How to Check Dhanwel Hybrid Seeds IPO Allotment Status

Dhanwel Hybrid Seeds Limited is an agricultural seed company engaged in the development, multiplication, processing and supply of seeds for a variety of field crops and vegetables. Its seed-production process begins with sourcing improved genetic material from recognised agricultural institutions, research organisations and other approved sources.  

The company supplies breeder and foundation seeds to contract farmers and provides technical guidelines for cultivation. Its field staff and agronomists monitor crop development, following which harvested seeds are brought to the company's processing facility for cleaning, grading, treatment, quality checks, packaging and labelling.  

Its product portfolio includes seeds for crops such as groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek and cumin. The company markets its products under the “Dhanwel Seeds” brand. 

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About the Dhanwel Hybrid Seeds IPO 

Dhanwel Hybrid Seeds IPO is a book-built BSE SME issue of ₹26.73 crore. The IPO opened for subscription on August 19, 2026 and closed on August 21, 2026.  

The price band was fixed at ₹95 to ₹99 per share, while the lot size was 1,200 shares. The basis of allotment is scheduled for August 24, 2026, followed by refunds and credit of shares on August 25. The shares are expected to list on BSE SME on August 26, 2026.  

Cameo Corporate Services Limited is the registrar to the Dhanwel Hybrid Seeds IPO.  

Registrar:  Cameo Corporate Services Limited 

BSE: BSE IPO Allotment Status Page 

Dhanwel Hybrid Seeds IPO Subscription Status 

Dhanwel Hybrid Seeds IPO was subscribed 1.65 times on August 21, 2026, based on the final subscription data provided. The issue crossed full subscription on the closing day, primarily supported by demand from Individual Investors. 

The QIB category was subscribed 1.00 time on the final day after receiving no subscription during the first two days. 

The NII category remained undersubscribed, receiving bids equivalent to only 0.24 times the shares reserved for the category. 

Individual Investors recorded the strongest demand, with the category subscribed 3.08 times on the final day. 

Overall subscription increased from 0.09 times on Day 1 to 0.75 times on Day 2, before crossing full subscription and closing at 1.65 times on Day 3. The final subscription was therefore largely supported by Individual Investor demand, while NII participation remained comparatively weak. 

Dhanwel Hybrid Seeds IPO Share Price and Investment Details 

Dhanwel Hybrid Seeds IPO price band was fixed at ₹95 to ₹99 per share, with a lot size of 1,200 shares. The issue size stood at approximately ₹26.73 crore.  

For retail applicants, the minimum application was two lots or 2,400 shares, translating into an investment of ₹2,37,600 at the upper end of the price band.  

The IPO is proposed to list on the BSE SME platform on August 26, 2026. The basis of allotment is scheduled for August 24, while refunds and shares credited to successful applicants' demat accounts are expected on August 25.  

The subscription profile was mixed across categories. Individual Investors subscribed 3.08 times and QIBs reached 1.00 time, while the NII portion remained below full subscription. Overall demand stood at 1.65 times, based on the final figures provided. 

Utilisation of IPO Proceeds 

Dhanwel Hybrid Seeds proposes to utilise ₹11.60 crore of the net proceeds towards funding its working capital requirements. The seed business requires working capital for inventories, trade receivables and other current assets associated with its operating cycle.  

Another ₹7.60 crore is proposed to be utilised towards repayment or prepayment, in full or in part, of borrowings availed from banks and financial institutions. This is expected to reduce outstanding indebtedness and associated finance costs.  

The remaining eligible proceeds are proposed to be deployed towards general corporate purposes.  

The IPO is structured as a fresh issue, meaning the proceeds from the fresh shares will accrue to the company rather than selling shareholders.  

Business Overview 

Dhanwel Hybrid Seeds operates across multiple stages of the seed production and supply chain, covering genetic seed material sourcing, cultivation, processing, quality control, packaging and distribution.  

The company works with contract farmers to multiply breeder and foundation seeds. It provides seed material and cultivation guidance while its agronomists and field personnel monitor crop development. Once harvested, seeds are transported to its processing facility at Jashapar in Jamnagar, Gujarat, where they undergo cleaning, grading, treatment and packaging.  

Its processing facility covers more than 10,218 square feet and supports the company's integrated seed-processing operations. Alongside contract farming, the company also procures seeds directly from farmers and the open market, providing additional sourcing flexibility.  

Dhanwel Hybrid Seeds reported operating revenue of ₹74.59 crore in FY26, compared with ₹44.13 crore in FY25 and ₹35.49 crore in FY24. Profit increased to approximately ₹6.12 crore in FY26, from ₹2.16 crore in FY25 and ₹1.91 crore in FY24.  

Key strengths include its integrated seed production model, diversified crop-seed portfolio, relationships with contract farmers, in-house processing infrastructure, experienced agronomy team and established Dhanwel Seeds brand. The company is also ISO 9001:2015 certified.  

Investors should also consider risks associated with dependence on agricultural and climatic conditions, reliance on contract farmers, concentration among customers and suppliers, fluctuations in raw material and labour costs, working-capital requirements, crop failures and competition from established seed manufacturers.