Founded in 2005, Dhanlaxmi Crop Science is a technology-driven company specialising in seeds, with with over 18 years of experience. The company focuses on developing, producing, processing and sale of a wide variety of hybrid and open-pollinated field and crop vegetable seeds.
Combining traditional breeding methods with cutting-edge biotechnology, Dhanlaxmi Crop Science strives to create seeds with higher yields, improved quality, and resilience to pests, diseases, and diverse agro-climatic conditions. Their extensive product range includes seeds for a wide range of crops, including Cotton, Wheat, Cumin, Maize, Soybean, Okra, and more, catering to the diverse agricultural needs of farmers across different regions in India.
Dhanlaxmi Crop Science has made notable strides in its research and development initiatives as of 30 September 2024. The company has submitted multiple applications for cotton, wheat, and green gram varieties under the Protection of Plant Varieties and Farmers’ Rights (PPV & FR) Act. Market acceptance for their hybrid cotton seeds, including standout performers like Advance and Agniveer, highlights their reputation for delivering high-quality, high-yield solutions. Their innovative edge is anchored in a robust germplasm repository, which serves as a foundation for the continuous creation of seeds that align with the shifting demands of the agricultural sector and empower farmers to maximise productivity.
Dhanlaxmi Crop Science operates extensively across five states in India, focusing on the cultivation of diverse crops and vegetables. In fiscal year 2024, cotton seeds emerged as the company’s primary revenue driver, contributing 95.64% of total sales. Alongside cotton, the company has steadily grown its portfolio of field and vegetable crops such as wheat, bajra, and okra. By September 30, 2024, the company had produced 725 metric tons of raw seeds, leveraging a network of over 45 seed growers across four states through contractual farming arrangements. Its advanced processing facility in Gujarat further supports these operations.
To ensure a seamless supply chain, Dhanlaxmi Crop Science has established a distribution network comprising 1,185 authorized dealers and distributors, covering major agricultural states like Gujarat, Rajasthan, Haryana, and Maharashtra. Strategically positioned storage facilities enhance their ability to cater efficiently to farmers’ needs. With this infrastructure, the company is poised to seize new market opportunities and expand its footprint.
The company’s Initial Public Offering (IPO) proceeds from the Fresh Issue will be allocated towards these following objectives:
- To meet working capital requirements
- To meet the issue expenses
- General corporate purposes
You can now apply for the Dhanlaxmi Crop Science IPO on Upstox. Click here.