Dhanwel Hybrid Seeds IPO

Listed SME
Min Investment
₹2,37,600
2400 Shares
Min Investment
₹2,37,600 · 2400 Shares
Open Aug 19
Close Aug 21
Allotment Aug 24
Refund Aug 25
Listing Aug 26
Price Band ₹95–99
Lot Size 2400 shares
Issue Size ₹27 Cr
Listed At ₹99.00 +0%
Subscribed 1.7×
Listed On BSE SME
Listing Price
₹99.00 (+0.00%)
vs issue price
Current Price (BSE)
₹45.50 (-54.04%)
at close, 01 Oct

Market Sentiment

Grey Market Premium What is GMP?
+₹1
+1.0%
Est. Listing: ₹100
Updated: Aug 21, 2026 11:54 am
Subscription Status
QIB
1.00x
NII
0.35x
bNII (>10L)
0.21x
sNII (2-10L)
0.61x
Retail
3.08x
Total
1.70x
Updated: Aug 21, 2026 4:59 pm IST
Analysis Score 39 / 100
Weak Signals
Data: 78%
GMP Score 43
Subscription Score 25
Financial Health 76
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹95–99 per equity share
Face Value₹10 Per Equity Share
Lot Size 2400 shares (Min 2 lots · ₹2,37,600)
Total Issue Size ₹27.00 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBookbuilding Issue
Lead Manager Wealth Mine Networks Pvt. Ltd.
Registrar Cameo Corporate Services Ltd.
Listing atBSE SME
BSE Code544884
ISININE0VWO01011
Listing Price₹99.00
Listing Gain+0.00%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 2,400 ₹2,37,600
Retail Maximum 2 2,400 ₹2,37,600
S-HNI Minimum 3 3,600 ₹3,56,400
S-HNI Maximum 8 9,600 ₹9,50,400
B-HNI Minimum 9 10,800 ₹10,69,200
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
QIB28,8001.07%
NII (HNI)12,67,20046.93%
bNII > ₹10L8,44,80031.29%
sNII < ₹10L4,22,40015.64%
Retail12,67,20046.93%
Total25,63,200

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 0.00x 0.00x 1.00x
NII 0.02x 0.10x 0.35x
bNII > ₹10L 0.00x 0.01x 0.21x
sNII 2-10L 0.06x 0.28x 0.61x
Retail 0.16x 1.41x 3.08x
Total 0.09x 0.75x 1.70x

Financial Analysis

Financial Data
EPS (Pre)
₹9.56
ROE
31.11%
ROCE
49.36%
RoNW
31.11%
EBITDA Margin
12.38%
Debt/Equity
0.39
NAV/Share
₹30.70
Revenue Growth
69.02%
Profit Margin
8.20%
Financial Performance
Metric 2024 2025 2026
Revenue 35.49 44.13 74.59
Expense 32.86 40.78 66.26
Profit (PAT) 1.91 2.16 6.12
Total Assets 7.89 21.07 36.99
Values in Crores (₹)
Peer Comparison
Company EPS P/E RoNW % NAV Income
Bombay Super Hybrid Seeds Limited 2.54 39.09 20.35 12.49 344.08 Cr
Upsurge Seeds of Agriculture Limited 7.43 14.00 12.06 61.47 110.44 Cr
Promoters & Holding Pattern

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

Strengths
  • 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.
Risks & Concerns
  • Promoter stake drops to 35% after the issue.
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Dhanwel Hybrid Seeds

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.

Company Contact Information

Dhanwel Hybrid Seeds Ltd., Survey No. 289/1, Opp. Saffron School,, Rajkot- Kalawad Highway, At- Jashapar,, Jamnagar, Gujarat, 361160

Objects of the Issue
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 IPO — Quick Take

Dhanwel Hybrid Seeds has set a price band of Rs 95–Rs 99 per share for an issue size of Rs 27 crore. The stock listed flat against its issue price.

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.

On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Dhanwel Hybrid Seeds IPO is Rs 95 to Rs 99 per share. Face value is Rs 10 per share.

The total issue size of Dhanwel Hybrid Seeds IPO is Rs 27 crore, comprising fresh issue of Rs 27 crore.

Retail investors must apply for a minimum of 1 lot of 2400 shares, requiring an investment of Rs 2,37,600.

Dhanwel Hybrid Seeds IPO opens for subscription on August 19, 2026 and closes on August 21, 2026.

The expected allotment date for Dhanwel Hybrid Seeds IPO is August 24, 2026. Refunds for unsuccessful applicants are expected on August 25, 2026.

Dhanwel Hybrid Seeds IPO is scheduled to list on August 26, 2026 on BSE. BSE script code: 544884, ISIN: INE0VWO01011.

The current GMP (Grey Market Premium) of Dhanwel Hybrid Seeds IPO is +Rs 1 (+1.0% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Dhanwel Hybrid Seeds IPO is currently subscribed 1.70 times overall — retail at 3.08x, QIB at 1.00x, NII at 0.35x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 3.08x for Dhanwel Hybrid Seeds IPO, the estimated retail allotment probability is approximately 37.0%. This is a moderate probability of allotment.

The registrar for Dhanwel Hybrid Seeds IPO is Cameo Corporate Services Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Dhanwel Hybrid Seeds IPO are Wealth Mine Networks Pvt. Ltd..

The promoter(s) of Dhanwel Hybrid Seeds are Mr. Kishankumar Gordhanbhai Meghani, Mr. Vimal Mansukhbhai Vekariya, Mr. Sudhir Mohanbhai Pilaliya and Mr. Nikul Mansukhbhai Vekariya.

Dhanwel Hybrid Seeds IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.

See the full Dhanwel Hybrid Seeds GMP history and trend, or learn how grey market premium works and how reliable it is.

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