Dhanlaxmi Crop Science IPO: Check price band, issue details, lot size, key dates and more

Dhanlaxmi Crop Science IPO: The NSE SME initial public offering of Dhanlaxmi Crop Science will open for public subscription on Monday, December 9 and close on Wednesday, December 11. The price range has been fixed at ₹52 to ₹55 per share.

The ₹23.80 crore initial share sale is a fresh issue of 43.28 lakh equity shares without an offer-for-sale component.

The money raised will be used to meet working capital requirements, IPO expenses and general corporate purposes.

Dhanlaxmi Crop Science IPO: Lot size

Investors can bid for at least 2,000 shares, taking the transaction size to ₹110,000. The minimum investment for high net-worth individuals (HNIs) is two lots worth ₹220,000.

Kamleshkumar Jayantilal Patel, Alpeshbhai Jayantibhai Patel, and Meet Kamleshkumar Patel are the company's promoters, who currently hold 76.70% stake. Their shareholding will be reduced to 56.37% after listing.

Dhanlaxmi Crop Science IPO: Allotment and listing date

The basis of allotment will be finalised on Thursday, December 12. The refunds for unsuccessful investors will take place on December 13. Shares will be credited to the Demat account of successful investors on the same day.

Dhanlaxmi Crop Science shares will be listed on the NSE SME platform Emerge on Monday, December 16.

About the company

Dhanlaxmi Crop Science is a technology-driven seeds company that develops, processes, and sells various field crops and vegetables.

The company integrates traditional breeding techniques with biotechnology tools to produce hybrid and open-pollinated field crops and vegetable seeds that offer higher yields, improved product quality, and greater disease tolerance than naturally occurring varieties.

As of September 30, 2024, Dhanlaxmi Crop Science, which operates in five states, produces 24 field crops and vegetable seeds.

The book-running lead manager for the issue is Finshore Management Services Ltd, while Bigshare Services is the registrar. The market maker for the offer is MNM Stock Broking.