Dhanwel Hybrid Seeds IPO: dates, price band, lot size and GMP
Dhanwel Hybrid Seeds IPO listed on 26 Aug at ₹99 (BSE SME). Issue dates 19 – 21 Aug 2026, price band ₹99, lot 1,200 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Dhanwel Hybrid Seeds listed on 26 Aug 2026 on BSE SME at ₹99, ₹0 (0.0%) against the ₹99 upper band. Dhanwel Hybrid Seeds IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Dhanwel Hybrid Seeds IPO has a price band of ₹99, a lot of 1,200 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 19 – 21 Aug 2026 |
| Price band | ₹99 |
| Lot size | 1,200 shares |
| Issue size | ₹26.73 Cr |
| Fresh issue | ₹25.38 Cr |
| Subscription | 1.65x |
| Registrar | Cameo Corporate Services Ltd. |
| Lead managers | Wealth Mine Networks Ltd. |
| Status | Listed |
Timeline
- Issue opens: 19 Aug
- Issue closes: 21 Aug
- Allotment: 24 Aug
- Refunds: 25 Aug
- Demat credit: 25 Aug
- Listing: 26 Aug
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 1x |
| NII | 0.24x |
| sNII | 0.61x |
| bNII | 0.05x |
| Retail | 3.08x |
| Total | 1.65x |
Last updated 21 Aug 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹90.12 Cr |
| P/E (pre-issue) | 10.37x |
| P/E (post-issue) | 14.74x |
| Fresh issue (shares) | 25,63,200 |
| Total shares offered | 25,63,200 |
| Promoter holding pre-issue | 49.94% |
| Promoter holding post-issue | 35.12% |
| Promoters | Kishankumar Gordhanbhai Meghani, Vimal Mansukhbhai Vekariya, Sudhir Mohanbhai Pilaliya and Nikul Mansukhbhai Vekariya |
| Lead managers | Wealth Mine Networks Ltd. |
| Registrar phone | 044-28460390/28460391/28460392 |
| Registrar email | ipo@cameoindia.com |
| Company website | dhanwelseeds.com |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 2,400 | ₹2,37,600 |
| Retail (maximum) | 2 | 2,400 | ₹2,37,600 |
| sNII (minimum) | 3 | 3,600 | ₹2,37,600 |
| bNII (minimum) | 3 | 3,600 | ₹10,69,200 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 1.1% | 28,800 | Not more than 50% of the Net Issue |
| NII (HNI) | 49.4% | 12,67,200 | Not more than 15% of the Net Issue |
| sNII | 16.5% | 4,22,400 | |
| bNII | 33% | 8,44,800 | |
| Retail | 49.4% | 12,67,200 | Not less than 35.00% of Net Issue |
| Market Maker | 5.3% | 1,36,800 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 19 Aug | 0.00x | 0.02x | 0.06x | 0.00x | 0.16x | 0.09x |
| Day 2 · 20 Aug | 0.00x | 0.10x | 0.28x | 0.01x | 1.41x | 0.75x |
| Day 3 · 21 Aug | 1.00x | 0.24x | 0.61x | 0.05x | 3.08x | 1.65x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹9.55 |
|---|---|
| EPS (post-issue) | ₹6.72 |
| P/E (pre-issue) | 10.37x |
| P/E (post-issue) | 14.74x |
| RoNW | 31.11% |
| RoCE | 49.36% |
| RoE | 37.15% |
| PAT margin | 8.2% |
| EBITDA margin | 12.38% |
| Price / book | 3.22x |
| NAV per share | ₹30.7 |
| Debt / equity | 0.39 |
| Market cap (upper band) | ₹90.12 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 36.99 | 21.07 | 7.89 | +75.6% |
| Total Income | 74.59 | 44.13 | 35.49 | +69% |
| Profit After Tax | 6.12 | 2.16 | 1.91 | +183.3% |
| EBITDA | 9.24 | 3.66 | 2.79 | +152.5% |
| NET Worth | 19.66 | 13.27 | 3.65 | +48.2% |
| Reserves and Surplus | 13.25 | 9.03 | 0.27 | +46.7% |
| Total Borrowing | 7.68 | 5.97 | 1.94 | +28.6% |
About Dhanwel Hybrid Seeds
Dhanwel Hybrid Seeds Limited is engaged in the production, processing, and distribution of agricultural seeds for a variety of field crops and vegetable segments. The company focuses on supplying high-quality seeds developed using improved genetic material sourced from research institutions, recognized organizations, and other reliable market sources. The seed production process is carried out through a structured approach that includes cultivation, seed multiplication, processing, quality testing, and packaging to ensure consistency, purity, and performance.
The company collaborates with selected contract farmers and seed growers, providing them with foundation seed material, technical support, and continuous supervision throughout the crop cycle. Its product portfolio includes a diverse range of crop seeds such as groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek, cumin, and other agricultural seed varieties catering to the needs of farmers across different regions. Following harvest, the seeds undergo multiple stages of processing at the company's facility located in Jashapar, Jamnagar.
These activities include cleaning, grading, treatment, testing, and packaging to maintain high germination standards and product quality. In addition to contract production, the company also sources seeds directly from farmers and the open market whenever required to meet demand. Key Competitive Advantages Extensive product portfolio comprising a wide range of crop seeds and seed variants. Strong focus on quality control and assurance throughout the seed production and processing cycle. Customer-centric approach aimed at delivering reliable and high-performance seed products. Led by an experienced promoter group and supported by a dedicated management team with industry expertise.
Robust order book valued at approximately ₹1,312.50 lakh, providing strong business visibility.
Objects of the issue
- Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions — ₹7.6 Cr
- Funding the working capital requirements of the Company — ₹11.6 Cr
- General Corporate Purposes
Net proceeds: ₹19.2 Cr
Peer comparison
| Company | EPS (Basic) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Dhanwel Hybrid Seeds Ltd. (issuer) | 9.56 | 30.7 | — | 31.11% | — | — |
| Bombay Super Hybrid Seeds Ltd. | 2.54 | 12.49 | 39.09x | 20.35% | 7.33 | — |
| Upsurge Seeds of Agriculture Ltd. | 7.43 | 61.47 | 14x | 12.06% | 1.48 | — |
Notes: The figures of Dhanwel Hybrid Seeds Limited are based on financial statements as restated as on March 31,2026. Considering the nature and size of business of the Company, the peers are not strictly comparable. However same have been included for broad comparison. Current Market Price (CMP) and PE ratio is taken at the closing price of peer group scrips as on Aug 11, 2026. The figures for the peer group are based on the standalone audited financials for the year.
Offer documents: DRHP (PDF) · RHP (PDF)
Frequently asked questions
When does the Dhanwel Hybrid Seeds IPO open and close?
The issue is scheduled for 19 – 21 Aug 2026.
What is the Dhanwel Hybrid Seeds IPO price band?
The price band is ₹99 per share with a lot size of 1,200 shares.
How big is the Dhanwel Hybrid Seeds IPO?
The total issue size is ₹26.73 Cr.
When will Dhanwel Hybrid Seeds list?
The tentative listing date is 26 Aug on the SME platform.
How do I apply for the Dhanwel Hybrid Seeds IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Dhanwel Hybrid Seeds · as filed with SEBI · bsesme.com
- Red herring prospectus (RHP), Dhanwel Hybrid Seeds · as filed · bseindia.com
- Registrar allotment page, Cameo Corporate Services Ltd. · allotment 24 Aug · ipo.cameoindia.com
- BSE SME issues page · listing 26 Aug · bsesme.com
- Dhanwel Hybrid Seeds company website · dhanwelseeds.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 26 Aug, 04:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Dhanwel Hybrid Seeds IPO”, https://buyunlistedshares.com/ipo/dhanwel-hybrid-seeds-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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