Dhanwel Hybrid Seeds IPO

UpcomingSME· BSE SME· DHANWEL

Price band

₹95 – ₹99

Lot size

1200 shares

Min investment

₹1,18,800

Issue size

₹26.73 Cr

IPO schedule

Open date24 Jun 2026
Close date29 Jun 2026
UPI mandate cut-off29 Jun 2026
Allotment finalisation30 Jun 2026
Refund initiation1 Jul 2026
Shares credited to demat1 Jul 2026
Listing date2 Jul 2026
Mandate end date14 Jul 2026
Anchor lock-in (50%)29 Jul 2026
Anchor lock-in (remaining)27 Sept 2026

About Dhanwel Hybrid Seeds

Dhanwel Hybrid Seeds Limited is engaged in the seed manufacturing business, covering the development, multiplication, processing, and supply of seeds for a range of field crops and vegetables. The company procures breeder and other genetic seed material from recognised agricultural institutions, government-supported research organisations, and the open market. Seed production is carried out through arrangements with seed-growing farmers, where the company provides seed material, cultivation protocols, and technical supervision, while monitoring crop quality through its agronomists and field staff. After harvest, seeds undergo cleaning, grading, treatment, quality checks, packing, and storage at the company’s processing facility in Jamnagar, Gujarat. The company also procures seeds directly from farmers and the open market when required and processes them before sale. Operating in a single business segment, it generates revenue from the sale of seeds marketed under the “Dhanwel Seeds” brand and follows an integrated approach encompassing sourcing, production, quality control, and distribution.

Strengths

  • Operates an integrated seed business covering sourcing, production, processing, quality control, and distribution.
  • Works with experienced agronomists, field staff, and technicians to maintain seed quality standards.
  • Uses contract seed-growing farmers while also sourcing from farmers and the open market, providing procurement flexibility.
  • Has a dedicated seed processing facility in Jamnagar equipped for cleaning, grading, treatment, packing, and storage.
  • Markets its products under the “Dhanwel Seeds” brand and holds ISO 9001:2015 certification.

Risks

  • A significant portion of revenue is generated from a limited number of customers.
  • A significant portion of purchases is sourced from a limited number of suppliers.
  • The business is exposed to inflation, which can increase raw material and labour costs.
  • Seed production depends on contract farmers and agricultural cultivation activities.
  • The company operates in a competitive seed industry with several established players.

Use of proceeds

Repayment of borrowings7.6 (28.43%) Cr
Working capital11.6 (43%) Cr
General corporate purposes7.53 (28.17%) Cr

IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.