Minerva Capital Research Solutions

Dhanwel Hybrid Seeds

ListedListed 26 Aug 2026BSE SMENSE: DHANWELCheck allotment
Current price₹ 39.9−59.7% since issue
Listing day0%
Issue price
₹ 99
Issue size
₹ 26.73 Cr.
Min. investment
₹ 1,18,800
Listing price
₹ 99
Subscribed
1.62x
Lot size
1,200 shares
P/E
14.74
RoNW
31.11%
RoCE
49.36%
PAT margin
8.20%
EPS
₹ 6.72
Promoter stake
35.12%

About

Dhanwel Hybrid Seeds Limited is engaged in the research, development, production and distribution of hybrid seeds for various agricultural crops and vegetables. The company sources genetic seed material from agricultural institutions, research organisations and other channels, and works closely with contract farmers for seed multiplication. Through its field teams and agronomists, Dhanwel monitors crop quality and provides technical guidance to ensure seed performance and consistency. The company follows an integrated business model covering seed development, cultivation, processing, packaging and marketing. Its operations are aimed at supplying high-quality seeds that help improve crop yields and productivity for farmers. Promoted by experienced professionals in the seed industry, Dhanwel focuses on expanding its product portfolio and strengthening its distribution network across key agricultural regions in India.

Timeline

  1. Opens
    19 Aug
    done
  2. Closes
    21 Aug
    done
  3. Allotment
    24 Aug
    done
  4. Refunds
    25 Aug
    done
  5. Demat credit
    25 Aug
    done
  6. Listing
    26 Aug
    done

Grey market premium (GMP)

GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Highest
₹ 12 on 19 Aug 2026
Lowest
₹ 0 on 17 Jun 2026
First quoted
₹ 0 on 17 Jun 2026

Subscription

How many times each investor group bid for its share, as of 26 Aug 2026, 08:58 PM IST.

How much to apply for

The smallest and largest bids for each kind of investor at the upper price band.

Lots and amounts by investor type
Retail (Min)11,200₹ 1,18,800
Retail (Max)11,200₹ 1,18,800
HNI (Min)22,400₹ 2,37,600

Company overview

Financials

Financials by year
Assets36.9921.077.89
Total Income74.5944.1335.49
Profit After Tax6.122.161.91
EBITDA9.243.662.79
NET Worth19.6613.273.65
Reserves and Surplus13.259.030.27
Total Borrowing7.685.971.94

Strengths

  • Operates in the essential agricultural seeds sector with consistent long-term demand.
  • Integrated operations covering seed development, production, processing and distribution.
  • Diversified portfolio of field crop and vegetable seeds reduces product concentration risk.
  • Strong relationships with contract farmers support scalable seed production.
  • Focus on quality control and agronomic support enhances product reliability.

Risks

  • Business performance is highly dependent on monsoon conditions and agricultural output.
  • Crop failure during seed multiplication can adversely impact seed availability and revenues.
  • Intense competition from established domestic and multinational seed companies may affect growth.
  • Regulatory changes related to seed approvals and agricultural policies could impact operations.
  • Dependence on contract farmers creates risks related to production quality and supply consistency.

What the money is for

Objects of the issue
Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions7.6
Funding the working capital requirements of the Company11.6
General Corporate Purposes—

Promoters

  • Kishankumar Gordhanbhai Meghani
  • Vimal Mansukhbhai Vekariya
  • Sudhir Mohanbhai Pilaliya
  • Nikul Mansukhbhai Vekariya
Promoter holding49.94%→35.12%before → after the issue · down 14.82 points

Registrar, lead managers and documents

Listing on
BSE SME
Face value
₹ 10 a share
Registrar
Cameo Corporate Services Limited
Lead managers
Wealth Mine Networks Pvt.Ltd.
Basis of allotment
Open

IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.