Dhanwel Hybrid Seeds IPO
FMCG • ₹26.73 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Regulatory or legal risks cited in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹99
Lot Size
1200 shares
Issue Size
₹26.73 Cr
Open
19 Aug 2026
Close
21 Aug 2026
Subscription
1.61×
IPO Schedule
| Issue Open Date | 19 Aug 2026 |
| Issue Close Date | 21 Aug 2026 |
| Allotment Date | 24 Aug 2026 |
| Listing Date | 25 Aug 2026 |
About Dhanwel Hybrid Seeds
Dhanwel Hybrid Seeds Limited is engaged in the seed business, covering the development, multiplication, processing, and supply of seeds for various field crops and vegetable varieties. The company undertakes seed production using improved genetic seed material sourced from recognised agricultural institutions, government-supported research organisations, and the open market. Seed cultivation is carried out through arrangements with identified farmers, where the company provides seed material, cultivation protocols, and technical support while monitoring crop quality through its field staff and agronomists. In addition to contract farming arrangements, the company also procures seeds directly from farmers and the open market based on operational requirements. Post-harvest, seeds are processed through cleaning, grading, treatment, and packaging at the company's processing facility located at Jashapar, Jamnagar district, Gujarat. The facility spans over 10,218 square feet and is equipped with processing infrastructure for quality control and storage. The company markets its products under the “Dhanwel Seeds” brand and holds ISO 9001:2015 certification.
Company Details
Founders / Promoters
Mr Kishankumar Gordhanbhai Meghani
Founded
2018
Registrar
Cameo Corporate Services Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Dhanwel Hybrid Seeds — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (9/10), Dhanwel Hybrid Seeds listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company states that it offers a diversified portfolio of seeds across multiple field crops and vegetables, including groundnut, soybean, sesame, wheat, gram, cumin, fodder, bajri, onion, and coria
- The company states that it follows quality control measures across sourcing, processing, and packaging operations. It holds ISO 9001:2015 certification for manufacturing, processing, and supply of see
- The company states that customer satisfaction forms an important part of its operations. It claims to maintain ongoing relationships through repeat business and routine commercial engagement. Accordin
- The company states that it is led by promoters with experience in the agricultural seed business and supported by a dedicated management team overseeing day-to-day operations. The company claims that
- The company states that it had an order book of approximately Rs 13.12 crore as on the relevant date, comprising confirmed orders pending execution. The company claims that the diversified order book,
Score breakdown — what drove this verdict
High risk from DRHP → score -1.6
Institutional subscription → score 0
Actual listing outcome → score −0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹99
Listing Price
₹99
Listing Gain/Loss
+0.00%
Listing Date
25 Aug 2026
Price Since Listing
Returns are measured against the ₹99 issue price.
Listing
₹99
+0.0%
1 Week
₹84.89
-14.3%
Current
₹39.85
-59.7%
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FAQ
What is the price band of Dhanwel Hybrid Seeds IPO?
The price band is ₹99 per share with a lot size of 1200 shares. Minimum investment: ₹1,18,800.
What does Dhanwel Hybrid Seeds do?
Dhanwel Hybrid Seeds Limited is engaged in the seed business, covering the development, multiplication, processing, and supply of seeds for various field crops and vegetable varieties. The company undertakes seed production using improved genetic seed material sourced from recognised agricultural institutions, government-supported research organisations, and the open market. Seed cultivation is carried out through arrangements with identified farmers, where the company provides seed material, cultivation protocols, and technical support while monitoring crop quality through its field staff and agronomists. In addition to contract farming arrangements, the company also procures seeds directly from farmers and the open market based on operational requirements. Post-harvest, seeds are processed through cleaning, grading, treatment, and packaging at the company's processing facility located at Jashapar, Jamnagar district, Gujarat. The facility spans over 10,218 square feet and is equipped with processing infrastructure for quality control and storage. The company markets its products under the “Dhanwel Seeds” brand and holds ISO 9001:2015 certification.
Should I apply for Dhanwel Hybrid Seeds IPO?
Dhanwel Hybrid Seeds listed at ₹99 (+0.0% premium to the ₹99 issue price) after 1.6x subscription. IPOFins Score 2/10: Driven by QIB demand at 1.0x and elevated disclosed risk (9/10), Dhanwel Hybrid Seeds listed at a premium of 0.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Dhanwel Hybrid Seeds?
Dhanwel Hybrid Seeds was founded by Mr Kishankumar Gordhanbhai Meghani in 2018.