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 Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 8884.95 | 2590.08 | 57.79 | 1155.34 | 155.34 | 5205.23 |
| 31-Mar-21 | 10499.28 | 7748.42 | 167.43 | 2322.77 | 322.77 | 5025.41 |
| 31-Mar-22 | 11355.87 | 7962.58 | 326.9 | 2649.67 | 649.67 | 4447.31 |
| 30-Jun-22 | 11093.62 | 840.81 | 151.26 | 2800.93 | 800.93 | 4560.1 |
| Amount in ₹ Lakhs |
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 IPO Details
| IPO Date | Dec 15, 2022 to Dec 20, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Issue Size | 6,968,000 shares of ₹10 (aggregating up to ₹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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Mr. Mehmood Khan & Mrs. Munni Bee are the company promoters. |
Dollex Agrotech IPO Tentative Timetable
Dollex Agrotech IPO opens on Dec 15, 2022, and closes on Dec 20, 2022. The Dollex Agrotech IPO bid date is from Dec 15, 2022 10.00 A.M. to Dec 20, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 15, 2022 |
| Closing Date | Dec 20, 2022 |
| Basis of Allotment | Dec 23, 2022 |
| Initiation of Refunds | Dec 26, 2022 |
| Credit of Shares to Demat | Dec 27, 2022 |
| Listing Date | Dec 28, 2022 |
Dollex Agrotech IPO Lot Size
The Dollex Agrotech IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |
Dollex Agrotech IPO Promoter Holding
| Pre Issue Share Holding | 99.50% |
| Post Issue Share Holding | 71.69% |
Dollex Agrotech IPO Review
DAL is in the sugar and related products manufacturing and marketing along with captive power generation. The company is set for bright prospects with supportive Government policies on Sugar and Ethanol. Based on the financial performance so far, the issue is fully priced. Well-informed, cash surplus investors may consider an investment with a long-term perspective. Read detail review…
Dollex Agrotech IPO Subscription Status (Bidding Detail)
The Dollex Agrotech IPO is subscribed 0.09 times on Dec 15, 2022 3:08:00 PM. The public issue subscribed 0.07 times in the retail category, times in the QIB category, and 0.10 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.10 |
| Retail | 0.07 |
| Total | 0.09 |
Dollex Agrotech IPO Prospectus
Company Contact Information
Dollex Agrotech Limited
205, Naroli Arcade 19/1,
Manorama Ganj, Palasia Square
Indore, Madhya Pradesh – 452001
Phone: +91 731 2495505
Email: info@dollex.in
Website: http://www.dollex.in/
Dollex Agrotech IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/