Dhanlaxmi Crop Science IPO Detail: Open Date, Close Date, GMP, Price Band

Dhanlaxmi Crop Science IPO subscription opens on Monday, December 9, 2024, and closes on Wednesday, December 11, 2024. It is a book-built issue worth up to Rs 23.80 crores of equity shares. This upcoming IPO is a entirely a fresh issue of up to 43.28 lakh equity shares.

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Dhanlaxmi Crop Science IPO Price Band

Dhanlaxmi Crop Science IPO price band is Rs 52 to Rs 55 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,10,000 (55 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,20,000 (55 x 4000 shares).

Dhanlaxmi Crop Science IPO GMP

Currently, Dhanlaxmi Crop Science IPO GMP (grey market premium) is at Rs 20. It is expected that the listing price will be near at is Rs 75. However, if the subscription is oversubscribed, then Dhanlaxmi Crop Science IPO GMP may go up.

Dhanlaxmi Crop Science Allotment Status

Dhanlaxmi Crop Science IPO Allotment status will be available on its registrar Bigshare Services Private Limited website on Monday, December 16, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Dhanlaxmi Crop Science Listing Date

Dhanlaxmi Crop Science IPO listing date has been decided on Wednesday, December 16, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Dhanlaxmi Crop Science IPO: Listing Date, Lot Size, Issue Size, Price Band

Dhanlaxmi Crop Science IPO: About the Company

Dhanlaxmi Crop Science Limited, established in 2005, is a prominent player in the Indian seeds industry, with over 18 years of experience. The company specializes in developing, producing, and marketing a diverse range of hybrid and open-pollinated seeds for various field crops and vegetables.

Dhanlaxmi uses a combination of traditional breeding techniques and advanced biotechnology to enhance crop yields and quality while providing resistance against pests and diseases. The company has an extensive product portfolio, which includes seeds for crops like cotton, wheat, maize, and mustard.

Operating across multiple states, Dhanlaxmi Crop Science is committed to sustainable agricultural practices and innovation, supporting farmers in achieving optimal harvests through high-quality seed varieties.

Dhanlaxmi Crop Science IPO Objectives

The objective of the issue is to utilize the net proceeds to meet the company’s working capital requirements, cover issue-related expenses, and fund general corporate purposes.

Dhanlaxmi Crop Science IPO: Key Dates, Allotment, Listing Date

Dhanlaxmi Crop Science IPO Subscription Details, IPO Reservation

Dhanlaxmi Crop Science IPO subscription reservations are as follows: Not less than 35% of the net offer is reserved for the retail category, not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, and not less than 15% of the net offer is reserved for the HNI category.

Dhanlaxmi Crop Science IPO Lot Size Details

Dhanlaxmi Crop Science IPO lot size is set at 2000 shares per lot. The minimum investment required for retail investors is Rs 1,10,000 (55 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,20,000 (55 x 4000 shares).

Dhanlaxmi Crop Science IPO Promoter Holdings

Dhanlaxmi Crop Science IPO promoters are Mr Kamleshkumar Jayantilal Patel, Mr Alpeshbhai Jayantibhai Patel and Mr Meet Kamleshkumar Patel. The promoter's combined shareholdings before the IPO were 76.70%; however, post-IPO, their shareholdings will decline by 56.37%.

Dhanlaxmi Crop Science Limited Company Financials (Amt in Lakhs)

Lead Manager and Registrar of Dhanlaxmi Crop Science IPO

The IPO is managed by Finshore Management Services Limited, which is the book-running lead manager for this public issue. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

How to apply to the Dhanlaxmi Crop Science IPO

Interested investors who want to apply to the Dhanlaxmi Crop Science IPO can directly apply from the Bigul trading app, or you can apply here. You can also check the details of other upcoming IPO on the Bigul platform.

Dhanlaxmi Crop Science IPO FAQs

1. What are the core details available of the Dhanlaxmi Crop Science IPO?

Dhanlaxmi Crop Science IPO is a book-built issue worth up to Rs 23.80 crores. This upcoming IPO is entirely a fresh issue of up to 43.28 lakh equity.

2. What is the Dhanlaxmi Crop Science IPO open date and close date?

Dhanlaxmi Crop Science IPO subscription opens on Monday, December 9, 2024, and closes on Wednesday, December 11, 2024.

3. What is Dhanlaxmi Crop Science IPO GMP?

Currently, Dhanlaxmi Crop Science IPO GMP (grey market premium) is at Rs 20. It is expected that the listing price will be near at is Rs 75. However, if the subscription is oversubscribed, then Dhanlaxmi Crop Science IPO GMP may go up.

4. How do you check the IPO Allotment status?

Dhanlaxmi Crop Science IPO Allotment details are available on its registrar, Bigshare Services Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead managers for Dhanlaxmi Crop Science IPO?

The IPO is managed by Finshore Management Services Limited which is the book-running lead manager for this public issue. The company has appointed Bigshare Services Private Limited as the registrar for this public issue.

Also Read:

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• Difference between SME IPO and Mainline IPO?