Dhanlaxmi Crop Science SME IPO Details, Financials, Valuation & Peers

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Explore Dhanlaxmi Crop Science IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

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Status
Listed
Biding Dates
09 Dec - 11 Dec 2024
Price Range
₹52 - ₹55
Min Investment
1,10,000
Lot Size
2000 shares
Issue Size
₹23.80 crore
Listed Price
₹104.590.00%

Overview

Dhanlaxmi Crop Science Limited, established in 2005, is a technology-driven seeds company specializing in developing, producing, processing, and selling a wide variety of seeds for field crops and vegetables. With over 18 years of expertise in the Indian seed industry, the company integrates traditional breeding techniques with biotechnology to create hybrid and open-pollinated seed varieties that deliver higher yields, superior quality, and enhanced pest and disease tolerance. The company has operations across five states in India and offers a diverse product portfolio, including seeds for cotton, wheat, cumin, bajra, maize, gram, and vegetables like okra and green peas. Cotton seeds account for a significant portion of the company's revenue. The company is supported by robust research and development capabilities, a network of 1,185 authorized dealers, and a modern processing facility in Gujarat with a capacity of 7.3 MT per hour.

Key Points:

  • Product Portfolio:
    • Offers seeds for 24 field crops and vegetables, including cotton, wheat, bajra, maize, cumin, okra, green peas, and others.
    • Focus on hybrid and open-pollinated seed varieties that meet diverse agro-climatic conditions in India.
  • Market Leadership:
    • Over 18 years of experience in the Indian seed industry.
    • Cotton seeds contribute significantly to the company's revenue, showcasing dominance in this segment.
  • Research and Development: Developed a robust germplasm repository and several successful hybrid seed products such as Advance, Agniveer, and Dhanvarsha.
  • Operational Capacity:
    • Full-fledged processing facilities in Gujarat with a production capacity of 7.3 MT/hour and storage capacity of 5,000 MT.
    • Access to temperature-controlled facilities for seeds with a short shelf life.
    • Produced 725 MT of raw seeds in 2024.
  • Distribution Network:
    • 1,185 authorized dealers/distributors across Gujarat, Rajasthan, Haryana, and Maharashtra.
    • Extensive storage and warehousing capabilities to cater to customer needs efficiently.
  • Strategic Focus: Emphasis on diversification with increased sales of vegetable seeds and field crop seeds other than cotton.

IPO Docs

Objects of the Issue

  • To meet Working Capital Requirements
  • To meet the Issue Expenses
  • General Corporate Purposes

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates09 Dec - 11 Dec 2024
IPO Price Band₹52 - ₹55 per share
Fresh Issue43,28,000 shares
Offer For SaleNIL
Total IPO Size₹23.80 crore
Face Value₹10
Listing OnNSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date09 Dec 2024
IPO Closing Date11 Dec 2024
Basis Of Allotment12 Dec 2024
Refunds13 Dec 2024
Demat Transfer13 Dec 2024
IPO Listing Date16 Dec 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202231st March 202331st March 2024Sep 2024
Total Income35.4346.6463.75119.96
Total Expenses34.6442.5557.34108.92
Net Profit/Loss0.583.004.658.21
NPM (*)1.646.427.306.84
Total Assets20.8620.0334.9651.38
Total Liabilities14.698.6318.8427.06

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202231st March 202331st March 2024Sep 2024
EPS1.092.503.886.84
ROE (%)9.8434.1033.8240.59
ROCE (%)11.9631.5239.0735.23
D/E Ratio1.480.230.060.32
Current Ratio1.982.991.881.91
EBITDA MARGIN (%)4.329.5710.689.52

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Dhanlaxmi Crop Science Limited63.7114.183.8828.8713.43
Mangalam Seeds Limited100.0516.6712.0118.9063.52
Upsurge Seeds of Agriculture Limited132.9525.398.9815.7965.06

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)197.65
Non-Institutional Investor (NII/HNI)1241.27
Retail Individual Investor (RII)441.18
Total555.83

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

Bigshare Services Private Limited
Phone
: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Company Promoters

  • Mr. Kamleshkumar Jayantilal Patel
  • Mr. Alpeshbhai Jayantibhai Patel
  • Mr. Meet Kamleshkumar Patel

Lead Managers

  • FINSHORE MANAGEMENT SERVICES LIMITED

Company Address

Dhanlaxmi Crop Science Limited

Survey No. 24, Opp. Arts and Commence College, Shamlaji High Way, N.H. No.8, Motipura, Sabar Kantha, Himatnagar, Gujarat - 383001, India

Phone: 027 7224 4033

Email: cs@dhanlaxmiseeds.com

Website: www.dhanlaxmiseeds.com

FAQs

  • What is the issue size of the Dhanlaxmi Crop Science SME IPO?
    The Dhanlaxmi Crop Science SME IPO has an issue size of ₹23.80 crore. This includes a fresh issue of 43,28,000 shares and an offer for sale (OFS) of NIL.
  • What is the price band of the Dhanlaxmi Crop Science IPO?
    The price band for the Dhanlaxmi Crop Science IPO is ₹52 - ₹55 per share.
  • What are the bidding dates for the Dhanlaxmi Crop Science IPO?
    The Dhanlaxmi Crop Science IPO will open for bidding on 09 Dec 2024 and close on 11 Dec 2024.
  • What is the allotment date for the Dhanlaxmi Crop Science IPO?
    The allotment date for the Dhanlaxmi Crop Science IPO is 12 Dec 2024.
  • What is the minimum lot size and investment required for the Dhanlaxmi Crop Science IPO?
    The minimum lot size for the Dhanlaxmi Crop Science IPO is 2000 shares and the minimum investment required is ₹1,10,000.
  • What is the listing date for the Dhanlaxmi Crop Science IPO?
    The listing date for the Dhanlaxmi Crop Science IPO is 16 Dec 2024.
  • What is the Dhanlaxmi Crop Science IPO grey market premium?
    The grey market premium (GMP) for the Dhanlaxmi Crop Science IPO is currently at ₹50, with an expected listing gain of approximately 90.91%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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