Dollex Agrotech Limited IPO Detail
Incorporated in 2013, Dollex Agrotech Limited is engaged in the business of manufacturing & trading sugar with captive power cogeneration capabilities.
The company also produce and sells its by-products such as mollases, pressed and bagasse. The bagasse is used to generate power. Further, the company is engaged in power generation up to the captive power of 3 MW.
Dollex Agrotech Limited has achieved a turnover of Rs. 7,940.11 Lakhs and a Profit after tax of Rs. 326.90 Lakhs in the Financial year 2021-2022.
The company's product portfolio includes Jaggery powder, Sugar, Molasses, Bagasse, Press mud, and Pharma-grade Sugar.
The company have booked a space through an agreement dated 25-12-2021 with a Warehousing facility for storing our sugar stocks with Star Agriwarehousing & Collateral Management Limited, situated at Khasra No. 421/1, Village Govindpur, Datia, Badoni, Madhya Pradesh for a quantity of 2000MT.
The company have been allotted an area of 7600 sq. ft by the government to take the sugarcane produce from the farmers. The company offer sufficient incentives and assistance in various stages of cultivation, thus ensuring loyalty from these farmers.
Company Promoters
Mr. Mehmood Khan & Mrs. Munni Bee are the company promoters.IPO Details
| IPO Opening Date | Dec 15, 2022 |
| IPO Closing Date | Dec 20, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹24.39 Cr |
| Fresh Issue | 4,968,000 shares of ₹10 (aggregating up to ₹17.39 Cr) |
| Offer for Sale | 2,000,000 shares of ₹10 (aggregating up to ₹7.00 Cr) |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.78x | 0.15x | 0.46x | |
| Day 2 | - | - | 0.82x | 0.38x | 0.60x | |
| Day 3 | - | - | 1.05x | 1.05x | 1.05x | |
| Day 4 | - | - | 1.46x | 2.29x | 1.88x |
IPO Tentative Timetable
The Dollex Agrotech Limited IPO open date is Dec 15, 2022, and the close date is Dec 20, 2022. The issue may list on Dec 28, 2022.
| IPO Open Date | Dec 15, 2022 |
| IPO Close Date | Dec 20, 2022 |
| Basis of Allotment Date | Dec 23, 2022 |
| Initiation of Refunds | Dec 26, 2022 |
| Credit of Shares to Demat Account | Dec 27, 2022 |
| IPO Listing Date | Dec 28, 2022 |
IPO Lot Size
The Dollex Agrotech Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140000 |
| Maximum | 1 | 4000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.50% |
| Post Issue Share Holding | 71.69% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 10499.28 | 7748.42 | 167.43 |
| 31-Mar-22 | 11355.87 | 7962.58 | 326.9 |
| 30-Jun-22 | 11093.62 | 840.81 | 151.26 |
Objects of the Issue:
The objects of the Issue are:-
1. To meet out the Working Capital requirements of the Company
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
Dollex Agrotech Limited IPO Registrar:
Skyline Financial Services Private Ltd
Dollex Agrotech Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Dollex Agrotech Limited
205, Naroli Arcade 19/1, Manorama Ganj, Palasia Square
Indore
Madhya Pradesh
