 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 | 2,432.3 | 1,612.07 | 1,139.63 | 617.26 |
| Reserves and Surplus | 1,232.3 | 712.07 | 739.63 | 439.76 |
| Total Borrowing | 768.61 | 104.24 | 258.32 | 913.16 |
