Dhanlaxmi Crop Science Ltd (NSE SME)
Dec 9, 2024 - Dec 11, 2024
| Price | ₹52 - ₹55 |
| Premium | ₹50 |
|---|---|
| Lot size | 2000 |
| Allotment | Dec 12, 2024 |
| Listing | Dec 16, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 110000 | 761 |
| HNI | 2 | 4000 | 220000 | 329 |
Last updated on 11-Dec-2024 18:40:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 772000 | 152582000 | 197.65 |
| NIB | 658000 | 819250000 | 1245.06 |
| RETAIL | 1522000 | 704792000 | 463.07 |
| Total | 2952000 | 1676624000 | 567.96 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 103 |
| NIB | 27935 |
| RETAIL | 352396 |
| Total | 380434 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 4.25 | 839.2 | 197.65 |
| NIB | 3.62 | 4505.88 | 1245.06 |
| RETAIL | 8.37 | 3876.36 | 463.07 |
| Total | 16.24 | 9221.43 | 567.96 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹14.6 | @8% ₹16.7 | @9% ₹18.8 | @10% ₹20.8 | @11% ₹22.9 | @12% ₹25 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹91.9 | @8% ₹105.1 | @9% ₹118.2 | @10% ₹131.3 | @11% ₹144.5 | @12% ₹157.6 |
Dhanlaxmi Crop Science IPO Details
| Issue Size | 4,328,000 shares (aggregating up to ₹23.80 Cr) |
| Fresh Issue | 4,328,000 shares (aggregating up to ₹23.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,000,000 |
| Share holding post issue | 16,328,000 |
| Market Maker portion | 218,000 shares |
| Market Maker | Mnm Stock Broking |
Dhanlaxmi Crop Science IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 40.59% | 33.82% | 34.10% |
| ROCE | 35.23% | 39.07% | 31.52% |
| RONW | 33.75% | 28.87% | 26.28% |
| D/E | 0.32 | 0.06 | 0.23 |
| EPS (basic) | 6.84 | 3.88 | 2.5 |
| P/E Pre IPO | 14.18 | ||
| P/E Post IPO | 5.47 |
Company Financials
Dhanlaxmi Crop Science Ltd Financial Information (Restated) In Lakhs.
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 5,138 | 3,496 | 2,003 | 2,086 |
| Revenue | 11,996 | 6,375 | 4,664 | 3,543 |
| Profit After Tax | 821 | 465 | 300 | 58 |
| Net Worth | 2,432 | 1,612 | 1,140 | 617 |
| Reserves and Surplus | 1,232 | 712 | 740 | 440 |
| Total Borrowing | 769 | 104 | 258 | 913 |
About Company
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company specializing in the development, production, processing, and sale of seeds for a diverse range of 24 field crops and vegetables. Integrating traditional breeding methods with advanced biotechnology tools, the company focuses on producing hybrid and open-pollinated variety seeds with superior yields, enhanced quality, and improved pest and disease tolerance. With operations spanning five Indian states, Dhanlaxmi Crop Science has established itself as a leader in cotton seeds, which accounted for 76.78%, 71.47%, and 64.73% of its revenue from operations in FY 2024, 2023, and 2022, respectively. Its comprehensive product portfolio includes seeds for Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, Soybean, Mustard, Groundnut, Jowar, Onion, and more. As of December 2, 2024, the company employed 56 individuals, driving its commitment to delivering innovative and high-quality agricultural solutions.
Finshore Management Services Limited
Integrated Seed Processing & Storage: A state-of-the-art seed processing unit with an in-house warehouse ensures efficient operations and quality preservation.
Diverse Product Portfolio: A wide range of consistently high-quality field crop and vegetable seeds caters to varied agricultural needs.
Strong R&D Capabilities: Advanced research and breeding techniques drive innovation and superior seed performance.
Legal Risks: Ongoing legal proceedings involving the company, its directors, promoters, and group companies could lead to adverse outcomes, impacting financial performance.
Product Concentration Risk: Heavy reliance on cotton seed sales exposes the company to risks associated with product concentration, which could affect stability and growth.
R&D Dependence: The Company’s success hinges on the effectiveness of its research and development activities, and any failure to innovate could negatively impact business growth.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html