Dhanlaxmi Crop Science Ltd

Dhanlaxmi Crop Science Ltd IPO

IPO Price Range: ₹52 - 55

Our Company is a technology driven seeds company that develops, produces, processes and sells seeds for a range of field crops and vegetables, have more than 18 years of experience in the Indian seeds industry. We integratetraditional breeding techniques with biotechnology tools and seek to produce hybrid and open pollinated variety field crops and vegetable seeds that deliver higher yields, enhanced product quality and higher levels of pest and disease tolerance over naturally occurring varieties. Our seeds are suitable for varying agroclimatic conditions, such as water availability, crop duration and soil attributes, across different geographic regions in India.We produced, as of September 30, 2024, seeds for 24 different field crops and vegetables and have operations in 5 states across India. The sale of cotton seeds contributes the majority of our revenue from operations, contributing 95.64%, 76.78%, 71.47% and 64.73% of our revenue from operations in September 30, 2024, Fiscal 2024, 2023 and 2022, respectively. Our product portfolio includes 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. Our research and development activities include conventional breeding programmes and the use of innovative biotechnology tools, which we believe have driven the development of our diverse repository of germplasm, which has enabled us to develop an extensive portfolio of products.

Min Investment

₹1,10,000

IPO Size

₹23 Cr

IPO Status

Closed

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Dhanlaxmi Crop Science Ltd

Open Date9 Dec 2024
Close Date11 Dec 2024
Allotment Date12 Dec 2024
Listing Date16 Dec 2024

IPO subscribed over

🚀 318.4808x

This IPO has been subscribed by 319.1078x in retail and 147.7047x in QIB.

Subscription Rate

Total Subscription318.4808x
Retail Individual Investors319.1078x
Qualified Institutional Buyers147.7047x
Non Institutional Investors622.9088x

Key Statistics

Bid Opening DateBid Opening Date9 Dec 2024
Bid Closing DateBid Closing Date11 Dec 2024
Allotment DateAllotment Date12 Dec 2024
Issue SizeIssue Size₹23.8Cr
Quantity in 1 lotQuantity in 1 lot2000

Strength and risks

Strength

Strength

  • Experienced promoters having deep knowledge to scale up the business.

  • Established and proven track record.

  • Leveraging the experience of its Promoters.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with its customers.

  • Quality Assurance & Control.


Risk

Risk

  • The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • The company is highly dependent on the sale of cotton seeds and its business is exposed to risks related to product concentration, which could materially and adversely affect its business, financial condition, results of operations, and prospects.

  • The company is dependent on the success of its research and development activities and a failures to develop new and improved products could adversely affect the companys business.

  • Substantial portion of its revenues has been dependent upon few customers. The loss of any one or more of its major customers would have a material effect on the companys business operations and profitability.

  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.

  • The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

  • The company has issued Equity Shares in the last 12 (twelve) months at a price which is lower than the Issue Price.

  • Weather conditions, crop diseases and pest attacks could adversely affect the production of its seed products, as well as the demand for the company seed products, which may adversely affect its business, financial condition, results of operations and prospects.

  • The company relies on third-party farmers who assist it in growing seeds to produce its seeds, and any problems with such Seed Grower/Organizer may negatively affect the companys sales, cash flows from operations and results of operations, and may further expose it to reputational risk.

  • Its inability to consistently meet the expectations of the company end consumers could materially and adversely affect its business, results of operations, financial condition and prospects.

Promoters Holding

Investors Holdings %
Kamleshkumar Jayantilal Patel26.25%
Alpeshbhai Jayantibhai Patel23.95%
Meet Kamleshkumar Patel26.5%

About Dhanlaxmi Crop Science Ltd

OrganisationDhanlaxmi Crop Science Ltd
HeadquartersHimmatnagar
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Dhanlaxmi Crop Science Ltd IPO?

    The size of the Dhanlaxmi Crop Science Ltd IPO is ₹23.8Cr .

  • What is 'pre-apply' for Dhanlaxmi Crop Science Ltd IPO?

    'Pre-apply' for Dhanlaxmi Crop Science Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Dhanlaxmi Crop Science Ltd IPO order be placed?

    Your Dhanlaxmi Crop Science Ltd IPO order will be placed on 9 Dec 2024.

  • What are the open and close dates of the Dhanlaxmi Crop Science Ltd IPO?

    The open and close dates of the Dhanlaxmi Crop Science Ltd IPO are 9 Dec 2024 to 11 Dec 2024.

  • What is the lot size and minimum order quantity of the Dhanlaxmi Crop Science Ltd IPO?

    The lot size and minimum order quantity of the Dhanlaxmi Crop Science Ltd IPO are 2000 and 2000 respectively.

  • What would be the listing gains on the Dhanlaxmi Crop Science Ltd IPO?

    The potential listing gains on the Dhanlaxmi Crop Science Ltd IPO will depend on various market factors and cannot be predicted with certainty.