| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 35.49 | 44.13 | 74.59 |
| Expenses | 32.86 | 40.78 | 66.26 |
| Other Income | 0.00 | 0.01 | 0.00 |
| Total Revenue | 35.49 | 44.13 | 74.59 |
| Profit Before Tax | 2.63 | 3.35 | 8.33 |
| Net Profit | 1.91 | 2.16 | 6.12 |
Dhanwel Hybrid Seeds
Dhanwel Hybrid Seeds IPO
₹2,28,000
0.5 xOver-subscribedBidding Dates 19 Aug, 26 -21 Aug, 26
Min Investment ₹2,28,000
Lot Size1,200
Price Range ₹95 – ₹99
Issue Size ₹26.73 Cr.
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IPO Subscription Details
Retail Subscription Details
0.94 x
Non-Institutional Buyers (sHNI)
0.16 x
Non-Institutional Buyers (bHNI)
0.01 x
Qualified Institutional Buyers (QIB)
0 x
Total0.5 x
0.5 x IPO Timeline
IPO Offer Start
19 Aug,26
IPO Offer Ends
21 Aug,26
Allotment Finalisation
24 Aug,26
Refund Initiation
25 Aug,26
Listing of Shares
26 Aug,26
IPO Analysis
Strengths
The company is supported by an integrated process covering genetic material sourcing, seed production, processing, quality control, packaging, and supply of field crop and vegetable seeds.
The company operates a modern seed processing facility at Jashapar, Kalavad, Jamnagar, spread across over 10,218 square feet and equipped for cleaning, grading, treatment, and packaging.
Seed availability is supported through contract-growing farmers as well as direct procurement from farmers and the open market, reducing exclusive dependence on contract farmers.
Risks
The company's operations are closely aligned with agricultural cycles and seasonal patterns, with demand for seed products largely dependent on monsoon patterns, rainfall timing and quantity, and farmers' sowing decisions. Adverse climatic conditions during peak sowing seasons may have a material adverse effect on the company's business, financial condition, and results of operations.
The company's top ten customers accounted for 64.27%, 22.23%, and 17.26% of revenue from operations for Fiscal 2026, 2025, and 2024 respectively. The company has not entered into long-term agreements with customers, making it significantly dependent on maintaining good relationships with major customers.
The company's top ten suppliers accounted for 58.55%, 24.61%, and 13.63% of total purchases for Fiscal 2026, 2025, and 2024 respectively. The company has not entered into long-term agreements with suppliers, creating dependency on maintaining good relationships for regular supply of raw materials.
Objectives
The company proposes to utilize net proceeds towards full or partial repayment or prepayment of borrowings availed from banks and financial institutions to reduce outstanding indebtedness and debt servicing costs.
The company operates in a working capital intensive industry and proposes to fund working capital requirements including inventories, trade receivables, and other current assets to support business operations.
The company proposes to utilize proceeds for general corporate purposes in accordance with regulatory requirements, not exceeding fifteen percent of the amount being raised or specified limits.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 7.89 | 21.07 | 36.99 |
| Current Assets | 6.07 | 17.87 | 32.00 |
| Fixed Assets | 1.83 | 3.20 | 4.99 |
| Total Equity & Liabilities | 7.89 | 21.07 | 36.99 |
| Total Liabilities | 4.24 | 7.80 | 17.33 |
| Current Liabilities | 4.23 | 6.91 | 15.84 |
| Non Current Liabilities | 0.02 | 0.89 | 1.49 |
| Total Equity | 3.65 | 13.27 | 19.66 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.32 | 3.66 | -3.19 |
| Investing Activities | -1.79 | -1.55 | -2.14 |
| Operating Activities | 0.00 | -6.06 | -2.49 |
| Financing Activities | 1.47 | 11.28 | 1.43 |
About Dhanwel Hybrid Seeds
The company operates in the agricultural seed business, procuring improved genetic seed material from recognized institutions and open market sources for seed production through contractual arrangements with seed-growing farmers. The company's operations involve systematic seed processing including cleaning, grading, treatment, and quality checks at their processing facility, followed by packing,...more
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Managing DirectorMr. Kishankumar Gordhanbhai Meghani
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