Dhanwel Hybrid Seeds IPO Day 2 Subscription Status: Issue Booked 0.20x So Far

Mumbai, August 20: The Dhanwel Hybrid Seeds IPO continued to see bidding on Thursday, with the ₹26.73 crore issue remaining below full subscription midway through its three-day bidding window. The IPO opened on August 19 and will close on August 21, 2026.

As of 10:32 AM on August 20, investors had bid for 5.24 lakh shares against 25.63 lakh shares offered to the public. The issue had received 215 applications at the time of the update.

The individual investor category has seen relatively higher participation compared with the other investor segments, although it was still subscribed at less than one time.

Dhanwel Hybrid Seeds IPO Subscription Status

The overall subscription stood at 0.20 times as of 10:32 AM on August 20. Individual investors had subscribed to 0.38 times their reserved portion, while the NII category stood at 0.04 times.

Within the NII category, the sub-segment for applications below ₹10 lakh was subscribed 0.11 times, while the segment for bids above ₹10 lakh had not received any bids at the time of the update.

Dhanwel Hybrid Seeds IPO Day-Wise Subscription Summary

The overall subscription improved from 0.09 times on the opening day to 0.20 times by the morning of Day 2. Retail participation also moved higher during the second day.

The Day 2 numbers show that individual investors remained the most active category so far. Overall bidding, however, was still below the number of shares available for subscription.

Dhanwel Hybrid Seeds IPO Timeline

Brief Overview Of Dhanwel Hybrid Seeds IPO

Dhanwel Hybrid Seeds is raising ₹26.73 crore through a book-built IPO. The issue is entirely a fresh issue of 27 lakh shares.

The price band has been fixed at ₹95 to ₹99 per share. The lot size is 1,200 shares, while an individual investor needs to apply for a minimum of 2,400 shares. At the upper end of the price band, this translates into a minimum investment of ₹2,37,600.

The IPO has reserved 49.44% of the net issue for both the NII and individual investor categories, while QIBs have been allocated 1.12% of the net issue. A separate portion has been reserved for the market maker.

Brief Overview Of The IPO

Dhanwel Hybrid Seeds IPO is a ₹26.73 crore book-built issue comprising 27,00,000 fresh equity shares. The price band is ₹95 to ₹99 per share, with a lot size of 1,200 shares. At the upper price band, the minimum application for two lots in the individual investor category is ₹2,37,600.

The issue is being listed on the BSE SME platform. Wealth Mine Networks Ltd. is the book-running lead manager, while Cameo Corporate Services Ltd. is the registrar to the issue.
Dhanwel Hybrid Seeds is engaged in the manufacturing, processing and supply of seeds for field crops and vegetables. Its operations cover sourcing of genetic seed material, seed multiplication through arrangements with seed-growing farmers, processing, grading, treatment, quality checks, packing and distribution. The company’s products are marketed under the Dhanwel Seeds brand.

The company was originally formed as a partnership firm under the name M/s Super Vegetable Seeds in 2018 and was subsequently converted into Dhanwel Hybrid Seeds Limited in 2024. Its processing facility is located in Jamnagar, Gujarat.
At the Day 2 checkpoint, the IPO remained unsubscribed overall, with retail investors accounting for the larger share of bids. The subscription window remains open until August 21, 2026.

Conclusion

The Dhanwel Hybrid Seeds IPO has seen an improvement in subscription levels on the second day, although the issue remained at 0.20 times as of 10:32 AM on August 20. Individual investors accounted for the bulk of the bids, with their portion subscribed 0.38 times.

The IPO will remain open for subscription through August 21. The basis of allotment is scheduled for August 24, followed by refunds and credit of shares on August 25. The shares are expected to list on the BSE SME platform on August 26, 2026.

Source:

• https://www.bseindia.com/markets/publicissues/displayipo?id=4755&type=IPO&idtype=1&status=L&IPONo=7900&startdt=19%2F08%2F2026