IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size43,28,000 shares (aggregating up to ₹23.80 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 09 Dec 2024
Subscription CloseWed, 11 Dec 2024
Anchor AllotmentSun, 08 Dec 2024
Basis of AllotmentThu, 12 Dec 2024
Initiation of RefundsFri, 13 Dec 2024
Credit of Shares to DematFri, 13 Dec 2024
Listing DateMon, 16 Dec 2024
UPI Mandate Deadline2024-12-11
Application & Investment Details
Retail — Min (1 Lots)₹1,10,000 — 2,000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)₹2,20,000 — 4,000 shares
EPS (Pre-IPO)₹3.88
EPS (Post-IPO)₹10.05
P/E Ratio (Pre-IPO)14.18x
P/E Ratio (Post-IPO)5.47x
Net Offer to Public41,10,000 shares (aggregating up to ₹22.61 Cr)
Reserved for Market Maker2,18,000 shares (aggregating up to ₹1.20 Cr)
Pre-IPO Promoter Holding1,20,00,000 shares
Post-IPO Promoter Holding1,63,28,000 shares
About Dhanlaxmi Crop Science Ltd
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables.The company integrates traditional breeding techniques with biotechnological tools and strives to produce hybrid and open-pollinated varieties of field crops and vegetable seeds that offer higher yields, better product quality, and a higher level of tolerance to pests and diseases compared to naturally occurring varieties.As of March 31, 2024, the company produced seeds for 24 different crops and vegetables and operated in 5 states in India. The sale of cotton seeds accounts for the major portion of the operating profit and contributed 76.78%, 71.47%, and 64.73% to the operating profit in FY 2024, FY 2023, and FY 2022, respectively.The Products Portfolio: 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.&Their Competitive Strenght:Integrated seed processing unit with warehouse facility on one premises.Wide range of products backed by consistent qualityOur Research & Development CapabilitiesEstablished brandCustomer satisfaction and revenues from long-standing customer relationshipsExperienced Promoter and Management ExpertiseProven track record of robust financial performance.As of December 2, 2024, the company has 56 employees.
Objects of the Issue
Dhanlaxmi Crop Science Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet Working Capital Requirements
2
To meet the Issue Expenses
3
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,20,00,000 shares
Post-IPO Promoter Holding
1,63,28,000 shares