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Dollex Agrotech IPO GMP, Price, Dates & Allotment Details 2022

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:

  1. To meet out the Working Capital requirements of the Company
  2. To meet the General Corporate Purposes.
  3. To meet the Issue Expenses.

Financial Highlights (Restated)

ParticularsPeriod ended on 30th June 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth2,800.932,649.672,322.771,155.34
Total Assets11,093.6211,355.8710,499.288,884.95
Total Revenue840.817,962.587,748.422,590.08
Profit After Tax151.26326.90167.4357.79
Total Borrowing4,560.104,447.315,025.415,205.23
(Amount in ₹ Lakhs )

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 TypeFixed Price Issue IPO
IPO Price₹ 35 per share
Face Value₹ 10 per share
Market Lot4,000 Shares
Issue Size6,968,000 shares of ₹ 10 (Aggregating up to ₹ 24.39 Crore)
Fresh Issue4,968,000 shares of ₹ 10 (Aggregating up to ₹ 17.39 Crore)
Offer for Sale2,000,000 shares of ₹ 10 (Aggregating up to ₹ 7.00 Crore)
NII (HNI) Shares Offered50% of the net offer
Retails Shares Offered50% of the net offer
Listing AtNSE SME
PromotersMr. 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 DateDecember 15, 2022
Closing DateDecember 20, 2022
Basis of AllotmentDecember 23, 2022
Initiation of RefundsDecember 26, 2022
Credit of shares to Demat A/cDecember 27, 2022
Listing DateDecember 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)14,000₹ 140,000
Retail (Maximum)14,000₹ 140,000
HNI (Minimum)28,000₹ 280,000

Promoters Holdings – Dollex Agrotech Ltd IPO

Pre-issue Shares Holdings99.50%
Post-issue Shares Holdings71.69%

SWOT Analysis – Dollex Agrotech Ltd IPO

STRENGTHSWEAKNESSES
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 
OPPORTUNITIESTHREATS
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 InformationDollex 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 RegistrarSkyline 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

One lot of Dollex Agrotech IPO contains 4,000 shares of ₹ 140,000.

The minimum investment size is one lot for retail investors.

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.

The Dollex Agrotech IPO shares listing date is December 28, 2022.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

Click here for more FAQs.

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