Dhanwel Hybrid Seeds IPO Day 3 Subscription Status: Issue Subscribed 1.65x, IPO Closes Today

Mumbai, August 21: The Dhanwel Hybrid Seeds IPO has moved further into oversubscription on the last day of bidding, helped mainly by strong interest from individual investors. The ₹26.73 crore issue was subscribed 1.65 times as of 5:04 PM on August 21, while the NII portion continued to lag behind. The IPO closes for subscription today, August 21.

The issue had received bids for 42,34,800 shares against 25,63,200 shares available in the public portion. At the upper end of the price band, these bids were worth around ₹41.93 crore. The IPO had attracted 1,700 applications by the latest update.

Individual investors have driven most of the demand so far. Their portion was subscribed 3.08 times, with bids for 39,02,400 shares against 12,67,200 shares reserved for the category.

The NII segment has been much quieter. It stood at just 0.24 times, with bids received for 3,03,600 shares against 12,67,200 shares on offer. The QIB portion excluding anchor investors, meanwhile, reached 1.00 time.

Dhanwel Hybrid Seeds is a ₹26.73 crore bookbuilding issue, entirely comprising a fresh issue of 27 lakh shares. The price band has been fixed at ₹95 to ₹99 per share.

Dhanwel Hybrid Seeds IPO Subscription Status Day 3 (As Of 5:04 PM)

The latest category-wise figures show where the demand is coming from:

• Overall: 1.65x
• Individual Investors: 3.08x
• NII: 0.24x
• bNII (> ₹10L): 0.05x
• sNII (< ₹10L): 0.61x
• QIB (Ex-Anchor): 1.00x
• Total Applications: 1,700

The individual investor category has comfortably covered its allocation, with bids already more than three times the shares set aside for the segment.

Within the NII category, the response has been notably weaker. The smaller NII portion was subscribed 0.61 times, while the larger NII category had received bids for only 0.05 times its reserved shares.

The QIB portion has just reached full subscription at 1.00 times. With individual investors continuing to account for the bulk of the bids, the final hours of the issue will decide how much further the overall subscription number moves.

Day-Wise Subscription Trend

Dhanwel Hybrid Seeds IPO had a fairly slow start, but the pace picked up considerably over the next two sessions. The overall subscription rose from just 0.09 times on Day 1 to 0.75 times on Day 2, before crossing the one-time mark on the final day.

The opening day was relatively quiet, with only 9% of the overall issue covered. Individual investor participation was also below the reserved quota at 0.16 times.

Things changed on Day 2. Individual investors pushed their category to 1.41 times, taking the overall subscription to 0.75 times.

By the final day, individual investor demand had more than doubled from the Day 1 level, reaching 3.08 times. QIB demand also picked up enough to cover its portion, helping take the overall issue to 1.65 times.

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 Individual Investor Investment: ₹2,37,600 (2,400 shares)
• Minimum S-HNI Investment: ₹3,56,400 (3,600 shares)
• Listing Exchange: BSE SME
• Issue Type: Bookbuilding IPO
• Market Maker Portion: 1,36,800 shares

At the upper end of the price band, an individual investor needs to apply for at least 2,400 shares, or two lots, requiring an investment of ₹2.376 lakh.

For S-HNI applicants, the minimum application is three lots, or 3,600 shares, amounting to ₹3.564 lakh.

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, operates in the seed manufacturing and supply business, catering to farmers and growers across various 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 seed production process covers cultivation, processing, quality checks and packaging before the products reach the market.

The company is seeking to raise the entire IPO proceeds through a fresh issue, with no offer for sale component.

Conclusion

The Dhanwel Hybrid Seeds IPO has turned the corner on its final day, with the overall issue now subscribed 1.65 times as of 5:04 PM on August 21. The demand, however, is far from evenly distributed. Individual investors have subscribed 3.08 times their reserved portion, while QIBs have reached the one-time mark.

The NII category remains the weak spot at 0.24 times, despite some improvement from the earlier sessions.

The Dhanwel Hybrid Seeds IPO closes today, August 21. The basis of allotment is expected on August 24, followed by refunds and demat credit on August 25. The shares are scheduled for a tentative listing 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