Dhanwel Hybrid Seeds IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 10.51 | 35.49 | 44.13 | 74.59 |
| Expense | 9.86 | 32.86 | 40.78 | 66.26 |
| Profit (PAT) | 0.48 | 1.91 | 2.16 | 6.12 |
| Total Assets | 2.51 | 7.89 | 21.07 | 36.99 |
| Company | P/E | EPS |
|---|---|---|
| Bombay Super Hybrid Seeds Limited | 39.09 | 2.54 |
| Upsurge Seeds of Agriculture Limited | 14.00 | 7.43 |
Promoters: Mr. Kishankumar Gordhanbhai Meghani, Mr. Vimal Mansukhbhai Vekariya, Mr. Sudhir Mohanbhai Pilaliya and Mr. Nikul Mansukhbhai Vekariya
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 64,03,320 | 49.93% |
| Promoter Holding Post Issue | 91,03,320 | 35.11% |
Strengths & Risks
- Revenue grew 69% in the latest reported year.
- Solid profit margin — 8.2%.
- Strong return on equity — 31%.
- Low leverage — debt/equity of 0.39.
- Promoter stake drops to 35% after the issue.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Dhanwel Hybrid Seeds, incorporated in 2018, is one of the leading manufacturers of seeds, field crops, and vegetables. The firm develops and manufactures high-quality seeds by purchasing seed material from recognised institutions, research organisations, and the open market. The seeds then undergo cultivation, processing, quality checks, and packaging before being sold to customers. Its product offering includes Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat Seeds, Green Gram Seeds, Black Gram Seeds, Fenugreek Seeds, and Cumin Seeds. Dhanwel Hybrid Seeds works with selected farmers by providing seed material and guidance while closely monitoring crop quality and arrangements. Once the seeds get harvested, they go to the processing facility in Jashapar, Jamnagar, where they go through cleaning, Grading, Treatment, and packing.
| Purpose | Amount (Cr) |
|---|---|
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions | 6.00 |
| Funding the working capital requirements of our Company | 12.60 |
| General Corporate Purpose | - |
Resources & Documents
Dhanwel Hybrid Seeds Ltd., Survey No. 289/1, Opp. Saffron School,, Rajkot- Kalawad Highway, At- Jashapar,, Jamnagar, Gujarat, 361160
Dhanwel Hybrid Seeds has set a price band of Rs 95–Rs 99 per share for an issue size of Rs 27 crore. The SME issue is scheduled to open for subscription on June 24, 2026 — 7 days from now.
Dhanwel Hybrid Seeds, incorporated in 2018, is one of the leading manufacturers of seeds, field crops, and vegetables. The firm develops and manufactures high-quality seeds by purchasing seed material from recognised institutions, research organisations, and the open market.
The issue is promoted by Mr. Kishankumar Gordhanbhai Meghani, Mr. Vimal Mansukhbhai Vekariya, Mr. Sudhir Mohanbhai Pilaliya and Mr. Nikul Mansukhbhai Vekariya with Wealth Mine Networks Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding towards Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financi… (Rs 6 crore) and Funding the working capital requirements of our Company (Rs 13 crore).
On fundamentals, the company is posting revenue growth of 69.0%, a profit margin of 8.2%, return on equity of 31.1% in its most recent reported period. Listed peers in this segment include Bombay Super Hybrid Seeds Limited (P/E 39.09x) and Upsurge Seeds of Agriculture Limited (P/E 14.00x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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