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 ₹52 to ₹55 per share with a face value of ₹10.
Dhanlaxmi Crop Science IPO Subscription Status
Dhanlaxmi Crop Science IPO Subscribed over 555.83x on its Last day till 05.00 PM on 11th December.
- Dhanlaxmi Crop Science IPO subscription QIB investors portion is 197.65x times, while NII subscribed 1241.27x times and RII investors subscribed 441.18x times.
- The company has received bids for 1,64,08,10,000 shares against 29,52,000 shares on offer on the Last day.
- Dhanlaxmi Crop Science IPO Subscribed over 555.83x on day 3.
- Dhanlaxmi Crop Science IPO Subscribed over 67.28x on day 2.
- Dhanlaxmi Crop Science IPO Subscribed over 18.98x 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 Science’s growth increased by 36.68% from the fiscal year that ended on March 31, 2024, to March 31, 2023.
Dhanlaxmi Crop Science IPO Company Financial Report
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.
Dhanlaxmi Crop Science IPO GMP:
Dhanlaxmi Crop Science IPO GMP was ₹28 as of Wednesday, December 11th. That indicates the IPO is trading at ₹83 with ₹28 premium in the grey market against the issue price of ₹55.
