Dhanwel Hybrid Seeds IPO: Price Band Rs. 95-99, Opens Aug 19
By ThePip Desk
Dhanwel Hybrid Seeds IPO opens Aug 19, 2026, with a price band of Rs. 95-99 per share. The company aims to raise Rs. 26.73 crore.
Dhanwel Hybrid Seeds Limited’s Initial Public Offering opens August 19, 2026, with a price band set at Rs. 95 to Rs. 99 per equity share. The seed manufacturer aims to raise up to Rs. 26.73 crore through this offering.
- IPO Price Band: Rs. 95 to Rs. 99 per equity share
- Total Issue Size: Up to Rs. 26.73 crore
- Equity Shares Offered: 2,700,000 shares
- Fresh Issue Shares: 2,563,200 shares
- IPO Open Date: August 19, 2026
- IPO Close Date: August 21, 2026
- Tentative Allotment: August 24, 2026
- Expected Listing: August 26, 2026
The IPO includes a reservation for the Market Maker. Wealth Mine Networks Limited serves as the Book Running Lead Manager, with Cameo Corporate Services Limited handling registrar duties.
Proceeds Utilization
Dhanwel Hybrid Seeds plans to allocate the IPO proceeds for specific financial objectives.
- Repayment of borrowings: Rs. 7.60 crore
- Funding working capital requirements: Rs. 11.60 crore
- Remainder: General corporate purposes
Financial Snapshot
The Jamnagar-based company has shown growth in its financial performance recently.
- Total Income FY26: Rs. 74.59 crore (up from Rs. 35.49 crore in FY24)
- Profit After Tax FY26: Rs. 6.12 crore (up from Rs. 1.91 crore in FY24)
Growth Outlook
Mr. Kishankumar Gordhanbhai Meghani, Chairman and Managing Director, noted the IPO marks a “significant step” for company growth. The proceeds will bolster working capital and support expansion efforts. Incorporated in 2018, Dhanwel Hybrid Seeds specializes in producing seeds for various field crops and vegetables, including groundnut, soybean, gram, and wheat.