Dollex Agrotech IPO GMP, Price, Dates & Allotment Details 2022
Dollex Agrotech IPO opens on December 15 and closes on December 20, 2022. According to the DRHP filed in SEBI, the company is planning to issue 6,968,000 shares of ₹ 10 each, aggregating up to ₹ 24.39 crore through this public issue.
Incorporated in 2013. The business produces and sells sugar and has the ability to generate captive power. The company manufactures and markets its by-products, including molasses, pressmud, and bagasse, in addition to sugar. The bagasse is used to produce electricity. Additionally, they produce captive power of up to 3 MW.
The company’s product portfolio includes sugar, jaggery powder, bagasse, molasses, press mud, and pharma-grade sugar.
According to the restated financial Financial Statement, the company had a revenue of 7,940.11 lakhs and a profit after tax of 326.90 lakhs in the fiscal year 2021-2022, up 2.87% and 95.24% from the previous year.
Objects of the Issue
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
- To meet out the Working Capital requirements of the Company
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
Financial Highlights (Restated)
| Particulars | Period ended on 30th June 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 2,800.93 | 2,649.67 | 2,322.77 | 1,155.34 |
| Total Assets | 11,093.62 | 11,355.87 | 10,499.28 | 8,884.95 |
| Total Revenue | 840.81 | 7,962.58 | 7,748.42 | 2,590.08 |
| Profit After Tax | 151.26 | 326.90 | 167.43 | 57.79 |
| Total Borrowing | 4,560.10 | 4,447.31 | 5,025.41 | 5,205.23 |
Dollex Agrotech IPO – Details
According to the DRHP filed in SEBI, the company is planning to issue 6,968,000 shares of ₹ 10 each, aggregating up to ₹ 24.39 crore through this public issue.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 35 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 4,000 Shares |
| Issue Size | 6,968,000 shares of ₹ 10 (Aggregating up to ₹ 24.39 Crore) |
| Fresh Issue | 4,968,000 shares of ₹ 10 (Aggregating up to ₹ 17.39 Crore) |
| Offer for Sale | 2,000,000 shares of ₹ 10 (Aggregating up to ₹ 7.00 Crore) |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retails Shares Offered | 50% of the net offer |
| Listing At | NSE SME |
| Promoters | Mr. Mehmood Khan Mrs. Munni Beeam |
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GMP Live – Dollex Agrotech Ltd IPO
Dollex Agrotech IPO GMP or Grey Market Premium are available here. The SME IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for live GMP.
Tentative Dates – Dollex Agrotech Ltd IPO
Dollex Agrotech IPO opens on December 16 and closes on December 21, 2022.
| Opening Date | December 15, 2022 |
| Closing Date | December 20, 2022 |
| Basis of Allotment | December 23, 2022 |
| Initiation of Refunds | December 26, 2022 |
| Credit of shares to Demat A/c | December 27, 2022 |
| Listing Date | December 28, 2022 |
Lot Size – Dollex Agrotech Ltd IPO
The Dollex Agrotech IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lot i.e. 4000 shares or ₹ 140,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4,000 | ₹ 140,000 |
| Retail (Maximum) | 1 | 4,000 | ₹ 140,000 |
| HNI (Minimum) | 2 | 8,000 | ₹ 280,000 |
Promoters Holdings – Dollex Agrotech Ltd IPO
| Pre-issue Shares Holdings | 99.50% |
| Post-issue Shares Holdings | 71.69% |
SWOT Analysis – Dollex Agrotech Ltd IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Availability of raw materials 2. Low wage labour availability 3. Good transportation system 4. Experience of promoter | 1. Price regulation by government 2. Cyclical industry 3. No bargaining power to acquire sugarcane |
| OPPORTUNITIES | THREATS |
| 1. Maximisation of sugar recovery 2. Greater value addition from the by products 3. Increase in demand of sugar | 1. Highly fragmented industry 2. Highly seasonal leading to unavailability of cane 3. High level competition 4. No export policy |
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Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Dollex Agrotech Limited 205, Naroli Arcade 19/1, Manorama Ganj, Palasia Square Indore, Madhya Pradesh – 452001 Phone: +91 731 2495505 Email: [email protected] Website: http://www.dollex.in/ |
| IPO Registrar | Skyline Financial Services Private Ltd Phone: 02228511022 Email: [email protected] Website: https://www.skylinerta.com/ |
| IPO Lead Manager(s) | Expert Global Consultants Private Limited |
FAQ’s
What will be the Dollex Agrotech IPO lot size?
One lot of Dollex Agrotech IPO contains 4,000 shares of ₹ 140,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Dollex Agrotech IPO allotment be available?
The finalization of Basis of Allotment for Dollex Agrotech IPO will be done on December 23, 2022, and the allotted shares will be credited to your demat account by December 27, 2022. Check the Dollex Agrotech IPO allotment status.
When will Dollex Agrotech IPO list on exchanges?
The Dollex Agrotech IPO shares listing date is December 28, 2022.
How many shares in Dollex Agrotech IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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