IPO details · Updated
Dhanwel Hybrid Seeds Limited
- 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
- 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
Offer opens
19 Aug 2026
Offer closes
21 Aug 2026
Allotment
24 Aug 2026
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
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| All categories | 25,63,200 | 42,34,800 | 1.65x |
| Total | 25,63,200 | 42,34,800 | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,37,600 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹3,56,400 |
| Big HNI (B-HNI) | 9 | 10,800 | ₹10,69,200 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 36.99 | 21.07 | 7.89 |
| Total Income | 74.59 | 44.13 | 35.49 |
| Profit After Tax | 6.12 | 2.16 | 1.91 |
| EBITDA | 9.24 | 3.66 | 2.79 |
| Net Worth | 19.66 | 13.27 | 3.65 |
| Reserves & Surplus | 13.25 | 9.03 | 0.27 |
| Total Borrowing | 7.68 | 5.97 | 1.94 |
Key Performance Indicators
| Period | Mar-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
| Company | P/E | ROE |
|---|---|---|
| Bombay Super Hybrid Seeds Ltd. | 39.09 | 20.35% |
| Upsurge Seeds of Agriculture Ltd. | 14 | 12.06% |
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
Opens the source filing in a new tab
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