Dhanwel Hybrid Seeds IPO

About Dhanwel Hybrid Seeds IPO

The public issue of the Dhanwel Hybrid Seeds IPO, an SME IPO, Dhanwel Hybrid Seeds IPO opens on Wednesday, June 24, 2026 and closes on Monday, June 29, 2026. The allotment of shares will take place on Tuesday, June 30, 2026. The credit of shares to the demat account will take place on Wednesday, July 1, 2026. The initiation of refunds will take place on Wednesday, July 1, 2026. The listing of shares will take place on Thursday, July 2, 2026.

The offer consists of a fresh issue. The fresh issue will include 0.27 crore shares of ₹26.73 crores. The total number of shares and aggregate amount are 27,00,000 shares aggregating up to ₹27 crores.

Dhanwel Hybrid Seeds IPO’s price band is set at ₹95 to ₹99 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by a retail investor is ₹2,37,600 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,56,400.

Dhanwel Hybrid Seeds is engaged in the business of seed manufacturing, which includes the development, multiplication, processing, and supply of seeds for a variety of field crops and vegetables. The seed production process is carried out in a structured manner across multiple stages and involves the use of improved genetic seed material procured from recognised sources.

Objectives of Dhanwel Hybrid Seeds IPO

• Funding towards repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial institutions.
• Funding the working capital requirements of the company.
• General corporate purposes.

Industry Outlook

Sustained policy support, rising certified‐seed penetration, and expanding climate‐smart varieties continue to anchor industry resilience. Government programs such as the National Mission on High-Yielding Seeds and the Clean Plant Program are fast-tracking premium seed adoption by funding disease-free planting material hubs, demonstration plots, and village-level clusters. Row crops dominate revenue because cereals, oilseeds, and fiber crops align with food-security and import-substitution priorities, while hybrids retain farmer loyalty thanks to consistent yield premiums under erratic rainfall. Meanwhile, protected cultivation and digital traceability pilots are opening lucrative niches for specialized vegetable and high-value seed segments. Competitive intensity is low because multinational pipelines compete with regionally adapted portfolios, yet counterfeit trade and GM regulatory uncertainty exert margin pressure.

About Dhanwel Hybrid Seeds

Dhanwel Hybrid Seeds is engaged in the business of seed manufacturing, which includes the development, multiplication, processing, and supply of seeds for a variety of field crops and vegetables. The seed production process is carried out in a structured manner across multiple stages and involves the use of improved genetic seed material procured from recognised sources. Such seed material is multiplied, processed, conditioned, and handled in accordance with prescribed agronomic and processing practices to produce seeds suitable for agricultural use, including seeds supplied to farmers for crop cultivation.

The company procures genetic seed material, including breeder and other suitable seed material, from recognised agricultural institutions, government-supported research organizations and open market. In addition, seed production is undertaken through arrangements with identified seed-growing farmers, wherein agricultural land owned by such farmers is utilised for cultivation. Under these arrangements, the company supplies the requisite seed material and provides technical guidelines and cultivation protocols. The farmers carry out sowing and related agricultural operations in accordance with the company’s instructions, while the company’s field staff and agronomists monitor and supervise the crop to maintain quality standards.

Strengths of Dhanwel Hybrid Seeds

• Wide range of seeds and its variants.
  
• Quality assurance.
  
• Customer satisfaction.
  
• Experienced promoter supported by dedicated management team.
  
• Order book visibility.
  

Risks of Dhanwel Hybrid Seeds

• Business is subject to seasonality and climatic conditions.
  
• Major portions of their transactions are conducted in cash.
  
• Their business is dependent on certain suppliers and loss of any one or more of them would have a material adverse effect on their business.
  
• A substantial portion of their revenues has been dependent upon few customers.
  
• Their business operations are currently concentrated in the State of Gujarat.
  

*Issue Price for the company is considered as CMP and the numbers (other than CMP) are taken for the period ended March 31, 2026 for the company and peer companies for comparative purposes.

Source: BSE India website & NSE India website.

Notes: i. The figures of Dhanwel Hybrid Seeds are based on financial statements as on March 31,2026.

ii. Considering the nature and size of business of the company, the peers are not strictly comparable. However, the same has been included for broad comparison.

iii. Current Market Price (CMP) and PE ratio is taken at the closing price of peer group scrips as on May 19th, 2026.

iv. PE ratio is calculated by taking CMP divided by EPS of fiscal year 2026.

v. The figures for the peer group are based on the standalone audited financials for the year.

Anchor Investor Bidding Date: June 23, 2026

Registrar Details
Cameo Corporate Services Limited
Email: ipo@cameoindia.com
Tel.: +91-044-40020700 / 2846 0390

Book Running Lead Manager
Wealth Mine Networks Limited

Dhanwel Hybrid Seeds Contact Details
Survey No. 289/1, Opp. Saffron School,
Rajkot- Kalawad Highway,
At- Jashapar,
Jamnagar, Gujarat, 361160
Email: info@dhanwelseeds.com
Phone: +91 7778889978

Dhanwel Hybrid Seeds Business Model

The company earns its revenue through seed manufacturing, which includes the development, multiplication, processing, and supply of seeds for a variety of field crops and vegetables

Dhanwel Hybrid Seeds Growth Trajectory

Dhanwel Hybrid Seed’s total income for FY26 was ₹74.588 crores, whereas in FY25 and FY24 it was ₹44.134 crores and ₹35.490 crores, respectively.

The profit after tax for FY26 was ₹6.115 crores, whereas in FY25 and FY24 it was ₹2.157 crores and ₹1.909 crores, respectively.

Their EBITD for FY26 was ₹9.236 crores, whereas in FY25 and FY24 it was ₹3.662 crores and ₹2.789 crores, respectively.

Dhanwel Hybrid Seeds Market Position

Their team comprises experienced agronomists, field staff, and technicians who ensure adherence to quality standards, support productivity improvements, and implement sustainable agricultural practices. Over time, their company has established strong working relationships with the farming community and continues to follow an integrated approach that includes sourcing, production, quality control, and supply of seeds.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITD were ₹74.588 crores, ₹6.115 crores, and ₹9.236 crores, respectively.

How to apply for Dhanwel Hybrid Seeds IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.