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Dhanlaxmi Crop Science IPO

Dhanlaxmi Crop Science IPO

smelisted
Registrar: Bigshare Services Pvt Ltd · Listing 2024-12-16
IPO Timeline
Today · 21 Oct 2026
Opens
09 Dec 2024
Closes
11 Dec 2024
Allotment
12 Dec 2024
Refund
13 Dec 2024
Demat
13 Dec 2024
Listing
16 Dec 2024
Price Band
₹52–55
GMP
₹0
0%
Lot Size
2000 Shares
Min ₹110,000
Subscription
0x
Issue Size
₹23 Cr
Open
2024-12-09
Close
2024-12-11
Listing
2024-12-16

About the company

Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seed company with over 18 years of experience in the Indian seed industry. It specialises in field crops and vegetable seeds, including cotton, wheat, maize, okra, and more. As of September 30, 2024, the company produces seeds for 24 different field crops and vegetables and operates in five states. The cotton seeds contribute significantly to revenue (64.73% of operations). During the same period, the company produced 725 MT of raw seeds, including hybrids and open-pollinated varieties. It operates a processing facility in Gujarat with a 7.3 MT/hour capacity and storage for 5,000 MT of seeds.

Strengths

    Risks

      Financial performance (₹ Cr)

      IPO Roadmap / Timeline

      Current Status · as of 21 Oct 2026
      Listed
      Listed on 16 Dec 2024
      Listed 674 days ago
      1. IPO Opens

        Completed
        09 Dec 2024

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        11 Dec 2024

        Last day to place your bid

      3. Basis of Allotment

        Completed
        12 Dec 2024

        Share allotment finalised

      4. Refund Initiation

        Completed
        13 Dec 2024

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        13 Dec 2024

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        16 Dec 2024

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      2000 shares
      Price / Share (upper)
      ₹55
      Min Investment (1 lot)
      ₹110,000
      Price Band
      ₹52–55
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      2000
      Min amount
      ₹110,000
      Max amount
      ₹110,000
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      4000
      Min amount
      ₹220,000
      Max amount
      ₹220,000

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹11.5 Cr
      Shares offered
      2,149,533
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹3.45 Cr
      Shares offered
      644,860
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹8.05 Cr
      Shares offered
      1,504,673
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).