The Dhanlaxmi Crop Science IPO is live from December 9 to December 11, 2024, with a price band of ₹52-₹55 per share. It aims to raise ₹23.80 crores by issuing 43.28 lakh fresh shares, and retail investors need a minimum investment of ₹110,000 for 2,000 shares. As of today, the Dhanlaxmi Crop Science IPO GMP is ₹28, reflecting strong investor sentiment for this NSE SME platform listing on December 16, 2024.
Understanding the Dhanlaxmi Crop Science IPO GMP Today
The Dhanlaxmi Crop Science IPO GMP today is ₹28, signaling investor confidence and a likelihood of a premium listing. The Grey Market Premium (GMP) often serves as an indicator of how an IPO might perform on the listing day, and in this case, it points to positive sentiment for the company’s stock.
Key Details of the Dhanlaxmi Crop Science IPO
- Open Date: December 9, 2024
- Close Date: December 11, 2024
- Allotment Date: December 12, 2024
- Refund Date: December 13, 2024
- Listing Date: December 16, 2024
This timeline ensures a seamless process for investors, from subscription to listing.
Dhanlaxmi Crop Science IPO GMP Price Analysis
The Dhanlaxmi Crop Science IPO GMP price stands at ₹28 as of now. This premium indicates that shares might list significantly above the price band of ₹52-₹55 per share, offering an attractive opportunity for investors.
Key financial details include:
- Issue Size: ₹23.80 crores
- Price Band: ₹52-₹55 per share
- Lot Size: 2,000 shares
- Minimum Investment: ₹110,000
Such competitive pricing and positive GMP trends make this IPO a potential win for both retail and institutional investors.
Dhanlaxmi Crop Science IPO Subscription Status
The Dhanlaxmi Crop Science IPO subscription status is not yet fully reported, as the IPO opened today. However, with a GMP of ₹28, experts anticipate strong demand from all investor categories. Keep an eye on updates to assess oversubscription levels, which can further boost the stock’s value.
Financial Performance Supporting the Dhanlaxmi Crop Science Share Price
The company’s robust financial growth strengthens confidence in the Dhanlaxmi Crop Science share price:
- Revenue: Increased from ₹46.64 crores in FY2023 to ₹63.75 crores in FY2024.
- Profit: Grew from ₹3.00 crores to ₹4.65 crores in the same period.
This upward trajectory highlights the company’s ability to capitalize on market opportunities, justifying the Dhanlaxmi Crop Science IPO GMP review as positive.
Why is the Dhanlaxmi Crop Science IPO GMP Review Positive?
- Strong GMP Today: At ₹28, indicating a high probability of listing gains.
- Sector Potential: The agricultural sector remains a critical driver of India’s economy.
- Promising Financials: Consistent growth in revenue and profitability.
The Dhanlaxmi Crop Science IPO GMP review positions this IPO as a lucrative option for investors seeking exposure to the agricultural sector.
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Final Thoughts on Dhanlaxmi Crop Science IPO GMP
The Dhanlaxmi Crop Science IPO GMP today suggests a strong debut for the company’s stock. With its affordable price band, positive financials, and strong GMP trends, this IPO is a compelling choice for investors.
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Frequently Asked Questions (FAQ)
What is the GMP of the Dhanlaxmi Crop Science IPO today?
The Grey Market Premium (GMP) of the Dhanlaxmi Crop Science IPO today stands at ₹28, reflecting a positive sentiment among investors for the listing of this IPO.
What is the price band for the Dhanlaxmi Crop Science IPO?
The price band for the Dhanlaxmi Crop Science IPO has been set between ₹52 and ₹55 per share, offering investors a choice within a competitive price range.
How many shares are available for retail investors in the Dhanlaxmi Crop Science IPO?
Retail investors can apply for a minimum of 2,000 shares in the Dhanlaxmi Crop Science IPO, which will require an investment of ₹110,000 for the lot size.
What is the Dhanlaxmi Crop Science IPO listing date?
The Dhanlaxmi Crop Science IPO is scheduled to be listed on the NSE SME platform on December 16, 2024, marking an exciting milestone for the company.
Why should I invest in the Dhanlaxmi Crop Science IPO?
The Dhanlaxmi Crop Science IPO offers a strong investment opportunity due to its positive GMP of ₹28 and solid financial growth. The company has demonstrated revenue and profit growth, positioning it well for long-term potential in the agricultural sector.
How can I track the Dhanlaxmi Crop Science IPO subscription status?
Investors can track the Dhanlaxmi Crop Science IPO subscription status through various financial websites and platforms, or on the official NSE SME page dedicated to the IPO.