Dhanlaxmi Crop Science SME IPO Details, Financials, Valuation & Peers
Explore Dhanlaxmi Crop Science IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
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.
Objects of the Issue
- To meet Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 09 Dec - 11 Dec 2024 |
| IPO Price Band | ₹52 - ₹55 per share |
| Fresh Issue | 43,28,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹23.80 crore |
| Face Value | ₹10 |
| Listing On | NSE |
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.
| Event | Date |
|---|---|
| IPO Opening Date | 09 Dec 2024 |
| IPO Closing Date | 11 Dec 2024 |
| Basis Of Allotment | 12 Dec 2024 |
| Refunds | 13 Dec 2024 |
| Demat Transfer | 13 Dec 2024 |
| IPO Listing Date | 16 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 35.43 | 46.64 | 63.75 | 119.96 |
| Total Expenses | 34.64 | 42.55 | 57.34 | 108.92 |
| Net Profit/Loss | 0.58 | 3.00 | 4.65 | 8.21 |
| NPM (*) | 1.64 | 6.42 | 7.30 | 6.84 |
| Total Assets | 20.86 | 20.03 | 34.96 | 51.38 |
| Total Liabilities | 14.69 | 8.63 | 18.84 | 27.06 |
* 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 Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 1.09 | 2.50 | 3.88 | 6.84 |
| ROE (%) | 9.84 | 34.10 | 33.82 | 40.59 |
| ROCE (%) | 11.96 | 31.52 | 39.07 | 35.23 |
| D/E Ratio | 1.48 | 0.23 | 0.06 | 0.32 |
| Current Ratio | 1.98 | 2.99 | 1.88 | 1.91 |
| EBITDA MARGIN (%) | 4.32 | 9.57 | 10.68 | 9.52 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Dhanlaxmi Crop Science Limited | 63.71 | 14.18 | 3.88 | 28.87 | 13.43 |
| Mangalam Seeds Limited | 100.05 | 16.67 | 12.01 | 18.90 | 63.52 |
| Upsurge Seeds of Agriculture Limited | 132.95 | 25.39 | 8.98 | 15.79 | 65.06 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 197.65 |
| Non-Institutional Investor (NII/HNI) | 1241.27 |
| Retail Individual Investor (RII) | 441.18 |
| Total | 555.83 |
* 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.