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Dhanlaxmi Crop Science IPO Skyrockets on Debut, Surges 90% Above Offer Price!

Dhanlaxmi Crop Science's IPO on NSE SME quickly hit the upper circuit, with shares opening at Rs 104.50, a 90% jump from the IPO price, showcasing strong investor confidence.
Dhanlaxmi Crop Science IPO hits upper circuit at NSE SME, opening at 90% above listing price.

Dhanlaxmi Crop Science’s IPO saw a strong start on the NSE SME, with shares quickly hitting the upper circuit. The stock debuted at Rs 104.50, marking a 90% increase from the IPO price of Rs 55. This robust performance reflects significant investor confidence in the technology-driven seed company.

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Dhanlaxmi Crop Science Limited IPO closed successfully, garnering an extraordinary 528.90x subscription. This remarkable response highlights the strong demand and investor confidence in the company’s growth potential, marking it as a significant milestone in the market.

Also Read : 3 Stocks in which Govt of Singapore bought fresh stake in Q2 to look out for

Dhanlaxmi Crop Science Limited, with 18+ years in the industry, develops high-yield, pest-resistant seeds using traditional breeding and biotechnology across five states. Specializing in cotton, the company supports its operations with advanced R&D and a network of 1,185 dealers.

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Also Read : Infra stock with orderbook guidance of ₹12,000 Cr for FY25 to keep a watch on

Dhanlaxmi Crop Science Ltd’s IPO aims to raise funds primarily for working capital needs and general corporate purposes, including marketing, debt repayment, and business development to support growing demand.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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