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IPO Open

Wed, Aug 19, 2026

IPO Close

Fri, Aug 21, 2026

Price Band

₹95 to ₹99

Market Cap (Pre-IPO)

₹90.12 Cr * on Upper Price

IPO Details

  • IPO Date
    19 to 21 Aug, 2026
  • Listing Date
    Wed, Aug 26, 202
  • Face Value
    ₹10 per share
  • Price Band
    ₹95 to ₹99
  • Lot Size
    1,200 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    27,00,000 shares (agg. up to ₹27 Cr)
  • Reserved for Market Maker
    1,36,800 shares (agg. up to ₹1 Cr) Aikyam Capital Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    25,63,200 shares (agg. up to ₹25 Cr)
  • Net Offered to Public
    25,63,200 shares (agg. up to ₹25 Cr)
  • Share Holding Pre Issue
    64,03,320 shares
  • Share Holding Post Issue
    91,03,320 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Aug 19, 2026
  • Allotment
    Mon, Aug 24, 2026
  • Credit of Shares
    Tue, Aug 25, 2026
  • IPO Close
    Fri, Aug 21, 2026
  • Refund
    Tue, Aug 25, 2026
  • Listing
    Wed, Aug 26, 2026

Issue Reservation

Dhanwel Hybrid Seeds IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,63,200 shares, after excluding 1,36,800 shares allotted on a firm basis. Of the Net offer 28,800 (1.12%) are allocated to QIB, 12,67,200 (49.44%) allocated to NII 12,67,200 (49.44%) allocated to RII.

Investor Category Shares % of Net Issue % of Total Issue
QIB 28,800 1.12% 1.07%
NII (HNI) 12,67,200 49.44% 46.93%
  − bNII > ₹10L 8,44,800 31.29%
  − sNII < ₹10L 4,22,400 15.64%
Retail 12,67,200 49.44% 46.93%
Firm Reservations
Market Maker 1,36,800 5.07%
Total 27,00,000 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,37,600
Individual investors (IND) (Max) 2 2,400 ₹2,37,600
S-HNI (Min) 3 3,600 ₹3,56,400
S-HNI (Max) 8 9,600 ₹9,50,400
B-HNI (Min) 9 10,800 ₹10,69,200

About Dhanwel Hybrid Seeds Ltd.

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.

The Company works with selected seed-growing farmers under supervised arrangements, where it provides seed material and technical guidance while closely monitoring crop quality. After harvest, seeds are processed at the company’s facility in Jashapar, Jamnagar, through cleaning, grading, treatment, and packing to ensure high quality and viability. The company also procures seeds directly from farmers and the open market when required.

As of April 30, 2026, the company had 18 employees across various business functions, supported by additional daily-wage workers as needed.

Competitive Strengths:

  • Wide Range of Seeds and its Variants
  • Quality Assurance
  • Customer Satisfaction
  • Experienced Promoter supported by dedicated Management team
  • Strong order book of Rs 1,312.50 Lakhs

Company Financials (Restated)

Dhanwel Hybrid Seeds Ltd.’s revenue increased by 69% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2026 and March 31, 2025. (Amount in ₹ Crore)

Period Ended 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

Recently Listed IPOs in Other Agricultural Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Adon Agro Commodities Ltd. SME ₹44.03 Cr ₹70 16.22 ₹82.16 +17.37% ₹84.90
M R Maniveni Foods Ltd. SME ₹27.04 Cr ₹52 18.11 ₹41.13 -20.90% ₹31.17
NFP Sampoorna Foods Ltd. SME ₹24.53 Cr ₹55 16.81 ₹51.80 -5.82% ₹23.00

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding towards Repayment or prepayment, in full or in part, of borrowings availed by Company from banks and financial institutions
    7.60
  • 2 Funding the working capital requirements of the Company
    11.60
  • 3 General Corporate Purposes
  • Total
    19.20

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 37.15%
ROCE 49.36%
Debt/Equity 0.39
RoNW 31.11%
PAT Margin 8.20%
EBITDA Margin 12.38%
Price to Book Value 3.22
Pre IPO Post IPO
EPS (₹) 9.55 6.72
P/E (x) 10.37 14.74
Promoter Holding 49.94% 35.11%
Market Cap ₹90.12 Cr.
Mr. Kishankumar Gordhanbhai Meghani, Mr. Vimal Mansukhbhai Vekariya, Mr. Sudhir Mohanbhai Pilaliya and Mr. Nikul Mansukhbhai Vekariya.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 49.94% 35.12%
Public 50.06% 64.88%
Total 100% 100%

Company Promoters: Kishankumar Gordhanbhai Meghani, Vimal Mansukhbhai Vekariya, Sudhir Mohanbhai Pilaliya and Nikul Mansukhbhai Vekariya.

IPO Review

[Dilip Davda]

DHSL is engaged in the business of seed manufacturing and marketing. It originally planned to float its IPO in June 2026, but it stood withdrawn and it not re-launched afresh with a change in its market maker and syndicate member. The company marked growth in its top and bottom lines for the reported periods. Spurted bottom lines for FY26 raise eyebrows and concern over its sustainability, as it operates in a highly competitive and fragmented segment. Small paid-up equity capital post-IPO, indicates longer gestation period for migration. Based on its recent financial data, the issue appears aggressively priced. The merchant banker has a poor track record. Simply stay away from this pricey and dicey IPO.

Dhanwel Hybrid Seeds IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Cameo Corporate Services Ltd.

IPO Lead Manager(s)

  1. Wealth Mine Networks Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Dhanwel Hybrid Seeds Ltd. Address
Survey No. 289/1, Opp. Saffron School,
Rajkot- Kalawad Highway,
At- Jashapar,
Jamnagar, Gujarat, 361160

IPO FAQs

Dhanwel Hybrid Seeds IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹95 to ₹99. The minimum order quantity is 1200.

The IPO opens on Wed, Aug 19, 2026, and closes on Fri, Aug 21, 2026.

Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Dhanwel Hybrid Seeds IPO using UPI as a payment gateway. Angel One customers can apply in Dhanwel Hybrid Seeds IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Dhanwel Hybrid Seeds IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Dhanwel Hybrid Seeds IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Dhanwel Hybrid Seeds IPO opens on Wed, Aug 19, 2026 and closes on Fri, Aug 21, 2026.

Dhanwel Hybrid Seeds IPO lot size is 1200, and the minimum amount required for application is ₹2,37,600, with 2 lots being the minimum application size.

You can apply in Dhanwel Hybrid Seeds IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Dhanwel Hybrid Seeds IPO will be done on Monday, August 24, 2026, and the allotted shares will be credited to your demat account by Tue, Aug 25, 2026. Check the Dhanwel Hybrid Seeds IPO allotment status.

The Dhanwel Hybrid Seeds IPO listing date is not yet announced. The tentative date of listing is Wed, Aug 26, 2026.

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IPO FAQs

Avience Biomedicals IPO is a SME IPO of 14,53,800 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹196 to ₹208. The minimum order quantity is 600.

The IPO opens on Thu, Jun 18, 2026, and closes on Mon, Jun 22, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in Avience Biomedicals IPO using UPI as a payment gateway. Angel One customers can apply in Avience Biomedicals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Avience Biomedicals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Avience Biomedicals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Avience Biomedicals IPO opens on Thu, Jun 18, 2026 and closes on Mon, Jun 22, 2026.

Avience Biomedicals IPO lot size is 600, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.

You can apply in Avience Biomedicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Avience Biomedicals IPO will be done on Tuesday, June 23, 2026, and the allotted shares will be credited to your demat account by Wed, Jun 24, 2026. Check the Avience Biomedicals IPO allotment status.

The Avience Biomedicals IPO listing date is not yet announced. The tentative date of listing is Thu, Jun 25, 2026.

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