Dhanwel Hybrid Seeds SME IPO
ListedBSE SMEOpens 19 August 2026Closes 21 August 2026
Dhanwel Hybrid Seeds Limited (originally established in 2018 as M/s Super Vegetable Seeds and converted to a public limited company in 2024) is engaged in the production, processing, and distribution of agricultural…
Dhanwel Hybrid Seeds Limited (originally established in 2018 as M/s Super Vegetable Seeds and converted to a public limited company in 2024) is engaged in the production, processing, and distribution of agricultural seeds for field crops and vegetables. The company's product portfolio includes seeds for groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek, and cumin. Operating from its centralized processing plant in Jashapar, Jamnagar (Gujarat), the company undertakes seed cleaning, grading, treatment, testing, and packaging, collaborating with contract farmers and seed growers across key agricultural belts.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
19 Aug
IPO Closes
21 Aug
Allotment
24 Aug
Listing
26 Aug
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 19 August 2026 |
| IPO Close Date | 21 August 2026 |
| Allotment Date | 24 August 2026 |
| Listing Date | 26 August 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,37,600 |
SHNI (Min) | 3 | ₹3,56,400 |
SHNI (Max) | 8 | ₹9,50,400 |
BHNIAbove ₹10,00,000 | 9 | ₹10,69,200 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 1.12% |
| NII (Non-Institutional Investor) | 49.44% |
| SHNI (Small Non-Institutional Investor) | 15.64% |
| BHNI (Big Non-Institutional Investor) | 31.29% |
| Retail | 49.44% |
| Market Maker | 5.07% |
| Total | 100.00% |
IPO Objectives
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions (₹7.60 Cr).
- Funding the working capital requirements of the Company (₹11.60 Cr).
- General Corporate Purposes.
Strengths
- Extensive product catalogue covering high-yield field crop and vegetable seed varieties (groundnut, soybean, wheat, cumin, sesame).
- In-house seed cleaning, grading, processing, and quality testing facility at Jashapar (Jamnagar).
- Structured network of contract farmers and seed growers supported by agricultural technical guidance.
- Auditor-certified order book of ₹13.13 Crore providing business visibility.
Weaknesses
- Business operations and seed demand are highly vulnerable to seasonal cycles and monsoon volatility.
- Product concentration risk with oil seeds contributing 56.67% of FY26 revenue from operations.
- Customer concentration risk, with top 10 customers accounting for 64.27% of FY26 revenue.
- Working capital intensive operations leading to negative cash flow from operating activities in FY25 and FY26.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 36.99 | 21.07 | 7.89 |
| Revenue (₹ Cr.) | 74.59 | 44.13 | 35.49 |
| PAT (₹ Cr.) | 6.12 | 2.16 | 1.91 |
| Net Worth (₹ Cr.) | 19.66 | 13.27 | 3.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Dhanwel Hybrid Seeds | 3.22 | 10.36 | 31.11% | 19.66 |
| Bombay Super Hybrid | 7.02 | 32.12 | 20.35% | 12.48 |
| Upsurge Seeds of Agriculture | 1.5 | 12.47 | 12.06% | 61.47 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 1x |
| NII | 0.02x | 0.1x | 0.24x |
| S-HNI | 0.06x | 0.28x | 0.61x |
| B-HNI | 0x | 0.01x | 0.05x |
| RII | 0.16x | 1.41x | 3.08x |
| Total | 0.09x | 0.75x | 1.65x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 28,800 | 28,800 | 0.29 |
| NII | 12,67,200 | 3,03,600 | 3.01 |
| Small NII | 4,22,400 | 2,59,200 | 2.57 |
| Big NII | 8,44,800 | 44,400 | 0.44 |
| RII | 12,67,200 | 39,02,400 | 38.63 |
| Total | 25,63,200 | 42,34,800 | 41.92 |
Company Details
- Dhanwel Hybrid Seeds Limited
- Survey No. 289/1, Opp. Saffron School, Rajkot-Kalawad Highway, At- Jashapar, Kalavad-361160, Jamnagar, Gujarat, India
- +91 77788 89978
- info@dhanwelseeds.com
- https://www.dhanwelseeds.com/
Registrar Details
- Cameo Corporate Services Limited
- +91 44 4002 0700
- ipo@cameoindia.com
- https://www.cameoindia.com/
Frequently Asked Questions
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Sources
We match Dhanwel Hybrid Seeds SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Cameo Corporate Services LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.