Dhanlaxmi Crop Science has made investors rich as soon as it entered the stock market.
Share of Dhanlaxmi Crop Science has been listed in the market at Rs 104.50 with a profit of 90 percent.
The price of the company’s share in the IPO was Rs 55. Dhanlaxmi Crop Science’s IPO was open for betting on 9 December 2024 and remained open until 11 December.
The total size of the public issue of Dhanlaxmi Crop Science was up to Rs 23.80 crore. Dhanlaxmi Crop Science develops, processes, and sells seeds for field crops and vegetables.
Shares Rise Sharply After A Great Listing
Share of Dhanlaxmi Crop Science has risen sharply after a tremendous listing at a 90% premium.
After the initial listing, the stocks of Dhanlaxmi Crop Science reached the upper limit of 5% and are now at the price of Rs 109.70.
As against the issue price of Rs 55, the company’s share doubled the investors’ money on the very first day.
Share of Dhanlaxmi Crop Science has jumped nearly 100% as against the issue price.
Before the IPO, the promoters’ stake in the company was 76.70%, which has now come down to 56.37%.
More Than 555 Times Bets Placed On The Company’s IPO
A total of 555.83 times bets were placed on Dhanlaxmi Crop Science IPO. The quota of retail investors in the company’s IPO was subscribed 441.18 times.
At the same time, the non-institutional investors (NII) category received 1241.27 times subscription.
At the same time, the Qualified Institutional Buyers (QIB) category got 197.65 times subscription.
Retail investors could bet only for 1 lot in the company’s IPO. There were 2000 shares in one lot of the IPO. That is, retail investors had to invest Rs 1.10 lakh for 1 lot.
Quick Fact
| Company name | Dhanlaxmi Crop Science |
|---|---|
| IPO price | ₹55 |
| Listing price | ₹104.50 |
| Listing gain | 90% |
| Total IPO size | ₹23.80 crore |
| IPO open date | 9 December 2024 |
| IPO close date | 11 December 2024 |
| Business activity | Develops, processes, and sells seeds for field crops and vegetables |
| Promoters’ stake (before IPO) | 76.70% |
| Promoters’ stake (after IPO) | 56.37% |
| Subscription (total) | 555.83 times |
| Retail investors’ subscription | 441.18 times |
| Non-institutional investors’ subscription | 1241.27 times |
| Qualified Institutional Buyers’ subscription | 197.65 times |
| Lot size | 2000 shares |
| Investment for 1 lot | ₹1.10 lakh |
| Listing performance | Shares rose to ₹109.70, reaching an upper circuit of 5% on the first day |
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