Dhanlaxmi Crop Science IPO will be open on December 9, 2024. Today, we will share with you 10 important things about the company’s issues as follows:
1. Dhanlaxmi Crop Science IPO Open and closing date?
Dhanlaxmi Crop Science IPO opening date is December 9, 2024, and the closing date is December 11, 2024.
2. What is the size of the Dhanlaxmi Crop Science IPO?
The company Dhanlaxmi Crop Science decided to raise around ₹23.80 crores via IPO. This IPO comprises entirely a fresh issue of ₹23.80 crores with a face value of ₹10 each.
3. What are the subscription details of the Dhanlaxmi Crop Science IPO?
The price band for the Dhanlaxmi Crop Science IPO is set as ₹52 to ₹55 per share. In this IPO, a total of 2,000 shares were available in 1 lot size for the minimum Retail category, and for the maximum retail category 2000 shares in 1 lot size were available as well. Retail investors must invest at least ₹110,000. While the S-HNI Minimum total of 4,000 shares was available in 2 lot sizes, the small size for non-institutional investors must invest at least ₹220,000.
4. What is the Dhanlaxmi Crop Science IPO listing Date?
Dhanlaxmi Crop Science is an NSE SME IPO whose shares will be listed on December 16th, 2024 on the NSE (National Stock Exchange).
5. What are the objectives of the Dhanlaxmi Crop Science IPO Issue?
The main objectives of the Dhanlaxmi Crop Science IPO are to Cover Working Capital Requirements and cover the Issue Expenses. Also, supports the general corporate purposes of the company.
6. About Dhanlaxmi Crop Science
Established in 2005, Dhanlaxmi Crop Science Limited is a technology-based seed company with over 18 years of experience in the Indian seed industry. The company develops, produces, processes, and sells seeds for a wide range of field crops and vegetables. Their profile is using traditional breeding techniques with biotechnology tools and creating hybrid and open-pollinated field crops and vegetable seeds. Their profile offers seeds for field crops and vegetables such as Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, Soyabean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Onion, etc.
7. Dhanlaxmi Crop Science Financial Status
The company reported revenue of ₹63.75 crore in 2024 against ₹46.64 crore in 2023. The company reported Profit of ₹4.65 crores in 2024 against Profit of ₹3.00 crores in 2023.
8. Dhanlaxmi Crop Science IPO Promoters
The promoters of the Dhanlaxmi Crop Science IPO are Mr. Kamleshkumar Jayantilal Patel, Mr. Alpeshbhai Jayantibhai Patel, and Mr. Meet Kamleshkumar Patel.
9. Dhanlaxmi Crop Science IPO Risk Factors
- Pros
- Shows incredible financial growth and revenue only from cotton seed sales.
- Not 2 or 5, but Dhanlaxmi crop science serves 24 different seeds for field crops and vegetables.
- Cons
- The business of Dhan Laxmi crop science mainly earns growth on the sale of cotton seed. That means the company can be at risk if they result in negative sales of cotton seeds can risk the company’s growth and revenue.
- Most of the revenue of the company comes from certain customers, which means losing any of those customers may put the company at risk of losing profitability.
10. Who are the Dhanlaxmi Crop Science IPO lead manager and registrar?
Finshore Management Services Limited is the lead manager of Dhanlaxmi Crop Science while Bigshare Services Pvt Ltd is the registrar of the company.
