Dhanwel Hybrid Seeds IPO
Bookbuilding IPO | ₹27.00 Cr | Listing at BSE SME
Closed
IPO Open
Wed, Jun 24, 2026
IPO Close
Mon, Jun 29, 2026
Price Band
₹95.00 to ₹99.00
Market Cap (Pre-IPO)
₹90.12 Cr
IPO Details
| IPO Date | Jun 24, 2026 to Jun 29, 2026 |
| Listing Date | Tentative: Jul 02, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹95.00 to ₹99.00 |
| Lot Size | 1200 Shares (Minimum: ₹118,800.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹27.00 Crores |
| Total Shares Offered | 2,700,000 shares |
| Fresh Issue | 2,563,200 shares |
| Offer For Sale | 2,700,000 shares |
Dhanwel Hybrid Seeds IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 28,800 |
| Retail Shares Offered | 12,67,200 |
| NII Shares Offered | 12,67,200 |
Dhanwel Hybrid Seeds IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹237,600 |
| Retail (Max) | 2 | 2,400 | ₹237,600 |
| S-HNI (Min) | 3 | 3,600 | ₹356,400 |
| S-HNI (Max) | 8 | 9,600 | ₹950,400 |
| B-HNI (Min) | 9 | 10,800 | ₹1,069,200 |
Dhanwel Hybrid Seeds Financial Information (Restated Consolidated)
Dhanwel Hybrid Seeds Ltd.'s revenue increased by 69% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| 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 and Surplus | 13.25 | 9.03 | 0.27 |
| Total Borrowing | 7.68 | 5.97 | 1.94 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 37.15% |
| ROCE (Return on Capital Employed) | 49.36% |
| Debt/Equity | 0.39 |
| RoNW (Return on Net Worth) | 31.11% |
| PAT Margin (Profit After Tax Margin) | 8.20% |
| EBITDA Margin | 12.38% |
| Price to Book Value | 3.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.55 | 6.72 |
| P/E (x) | 10.37 | 14.74 |
| Promoter Holding | 49.94% | 35.11% |
Company Promoters
- Mr. Kishankumar Gordhanbhai Meghani
- Mr. Vimal Mansukhbhai Vekariya
- Mr. Sudhir Mohanbhai Pilaliya and Mr. Nikul Mansukhbhai Vekariya.
Company Overview
Dhanwel Hybrid Seeds – Company Overview
- Incorporated in 2018, Dhanwel Hybrid Seeds is engaged in the manufacturing and supply of agricultural seeds for various field crops and vegetables.
- The company develops and produces quality seeds by sourcing improved genetic seed material from research institutions, recognized organizations, and the open market.
- Its product portfolio includes Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat Seeds, Green Gram Seeds, Black Gram Seeds, Fenugreek Seeds, Cumin Seeds, and other crop seeds.
- The company follows a structured seed production process involving cultivation, processing, quality control, treatment, grading, and packaging to ensure seed quality and performance.
- Dhanwel Hybrid Seeds works closely with selected seed-growing farmers under supervised arrangements, providing seed material, technical guidance, and crop monitoring support throughout the cultivation cycle.
- The company operates a seed processing facility in Jashapar, Jamnagar, Gujarat, where harvested seeds are cleaned, graded, treated, and packed before distribution.
- In addition to contract seed production, the company also procures seeds directly from farmers and the open market to meet customer demand.
- As of April 30, 2026, the company had 18 employees across various business functions, supported by additional daily-wage workers as required.
Company 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
Use of Proceeds
| 1) | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions | 7.60 |
| 2) | Funding the working capital requirements of the Company | 11.60 |
| 3) | General Corporate Purposes | |
| Total | 19.20 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Dhanwel Hybrid Seeds IPO Peer Comparison
Dhanwel Hybrid Seeds peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Dhanwel Hybrid Seeds Ltd. | 9.56 | - | 30.70 | - | 31.11 | - | - |
| Bombay Super Hybrid Seeds Ltd. | 2.54 | - | 12.49 | 39.09 | 20.35 | 8.25 | - |
| Upsurge Seeds of Agriculture Ltd. | 7.43 | - | 61.47 | 14.00 | 12.06 | 1.70 | - |
Quick Info
| Sector | Agricultural Inputs and Agribusiness |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹90.12 Cr |
Important Dates
| IPO Open | Jun 24, 2026 |
| IPO Close | Jun 29, 2026 |
| Allotment Date | Jun 30, 2026 |
| Credit to Demat | Jul 01, 2026 |
| Listing Date | Tentative: Jul 02, 2026 |
Lead Manager(s)
Wealth Mine Networks Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹26.73 crores.
- Issue Structure: Entirely a fresh issue of 0.27 crore shares totaling ₹26.73 crores.
- IPO Dates: The issue opens on June 24, 2026 and closes on June 29, 2026.
- Allotment Date: The allotment is expected to be finalized on June 30, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on July 2, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,37,600 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹3,56,400.
- Issue Price Band: ₹95 to ₹99 per equity share.
- Lot Size: 1,200 shares per lot.
This IPO offers investors an opportunity to participate in the agricultural and hybrid seed production sector through a fresh issue of shares.