Dhanwel Hybrid Seeds Ltd IPO
FMCG
Price Band
₹95 – ₹99
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹237600
Issue Size
₹26.73Cr
Opens
2026-08-19
Closes
2026-08-21
Listing
26-08-2026
Subscription Status
Qualified Institutional Buyers
1 x
Non-Institutional Investor
0.31 x
Retail Individual Investor
3.07 x
Total
1.61 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0VWO01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Dhanwel Hybrid Seeds Limited is engaged in the seed business, covering the development, multiplication, processing, and supply of seeds for various field crops and vegetable varieties. The company undertakes seed production using improved genetic seed material sourced from recognised agricultural institutions, government-supported research organisations, and the open market. Seed cultivation is carried out through arrangements with identified farmers, where the company provides seed material, cultivation protocols, and technical support while monitoring crop quality through its field staff and agronomists. In addition to contract farming arrangements, the company also procures seeds directly from farmers and the open market based on operational requirements. Post-harvest, seeds are processed through cleaning, grading, treatment, and packaging at the company's processing facility located at Jashapar, Jamnagar district, Gujarat. The facility spans over 10,218 square feet and is equipped with processing infrastructure for quality control and storage. The company markets its products under the “Dhanwel Seeds” brand and holds ISO 9001:2015 certification.
Pros
- • The company states that it offers a diversified portfolio of seeds across multiple field crops and vegetables, including groundnut, soybean, sesame, wheat, gram, cumin, fodder, bajri, onion, and coriander. The company claims that its broad product range enables it to cater to varying market requirements and provides flexibility to introduce additional seed varieties based on demand and operational considerations.
- • The company states that it follows quality control measures across sourcing, processing, and packaging operations. It holds ISO 9001:2015 certification for manufacturing, processing, and supply of seeds. The company claims that seeds are tested through government laboratories and other approved agencies, where required, to maintain product quality and consistency.
- • The company states that customer satisfaction forms an important part of its operations. It claims to maintain ongoing relationships through repeat business and routine commercial engagement. According to the company, consistent product standards and regular interactions with customers support business continuity and help strengthen long-term customer relationships.
Cons
- • The company's operations are closely linked to agricultural cycles and monsoon patterns. Variations in rainfall, adverse weather conditions, pest attacks, or changes in cropping patterns may affect farmers' sowing decisions and demand for seeds. Since a significant portion of revenue is generated during specific sowing seasons, any unfavourable climatic conditions could adversely affect the company's business, profitability, and cash flows.
- • A major portion of the company's transactions is conducted in cash, particularly with farmers and dealers. Cash-based operations involve risks relating to traceability, handling, and regulatory scrutiny. Any changes in laws or stricter enforcement relating to cash transactions may require changes in business practices and could adversely affect operations and financial performance.
- • The company relies on a limited number of suppliers for procurement requirements. Purchases from the top 10 suppliers accounted for 58.55% in FY26, 24.61% in FY25, and 13.63% in FY24. The absence of long-term supply agreements increases the risk of disruptions arising from supplier-related issues, which could adversely affect production and business operations.
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