Dhanwel Hybrid Seeds Limited logo

IPO details · Updated

Dhanwel Hybrid Seeds Limited

ClosedSMEBSE: 544884
Check Allotment
Price Band
₹95 – ₹99
Lot Size
1,200 shares
Min. Investment
₹1,18,800
Issue Size
₹26.73 Cr
Offer Dates
19 Aug – 21 Aug 2026
Listing
26 Aug 2026

Issue Details

Full details →
Total Issue Size
₹26.73 Cr
27,00,000 shares
Fresh Issue
₹26.73 Cr
27,00,000 shares
Offer for Sale
₹0 Cr
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
BSE SME
Shares Pre-Issue
64,03,320
Shares Post-Issue
91,03,320

IPO Timeline

  1. Offer opens

    19 Aug 2026

  2. Offer closes

    21 Aug 2026

  3. Allotment

    24 Aug 2026

  4. Listing

    26 Aug 2026

Issue Allocation

Share of the offer reserved for each investor category

  • QIB1.1%28,800 shares
  • HNI46.9%12,67,200 shares
  • Retail46.9%12,67,200 shares
  • MarketMaker5.1%1,36,800 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
All categories25,63,20042,34,800
1.65x
Total25,63,20042,34,800
1.65x

Lot Size & Investment

1 lot = 1,200 shares

Retail (min)

2 lots · 2,400 shares

Retail (max)

2 lots · 2,400 shares

S-HNI (min)

3 lots · 3,600 shares

ApplicationLotsSharesAmount
Retail22,400₹2,37,600
Small HNI (S-HNI)33,600₹3,56,400
Big HNI (B-HNI)910,800₹10,69,200

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets36.9921.077.89
Total Income74.5944.1335.49
Profit After Tax6.122.161.91
EBITDA9.243.662.79
Net Worth19.6613.273.65
Reserves & Surplus13.259.030.27
Total Borrowing7.685.971.94

Key Performance Indicators

Key performance indicators
PeriodMar-26
ROE (%)37.15
ROCE (%)49.36
EPS (₹)9.55
P/E (pre-issue)10.37
P/E (post-issue)14.74

Peer Comparison

Listed companies in the same business

CompanyP/EROE
Bombay Super Hybrid Seeds Ltd.39.0920.35%
Upsurge Seeds of Agriculture Ltd.1412.06%

About Dhanwel Hybrid Seeds Limited

Incorporated in 2018, Dhanwel Hybrid Seeds is engaged in the business of seed manufacturing and supply for various field crops and vegetables. It develops and produces quality seeds by sourcing improved genetic seed material from recognised institutions, research organisations, and the open market. Seed production is carried out through a well-planned process that includes cultivation, processing, quality control, and packaging. Its products include Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat seeds, Green Gram Seeds and Black Gram Seeds, Fenugreek Seeds and Cumin Seeds, and others. The Company works with selected seed-growing farmers under supervised arrangements, where it provides seed material and technical guidance while closely monitoring crop quality. After harvest, seeds are processed at the company's facility in Jashapar, Jamnagar, through cleaning, grading, treatment, and packing to ensure high quality and viability. The company also procures seeds directly from farmers and the open market when required. As of April 30, 2026, the company had 18 employees across various business functions, supported by additional daily-wage workers as needed. Competitive Strengths: Wide Range of Seeds and its Variants Quality Assurance Customer Satisfaction Experienced Promoter supported by dedicated Management team Strong order book of Rs 1,312.50 Lakhs

Objects of the Issue

  • Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions (₹7.60 Cr)
  • Funding the working capital requirements of the Company (₹11.60 Cr)
  • General Corporate Purposes (₹4.01 Cr)
  • Issue Expenses (₹3.52 Cr)

Promoters

  • Kishankumar Gordhanbhai Meghani
  • Vimal Mansukhbhai Vekariya
  • Sudhir Mohanbhai Pilaliya
  • Nikul Mansukhbhai Vekariya

Company Information

Book running lead managers
  • Wealth Mine Networks Ltd.
Registered office
Survey No. 289/1, Opp. Saffron School,, Rajkot- Kalawad Highway,, At- Jashapar,, Jamnagar, Gujarat, 361160
Market maker
Aikyam Capital Pvt.Ltd.

Official Documents

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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.