Dhanwel Hybrid Seeds SME IPO
Dhanwel Hybrid Seeds IPO — date, price band, GMP & allotment 2026
Dhanwel Hybrid Seeds IPO opened for subscription from 24 June 2026 to 29 June 2026. The company traces its origins to 2018, when it was established as a partnership firm under the name Super Vegetable Seeds before being converted into a corporate entity. Dhanwel operates in the agricultural seeds business, focusing on the development, production, processing and marketing of hybrid seeds for field crops and vegetables. The company primarily serves farmers across India, with a strong presence in Gujarat and surrounding agricultural markets.
Stock price
Dhanwel Hybrid Seeds is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 19 Aug 2026
- Close 21 Aug 2026
- Allotment 24 Aug 2026
- Refund/credit 25 Aug 2026
- Listing 26 Aug 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Aug, 2026 |
|---|---|
| Price Band | ₹95 – ₹99 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹26.73 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 2,37,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹99 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,37,600 |
| Retail (max) | 2 | 2,400 | ₹2,37,600 |
| HNI (min) | 3 | 3,600 | ₹3,56,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Operates in the essential agricultural seeds sector with consistent long-term demand.
- 02Integrated operations covering seed development, production, processing and distribution.
- 03Diversified portfolio of field crop and vegetable seeds reduces product concentration risk.
- 04Strong relationships with contract farmers support scalable seed production.
- 05Focus on quality control and agronomic support enhances product reliability.
Risks · 5
- 01Business performance is highly dependent on monsoon conditions and agricultural output.
- 02Crop failure during seed multiplication can adversely impact seed availability and revenues.
- 03Intense competition from established domestic and multinational seed companies may affect growth.
- 04Regulatory changes related to seed approvals and agricultural policies could impact operations.
- 05Dependence on contract farmers creates risks related to production quality and supply consistency.
Three years of numbers
All figures in ₹ crore, as reported in the Dhanwel Hybrid Seeds offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Dhanwel Hybrid Seeds RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Dhanwel Hybrid Seeds IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.72 |
| P/E Ratio (x) | 14.74 |
| Market Cap at Offer Price (₹ Cr) | ₹90.16 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹99 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹19.20 Cr of the issue is earmarked to named objects.
About the company
The company follows an integrated business model covering seed development, cultivation, processing, packaging and marketing. Its operations are aimed at supplying high-quality seeds that help improve crop yields and productivity for farmers. Promoted by experienced professionals in the seed industry, Dhanwel focuses on expanding its product portfolio and strengthening its distribution network across key agricultural regions in India.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 7778889978
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Wealth Mine Networks Pvt.Ltd.
3 issues handledBest listing: SMR Jewels (-19.6%). Weakest: Seemax Resources (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Dhanwel Hybrid Seeds?
The current Grey Market Premium is ₹1, or 1.01% over the issue price.
What is the Dhanwel Hybrid Seeds IPO price band?
₹95 to ₹99, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 August 2026, with listing on 26 August 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
