Dhanlaxmi Crop Science Ltd IPO

Incorporated in 2005, Dhanlaxmi Crop Science has emerged as a prominent player in the agricultural sector. As a technology-driven seeds company, Dhanlaxmi Crop Science focuses on the development, production, processing, and sale of seeds for a diverse range of field crops and vegetables. The company employs a blend of traditional breeding techniques and cutting-edge biotechnological tools to create hybrid and open-pollinated seed varieties. These seeds are designed to deliver higher yields, improved product quality, and increased tolerance to pests and diseases compared to naturally occurring varieties.

As of March 31, 2024, Dhanlaxmi Crop Science has expanded its operations to produce seeds for 24 different crops and vegetables, catering to the needs of farmers across five states in India. The company's dedication to innovation and quality has positioned it as a trusted partner in the agricultural community. Among the numerous seeds in its product portfolio, cotton seeds stand out as a significant contributor to the company's financial success. Impressively, the sale of cotton seeds accounted for 76.78% of the operating profit in the fiscal year 2024. This trend of strong performance continued in previous years, with cotton seed sales contributing 71.47% and 64.73% to the operating profit in FY 2023 and FY 2022, respectively.

Diverse Product Portfolio

Dhanlaxmi Crop Science's diverse product portfolio includes both field crop and vegetable seeds. The company offers seeds for a wide array of crops such as Cotton, Wheat, Cumin, Bajra, Maize, and Gram. In addition, it provides quality seeds for vegetables like Okra, Green Gram, SSG, Soybean, Milky, Mustard, and Groundnut. Furthermore, the portfolio extends to include Black Gram, Guar, Castor, Sesame, Jowar, Coriander, Red Gram, Green Pea, Multifeed, and Onion, among others. Each of these seeds is developed with a focus on enhancing agricultural productivity and supporting sustainable farming practices. Through its innovative approach and commitment to excellence, Dhanlaxmi Crop Science continues to make significant contributions to the agricultural industry, empowering farmers with the tools they need to succeed in an ever-evolving landscape.

Dhanlaxmi Crop Science IPO Overview:

• IPO Type: Book Built Issue IPO
• IPO Size: ₹23.80 crores (fresh issue of 43.28 lakh shares)
• Subscription Dates: December 9, 2024, to December 11, 2024.
• Price Per Share: ₹52 to ₹55 per share
• Minimum Lot Size: Minimum application of 2000 shares.
• Book Running Lead Managers: Finshore Management Services Limited
• Registrar: Bigshare Services Pvt Ltd.
• Market Maker: MNM Stock Broking