IPO Details
Bidding Dates
09 Dec 24 - 11 Dec 24
Price Range ₹
52 - 55
Total Equity
₹ 23.80Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
09 Dec 2024
Offer end
11 Dec 2024
Allotment
12 Dec 2024
Refund initiation
13 Dec 2024
Demat transfer
13 Dec 2024
Listing
16 Dec 2024
Offer start
09 Dec 2024
Offer end
11 Dec 2024
Allotment
12 Dec 2024
Refund initiation
13 Dec 2024
Demat transfer
13 Dec 2024
Listing
16 Dec 2024
About Company
Established in 2005, Dhanlaxmi Crop Science is a seed company focused on leveraging technology to develop, produce, process, and market seeds for a variety of field crops and vegetables. The company combines traditional breeding methods with biotechnological advancements to create hybrid and open-pollinated seed varieties. These seeds are designed to deliver higher yields, improved quality, and enhanced resistance to pests and diseases compared to natural varieties. As of March 31, 2024, the company offers seeds for 24 different crops and vegetables and operates across five Indian states. Cotton seeds remain a significant contributor to the company’s profits, accounting for 76.78%, 71.47%, and 64.73% of operating profit in FY 2024, FY 2023, and FY 2022, respectively. Product Portfolio: Includes seeds for crops and vegetables like Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, SSG, Soybean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, Onion, and more.
Year Founded
28-11-2005
Promotor Details
Kamleshkumar Jayantilal Patel
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.48 | 73.11 |
| Share Capital | 11937300 | 11937300 |
Offer to Public
43,28,000.00 Cr
Project Details
- Working Capital Requirements - 200.577cr
Objectives
- A. To meet Working Capital RequirementsB. To meet the Issue ExpensesC. General Corporate Purposes
Highlights
- Wide-ranging product portfolio covering 24 crops, enabling market flexibility and growth opportunities
- Robust R&D expertise blending traditional breeding methods with biotechnology to deliver high-quality seeds
- Advanced seed processing unit with modern warehouse facilities to enhance operational efficiency.
- Steady financial growth supported by consistent demand and profitability, especially from cotton seed sales.
- Well-recognized brand with strong customer loyalty and enduring client partnerships.
Challenges
- Limited presence, with operations in only five Indian states
- Exposure to unpredictable weather conditions that can impact crop yields and profits.
- Heavy reliance on cotton seeds, which account for more than 60% of annual operating profit.
- Regulatory hurdles in the agriculture sector affecting product approvals and operations.
- Strong competition from established seed companies and multinational firms.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 3,496.14 | 900.00 | 299.55 | 299.55 | 2.5025 |
| 2022 | 2,086.33 | 177.50 | 58.28 | 58.28 | 1.0972 |
| 2023 | 2,002.74 | 400.00 | 58.28 | 58.28 | 1.0972 |
