Dhanwel Hybrid Seeds IPO Day 3 Subscription Status: Issue at 0.85x as Retail Demand Hits 1.71x

Mumbai, August 21: The Dhanwel Hybrid Seeds IPO was yet to reach full subscription on the final day of bidding, with the ₹26.73 crore issue subscribed 0.85 times as of 10:23 AM on Friday. Individual investors were the only category to have crossed the full-subscription mark, with their portion receiving bids for 1.71 times the shares reserved for them.

The issue had attracted bids for 21,79,200 shares against 25,63,200 shares available to the public. The total value of bids stood at ₹21.57 crore, based on the upper end of the IPO’s price band. A total of 945 applications had been recorded at the latest update.

The Dhanwel Hybrid Seeds IPO is entirely a fresh issue of 27,00,000 equity shares, with the company looking to raise up to ₹26.73 crore. The price band has been fixed at ₹95 to ₹99 per share. The IPO is listed as a bookbuilding issue and will be available for subscription until August 21.

Dhanwel Hybrid Seeds IPO Subscription Status Day 3 (As Of 10:23 AM)

According to the latest subscription data, the IPO has received the following subscriptions:

• Overall: 0.85x
• Individual Investors: 1.71x
• NII: 0.01x
• bNII (> ₹10L): 0.01x
• sNII (< ₹10L): 0.32x
• QIB (Ex-Anchor): 0.00x
• Total Applications: 945

Individual investors continued to account for most of the demand on the final day. The category received bids for 21,69,600 shares against 12,67,200 shares on offer, taking subscription to 1.71 times.

The NII segment, on the other hand, remained largely inactive. Its overall subscription stood at just 0.01 times, with bids for 9,600 shares against an allocation of 12,67,200 shares. Within the segment, sNII investors had subscribed 0.32 times, while the bNII portion stood at 0.01 times.

The QIB (Ex-Anchor) portion had not received any bids at the time of the latest update. With the public issue at 0.85 times overall, the remaining hours of the final session will be crucial for the IPO to cross the full-subscription mark.

Day-Wise Subscription Trend

The IPO has seen a sharp improvement in individual investor participation since the opening day, although the overall book remains below full subscription.

The subscription numbers show that demand gathered pace after a relatively slow opening. Individual investor participation moved from 0.16 times on Day 1 to 1.41 times on Day 2 and further to 1.71 times on the final day.

Overall subscription also improved during the issue period, rising from 0.09 times on the opening day to 0.75 times on Day 2 before reaching 0.85 times in the latest update. The NII category, however, remained below full subscription throughout the three-day bidding window.

IPO Details

• Issue Size: ₹26.73 crore
• Fresh Issue: 27,00,000 equity shares aggregating up to ₹26.73 crore
• Offer For Sale: Nil
• Price Band: ₹95 to ₹99 per share
• Lot Size: 1,200 shares
• Minimum Retail Investment: ₹2,37,600 (2,400 shares)
• Minimum HNI Investment: ₹3,56,400 (3,600 shares)
• Listing Exchange: BSE SME
• Issue Type: Bookbuilding IPO

Key Dates

• IPO Opens: August 19, 2026
• IPO Closes: August 21, 2026
• Tentative Allotment: August 24, 2026
• Refund Initiation: August 25, 2026
• Shares Credited To Demat Accounts: August 25, 2026
• Tentative Listing: August 26, 2026

About Dhanwel Hybrid Seeds Ltd.

Dhanwel Hybrid Seeds Limited, incorporated in 2018, is engaged in the production and supply of seeds for field crops and vegetables. The company develops and produces seeds by sourcing improved genetic material from recognised institutions, research organisations and the open market.

Its product range includes Groundnut Seeds, Soybean Seeds, Gram Seeds, Sesame Seeds, Wheat Seeds, Green Gram Seeds, Black Gram Seeds, Fenugreek Seeds and Cumin Seeds, among others.

The company works with selected seed-growing farmers under supervised arrangements. It supplies the required seed material and provides technical support while monitoring crop quality. Once harvested, the seeds are taken to the company’s facility in Jashapar, Jamnagar, where they undergo cleaning, grading, treatment and packing before being supplied to customers. Dhanwel Hybrid Seeds also sources seeds directly from farmers and the open market when required.

As of April 30, 2026, the company had 18 employees across its business functions, along with additional daily-wage workers engaged as required.

Conclusion

The Dhanwel Hybrid Seeds IPO remained below the full-subscription level on the final day, with the issue subscribed 0.85 times as of 10:23 AM. Individual investors provided the strongest support, taking their portion to 1.71 times, while the NII category stood at just 0.01 times and the QIB (Ex-Anchor) portion had yet to receive bids.

The bidding window closes on August 21. The basis of allotment is expected on August 24, followed by refunds and demat credit on August 25. The shares are scheduled to make their tentative debut on the BSE SME platform on August 26.

Source:

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