Bookbuilding IPO | ₹27 Cr | Listing at BSE SME |
Dhanwel Hybrid Seeds Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.27 crore equity shares worth ₹26.73 crores.
The equity shares are proposed to be listed on the BSE SME. Wealth Mine Networks Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Dhanwel Hybrid Seeds IPO RHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹99 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,00,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,36,800 shares Aikyam Capital Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,63,200 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 25,63,200 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 64,03,320 shares |
| Share Holding Post Issue | 91,03,320 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Dec 31, 2025 |
| SEBI/Exchange approval received | Thu, Mar 5, 2026 |
Dhanwel Hybrid Seeds IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,63,200 shares, after excluding 1,36,800 shares allotted on a firm basis. Of the Net offer 28,800 (1.12%) are allocated to QIB, 12,67,200 (49.44%) allocated to NII 12,67,200 (49.44%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,800 | 1.12% | 1.07% |
| NII (HNI) Shares Offered | 12,67,200 | 49.44% | 46.93% |
| − bNII > ₹10L | 8,44,800 | 31.29% | |
| − sNII < ₹10L | 4,22,400 | 15.64% | |
| Retail Shares Offered | 12,67,200 | 49.44% | 46.93% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,800 | 5.07% | |
| Total Shares Offered | 27,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,400 | ₹2,37,600 |
| Individual investors (IND) (Max) | 2 | 2,400 | ₹2,37,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,56,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,50,400 |
| B-HNI (Min) | 9 | 10,800 | ₹10,69,200 |
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:
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 ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Adon Agro Commodities Ltd. | SME | ₹44.03 Cr | ₹70 | 16.22 | ₹82.16 | +17.37% | ₹86.94 (-1.36%) |
| M R Maniveni Foods Ltd. | SME | ₹27.04 Cr | ₹52 | 18.11 | ₹41.13 | -20.90% | ₹31.88 (+3.61%) |
| NFP Sampoorna Foods Ltd. | SME | ₹24.53 Cr | ₹55 | 16.81 | ₹51.80 | -5.82% | ₹24.10 (+2.34%) |
| Stanbik Agro Ltd. | SME | ₹12.28 Cr | ₹30 | 5.9 | ₹33.33 | +11.10% | ₹32.79 (+7.51%) |
| Unisem Agritech Ltd. | SME | ₹21.45 Cr | ₹65 | 12.21 | ₹61.75 | -5.00% | ₹57.89 (+5.04%) |
| Shreeji Global FMCG Ltd. | SME | ₹85.00 Cr | ₹125 | 16.42 | ₹101.70 | -18.64% | ₹149.00 (-0.67%) |
| BharatRohan Airborne Innovations Ltd. | SME | ₹45.04 Cr | ₹85 | 16.38 | ₹91.99 | +8.22% | ₹111.95 (-0.09%) |
| Sawaliya Foods Products Ltd. | SME | ₹34.83 Cr | ₹120 | 12.64 | ₹239.40 | +99.50% | ₹295.00 (-1.94%) |
| Amir Chand Jagdish Kumar (Exports) Ltd. | Mainboard | ₹440.00 Cr | ₹212 | 28.86 | ₹180.00 | -15.09% | ₹185.11 (+3.65%) |
| Trualt Bioenergy Ltd. | Mainboard | ₹839.28 Cr | ₹496 | 23.89 | ₹530.95 | +7.05% | ₹417.20 (-1.09%) |
| Regaal Resources Ltd. | Mainboard | ₹306.00 Cr | ₹102 | 17.58 | ₹131.58 | +29.00% | ₹79.22 (+0.18%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 37.15% |
| ROCE | 49.36% |
| Debt/Equity | 0.39 |
| RoNW | 31.11% |
| PAT Margin | 8.20% |
| EBITDA Margin | 12.38% |
| Price to Book Value | 3.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.55 | 6.72 |
| P/E (x) | 10.37 | 14.74 |
| Promoter Holding | 49.94% | 35.11% |
| Market Cap | ₹90.12 Cr. |
Lead Manager Reports
Dhanwel Hybrid Seeds IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹95 to ₹99. The minimum order quantity is 1200.
The Dhanwel Hybrid Seeds IPO open and close dates are not available as of now.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dhanwel Hybrid Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in Dhanwel Hybrid Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dhanwel Hybrid Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dhanwel Hybrid Seeds IPO dates are not announced. Please check back again after some time.
Dhanwel Hybrid Seeds IPO lot size is 1200, and the minimum amount required for application is ₹2,37,600, with 2 lots being the minimum application size.
You can apply in Dhanwel Hybrid Seeds IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dhanwel Hybrid Seeds IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dhanwel Hybrid Seeds IPO allotment status.
The Dhanwel Hybrid Seeds IPO listing date is not yet announced. The tentative date of listing is .
