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Dhanwel Hybrid Seeds
๐
Founded: 2018
๐ Jamnagar, Gujarat
๐ฅ 18 employees
๐ dhanwelseeds.com
๐ Face Value: โน10
๐ฆ Market Cap: โน90 Cr
Price Band
โน95 โ โน99
Issue Size
โน27 Cr
Lot Size
1200 shares
Min. Investment
โน1,18,800
GMP
+โน0 (+0%)
Est. Return
+0%
Listing Date
02 Jul 2026
Registrar
Cameo Corporate Services
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
โญ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issueโน27 Cr
Offer for Sale (OFS)โ
Total Issue Sizeโน27 Cr
Face Valueโน10
Market Cap (at issue)โน90 Cr
Listing ExchangeBSE SME
๐
Open Date24 Jun 2026
๐ Close Date29 Jun 2026
โ๏ธ Cut-off Price Date29 Jun 2026
๐๏ธ Allotment Date30 Jun 2026
๐ธ Refund Initiation01 Jul 2026
๐ Demat Credit01 Jul 2026
๐ Listing Date02 Jul 2026
Objects of the Issue
- ๐ฐ Repayment of borrowings โ โน7.60 Cr
- ๐ฐ Working capital requirements โ โน11.60 Cr
- ๐ฐ General Corporate Purposes
About the Company
Incorporated in 2018, Dhanwel Hybrid Seeds is engaged in seed manufacturing and supply for field crops and vegetables. It develops and produces quality seeds โ Groundnut, Soybean, Gram, Sesame, Wheat, Green Gram, Black Gram, Fenugreek, and Cumin โ by sourcing improved genetic material from recognised institutions. Seeds are processed at its facility in Jashapar, Jamnagar, Gujarat, through cleaning, grading, treatment, and packing.
Strengths
- โ Revenue grew 69% and PAT rose 183% in FY26 vs FY25
- โ Wide range of seed varieties covering major food and oilseed crops
- โ Strong order book of โน13.13 Cr
- โ Near-zero debt with Debt/Equity of 0.39
Risk Factors
- โ ๏ธ Highly competitive and fragmented seed market
- โ ๏ธ Dependency on monsoon and agricultural cycles
- โ ๏ธ Merchant banker has a poor track record per analyst reviews
- โ ๏ธ Only 18 permanent employees โ very small team
Subscription Status
Not yet open
QIB: โ
NII: โ
RII: โ
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | โ | โ | 0.00x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | โ | โ | โ | 0.00x |
Share Reservation
QIB
1%
NII
49%
RII
49%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
49.94%
Pre-IPO
โ -14.8%
35.11%
Post-IPO
IPO Timeline
โ
Open Date
24 Jun 2026
โ
Close Date
29 Jun 2026
โ
Allotment Date
30 Jun 2026
โ
Listing Date
02 Jul 2026
Key Financials
Revenueโน75 Cr
PATโน6.1 Cr
EPSโน9.55
P/E Ratio10.4x
ROE37.2%
Market Capโน90 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 |
|---|---|---|
| Assets | 36.99 | 21.07 |
| Total Income | 74.59 | 44.13 |
| Profit After Tax | 6.12 | 2.16 |
| EBITDA | 9.24 | 3.66 |
| Net Worth | 19.66 | 13.27 |
| Reserves & Surplus | 13.25 | 9.03 |
| Total Borrowing | 7.68 | 5.97 |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 31.13 | 16.28 |
| EBITDA Margin (%) | 12.39 | 8.29 |
| Debt / Equity | 0.39 | 0.45 |
| Net Worth (Rs. Cr) | 19.66 | 13.27 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | โน9.55 | โ |
| P/E (x) | 10.4x | โ |
| ROE (%) | 37.2% | โ |
| Promoter Holding | 49.94% | 35.11% |
| Market Cap | โน90 Cr | |
IPO Registrar
Cameo Corporate Services
IPO FAQs
Dhanwel Hybrid Seeds IPO is a SME IPO with an issue size of โน27 Cr at a price band of โน95 โ โน99. Minimum lot size is 1200 shares (minimum investment ~โน1,18,800). Opens on 24 Jun 2026 and closes on 29 Jun 2026. Proposed listing on BSE SME. Registrar: Cameo Corporate Services.