Dhanlaxmi Crop Science Ltd, established in 2005, operates as a technology-driven seed company specializing in hybrid and open-pollinated seed varieties for field crops and vegetables. The company integrates traditional breeding techniques with biotechnology, catering to the agricultural demands of farmers across five Indian states. Its cotton seed portfolio alone contributes significantly to operating profits, underscoring its market position.
With a robust product range and state-of-the-art facilities, the company enjoys a strong foothold in the seeds market. Its R&D capabilities and long-standing customer relationships further strengthen its competitive edge. Explore more about the Dhanlaxmi Crop Science IPO.
Dhanlaxmi Crop Science IPO Details and Objectives
Particulars
| Details
|
IPO Date
| December 9–11, 2024
|
Listing Date
| December 16, 2024 (Tentative)
|
Price Band
| ₹52 to ₹55 per share
|
Issue Size
| ₹23.80 crore
|
Lot Size
| 2000 shares
|
Listing At
| NSE SME
|
Issue Type
| Book Built Issue
|
Fresh Issue
| 4,328,000 shares
|
Purpose of the IPO
- Meet working capital requirements.
- Cover IPO-related expenses.
- Address general corporate purposes.
Timeline of Dhanlaxmi Crop Science IPO
Event
| Date
|
IPO Open Date
| December 9, 2024
|
IPO Close Date
| December 11, 2024
|
Allotment Date
| December 12, 2024
|
Refund Initiation
| December 13, 2024
|
Shares Credited to Demat
| December 13, 2024
|
Listing Date
| December 16, 2024
|
Pricing & Lot Size of Dhanlaxmi Crop Science IPO
Price Band for the IPO
Minimum Lot Size and Application Details
- Minimum investment: ₹110,000 for 2000 shares.
- HNI investment: ₹220,000 for 4000 shares (2 lots).
How to Apply for the Dhanlaxmi Crop Science IPO?
Online Application Process
Log in to Your Trading Account
- Access your Bajaj Broking account using your credentials.
Navigate to the IPO Section
- Click on the 'IPO' option in the main menu to explore available offerings.
Select the Dhanlaxmi Crop Science IPO
- Locate the IPO under the 'Open IPOs' tab and click 'Apply.'
Enter Application Details
- Choose the number of shares in lots.
- Specify the bid price within the given range (₹52–₹55 per share).
Provide Your UPI ID
- Input your UPI ID to authorize the transaction.
- Ensure sufficient balance in your bank account.
Review and Submit
- Confirm your details and submit the application.
- Approve the UPI mandate in your UPI app to finalize your application.
Financial Health and Performance
Key Financial Metrics
- Revenue surged by 37% from ₹4,664.17 lakh (FY 2023) to ₹6,375.08 lakh (FY 2024).
- Profit After Tax (PAT) increased by an impressive 55%, reaching ₹465.36 lakh in FY 2024 compared to ₹299.55 lakh in FY 2023.
- Total assets grew to ₹5,137.91 lakh as of September 30, 2024, marking consistent financial growth.
- The company's Net Worth rose to ₹2,432.30 lakh as of September 2024, showcasing strong financial stability.
- Debt-to-equity ratio significantly reduced to 0.06, reflecting improved financial health.
Recent Performance and Growth Prospects
- Revenue for the half-year ending September 30, 2024, recorded at ₹11,996.26 lakh, indicating robust business momentum.
- Diversified portfolio comprising 24 crops strengthens market positioning and reduces dependency on a single product.
- Strong focus on R&D ensures high-yield seeds, supporting sustainable agricultural practices.
- The company maintains a proven track record of generating consistent operating profits from cotton seed sales, contributing 76.78% of profits in FY 2024.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
- Dependence on a single product segment (cotton seeds).
- Market volatility impacting demand for agricultural products.
Opportunities and Growth Potential
- Strong market presence and robust financials.
- Expanding footprint in under-penetrated regions.
Key Performance Indicator (KPI)
Metric
| Value
|
ROE
| 33.82%
|
ROCE
| 39.07%
|
Debt/Equity
| 0.06
|
PAT Margin
| 7.3%
|
P/BV
| 3.07
|
Dhanlaxmi Crop Science IPO Registrar & Lead Managers
Entity
| Details
|
Registrar
| Bigshare Services Pvt Ltd
|
Lead Manager
| Finshore Management Services Limited
|
Company Address of Dhanlaxmi Crop Science Ltd
Dhanlaxmi Crop Science Ltd
Survey No. 24, Opp. Arts and Commerce College,
Shamlaji Highway, N.H. No.8,
Motipura, Sabar Kantha, Himatnagar, - 383001
Phone: +91 27 7224 4033
Email: cs@dhanlaxmiseeds.com
Conclusion
Dhanlaxmi Crop Science IPO provides investors with an option to explore a company engaged in agricultural innovations. With its diverse product portfolio and financial growth, the IPO offers insights into the company’s plans for capital deployment. Reviewing the IPO details, including pricing, financial metrics, and market position, can help investors make informed choices.
Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Jungle Camps India IPO.
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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