The Dhanlaxmi Crop Science IPO is one of the most awaited upcoming IPOs in December 2024. Scheduled to open for subscription on Monday, December 9, 2024, the IPO offers a promising opportunity for investors in the agricultural and seed technology sector. Here’s a detailed look at the Dhanlaxmi Crop Science IPO details, including the IPO price band, lot size, and grey market premium (GMP).
Dhanlaxmi Crop Science IPO Key Highlights
- IPO Opening Date: December 9, 2024
- IPO Closing Date: December 11, 2024
- Price Band: ₹52 to ₹55 per equity share
- Lot Size: Minimum of 2,000 shares and multiples of 2,000 thereafter
- Issue Size: Fresh issue of 4,328,000 shares, aggregating to ₹23.80 crore
- No Offer for Sale (OFS): The IPO is purely a fresh equity issue
IPO Objectives
The funds raised through the Dhanlaxmi Crop Science IPO will be utilized for:
- Working capital requirements
- General corporate purposes
Allocation Structure
-Qualified Institutional Buyers (QIBs): 50% of the net issue
- Retail Investors: 35% of the net issue
- Non-Institutional Investors (NIIs): 15% of the net issue
About Dhanlaxmi Crop Science
Dhanlaxmi Crop Science is a technology-driven seed company specializing in the production and sale of high-quality seeds for field crops and vegetables. With over 18 years of experience in the Indian seed industry, the company employs advanced biotechnology alongside traditional breeding techniques.
Key features of their product portfolio include:
High-yield hybrid and open-pollinated seeds
Superior resistance to pests and diseases
Adaptability to various agro-climatic conditions across India
These attributes make the company a trusted name among Indian farmers, ensuring quality and adaptability in agriculture.
Financial Performance
The company has demonstrated strong financial growth:
Sales Growth: 37% increase (FY 2023–24 vs. FY 2022–23)
Profit After Tax (PAT): 55% increase
Peers in the market include Mangalam Seeds Ltd (P/E: 16.67) and Upsurge Seeds of Agriculture Ltd (P/E: 25.39).
Grey Market Premium (GMP)
The Dhanlaxmi Crop Science IPO GMP as of today is ₹25, indicating strong investor interest. At the upper price band of ₹55, the estimated listing price is ₹80, translating to a 45.45% premium over the issue price.
Disclaimer -- This article does not provide any recommendation, investors are requested to consult there financial advisor before making any investment.