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Dhanwel Hybrid Seeds IPO

Dhanwel Hybrid Seeds, incorporated in 2018, is one of the leading manufacturers of seeds, field crops, and vegetables. The firm develops and manufactures high-quality seeds by purchasing seed material from recognised institutions, research organisations, and the open market. The seeds then undergo cultivation, processing, quality checks, and packaging before being sold to customers.

IPO GMP

+₹1

+1% expected gain

Price Band

₹99

Lot Size

2400 shares

Min Investment

₹2,37,600

Listing Date

August 26, 2026

About Dhanwel Hybrid Seeds

Company overview, business, and key facts.

Dhanwel Hybrid Seeds, incorporated in 2018, is one of the leading manufacturers of seeds, field crops, and vegetables. The firm develops and manufactures high-quality seeds by purchasing seed material from recognised institutions, research organisations, and the open market. The seeds then undergo cultivation, processing, quality checks, and packaging before being sold to customers.

Its product offering includes Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat Seeds, Green Gram Seeds, Black Gram Seeds, Fenugreek Seeds, and Cumin Seeds. Dhanwel Hybrid Seeds works with selected farmers by providing seed material and guidance while closely monitoring crop quality and arrangements. Once the seeds get harvested, they go to the processing facility in Jashapar, Jamnagar, where they go through cleaning, Grading, Treatment, and packing.

Founded

2018

Headquarters

Jamnagar, Gujarat

Website

https://www.dhanwelseeds.com/

IPO Details

Issue TypeBookbuilding Issue
Face Value₹10
Price Band₹99
Lot Size2400 shares
Total Issue Size₹27 Cr
Fresh Issue₹27 Cr
Offer for Sale—
Listing AtBSE SME

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)1x
Non-Institutional (NII)0.31x
Retail Individual (RII)3.07x
Total Subscription1.61x

Strengths & Risks

Strengths

  • Review: Neutral

Risks

    Financials

    Restated summary financials for the most recent periods.

    PeriodRevenueProfitAssets
    2024₹35.49₹1.91₹7.89
    2025₹44.13₹2.16₹21.07
    2026₹74.59₹6.12₹36.99

    Figures are indicative and restated for presentation.

    Dhanwel Hybrid Seeds IPO Key Numbers

    Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.

    Market cap at upper band

    ₹90.1 Cr

    Post-IPO shares × upper price band

    P/E on 2026 profit

    14.7x

    Peer median 26.5x (discount of 44.5%)

    Price to sales

    1.21x

    Revenue growth, 2026

    +69%

    45% a year over the period

    Profit growth, 2026

    +183.3%

    79% a year over the period

    Profit margin (PAT)

    8.2%

    EBITDA margin 12.38%

    ROE / ROCE

    31.11% / 49.36%

    As published in the offer document

    Debt to equity

    0.39

    Issue mix

    100% fresh / 0% sale

    Fresh issue goes to the company, offer for sale to selling shareholders

    GMP-implied gain per lot

    ₹2,400

    2400 shares on ₹2,37,600. GMP is unofficial.

    What stands out

    • Profit grew 183.3% in 2026.
    • Priced at a 44.5% discount to the peer median P/E of 26.5.

    Watch-outs

    • 1 use-of-proceeds item(s) have no disclosed amount.
    Listing price scenarios
    If the current GMP holds₹100.00+1%
    If the grey market premium disappears₹99.000%

    Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.

    Not yet available for this IPO: published risk factors.

    IPO Analysis SummaryAI-generated

    A plain-language review of Dhanwel Hybrid Seeds's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.

    Dhanwel Hybrid Seeds IPO Review

    Analysis based on live GMP, subscription, and issue details.

    As of today, Dhanwel Hybrid Seeds IPO is trading at a grey market premium (GMP) of +₹1 (+1% estimated listing gain), indicating positive market sentiment.

    The IPO has been subscribed 1.61x overall — QIB: 1x, NII: 0.31x, Retail: 3.07x.

    Dhanwel Hybrid Seeds IPO subscription has closed. The shares are expected to list on August 26, 2026.

    The minimum investment required is ₹2,37,600 for 2400 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.

    Key strengths include: Review: Neutral.

    Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

    Dhanwel Hybrid Seeds IPO — Frequently Asked Questions

    What is Dhanwel Hybrid Seeds IPO GMP today?

    Dhanwel Hybrid Seeds IPO GMP (grey market premium) today is +₹1, suggesting an estimated listing gain of +1%. GMP is indicative and subject to change.

    What is the price band of Dhanwel Hybrid Seeds IPO?

    The price band for Dhanwel Hybrid Seeds IPO is ₹99 with a lot size of 2400 shares. The minimum investment required is ₹2,37,600.

    When is Dhanwel Hybrid Seeds IPO allotment date?

    Dhanwel Hybrid Seeds IPO allotment is expected to be finalised on August 24, 2026. You can check your allotment status on the registrar's website (Cameo Corporate Services Ltd.) using your PAN number.

    When will Dhanwel Hybrid Seeds IPO list on NSE/BSE?

    Dhanwel Hybrid Seeds IPO is expected to list on BSE SME on August 26, 2026.

    How to check Dhanwel Hybrid Seeds IPO allotment status?

    To check Dhanwel Hybrid Seeds IPO allotment status, visit the registrar's website (Cameo Corporate Services Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

    Should I apply for Dhanwel Hybrid Seeds IPO?

    Dhanwel Hybrid Seeds IPO has a GMP of +₹1. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.

    What is the lot size of Dhanwel Hybrid Seeds IPO?

    The lot size for Dhanwel Hybrid Seeds IPO is 2400 shares per lot. The minimum investment for retail investors is ₹2,37,600. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.

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