Dhanwel Hybrid Seeds IPO - Company Analysis
Dhanwel Hybrid Seeds IPO under the SME IPO category is a bookbuild issue of Rs. 26.73 Cr by Dhanwel Hybrid Limited and is involved in seeds for a range of veggies and crops. It sources better genetic seed material from reputable institutions, research organizations, and the open market in order to create and produce high-quality seeds. A carefully thought-out procedure that encompasses cultivation, processing, quality control, and packaging is used to produce seeds.
Groundnut seeds, soybean seeds, gram seeds, sesame seeds, wheat seeds, green and black gram seeds, fenugreek seeds, and cumin seeds are among its products.
Dhanwel Hybrid IPO Details
The Dhanwel Hybrid IPO date of opening is 24 Jun 2026, its initial public offering will end on 29 Jun, IPO allotment on Jun 30 and refund initiation on Jul 01, 2026.
The Rs. 26.73 crore new SME IPO comprises a wholly fresh issue of 0.27 crore shares.
The Dhanwel Hybrid IPO listing date (expected) might be Thursday, Jul 02, 2026, and listing at the BSE and SME.
The Dhanwel Hybrid IPO price band is Rs. 95 to Rs. 99.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 24, 2026 |
|
IPO Closing Date |
Jun 29, 2026 |
|
IPO Allotment Date |
Jun 30, 2026 |
|
Refund Initiation |
Jul 01, 2026 |
|
IPO Listing Date |
Jul 02, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
36.99 |
21.07 |
7.89 |
|
Total Income |
74.59 |
44.13 |
35.49 |
|
Profit After Tax |
6.12 |
2.16 |
1.91 |
|
EBITDA |
9.24 |
3.66 |
2.79 |
|
Net Worth |
19.66 |
13.27 |
3.65 |
|
Reserves and Surplus |
13.25 |
9.03 |
0.27 |
|
Total Borrowing |
7.68 |
5.97 |
1.94 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
-248.64 |
-606.45 |
0.28 |
|
Net Cash Flow Investing Activities |
-213.98 |
-155.29 |
-178.92 |
|
Net Cash Flow Financing Activities |
143.13 |
1128.14 |
146.92 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions. ~ Rs. 7.60 Cr.
- Funding the working capital requirements of the Company. ~ Rs. 11.60 Cr.
- General Corporate Purposes.
Listed Peers of Dhanwel Hybrid Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
Bombay Super Hybrid Seeds Limited |
1 |
2.54 |
39.09 |
|
Upsurge Seeds of Agriculture Limited |
10 |
7.43 |
14 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
RoE |
37.15% |
|
ROCE |
49.36% |
|
Debt/Equity |
0.39 |
|
RoNW |
31.11% |
|
PAT Margin |
8.20% |
|
EBITDA Margin |
12.38% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 9.56 from the last year, the resulting P/E ratio is 10.35x.
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IPO's Strengths
- Wide Range of Seeds and their Variants
- Quality Assurance
- Customer Satisfaction
- Experienced Promoter supported by a dedicated Management team.
IPO's Weaknesses
- Seasonality & Weather Dependency
- Regulatory Compliance Risk
- Cash Transaction Risk.
Dhanwel Hybrid IPO GMP (Grey Market Premium)
Dhanwel Hybrid IPO GMP today is Rs. 0 as of 20 June 2026, while writing this information.
Dhanwel Hybrid IPO Summary
|
IPO Opening & Closing Date |
24 Jun, 2026 to 29 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 95 to Rs. 99 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
27,00,000 Shares (Rs. 27 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
25,63,200 Shares (Rs. 25 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Cameo Corporate Services Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,37,600, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,56,400.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Dhanwel Hybrid IPO Allotment Status
To check the Dhanwel Hybrid IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Dhanwel Hybrid Ltd.
- Mr. Kishankumar Gordhanbhai Meghani
- Mr. Vimal Mansukhbhai Vekariya
- Mr. Sudhir Mohanbhai Pilaliya
- Mr. Nikul Mansukhbhai Vekariya.
|
Pre-Issue Promoter Shareholding |
49.94% |
|
Post-Issue Promoter Shareholding |
35.11% |
IPO Lead Managers
- Wealth Mine Networks Pvt. Ltd.
Dividend Policy
The company has not declared a dividend since its incorporation.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company, Click Here to Download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
Conclusion
Dhanwel Hybrid Seeds IPO is an SME book-built issue focused on quality seed production and strong agri-based growth potential. The company shows improving financial performance with healthy margins and a reasonable valuation at a P/E of 10.35x.
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