Dhanlaxmi Crop Science IPO subscribed overall 555.83 times on the last day, while a retail quota was subscribed 441.18 times and QIB was 197.65 and NII 1,241.27 respectively.
Details About Dhanlaxmi Crop Science’s IPO
Dhanlaxmi Crop Science got approval from SEBI for an IPO of ₹23.80 crores to raise funds and maintain financial stability. This IPO was a fresh issue of ₹23.80 crores. The face value of each share was Rs 10. Moreover, the company has set up a ₹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 maximum as well. S-HNI (Min) has a total of 4000 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹110,000.
- Small HNI (S-HNI): Minimum investment of ₹220,000
Subscription duration of Dhanlaxmi Crop Science
This IPO started on December 09, 2024, and closed on December 11, 2024. The investor’s allotment date was December 12, 2024, and they received a refund on December 13, 2024.
Funds Deployment of This IPO
- To meet Working Capital Requirements
- To meet the Issue Expenses
- General Corporate Purposes
About Dhanlaxmi Crop Science Company
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. This process helps to produce higher yields, which means the crop that grows from their seeds will produce more food, allowing farmers to grow more. With the help of their seeds, the fruits, vegetables, and grains will more likely be of better quality and nutritious. As well as, their seeds are unaffected by insects and diseases, leaving the plants healthier. Conditions such as water availability, crop duration, and soil attributes, their seeds can suit any climate. Moreover, they provide various other 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. The profit after tax (PAT) climbed by 55.35% and Dhanlaxmi Crop Science’s growth increased by 36.68% from the fiscal year that ended on March 31, 2024, to March 31, 2023.
Dhanlaxmi Crop Science’s Financial Background
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.
