About the Company – Dhanlaxmi Crop Science

Dhanlaxmi Crop Science is a technology-driven seed company that was founded in 2005 and specializes in the development, manufacturing, processing and distribution of seeds for a range of vegetables and field crops. The company’s goal is to develop hybrid and open-pollinated seed types that outperform naturally occurring varieties in terms of yield, quality and resistance to pests and diseases by combining traditional breeding techniques with cutting-edge biotechnological technologies. Are you guys ready to invest in it? Set up your Demat account now with Angel One

News updates on Dhanlaxmi Crop Science IPO:

• On Monday – December 16, Dhanlaxmi Crop Science shares made a great debut on the NSE SME, listing for ₹104.5, which is 90% more than the issue price of ₹55. 
• The ₹23.80 crore SME IPO of Dhanlaxmi Crop Science was available for subscription between December 9 and December 11. 
• The pricing range for the Dhanlaxmi Crop IPO was between ₹52 and ₹55 per equity share.
• The Dhanlaxmi Crop IPO ended with strong demand after three days of bidding, receiving 555.83 times bids. In contrast to the 29.52 lakh shares available, 164.08 crore shares were bid on during the IPO. 
• While the non-institutional investor (NII) category was subscribed 1,241.27 times- the retail investor sector was booked 441.18 times. In the meantime, 197.65 bids were placed on the qualified institutional buyers (QIB) part.

About the IPO of Dhanlaxmi Crop:

The Dhanlaxmi Crop IPO was a brand-new 43.28 lakh share offering. The IPO did not include an offer for sale (OFS) component. Promoters’ stake in the business will drop from 76.7% before the IPO to 56.3% after the offering. On December 6, 2024, anchor investors contributed ₹6.37 crore to the company. With a minimum lot size of 2,000 shares and a minimum investment of ₹1.10 lakh, retail investors were eligible to apply. An additional 18% of the net offer is set aside for qualified institutional bidders (QIBs). Retail investors will receive 35% of the net offer, while non-institutional investors (NIIs) will receive 15%. Bigshare Services Pvt Ltd is the issue’s registrar and Finshore Management Services Limited is the book running lead manager for the Dhanlaxmi Crop Science IPO. MNM Stock Broking Private Limited is the market maker for Dhanlaxmi Crop Science’s initial public offering. We hope you got enough understanding about the IPO and Listing. So, stay tuned for more such blogs and information! 

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Authored by – Deepa Trivedi

Dhanlaxmi Crop Science IPO