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.
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.
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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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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.
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