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Dhanwel Hybrid IPOLISTED

BSESMEBook Built Issue

Dhanwel Hybrid Seeds manufactures and supplies quality seeds for field crops and vegetables, including groundnut, soybean, wheat, gram and pulses.

Compare

Listing price

₹99

Listing gain

+0.00%

Current

₹99

Listed

26 Aug 26

Opens

19 Aug 26

Closes

21 Aug 26

Allotment

24 Aug 26

Refund

25 Aug 26

Demat

25 Aug 26

Listing

26 Aug 26

Listed at

₹99

+0.00% on 26 Aug 26

Min. investment₹2,37,600

GMP₹0 · +0.0%

Subscribed1.71x

Track in the app

Overview

Price band

₹95-99

Lot size

1200 shares

Min. investment

₹2,37,600

Issue size

₹26.73 Cr

27.00 L shares

Fresh issue

₹26.73 Cr

27.00 L shares

Face value

₹10 / share

Issue type

Book Built Issue

Listing at

BSE

Reservation

Market Maker 5.07%QIB 1.07%B-HNI 31.29%S-HNI 15.64%Individual 46.93%

Category	Shares offered	% of issue
Market Maker	1,36,800	5.07%
QIB	28,800	1.07%
NII (HNI)	12,67,200	46.93%
B-HNI	8,44,800	31.29%
S-HNI	4,22,400	15.64%
Individual	12,67,200	46.93%
Total	27,00,000	100%

Lot size & investment

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,37,600
Retail (Max)	2	2,400	₹2,37,600
S-HNI (Min)	3	3,600	₹3,56,400
S-HNI (Max)	8	9,600	₹9,50,400
B-HNI (Min)	9	10,800	₹10,69,200

Listing performance

NSE/BSE: DHANWELHYBRID

Listing gain

0.00%

Gain per retail lot

₹0

Latest vs issue

—

GMP was

—

₹99

₹990.00%

Issue price

Listing price

Latest price appears here during market hours.

Dhanwel Hybrid Live GMP

GMP₹0

Est. Price₹99

Est. Gain0.00%

Not enough GMP history yet to draw a trend.

GMP × retail lot ₹0GMP × S-HNI min ₹0Expected listing ~ ₹99GMP is unofficial and changes often. Data as of 22 Aug, 12:00 am.

Subscription

22 Aug, 12:00 am

Oversubscribed 1.71 times · 1,700 applications

QIB

1.00x

NII (HNI)

0.35x

S-HNI

0.61x

B-HNI

0.21x

Retail

3.08x

Total

1.71x

Total applications

1,700

Total bid amount

₹43.28 Cr

Category breakdown

Category	Shares offered	Shares bid	Times	Bid amount
QIB	28,800	28,800	1.00x	₹0.29 Cr
NII (HNI)	12,67,200	4,40,400	0.35x	₹4.36 Cr
B-HNI	8,44,800	1,81,200	0.21x	₹1.79 Cr
S-HNI	4,22,400	2,59,200	0.61x	₹2.57 Cr
Retail	12,67,200	39,02,400	3.08x	₹38.63 Cr
Total	25,63,200	43,71,600	1.71x	₹43.28 Cr

Financials

(₹ in crores)

Key performance indicators

As of 31 Mar 2026

ROE

37.15%

PAT Margin

8.2%

ROCE

49.36%

EBITDA Margin

12.38%

Debt to Equity Ratio

0.39

Price to Book Value

3.22

RoNW

31.11%

Valuation vs listed peers

EPS Pre IPO

₹9.55

EPS Post IPO

₹6.72

P/E Pre IPO

10.37

P/E Post IPO

14.74

Buzz AI analysis

From this IPO's filings and market data · educational, not investment advice

Revenue growth FY24 → FY26

+110.2%

Profit growth FY24 → FY26

+220.4%

ROCE

49.36%

PAT margin 8.2% and ROCE 49.4%.

Strengths & risks

Growing hybrid seed business focused on vegetable seeds, a demand-driven agriculture segment.
Experienced promoters with established operational background in seed industry.
Presence in Gujarat agricultural belt, helping distribution and farmer connectivity.
Existing business track record since 2018 before conversion into public company.

5.7/10

Buzz score · Neutral

From GMP, subscription and issue size

Financials7.2

Growth5.0

Business7.1

Demand4.6

Risk7.2

Objects of the issue

Purpose	Amount (₹ Cr)
Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions.	7.6
Funding the working capital requirements of the Company.	11.6
General Corporate Purposes.	-

Company & documents

Dhanwel Hybrid Seeds Limited is engaged in the development, production, processing, and marketing of hybrid seeds, primarily focused on high-quality vegetable seeds for the agriculture sector. The company offers seeds designed to improve crop yield, disease resistance, and overall farming productivity.

Its product portfolio includes a variety of hybrid vegetable seeds catering to different crop categories, serving farmers and distributors mainly across agricultural markets in India. The company operates through a B2B distribution-driven model, supplying dealers, distributors, and agri-input businesses.

Originally started as a partnership firm under the name Super Vegetable Seeds in 2018, the business was later converted into a public limited company in 2024, reflecting its growth journey. Based in Jamnagar, Gujarat, the company focuses on expanding its market presence in India’s growing hybrid seeds industry.

Registrar

Cameo Corporate Services Ltd.

Phone: 044-28460390/28460391/28460392

Email: ipo@cameoindia.com

Web: https://ipostatus1.cameoindia.com/

Company contact

Dhanwel Hybrid Seeds Ltd.

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

Phone: +91 7778889978

Email: info@dhanwelseeds.com

Web: https://www.dhanwelseeds.com/

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