Dhanlaxmi Crop Science Limited
IPO Details
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Company Fin.
₹50(90.91%)
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Dhanlaxmi Crop Science Limited's successfully completed its Initial Public Offering and commenced trading on Dec 16, 2024 at the NSE exchange. The company raised 43,28,000 Shares through this public offering, comprising 43,28,000 Shares in fresh capital.
The IPO was priced within the band of ₹52 to ₹55, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Dec 09, 2024 to Dec 11, 2024.
Share allotment was finalized on Dec 12, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Dhanlaxmi Crop Science, incorporated in 2005, is a technology-driven seeds company specializing in the development, production, processing, and sale of seeds for 24 field crops and vegetables. Combining traditional breeding methods with advanced biotechnology, the company produces hybrid and open-pollinated variety seeds with higher yields, improved quality, and enhanced pest and disease resistance. Operating across five Indian states, it is a leading player in cotton seeds, which contributed 76.78%, 71.47%, and 64.73% of its revenue in FY 2024, 2023, and 2022, respectively. Its diverse portfolio includes seeds for cotton, wheat, cumin, bajra, maize, gram, okra, green gram, soybean, mustard, groundnut, jowar, onion, and more. As of December 2, 2024, Dhanlaxmi Crop Science employed 56 individuals, supporting its mission to provide innovative and high-quality agricultural solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Seed Processing & Storage: State-of-the-art unit with in-house warehousing ensures efficiency and quality preservation.
- Diverse Product Portfolio: Offers a wide range of high-quality field crop and vegetable seeds for varied agricultural needs.
- Strong R&D Capabilities: Advanced research and breeding techniques drive innovation and superior seed performance.
- Legal Risks: Ongoing proceedings involving the company, its directors, promoters, and group entities could adversely impact financial performance.
- Product Concentration Risk: Heavy reliance on cotton seed sales exposes the company to revenue and growth vulnerabilities.
- R&D Dependence: Success depends on effective research and development; failure to innovate may hinder business growth.
- Mr. Kamleshkumar Jayantilal Patel
- Mr. Alpeshbhai Jayantibhai Patel
- Mr. Meet Kamleshkumar Patel
Dhanlaxmi Crop Science Limited
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