Dhanlaxmi Crop Science IPO share allotment today: Steps to check status on NSE, Bigshare Services

The investors, who participated in the subscription of the initial public offering (IPO) of Dhanlaxmi Crop Science Ltd, can expect the announcement of share allotment status today, December 12.

According to the timeline given in the red herring prospectus (RHP), Dhanlaxmi Crop Science IPO share allotment status is scheduled to be finalised on Thursday. The company will initiate refunds and transfer of shares to the Demat accounts on Friday, December 13.

The ₹23.80-crore NSE SME IPO was oversubscribed by a massive 556 times at the close of bidding on December 11. The issue received bids for more than 164.1 crore shares against 29.52 lakh shares on offer.

The retail individual investors’ portion was subscribed more than 441 times. The Non-Institutional Investors’ (NIIs) quota was overbooked by a whopping 1,241 times, while the Qualified Institutional Buyers’ (QIBs) segment was overbooked by almost 198 times.

In case you were also one of the subscribers to the Dhanlaxmi Crop Science IPO, you can check the share allotment status online on the website of the National stock Exchange of India (NSE), or on the portal of the issue registrar Bigshare Services Pvt Ltd.

Here’s a step-by-step guide on how to check share allotment status online on the NSE website:

• Visit the NSE IPO allotment status page by clicking here.
• Login with user name and password. First-time investors need to register one time by providing the PAN details. The users then can view the details of the bids entered against the registered PAN number.
• From the dropdown menu for issue names, select Dhanlaxmi Crop Science Ltd.
• Then verify PAN details and enter IPO application number
• Click on ‘Submit’ and you can view whether any shares have been allotted against your PAN number or not.

To check share allotment status online on Bigshare Services Pvt Ltd, follow the steps given below:

• Visit the official website here.
• Select any one of the three servers to know the allotment status.
• From the ‘Company Selection’ dropdown menu, select Dhanlaxmi Crop Science Ltd.
• In the ‘Selection Type’ dropdown menu, select whether you want to identify yourself using your IPO application number, beneficiary ID (Demat account) or PAN details.
• Enter the captcha and click on ‘Search’.

You will be able to see the IPO shares allotment details.

The IPO share allotment details will only be shown onscreen after the company finalises the basis of share allocation. For those who have not been allotted shares, refunds /unblocking of funds from ASBA account or UPI ID-linked bank account would be initiated on the same day.

The stock is scheduled to start trading on the NSE SME platform on December 16.

Dhanlaxmi Crop Science IPO subscription and other key details

The Dhanlaxmi Crop Science IPO was a book-built issue made up entirely of a fresh issuance of 43.28 lakh shares. The issue was priced in the range of ₹52-55 per share with a minimum single lot size of 2,000 shares.

Ahead of the IPO, Dhanlaxmi Crop Science raised ₹6.37 crore from anchor investors. The company on December 6 finalized allocation of 11.58 lakh equity shares to a total of five anchor investors at an average price of ₹55 per share.

Dhanlaxmi Crop Science is a seeds company that develops, produces, processes, and sells seeds for various field crops and vegetables. It was incorporated in 2005.

In the financial year 2023-24, the company’s revenue increased by 37% to ₹63.75 crore compared with a year ago. Profit after tax (PAT) rose by 55% to ₹4.65 crore during the same period. For the six months ended September 2024, revenue stood at ₹120 crore and net profit at ₹8.2 crore.