Dhanlaxmi Crop Science
Listed
Listed
IPO Timeline
Issue open date
9 Dec 2024Issue close date
11 Dec 2024UPI mandate deadline
11 Dec 2024Allotment finalization
12 Dec 2024Refund initiation
13 Dec 2024Share credit
13 Dec 2024Listing date
16 Dec 2024Mandate end date
26 Dec 2024Lock-in end date for anchor investors (50%)
11 Jan 2025Lock-in end date for anchor investors (remaining)
12 Mar 2025Key Dates
Open
9 Dec 2024Close
11 Dec 2024Listing
16 Dec 2024Quick Stats
Issue Size:24cr
Lot Size:2000 shares
About the Company
Incorporated in 2005, Dhanlaxmi Crop Science Limited develops, produces, processes, and sells seeds for field crops and vegetables. The company combines traditional breeding techniques with biotechnology to produce hybrid and open-pollinated seeds tailored for diverse agroclimatic conditions. Its product portfolio includes cotton, wheat, cumin, and various vegetables. With operations spanning five states, 1,185 authorized dealers, and processing facilities in Gujarat, the company produced 725 MT of raw seeds as of September 2024.
Strengths
- Integrated seed processing with warehousing for efficient distribution.
- Diverse seed portfolio for major Indian crops with consistent quality.
- Advanced R&D with 16 acres of farmland and lab facilities.
- Experienced management driving operational excellence.
- Strong customer relationships with high repeat orders.
Risks
- Reliance on third-party farmers for seed production may disrupt operations.
- Legal proceedings involving the company and its stakeholders may affect operations.
- High dependence on cotton seeds increases revenue concentration risks.
- Government pricing controls on cotton seeds restrict profitability.
- Heavy reliance on unsecured loans from related parties poses financial risks.
- Seasonal fluctuations in demand create revenue unpredictability and operational challenges.
Dhanlaxmi Crop Science IPO – Frequently Asked Questions
- The price band for the Dhanlaxmi Crop Science IPO is set at ₹52 to ₹55 per share.
- The Dhanlaxmi Crop Science IPO opens on December 9, 2024 and closes on December 11, 2024.
- The tentative listing date for the Dhanlaxmi Crop Science IPO is December 16, 2024.
- You can apply for the Dhanlaxmi Crop Science IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Dhanlaxmi Crop Science, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Dhanlaxmi Crop Science IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).