Dhanwel Hybrid Seeds IPO- Company Analysis
Dhanwel Hybrid Seeds IPO under the SME IPO category is a book build issue of Rs. 26.73 Cr by Dhanwel Hybrid Seeds Limited, which is in the production and distribution of seeds for a range of vegetables and field 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.
Seed production is carried out through a well-planned process that includes cultivation, processing, quality control, and packaging.
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 Seeds IPO Details
The Dhanwel Hybrid Seeds IPO date of opening is 19 Aug 2026; its initial public offering will end on 21 Aug, IPO allotment on Aug 24 and refund initiation on Aug 25, 2026.
The Rs. 26.73 crore new SME IPO comprises a wholly fresh issue of 0.27 crore shares.
The Dhanwel Hybrid Seeds IPO listing date (expected) might be Wednesday, Aug 26, 2026, and the listing on the BSE and SME.
The Dhanwel Hybrid Seeds IPO price band is Rs. 95 to Rs. 99.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 19, 2026 |
|
IPO Closing Date |
Aug 21, 2026 |
|
IPO Allotment Date |
Aug 24, 2026 |
|
Refund Initiation |
Aug 25, 2026 |
|
IPO Listing Date |
Aug 26, 2026 |
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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 |
1,128.14 |
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 Seeds Ltd.
|
Name of the Company |
Face Value (₹) |
Basic EPS (₹) |
P/E Ratio (X) |
|
Bombay Super Hybrid Seeds Limited |
1 |
2.54 |
34.78 |
|
Upsurge Seeds of Agriculture Limited |
10 |
7.43 |
12.18 |
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.
Explore the Optimystix Entertainment IPO.
IPO's Strengths
-
Numerous Seeds and Their Variants
-
Assurance of Quality
-
Client Contentment
-
Skilled Promoter backed by a committed Management team.
IPO's Weaknesses
-
Business is subject to seasonality and climatic conditions, which could impact demand for the company’s products.
-
Highly dependent on the sale of oilseeds, and its business is exposed to risks related to product concentration, which could materially and adversely affect its business
-
The company operates in a competitive environment with the presence of organised and unorganised players, which may adversely affect pricing.
Dhanwel Hybrid Seeds IPO GMP
Dhanwel Hybrid Seeds IPO GMP today is Rs. 0 as of 17 August 2026, while writing this information.
Dhanwel Hybrid Seeds IPO Summary
|
IPO Opening & Closing Date |
19 Aug, 2026 to 21 Aug, 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 |
Bookbuilding Issue |
|
Registrar |
Cameo Corporate Services Ltd. |
IPO Lot Details
Retail investors can invest in a minimum 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 Seeds IPO Allotment Status
To check the Dhanwel Hybrid Seeds 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 Seeds Ltd.
-
Kishankumar Gordhanbhai Meghani
-
Vimal Mansukhbhai Vekariya
-
Sudhir Mohanbhai Pilaliya
-
Nikul Mansukhbhai Vekariya.
|
Pre-Issue Promoter Shareholding |
49.94% |
|
Post-Issue Promoter Shareholding |
35.12% |
IPO Lead Managers
- Wealth Mine Networks Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Dhanwel Hybrid Seeds IPO offers exposure to India’s growing seed industry, backed by strong revenue growth, improving profitability, and a diversified product portfolio. The company reports healthy ROE and ROCE with a relatively low debt-to-equity ratio, while IPO proceeds will support debt repayment and working capital needs.
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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.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
