Dhanlaxmi Crop Science IPO: The preliminary public supply (IPO) of Dhanlaxmi Crop Science opened for subscription on Monday, December 9 within the value band of ₹52 to ₹55 per share.
The three-day IPO of Dhanlaxmi Crop Science will shut for subscription on Wednesday, December 11. The allotment date for Dhanlaxmi Crop Science IPO is more likely to be Thursday, December 12, with the itemizing doubtless on the NSE SME platform.
Dhanlaxmi Crop Science IPO is fully a contemporary concern of 43.28 lakh shares, with the corporate trying to increase ₹23.80 crore on the higher value band. The corporate raised ₹6.37 crore from anchor traders forward of the IPO opening on Friday, December 6.
The corporate plans to utilise the funds raised through the IPO to fulfill working capital necessities, concern bills and for basic company functions.
Dhanlaxmi Crop Science IPO Subscription Standing
Dhanlaxmi Crop Science IPO sailed by means of on the primary day of the bidding course of on Monday, December 9. As of 12.15 pm on the second day of the bidding, Dhanlaxmi Crop Science IPO was subscribed 31.81 instances, with the retail portion booked probably the most.
Within the retail class, Dhanlaxmi Crop Science IPO was oversubscribed by 50.80 instances. Within the non-institutional investor (NII) class, the supply was booked 23.67 instances whereas the certified institutional purchaser (QIB) class garnered 1.32 instances bids.
Dhanlaxmi Crop Science IPO GMP
The gray market premium or GMP for Dhanlaxmi Crop Science IPO stood at ₹28 on Tuesday, December 10. This implies, Dhanlaxmi Crop Science shares are buying and selling greater by ₹28 than their IPO value within the gray market.
As per the most recent GMP, Dhanlaxmi Crop Science IPO shares might record at ₹83 or a premium of 51% over the IPO value of ₹55.
Dhanlaxmi Crop Science IPO Lot Measurement
The minimal lot measurement for an software is 2,000 shares, with a minimal funding of ₹110,000 required for retail traders. For top net-worth people (HNIs), the minimal lot measurement is 2 tons (4,000 shares), totalling ₹220,000.
About Dhanlaxmi Crop Science
Included in 2005, Dhanlaxmi Crop Science is a technology-driven seeds firm that develops, produces, processes and sells seeds for a spread of discipline crops and greens. As of September 2024, the corporate produced seeds for twenty-four completely different discipline crops and greens, with operations in 5 states throughout India.
The corporate’s revenue after tax (PAT) elevated by 55% YoY to ₹465.36 lakhs in FY24 from ₹299.55 lakhs in FY23. In the meantime, its complete revenue rose 37% to ₹6,375 lakhs in FY24 from ₹4,664.17 crore in FY23.
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