{"id":128481,"date":"2026-06-24T02:00:00","date_gmt":"2026-06-23T20:30:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=128481"},"modified":"2026-06-23T17:56:53","modified_gmt":"2026-06-23T12:26:53","slug":"dhanwel-hybrid-seeds-ipo-gmp-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/","title":{"rendered":"Dhanwel Hybrid Seeds IPO GMP Day 1: Grey Market Premium \u20b90, Expected Listing at \u20b999"},"content":{"rendered":"<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Dhanwel Hybrid Seeds IPO GMP: \u20b90 on Day 1. Price band \u20b995-99. Lot 1200 shares (min 2400). Min \u20b92,37,600. Issue \u20b926.73 Cr. BSE SME. Agricultural seeds, Jamnagar Gujarat. Revenue +69%, PAT +183%.<\/em><\/p>\n<p>The Dhanwel Hybrid Seeds IPO GMP on Day 1 of the subscription period stands at \u20b90, reflecting a neutral grey market on the first day of bidding. The Dhanwel Hybrid Seeds IPO GMP of nil implies an expected listing around the upper price band of \u20b999 per share, with no grey market premium indicating listing gains at this stage. The Dhanwel Hybrid Seeds IPO is a BSE SME book-built issue raising \u20b926.73 crore at a price band of \u20b995 to \u20b999 per share. The lot size is 1,200 shares, with retail investors required to apply for a minimum of 2,400 shares (2 lots) at a minimum investment of \u20b92,37,600 at the upper price band.<\/p>\n<p>Dhanwel Hybrid Seeds Limited, incorporated in 2018 and based in Jamnagar, Gujarat, is engaged in the development, multiplication, processing, and marketing of agricultural seeds under the &#8220;Dhanwel Seeds&#8221; brand. The company sources breeder seed material from recognised agricultural research institutions, multiplies seeds through a contract farming model, and processes them through cleaning, grading, treatment, and packing at its Jashapar facility. Product categories include groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek, and cumin seeds. Despite the Dhanwel Hybrid Seeds IPO GMP of \u20b90, the company&#8217;s financial trajectory is impressive: revenue grew 69% in FY26 to \u20b974.59 crore, and PAT surged 183% to \u20b96.12 crore. Ankit Jaiswal, Senior Research Analyst at Univest notes that Day 1 GMP of \u20b90 is common for SME IPOs in the agri-sector, which tend to attract more cautious grey market participants initially.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=dhanwel-hybrid-seeds-ipo-gmp-day-1\"><strong>Click Here &#8211; Get Free IPO Investment Insights<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#Dhanwel_Hybrid_Seeds_IPO_GMP_Complete_Snapshot\" title=\"Dhanwel Hybrid Seeds IPO GMP: Complete Snapshot\">Dhanwel Hybrid Seeds IPO GMP: Complete Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#Dhanwel_Hybrid_Seeds_IPO_GMP_Analysis_What_the_Grey_Market_Says\" title=\"Dhanwel Hybrid Seeds IPO GMP Analysis: What the Grey Market Says\">Dhanwel Hybrid Seeds IPO GMP Analysis: What the Grey Market Says<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#About_Dhanwel_Hybrid_Seeds_Limited\" title=\"About Dhanwel Hybrid Seeds Limited\">About Dhanwel Hybrid Seeds Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#Should_You_Apply_for_Dhanwel_Hybrid_Seeds_IPO\" title=\"Should You Apply for Dhanwel Hybrid Seeds IPO?\">Should You Apply for Dhanwel Hybrid Seeds IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#Dhanwel_Hybrid_Seeds_IPO_GMP_Conclusion\" title=\"Dhanwel Hybrid Seeds IPO GMP: Conclusion\">Dhanwel Hybrid Seeds IPO GMP: Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#What_is_the_Dhanwel_Hybrid_Seeds_IPO_GMP_today\" title=\"What is the Dhanwel Hybrid Seeds IPO GMP today?\">What is the Dhanwel Hybrid Seeds IPO GMP today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#What_is_the_Dhanwel_Hybrid_Seeds_IPO_price_band\" title=\"What is the Dhanwel Hybrid Seeds IPO price band?\">What is the Dhanwel Hybrid Seeds IPO price band?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#What_does_Dhanwel_Hybrid_Seeds_do\" title=\"What does Dhanwel Hybrid Seeds do?\">What does Dhanwel Hybrid Seeds do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#What_are_Dhanwel_Hybrid_Seeds_financials\" title=\"What are Dhanwel Hybrid Seeds financials?\">What are Dhanwel Hybrid Seeds financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#Why_is_the_Dhanwel_Hybrid_Seeds_IPO_GMP_flat_at_%E2%82%B90\" title=\"Why is the Dhanwel Hybrid Seeds IPO GMP flat at \u20b90?\">Why is the Dhanwel Hybrid Seeds IPO GMP flat at \u20b90?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#What_is_the_minimum_investment_for_Dhanwel_Hybrid_Seeds_IPO\" title=\"What is the minimum investment for Dhanwel Hybrid Seeds IPO?\">What is the minimum investment for Dhanwel Hybrid Seeds IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#When_will_Dhanwel_Hybrid_Seeds_IPO_allotment_happen\" title=\"When will Dhanwel Hybrid Seeds IPO allotment happen?\">When will Dhanwel Hybrid Seeds IPO allotment happen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/dhanwel-hybrid-seeds-ipo-gmp-day-1\/#What_is_Dhanwel_Hybrid_Seeds_IPO_issue_size\" title=\"What is Dhanwel Hybrid Seeds IPO issue size?\">What is Dhanwel Hybrid Seeds IPO issue size?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Dhanwel_Hybrid_Seeds_IPO_GMP_Complete_Snapshot\"><\/span><strong>Dhanwel Hybrid Seeds IPO GMP: Complete Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Issue Type<\/td>\n<td>Book Built Issue \u2014 BSE SME<\/td>\n<\/tr>\n<tr>\n<td>Price Band<\/td>\n<td>\u20b995 to \u20b999 per share<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>1,200 shares (min retail: 2,400 shares = 2 lots)<\/td>\n<\/tr>\n<tr>\n<td>Minimum Investment<\/td>\n<td>\u20b92,37,600 (at upper price band)<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>\u20b926.73 Crore (fresh issue)<\/td>\n<\/tr>\n<tr>\n<td>Revenue FY26<\/td>\n<td>\u20b974.59 Crore (+69% YoY)<\/td>\n<\/tr>\n<tr>\n<td>PAT FY26<\/td>\n<td>\u20b96.12 Crore (+183% YoY)<\/td>\n<\/tr>\n<tr>\n<td>GMP Today<\/td>\n<td>\u20b90 (nil grey market premium)<\/td>\n<\/tr>\n<tr>\n<td>Expected Listing Price<\/td>\n<td>\u20b999 (at issue price, no premium)<\/td>\n<\/tr>\n<tr>\n<td>Exchange<\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Cameo Corporate Services Ltd.<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Wealth Mine Networks Pvt. Ltd.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Dhanwel_Hybrid_Seeds_IPO_GMP_Analysis_What_the_Grey_Market_Says\"><\/span><strong>Dhanwel Hybrid Seeds IPO GMP Analysis: What the Grey Market Says<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A Dhanwel Hybrid Seeds IPO GMP of \u20b90 on Day 1 is not unusual for agri-sector SME IPOs. Hybrid seed companies, while operating in a critical link in India&#8217;s agricultural supply chain, typically see cautious grey market sentiment because: (a) the agri-seed sector is relatively niche for retail investors; (b) revenues are seasonal and weather-dependent, creating earnings volatility concerns; and (c) the company is small and early-stage (2018) with limited brand recognition outside Gujarat. However, the strong financial growth \u2014 69% revenue increase and 183% PAT jump in FY26 \u2014 and the company&#8217;s integration across sourcing, contract farming, processing, and distribution make this a business with potentially strong fundamentals despite the flat Dhanwel Hybrid Seeds IPO GMP. Monitor subscription data over Day 1 and Day 2 for a clearer demand picture.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Dhanwel_Hybrid_Seeds_Limited\"><\/span><strong>About Dhanwel Hybrid Seeds Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dhanwel Hybrid Seeds Limited operates as an integrated seed business covering sourcing of improved genetic material from ICAR institutes and agricultural universities, contract farmer partnerships for seed multiplication, and in-house seed processing (cleaning, grading, treatment, packaging) at its Jashapar facility in Jamnagar. The company holds ISO 9001:2015 certification. Its product portfolio spans oilseeds (groundnut, soybean, sesame), pulses (gram, green gram, black gram), spice seeds (fenugreek, cumin), and cereal crops (wheat). As of April 2026, the company had 18 full-time employees supported by seasonal daily-wage workers. IPO proceeds fund working capital, debt repayment, and general corporate purposes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_Dhanwel_Hybrid_Seeds_IPO\"><\/span><strong>Should You Apply for Dhanwel Hybrid Seeds IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Dhanwel Hybrid Seeds IPO GMP and Subscription on Univest Screener<\/strong><\/a><\/p>\n<p>Despite the Dhanwel Hybrid Seeds IPO GMP being at \u20b90 on Day 1, the company&#8217;s 69% revenue growth and 183% PAT growth in FY26 present a compelling growth story for medium-term investors. The minimum investment of \u20b92,37,600 and BSE SME listing mean this is for informed investors who understand the agri-sector&#8217;s seasonal dynamics and can tolerate SME listing liquidity risks. Risks include weather dependence, seed quality control challenges, regulatory delays noted in statutory records, and the concentration of operations in Gujarat. Read the RHP and consult a SEBI-registered financial advisor before applying based on the Dhanwel Hybrid Seeds IPO GMP or subscription data.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dhanwel_Hybrid_Seeds_IPO_GMP_Conclusion\"><\/span><strong>Dhanwel Hybrid Seeds IPO GMP: Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Dhanwel Hybrid Seeds IPO GMP on Day 1 stands at \u20b90, implying an expected listing at the issue price of \u20b999 with no grey market premium currently. The Gujarat-based agricultural seed company reported 69% revenue growth and 183% PAT growth in FY26, making it a fundamentally interesting business despite the flat grey market sentiment. Track the Dhanwel Hybrid Seeds IPO GMP and live subscription data on Univest. Consult a SEBI-registered financial advisor before investing.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Dhanwel Hybrid Seeds IPO GMP and subscription data live on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Grey market premium (GMP) data is sourced from unofficial, unregulated market sources and may not be accurate. IPO details are sourced from publicly available company filings and news. GMP should not be the sole basis for investment decisions. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Dhanwel_Hybrid_Seeds_IPO_GMP_today\"><\/span><strong>What is the Dhanwel Hybrid Seeds IPO GMP today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Dhanwel Hybrid Seeds IPO GMP on Day 1 is \u20b90, meaning no grey market premium has been assigned yet. The expected listing price based on current grey market sentiment is \u20b999 per share \u2014 the upper price band \u2014 with no anticipated listing gain at this stage.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Dhanwel_Hybrid_Seeds_IPO_price_band\"><\/span><strong>What is the Dhanwel Hybrid Seeds IPO price band?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Dhanwel Hybrid Seeds IPO price band is \u20b995 to \u20b999 per share. The lot size is 1,200 shares, with retail investors required to apply for a minimum of 2,400 shares (2 lots) at \u20b92,37,600 investment at the upper price band. The Dhanwel Hybrid Seeds IPO GMP reflects the current grey market sentiment for this issue.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Dhanwel_Hybrid_Seeds_do\"><\/span><strong>What does Dhanwel Hybrid Seeds do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dhanwel Hybrid Seeds Limited develops, multiplies, processes, and markets agricultural seeds under the Dhanwel Seeds brand from its Jamnagar, Gujarat facility. Products include groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek, and cumin seeds. The company uses a contract farming model for seed multiplication and processes seeds through cleaning, grading, treatment, and packaging.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Dhanwel_Hybrid_Seeds_financials\"><\/span><strong>What are Dhanwel Hybrid Seeds financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue grew 69% in FY26 to \u20b974.59 crore from \u20b944.13 crore in FY25. PAT grew 183% to \u20b96.12 crore from \u20b92.16 crore in FY25. The company holds ISO 9001:2015 certification and maintains a comfortable debt profile with strong return ratios. The sharp growth was driven by expanded seed multiplication through contract farming and improved realisations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_Dhanwel_Hybrid_Seeds_IPO_GMP_flat_at_%E2%82%B90\"><\/span><strong>Why is the Dhanwel Hybrid Seeds IPO GMP flat at \u20b90?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Dhanwel Hybrid Seeds IPO GMP of \u20b90 on Day 1 reflects typical grey market caution toward agri-sector SME IPOs in a niche product segment (hybrid seeds). Day 1 GMPs for SME IPOs often start at zero and adjust based on subscription momentum and HNI\/QIB interest in subsequent days. The flat GMP does not necessarily indicate a negative investment case.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_minimum_investment_for_Dhanwel_Hybrid_Seeds_IPO\"><\/span><strong>What is the minimum investment for Dhanwel Hybrid Seeds IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Retail investors must apply for a minimum of 2,400 shares (2 lots of 1,200 shares each) at the upper price band of \u20b999 per share, requiring a minimum investment of \u20b92,37,600. HNI investors start from 3 lots (3,600 shares) at \u20b93,56,400.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_Dhanwel_Hybrid_Seeds_IPO_allotment_happen\"><\/span><strong>When will Dhanwel Hybrid Seeds IPO allotment happen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Dhanwel Hybrid Seeds IPO allotment is expected to be finalised within a few business days of the subscription period closing. Shares will be credited to allottees&#8217; demat accounts, with refunds for unsuccessful bids processed around the same time. Check allotment status on the Cameo Corporate Services website using your PAN or application number.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Dhanwel_Hybrid_Seeds_IPO_issue_size\"><\/span><strong>What is Dhanwel Hybrid Seeds IPO issue size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Dhanwel Hybrid Seeds IPO issue size is \u20b926.73 crore, comprising 27,00,000 equity shares at \u20b999 (upper band). It is a 100% fresh issue with no offer-for-sale component. Shares will list on BSE SME, and proceeds will be used for working capital, debt repayment, and general corporate purposes.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Dhanwel Hybrid Seeds IPO GMP today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Dhanwel Hybrid Seeds IPO GMP on Day 1 is \u20b90, meaning no grey market premium has been assigned yet. The expected listing price based on current grey market sentiment is \u20b999 per share \u2014 the upper price band \u2014 with no anticipated listing gain at this stage.\"}},{\"@type\":\"Question\",\"name\":\"What is the Dhanwel Hybrid Seeds IPO price band?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Dhanwel Hybrid Seeds IPO price band is \u20b995 to \u20b999 per share. The lot size is 1,200 shares, with retail investors required to apply for a minimum of 2,400 shares (2 lots) at \u20b92,37,600 investment at the upper price band.\"}},{\"@type\":\"Question\",\"name\":\"What does Dhanwel Hybrid Seeds do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dhanwel Hybrid Seeds Limited develops, multiplies, processes, and markets agricultural seeds under the Dhanwel Seeds brand from its Jamnagar, Gujarat facility. Products include groundnut, soybean, gram, sesame, wheat, green gram, black gram, fenugreek, and cumin seeds. The company uses a contract farming model for seed multiplication and processes seeds through cleaning, grading, treatment, and packaging.\"}},{\"@type\":\"Question\",\"name\":\"What are Dhanwel Hybrid Seeds financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue grew 69% in FY26 to \u20b974.59 crore from \u20b944.13 crore in FY25. PAT grew 183% to \u20b96.12 crore from \u20b92.16 crore in FY25. The company holds ISO 9001:2015 certification and maintains a comfortable debt profile with strong return ratios. The sharp growth was driven by expanded seed multiplication through contract farming and improved realisations.\"}},{\"@type\":\"Question\",\"name\":\"Why is Dhanwel Hybrid Seeds IPO GMP at zero?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Dhanwel Hybrid Seeds IPO GMP of \u20b90 on Day 1 reflects typical grey market caution toward agri-sector SME IPOs in a niche product segment (hybrid seeds). Day 1 GMPs for SME IPOs often start at zero and adjust based on subscription momentum and HNI\/QIB interest in subsequent days. The flat GMP does not necessarily indicate a negative investment case.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum investment for Dhanwel Hybrid Seeds IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Retail investors must apply for a minimum of 2,400 shares (2 lots of 1,200 shares each) at the upper price band of \u20b999 per share, requiring a minimum investment of \u20b92,37,600. HNI investors start from 3 lots (3,600 shares) at \u20b93,56,400.\"}},{\"@type\":\"Question\",\"name\":\"When will Dhanwel Hybrid Seeds IPO allotment happen?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Dhanwel Hybrid Seeds IPO allotment is expected to be finalised within a few business days of the subscription period closing. Shares will be credited to allottees' demat accounts, with refunds for unsuccessful bids processed around the same time. Check allotment status on the Cameo Corporate Services website using your PAN or application number.\"}},{\"@type\":\"Question\",\"name\":\"What is Dhanwel Hybrid Seeds IPO issue size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Dhanwel Hybrid Seeds IPO issue size is \u20b926.73 crore, comprising 27,00,000 equity shares at \u20b999 (upper band). It is a 100% fresh issue with no offer-for-sale component. Shares will list on BSE SME, and proceeds will be used for working capital, debt repayment, and general corporate purposes.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dhanwel Hybrid Seeds IPO GMP Day 1: Grey Market Premium \u20b90, Expected Listing at \u20b999. Analysis and review.<\/p>\n","protected":false},"author":34,"featured_media":128605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4025],"class_list":["post-128481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo-gmp-day-1"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1782217617:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["80"],"rank_math_title":["Dhanwel Hybrid Seeds IPO GMP Day 1: Grey Market Premium at \u20b90, Expected Listing at \u20b999"],"rank_math_description":["Dhanwel Hybrid Seeds IPO GMP on Day 1 is \u20b90. Price band \u20b995-99, lot 2400 shares min, investment \u20b92,37,600. BSE SME. Agricultural seeds, Jamnagar Gujarat. Revenue +69% FY26. Analysis."],"rank_math_focus_keyword":["Dhanwel Hybrid Seeds IPO"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"_thumbnail_id":["128605"],"_edit_last":["23"],"_ez-toc-disabled":[""],"_ez-toc-insert":[""],"_ez-toc-header-label":[""],"_ez-toc-alignment":["none"],"_ez-toc-heading-levels":["a:0:{}"],"_ez-toc-alttext":[""],"_ez-toc-visibility_hide_by_default":[""],"_ez-toc-hide_counter":[""],"_ez-toc-exclude":[""],"_ez-toc-position-specific":["before"],"stm_select_gm_zoom":[""],"stm_agenda":[""],"stm_host":[""],"stm_select_approved_denied":[""],"stm_multiselect_approved":[""],"stm_multiselect_denied":[""],"stm_date":[""],"stm_time":[""],"stm_timezone":[""],"stm_duration":[""],"stm_password":[""],"stm_waiting_room":[""],"stm_join_before_host":[""],"stm_host_join_start":[""],"stm_start_after_participants":[""],"stm_mute_participants":[""],"stm_enforce_login":[""],"stm_alternative_hosts":[""],"top_bar_custom_style":[""],"top_bar_bg":[""],"wc_top_bar_cart_custom_style":[""],"wc_top_bar_cart_color":[""],"wc_top_bar_cart_icon_color_hover":[""],"wc_top_bar_cart_counter_color":[""],"wc_top_bar_cart_counter_color_hover":[""],"wc_top_bar_cart_counter_bg":[""],"wc_top_bar_cart_counter_bg_hover":[""],"top_bar_wpml_switcher_custom_style":[""],"wpml_switcher_color":[""],"top_bar_wpml_switcher_bg":[""],"top_bar_wpml_switcher_bg_hover":[""],"top_bar_wpml_switcher_color_hover":[""],"top_bar_socials_custom_style":[""],"top_bar_socials_color":[""],"top_bar_socials_color_hover":[""],"top_bar_search_custom_style":[""],"top_bar_search_color":[""],"top_bar_search_icon_color_hover":[""],"top_bar_contact_info_style":[""],"top_bar_contact_info_color":[""],"top_bar_contact_info_link_color":[""],"top_bar_contact_info_link_color_hover":[""],"top_bar_contact_info_select_bg":[""],"top_bar_contact_info_select_color":[""],"top_bar_contact_info_select_drop_bg":[""],"top_bar_contact_info_select_items_bg":[""],"top_bar_contact_info_select_items_color":[""],"top_bar_contact_info_select_items_hover":[""],"header_inverse":["default"],"enable_header_transparent":["off"],"header_nav_custom_style":[""],"header_bg":[""],"header_shadow":[""],"wc_cart_custom_style":[""],"wc_cart_icon_color":[""],"wc_cart_icon_color_hover":[""],"wc_cart_counter_color":[""],"wc_cart_counter_color_hover":[""],"wc_cart_counter_bg":[""],"wc_cart_counter_bg_hover":[""],"header_wpml_switcher_custom_style":[""],"header_wpml_switcher_color":[""],"header_wpml_switcher_color_hover":[""],"header_wpml_switcher_bg":[""],"header_wpml_switcher_bg_hover":[""],"header_socials_custom_style":[""],"header_socials_color":[""],"header_socials_color_hover":[""],"header_search_custom_style":[""],"header_search_icon_color":[""],"header_search_icon_color_hover":[""],"header_contact_info_style":[""],"header_contact_info_color":[""],"header_contact_info_link_color":[""],"header_contact_info_link_color_hover":[""],"header_button_custom_style":[""],"header_button_color":[""],"header_button_color_hover":[""],"header_button_bg":[""],"header_button_bg_hover":[""],"header_nav_menu_customize":[""],"header_nav_menu_link_color":[""],"header_nav_menu_link_color_hover":[""],"header_nav_menu_link_color_active":[""],"header_nav_menu_link_arrow_color":[""],"header_nav_menu_link_arrow_color_hover":[""],"header_nav_menu_level_1_bg":[""],"header_nav_menu_level_1_link_color":[""],"header_nav_menu_level_1_link_color_hover":[""],"header_nav_menu_level_1_link_bg_hover":[""],"header_nav_menu_level_1_link_arrow_color":[""],"header_nav_menu_level_1_link_arrow_color_hover":[""],"header_nav_menu_level_2_bg":[""],"header_nav_menu_level_2_link_color":[""],"header_nav_menu_level_2_link_color_hover":[""],"header_nav_menu_level_2_link_bg_hover":[""],"header_mega_menu_bg":[""],"header_mega_menu_title_color":[""],"header_mega_menu_title_color_hover":[""],"header_mega_menu_description_color":[""],"header_mega_menu_description_link_color":[""],"header_mega_menu_description_link_color_hover":[""],"header_mega_menu_color":[""],"header_mega_menu_color_hover":[""],"header_mega_menu_border_color":[""],"header_mega_menu_icons_color":[""],"header_nav_menu_customize_end":[""],"hfe_enabled_notice":[""],"disable_title_box":["default"],"hfe_disabled":[""],"enable_transparent":["default"],"title_box_title_bg_color":[""],"title_box_bg_custom_image":["default"],"title_box_bg_image":[""],"title_box_bg_position":["default"],"metabox_title_box_bg_position_x":[""],"metabox_title_box_bg_position_y":[""],"metabox_title_box_bg_attachment":["default"],"title_box_bg_size":["default"],"metabox_title_box_bg_size_slider":[""],"title_box_bg_repeat":["default"],"disable_title":["default"],"title_box_title_color":[""],"title_box_title_line_color":[""],"disable_breadcrumbs":["default"],"metabox_title_box_breadcrumbs_color":[""],"metabox_title_box_links_color":[""],"metabox_title_box_links_color_hover":[""],"content_bg_transparent":[""],"show_popup_single":[""],"popups_single":[""],"popups_single_event":[""],"popup_single_event_open_delay":[""],"popup_single_event_showing_in":[""],"popup_single_event_date_from":[""],"popup_single_event_date_to":[""],"popup_single_event_time_from":[""],"popup_single_event_time_to":[""],"popup_single_animation":[""],"popup_single_responsive":[""],"separator_footer_copyright_border_t":[""],"name":[""],"email":[""],"phone":[""],"company":[""],"memberId":[""],"testimonial_position":[""],"testimonial_company":[""],"testimonial_bg_img":[""],"testimonial_video_url":[""],"popups_width":[""],"popups_height":[""],"popups_image_bg":[""],"popups_color_bg":[""],"popups_border_radius":[""],"popups_template":[""]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/06\/Dhanwel-Hybrid-Seeds-IPO-GMP-Day-1.jpg","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/128481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=128481"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/128481\/revisions"}],"predecessor-version":[{"id":128607,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/128481\/revisions\/128607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/128605"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=128481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=128481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=128481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}