Dhanlaxmi Crop Science IPO subscription started on Monday, December 9, and will close on December 11 as per the schedule. The price band is set at ā¹52 to ā¹55 per share with a face value of ā¹10.
Dhanlaxmi Crop Science IPO Subscription Status
Dhanlaxmi Crop Science IPO Subscribed over 18.73x on its First day till 05.00 PM on 9th December.
- Dhanlaxmi Crop Science IPO subscription QIB investors portion is 1.32x times, while NII subscribed 13.11x times and RII investors subscribed 29.91x times.
- The company has received bids for 5,51,64,000 shares against 29,52,000 shares on offer on the First day.
- Dhanlaxmi Crop Science IPO Subscribed over 18.73x on day 1.
About Dhanlaxmi Crop Science IPO
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 Scienceās growth increased by 36.68% from the fiscal year that ended on March 31, 2024, to March 31, 2023.
Dhanlaxmi Crop Science IPO Ā Company Financial Report
The company reported revenue of ā¹63.75 crore in 2024 against ā¹46.64 crore in 2023. The company reported Profit of ā¹4.65 crores in 2024 against Profit of ā¹3.00 crores in 2023.
Dhanlaxmi Crop Science IPO GMP:
Dhanlaxmi Crop Science IPO GMP was ā¹28 as of Monday, December 9th. That indicates the IPO is trading at ā¹83 with ā¹28 premium in the grey market against the issue price of ā¹55.
