Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Dhanlaxmi Crop Science IPO
Price Band
₹52.0–55.0
Issue Size
₹23.8 Cr
Lot Size
2,000 shares
Min Investment
₹110,000
GMP
+₹50.0 (90.91%)
Issue Price
₹55.0
Subject to Sauda
₹76000
Paid only if allotted
Dhanlaxmi Crop Science IPO AI Summary
- Dhanlaxmi Crop Science IPO is listed on NSE SME in the Other Agricultural Products sector.
- Price band: ₹52.0–₹55.0 per share, lot size 2,000 shares (min. investment ₹110,000).
- Subscription window: 09 Dec–11 Dec 2024, listing on 16 Dec 2024.
- Current GMP is +₹50.0 (90.91%), an estimated listing price of ₹105 — unofficial and can change daily.
Dhanlaxmi Crop Science is set to launch its IPO with a price band of ₹52.0 to ₹55.0, aiming to raise ₹23.8 Cr. The company has shown strong revenue and profit growth, particularly in the cotton seed segment, and plans to utilize the proceeds for working capital and other expenses. Investors should consider the potential risks and rewards associated with investing in this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Dhanlaxmi Crop Science IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Dec 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Dhanlaxmi Crop Science IPO Grey Market Premium (GMP) Today
GMP
+₹50.0
GMP %
+90.91%
Est. Listing
₹105.0
Updated: 25 Jul 2026 14:02
About the Company
Incorporated in 2005, Dhanlaxmi Crop Science is a technology-driven seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables. The company integrates traditional breeding techniques with biotechnological tools and strives to produce hybrid and open-pollinated varieties of field crops and vegetable seeds that offer higher yields, better product quality, and a higher level of tolerance to pests and diseases compared to naturally occurring varieties. As of March 31, 2024, the company produced seeds for 24 different crops and vegetables and operated in 5 states in India. The sale of cotton seeds accounts for the major portion of the operating profit and contributed 76.78%, 71.47%, and 64.73% to the operating profit in FY 2024, FY 2023, and FY 2022, respectively. The Products Portfolio: Field crop and vegetable seeds for Cotton, Wheat, Cumin, Bajra, Maize, Gram, Okra, Green Gram, SSG, Soyabean, Milky, Mustard, Groundnut, Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, Onion etc.& Their Competitive Strenght: Integrated seed processing unit with warehouse facility on one premises. Wide range of products backed by consistent quality Our Research & Development Capabilities Established brand Customer satisfaction and revenues from long-standing customer relationships Experienced Promoter and Management Expertise Proven track record of robust financial performance. As of December 2, 2024, the company has 56 employees.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 51.38 | 34.96 | 20.03 | 20.86 |
| Total Income | 119.96 | 63.75 | 46.64 | 35.43 |
| Profit After Tax | 8.21 | 4.65 | 3.00 | 0.58 |
| NET Worth | 24.32 | 16.12 | 11.40 | 6.17 |
| Reserves and Surplus | 12.32 | 7.12 | 7.40 | 4.40 |
| Total Borrowing | 7.69 | 1.04 | 2.58 | 9.13 |
Key Ratios
EPS
₹3.88
NAV
₹17.91
ROE
33.82%
ROCE
39.07%
RoNW
28.87%
P/B Value
3.07
P/E Ratio
14.18
Market Cap
₹89.80 Cr
PAT Margin
7.30%
Debt/Equity
0.06
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Upsurge Seeds Of Agriculture Limited | 65.06 | 15.79% | 25.39 | 8.98 | 8.98 |
| Mangalam Seeds Ltd | 63.52 | 18.9% | 16.67 | 12.01 | 12.01 |
| Dhanlaxmi Crop Science Ltd This IPO | 13.43 | 28.87% | — | 5.17 | 5.17 |
Promoters
Kamleshkumar Jayantilal Patel, Alpeshbhai Jayantibhai Patel and Meet Kamleshkumar Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 20.06 2 Issue Related Expenses 2.25 3 General Corporate Expense 1.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹119.96 Cr in the period ending September 30, 2024, up from ₹63.75 Cr for the year ending March 31, 2024. This indicates a strong growth trajectory. Prior to that, total income was ₹46.64 Cr for the year ending March 31, 2023, and ₹35.43 Cr for the year ending March 31, 2022, showing consistent revenue growth over the years.
Profit Trend
Profit after tax was ₹8.21 Cr for the period ending September 30, 2024, compared to ₹4.65 Cr for the year ending March 31, 2024. This reflects a positive trend in profitability. In the previous fiscal year, profit after tax was ₹3.00 Cr for the year ending March 31, 2023, and ₹0.58 Cr for the year ending March 31, 2022, indicating a significant improvement in profit margins over the years.
Valuation
Dhanlaxmi Crop Science's implied P/E at the issue price of ₹55.0 is approximately 14.18 times its earnings, compared to peers trading at P/E ratios ranging from 16.67 to 25.39.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as a barometer of market sentiment towards an IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their own risk tolerance and investment strategy. Factors such as the company's growth potential, market conditions, and personal financial goals should be considered.
Who May Want to Wait
Investors who prefer stable and established companies may want to avoid IPOs like this, which can carry higher risks due to market fluctuations and uncertainties associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on December 9, 2024, and closes on December 11, 2024. Allotment of shares is expected to be finalized by December 12, 2024, with the listing date set for December 16, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the IPO. While some IPOs may experience significant gains on their listing day, others may not perform as well. Investors should be prepared for the possibility of volatility.
This evaluation is generated from Dhanlaxmi Crop Science's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Dhanlaxmi Crop Science IPO GMP today?
Dhanlaxmi Crop Science IPO GMP today is +₹50.0 (90.91%), indicating an estimated listing price of ₹105. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Dhanlaxmi Crop Science IPO?
The price band of Dhanlaxmi Crop Science IPO is ₹52.0–₹55.0 per share.
When does Dhanlaxmi Crop Science IPO open and close?
Dhanlaxmi Crop Science IPO opens on 09 December 2024 and closes on 11 December 2024.
When does Dhanlaxmi Crop Science IPO list on the stock exchange?
Dhanlaxmi Crop Science IPO listed on 16 December 2024 at ₹105.0.
What is the lot size for Dhanlaxmi Crop Science IPO?
The lot size for Dhanlaxmi Crop Science IPO is 2000 shares, requiring a minimum investment of ₹110,000.
What is the lot size for this IPO?
The lot size for Dhanlaxmi Crop Science's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹110,000.
What is the price band for the IPO?
The price band for the IPO is ₹52.0 to ₹55.0.
When is the listing date?
The listing date for the IPO is December 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of a stock over its issue price before it officially lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Dec 2024
Close
11 Dec 2024
Allotment
12 Dec 2024
Listing
16 Dec 2024
Similar IPOs in Other Agricultural Products
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Dhanlaxmi Crop Science?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.