Dhanlaxmi Crop Science IPO is a book-built issue with a total size of ₹23.80 crore. The offering consists entirely of a fresh issue of 43.28 lakh equity shares.
The subscription for the Dhanlaxmi Crop Science IPO opens on December 9, 2024, and closes on December 11, 2024. The allotment of shares is expected to be finalized on Thursday, December 12, 2024. The listing is scheduled on the NSE SME platform with a tentative date of Monday, December 16, 2024.
Dhanlaxmi Crop Science operates in the agricultural sector, specifically focusing on the production, processing, and sale of seeds for various field crops and vegetables. They integrate traditional breeding techniques with biotechnology tools to produce hybrid and open-pollinated seeds1. Cotton seeds contribute the majority of their revenue.
The IPO price band is set at ₹52 to ₹55 per share. Investors can apply for a minimum lot size of 2,000 shares, requiring a minimum investment of ₹110,000 for retail investors. High Net Worth Investors (HNI) must apply for at least two lots (4,000 shares), amounting to ₹220,000.
Finshore Management Services Limited is the book-running lead manager for the IPO, with Bigshare Services Pvt Ltd as the registrar. Mnm Stock Broking is the designated market maker for this issue.
Dhanlaxmi Crop Science IPO Details:
| Company Name | Dhanlaxmi Crop Science Limited |
| Sector | Agricultural |
| IPO Type | SME |
| IPO Open date | 09th Dec 2024 |
| IPO Close date | 11th Dec 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Dhanlaxmi Crop Science IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,10,000 |
| HNI (Min) | 2 | 4000 | 2,20,000 |
Dhanlaxmi Crop Science IPO Timeline:
| IPO Open Date | 09th Dec 2024 |
| IPO Close Date | 11th Dec 2024 |
| Basis of Allotment | 12th Dec 2024 |
| Refund Initiation Date | 13th Dec 2024 |
| Shares Credit to Demat | 13th Dec 2024 |
| Listing Date | 16th Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Dhanlaxmi Crop Science’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Agricultural Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Dhanlaxmi Crop Science and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
