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DHANWEL HYBRID SEEDS IPO

ALREADY DEPARTEDBSE SME · SME · OTHER AGRICULTURAL PRODUCTS
INDICATIVE FARE / PRICE BAND
₹99
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 02 SEPT 2026, 11:34 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹99
LOT SIZE
1200 SHARES
ISSUE SIZE
₹26.73 CR
MIN INVESTMENT
₹1,18,800 · 1200 SHARES
P/E RATIO
10.37
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
19 AUG 26
✓ STOP CLEARED
CLOSES
21 AUG 26
✓ STOP CLEARED
ALLOTMENT
24 AUG 26
✓ STOP CLEARED
LISTING
26 AUG 26
✓ STOP CLEARED
REFUNDS INITIATED25 AUG 26SHARES IN DEMAT25 AUG 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹99
DAY-1 LISTING GAIN
+0%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION1.65×
QIB
NII0.24×
SMALL HNI0.61×
BIG HNI0.05×
RETAIL3.08×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
MINIMUM APPLICATION · AS PUBLISHED22,400₹2,37,600
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹99 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS · ONE LOT ALREADY EXCEEDS THE RETAIL CEILING ON THIS ISSUE
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹25.38 CR
25,63,200 SHARES
TOTAL SHARES OFFERED
25,63,200

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
9.55
EPS · POST-ISSUE
6.72
P/E RATIO
10.37
P/E · POST-ISSUE
14.74
RONW
31.11%
ROCE
49.36%
ROE
37.15%
PAT MARGIN
8.2%
EBITDA MARGIN
12.38%
PRICE / BOOK
3.22
NAV PER SHARE
₹30.7
DEBT / EQUITY
0.39
MARKET CAP
₹90.12 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS7.8921.0736.99
TOTAL INCOME35.4944.1374.59
PROFIT AFTER TAX1.912.166.12
EBITDA2.793.669.24
NET WORTH3.6513.2719.66
RESERVES AND SURPLUS0.279.0313.25
TOTAL BORROWING1.945.977.68
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIO
Dhanwel Hybrid Seeds Ltd. · THIS ISSUER9.5630.731.11
Bombay Super Hybrid Seeds Ltd.2.5412.4939.0920.357.33
Upsurge Seeds of Agriculture Ltd.7.4361.471412.061.48
PEER GROUP STRUCK AS AT 31 MAR 2025 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

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.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions7.6
Funding the working capital requirements of the Company11.6
General Corporate Purposes
INR CR 19.2 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

QIB
28,800
Not more than 50% of the Net Issue
NII (HNI)
12,67,200
Not more than 15% of the Net Issue
SNII
4,22,400
SHARES
BNII
8,44,800
SHARES
RETAIL
12,67,200
Not less than 35.00% of Net Issue
MARKET MAKER
1,36,800
SHARES
25,63,200 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

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.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Kishankumar Gordhanbhai Meghani, Vimal Mansukhbhai Vekariya, Sudhir Mohanbhai Pilaliya and Nikul Mansukhbhai Vekariya
HOLDING PRE-ISSUE
49.94%
HOLDING POST-ISSUE
35.12%
BOOK-RUNNING LEAD MANAGERS
1 APPOINTED
Wealth Mine Networks Ltd.
REGISTRAR TO THE ISSUE
NAME
Cameo Corporate Services Ltd.
PHONE
044-28460390/28460391/28460392
THE COMPANY
PHONE
+91 7778889978
REGISTERED OFFICE
Survey No. 289/1, Opp. Saffron School, Rajkot- Kalawad Highway, At- Jashapar, Jamnagar, Gujarat, 361160
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Dhanwel Hybrid Seeds IPO price band?+

The indicative price band is ₹99 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Dhanwel Hybrid Seeds IPO?+

One lot is 1200 shares. At the upper band of ₹99, one lot works out to ₹1,18,800.

When does the Dhanwel Hybrid Seeds IPO open and close?+

The issue opened on 19 Aug 2026 and closed on 21 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Dhanwel Hybrid Seeds IPO allotment?+

Allotment is scheduled for 24 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Dhanwel Hybrid Seeds list?+

Listing took place on 26 Aug 2026 on BSE SME.

Where will Dhanwel Hybrid Seeds be listed?+

Dhanwel Hybrid Seeds is listed on BSE SME. It is an SME issue, so it trades on the SME platform.

How large is the Dhanwel Hybrid Seeds IPO?+

The issue size is ₹26.73 Cr — a fresh issue of ₹25.38 cr. Figures are indicative and subject to the RHP.

How was the Dhanwel Hybrid Seeds IPO subscribed?+

The issue was subscribed 1.65× overall. By category: qib 1×, nii 0.24×, small hni 0.61×, big hni 0.05×, retail 3.08×. Subscription figures are as reported by the exchanges.

At what price did Dhanwel Hybrid Seeds list?+

Dhanwel Hybrid Seeds listed at ₹99, +0% against the issue price.

Who is the registrar for the Dhanwel Hybrid Seeds IPO?+

The registrar to the issue is Cameo Corporate Services Ltd. (044-28460390/28460391/28460392), ipo@cameoindia.com.

Where can I check the Dhanwel Hybrid Seeds IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipo.cameoindia.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Dhanwel Hybrid Seeds IPO?+

The P/E ratio on file for this issue is 10.37, and the post-issue P/E is 14.74, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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