SME

IPO ·

BSE SME

Dhanwel Hybrid Seeds Ltd

Listed

Incorporated in 2018, Dhanwel Hybrid Seeds is engaged in the business of seed manufacturing and supply for various field crops and vegetables.

Issue details

Price band

₹95 – ₹99

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,37,600

Issue size

₹26.73 Cr

Fresh issue

₹25.38 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

19 Aug 2026

Closes

21 Aug 2026

UPI mandate cut-off

5:00 PM on 21 Aug 2026

Allotment

24 Aug 2026

Refunds

25 Aug 2026

Shares in demat

25 Aug 2026

Listing

26 Aug 2026

Subscription and listing

Subscription

1.59x

Listing price

₹99

Registrar

Cameo Corporate Services Ltd

Lead manager

Wealth Mine Networks

Subscription by category

Total

1.59x

Total applications

1,631

Listing day

Issue price

₹99

Open

₹99.00

High

₹99.00

Low

₹94.05

Day close

₹94.05

Listing gain at open

0.00%

Issue structure

Shares reserved per category and share of the total issue

QIB

28,800

1.07%

NII

12,67,200

46.93%

bNII > ₹10L

8,44,800

31.29%

sNII < ₹10L

4,22,400

15.64%

Retail

12,67,200

46.93%

Market Maker

1,36,800

5.07%

Total

27,00,000

100.00%

Finaccle’s quick read

Apply

FY26 income up 69%, PAT up 183%, ROE 37.15%, D/E 0.39, post-issue P/E 14.74x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2018, Dhanwel Hybrid Seeds is engaged in the business of seed manufacturing and supply for various field crops and vegetables. It develops and produces quality seeds by sourcing improved genetic seed material from recognised institutions, research organisations, and the open market. Seed production is carried out through a well-planned process that includes cultivation, processing, quality control, and packaging. Its products include Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat seeds, Green Gram Seeds and Black Gram Seeds, Fenugreek Seeds and Cumin Seeds, and others.

Founded

2018

2018

Promoters

Kishankumar Gordhanbhai Meghani, Vimal Mansukhbhai Vekariya,

Kishankumar Gordhanbhai Meghani, Vimal Mansukhbhai Vekariya,

Promoter holding

49.94% pre-issue; 35.12% post-issue

49.94% pre-issue; 35.12% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

74.59

74.59

9.24

6.12

6.12

19.66

7.68

7.68

36.99

FY25

FY25

44.13

44.13

3.66

2.16

2.16

13.27

5.97

5.97

21.07

FY24

FY24

35.49

35.49

2.79

1.91

1.91

3.65

1.94

1.94

7.89

ROE

37.15%

ROCE

49.36%

Debt / equity

0.39

PAT margin

8.20%

P/E post issue

14.74

Market cap

₹90.12 Cr

Use of IPO money

Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions

₹7.60 Cr

Funding the working capital requirements of the Company

₹11.60 Cr

General Corporate Purposes

₹4.01 Cr

Issue Expenses

₹3.52 Cr

Strengths

✓

Revenue up 69% in FY26 to ₹74.59 Cr

✓

PAT up 183% in FY26 to ₹6.12 Cr

✓

ROE of 37.15% and ROCE of 49.36%

✓

Moderate leverage: debt to equity 0.39

Risks to watch

!

SME platform: large lot size and thinner trading liquidity

!

Modest PAT margin of 8.20%

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.