Dhanlaxmi Crop Science IPO to Open on December 9, 2024; Price Band Set at Rs. 52- Rs. 55 Per Share

Finshore Management Services Limited is the book-running lead manager for the Dhanlaxmi Crop Science IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

The proceeds from the issue will be utilized to meet working capital requirements and for general corporate purposes. The shares for the Dhanlaxmi Crop Science IPO are expected to be allotted on Thursday, December 12, 2024, and credited to the demat accounts of the allottees on Friday, December 13, 2024. The IPO allocation comprises 50% of the net issue for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for the Non-Institutional Investor (NII) segment.

Retail investors need to contribute a minimum of ₹1,10,000, as the minimum lot size for an application is 2,000 shares. For HNIs, the minimum bidding size is two lots, or 4,000 shares, requiring a total investment of ₹2,20,000 at the upper price band.

Dhanlaxmi Crop Science Ltd reported revenue of ₹11,996.26 lakhs for HY1 FY25, with a net profit of ₹820.81 lakhs. The company boasts a Return on Capital Employed (ROCE) of 39.07%, a Return on Equity (ROE) of 33.82%, and a Debt-to-Equity ratio of 0.06.

The company integrates traditional breeding techniques with biotechnological tools to produce hybrid and open-pollinated varieties of field crops and vegetable seeds. These seeds offer higher yields, improved quality, and greater tolerance to pests and diseases compared to naturally occurring varieties.

As of March 31, 2024, the company’s product portfolio includes over 24 seed varieties for various field crops and vegetables. It operates through a network of 1,185 authorized dealers across four states and has access to farmland in four states through contractual agreements with more than 45 seed growers and organizers.

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