Dhanwel Hybrid Seeds IPO: Dhanvel Hybrid Seeds is a company engaged in the business of manufacturing and supplying seeds for different crops and vegetables, and this company has brought its IPO in the market, through which this company wants to raise ₹26.73 Cr.. Dhanwel Hybrid Seeds IPO will open for subscription on August 19, 2026, and close August 21, 2026.
Dhanwel Hybrid Seeds IPO is a book build issue of 27,00,000 shares (₹26.73 Cr.). The issue is a combination of a fresh issue of 27,00,000 shares (₹26.73 Cr.).
The price band for Dhanwel Hybrid Seeds IPO is ₹95 to ₹99 per share. The minimum application size is 2 lot (1,200 shares), requiring a retail investor to invest at least ₹2,37,600 (based on the upper price band).
Dhanwel Hybrid Seeds IPO Details
| Open Date | August 19, 2026 |
| Close Date | August 21, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹95.00 – ₹99.00 Per Share |
| Listing On | BSE, SME |
| Issue Size | ₹26.73 Cr. (27,00,000 Shares) |
| Fresh Issue | ₹26.73 Cr. (27,00,000 Shares) |
| Offer For Sale | Not Applicable |
| Prospectus | RHP |
Dhanwel Hybrid Seeds IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 10.00% | 2,70,000 |
| NII | 45.00% | 12,15,000 |
| RII | 45.00% | 12,15,000 |
| Total | 100.00% | 27,00,000 |
Dhanwel Hybrid Seeds IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum & 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 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹90.12 Cr. (On Upper Price) |
| P/E Ratio | 10.37x |
| EPS | ₹9.55 |
| ROE | 37.15% |
| ROCE | 49.36% |
| RoNW | 31.11% |
| Dept/Equity | 0.39 |
| EBITDA Margin | 12.38% |
| PAT Margin | 8.20% |
| Net Assets Value | ₹30.70 |
| Price To Book Value | 3.22x |
Dhanwel Hybrid Seeds IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Bombay Super Hybrid Seeds Limited | 39.09x | ₹2.54 | 20.35% | ₹12.49 |
| Upsurge Seeds of Agriculture Limited | 14.00x | ₹7.43 | 12.06% | ₹61.47 |
Dhanwel Hybrid Seeds IPO Dates
| Open Date | August 19, 2026 |
| Close Date | August 21, 2026 |
| Allotment Date | August 24, 2026 |
| Refund Date | August 25, 2026 |
| Share Credit Date | August 25, 2026 |
| Listing Date | August 26, 2026 |
Dhanwel Hybrid Seeds Limited Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 | ₹36.99 Cr. | ₹74.59 Cr. | ₹66.26 Cr. | ₹19.66 Cr. | ₹6.12 Cr. | ₹9.24 Cr. | ₹13.25 Cr. | ₹7.68 Cr. |
| March 2025 | ₹21.07 Cr. | ₹44.13 Cr. | ₹40.78 Cr. | ₹13.27 Cr. | ₹2.16 Cr. | ₹3.66 Cr. | ₹9.03 Cr. | ₹5.97 Cr. |
| March 2024 | ₹7.89 Cr. | ₹35.49 Cr. | ₹32.86 Cr. | ₹3.65 Cr. | ₹1.91 Cr. | ₹2.79 Cr. | ₹0.27 Cr. | ₹1.94 Cr. |
Company Promoters
- Kishankumar Gordhanbhai Meghani
- Vimal Mansukhbhai Vekariya
- Sudhir Mohanbhai Pilaliya
- Nikul Mansukhbhai Vekariya
| Holding Pre Issue | 64,03,320 Shares | 49.94% |
| Holding Post Issue | 91,03,320 Shares | 35.12% |
Dhanwel Hybrid Seeds IPO Lead Managers
- Wealth Mine Networks Limited
Dhanwel Hybrid Seeds IPO Registrar
Cameo Corporate Services Limited
Telephone: 044-28460390/28460391/28460392
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
About Dhanwel Hybrid Seeds Limited (Incorporated In 2018)
The company is engaged in the seed manufacturing business, which includes the development, multiplication, processing, and supply of seeds for a variety of crops and vegetables. The seed manufacturing process is carried out in a structured manner through several stages and utilizes genetically superior seed material procured from reputable sources. Such seed material is multiplied, processed, conditioned, and handled according to established agronomic and processing methods to produce suitable seeds for cultivation, including those supplied to farmers for cultivation.
The company procures genetic seed material, including breeders and other suitable seed material, from reputable agricultural institutions, government-funded research organizations, and the open market. Additionally, seed production is conducted through arrangements with identified seed-growing farmers, using their land for cultivation.
Under these arrangements, the company supplies the necessary seed material and provides technical guidelines and cultivation protocols. Farmers perform sowing and cultivation operations according to the company’s instructions, while its field staff and agronomists monitor and oversee the crop to maintain quality standards. Although farmers retain ownership of the land, contract seed production is conducted according to the company’s established guidelines and supervision, and all subsequent processing, quality control, and commercial activities related to such seeds are handled by the company.
After harvesting, the grown seeds are transported to the company’s processing facility, where they undergo a number of controlled operations, including mechanical cleaning to remove inert matter and impurities, precision grading to ensure uniformity, and seed treatments to enhance storage capacity and protect against insects and diseases. The processed seeds are then systematically packaged using appropriate packaging standards to maintain quality, viability, and genetic traits before storage and distribution. The company’s seed processing unit is located in Jashapar, Kalavad, Jamnagar district, and is equipped with modern infrastructure spanning over 10,218 square feet.
The company currently operates under formal arrangements with contract seed farmers. However, it does not rely solely on these contract farmers for seed availability. In cases of operational needs, specific crop demands, or supply constraints, it also purchases seeds directly from farmers and the open market. The purchased seeds are then sorted, cleaned, graded, processed, quality checked, labeled, and packed at the company’s processing facility before being sold to the market.
The team consists of experienced agronomists, field staff, and technicians who ensure adherence to quality standards, help improve productivity, and implement sustainable farming practices. Over time, the company has built strong working relationships with the farming community and continues to follow an integrated approach, encompassing sourcing, production, quality control, and seed supply. Their seeds are sold under the brand name “Dhanvel Seeds.” The company is ISO 9001:2015 certified and is committed to maintaining consistent seed quality and supporting the farming sector with reliable seed solutions.
Company Strengths (In Details)
- Wide Range of Seeds and its Variants: The company offers seeds for a wide range of crops and vegetables, including peanuts, soybeans, sesame seeds, wheat, chickpeas, cumin seeds, sorghum, millet, onions, and coriander. The product range is based on market demand and operational requirements, and is supplied as per normal business practices. The company may consider adding new seeds or crops from time to time based on business needs and availability.
- Quality Assurance: The company places great importance on maintaining quality standards in its operations. It is ISO 9001:2015 certified for the manufacturing, processing, and supply of seeds. Quality control is integral to daily business operations, including sourcing, processing, and packaging. Seeds are tested by government laboratories and other approved agencies where appropriate.
- Customer Satisfaction: This company considers customer satisfaction an essential part of its business operations. It supplies its products to customers in the normal course of business and strives to consistently meet customer needs through product standards and routine commercial engagement. Ongoing business interactions and recurring transactions are part of normal business operations and support the continuity of customer relationships.
- Experienced Promoter supported by dedicated Management team: The company is led by its promoters, Mr. Kishankumar Gordhanbhai Meghani, Mr. Vimal Mansukhbhai Vekaria, Mr. Sudhir Mohanbhai Pipaliya, and Mr. Nikul Mansukhbhai Vekaria, who have experience in the agricultural seed business. The promoters are supported by a management team responsible for overseeing the company’s day-to-day operations. The experience of the promoters and management team helps drive the company’s business activities.
- Order Book Visibility: The company maintains a diverse order book, consisting of orders received from dealers, distributors, and customers in the course of business. As of that date, the order book totaled approximately ₹131.25 crore, which are firm orders pending execution. Such orders fall under normal commercial terms and are executed as part of normal business operations. The current order book provides information about future business needs and reflects the ongoing demand for the company’s products across crop segments and markets.
Objects Of The Issue (In Details)
- financing the full or partial repayment or prepayment of borrowings taken by the Company from banks and financial institutions; (Estimated Amount ₹7.60 Cr.)
- To meet the working capital requirements of the company. (Estimated Amount ₹11.60 Cr.)
- General Corporate Purposes.
Company Address
Dhanwel Hybrid Seeds Limited
Address: Survey No. 289/1, Opp. Saffron School, Rajkot- Kalawad Highway, At- Jashapar,
Jamnagar, Gujarat, 361160
Telephone: +91 7778889978
Email: info@dhanwelseeds.com
Website: https://www.dhanwelseeds.com/
Dhanwel Hybrid IPO FAQs
What are the open and close dates of the Dhanwel Hybrid Seeds IPO?
The Dhanwel Hybrid Seeds IPO will open on August 19, 2026 and close on August 21, 2026.
What is the price band for Dhanwel Hybrid Seeds IPO?
The price band for the Dhanwel Hybrid Seeds IPO is ₹95 to ₹99 per share.
What is the issue size of the Dhanwel Hybrid Seeds IPO?
The total issue size of the Dhanwel Hybrid Seeds IPO is ₹26.73 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Dhanwel Hybrid Seeds IPO Minimum and Maximum Lot Size for Retail Investors?
The minimum & maximum bid is 2 Lot, 1,200 Shares with ₹2,37,600 amount for the Dhanwel Hybrid Seeds IPO.
What is Dhanwel Hybrid Seeds IPO Investors Portion?
The investors portion for QIB 10.00%, NII 45.00%, RII 45.00% for the Dhanwel Hybrid Seeds IPO.
When will the allotment for the Dhanwel Hybrid Seeds IPO be finalized?
The Dhanwel Hybrid Seeds IPO allotment is expected to be finalized on August 24, 2026.
When will the shares of Dhanwel Hybrid Seeds IPO get listed?
The Dhanwel Hybrid Seeds IPO shares are expected to be listed on BSE and SME on August 26, 2026.
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| Dhanwel Hybrid Seeds IPO Allotment Status |
IPO Investors Team Has Researched And Prepared This Content After Reviewing The Dhanwel Hybrid Seeds IPO Red Herring Prospectus (RHP) And Other Official IPO Related Documents Publicly Available To Investors.
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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