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Dollex Agrotech IPO is a fixed price issue of ₹24.39 crores. The issue is a combination of fresh issue of 0.50 crore shares aggregating to ₹17.39 crores and offer for sale of 0.20 crore shares aggregating to ₹7.00 crores.
Dollex Agrotech IPO bidding started from Dec 15, 2022 and ended on Dec 20, 2022. The allotment for Dollex Agrotech IPO was finalized on Dec 23, 2022. The shares got listed on NSE SME on Dec 28, 2022.
Dollex Agrotech IPO price is ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Expert Global Consultants Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Dollex Agrotech IPO RHP for detailed Information.
| IPO Date | December 15, 2022 to December 20, 2022 |
| Listing Date | December 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 69,68,000 shares (aggregating up to ₹24.39 Cr) |
| Reserved for Market Maker | 3,52,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.23 Cr) |
| Fresh Issue (Ex Market Maker) | 46,16,000 shares (aggregating up to ₹16.16 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (aggregating up to ₹7.00 Cr) |
| Net Offered to Public | 66,16,000 shares (aggregating up to ₹23.16 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,00,00,000 shares |
| Share Holding Post Issue | 2,49,68,000 shares |
Dollex Agrotech IPO offers total 69,68,000 shares. Out of which 33,08,000 (47.47%) allocated to NII, 33,08,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,52,000 (5.05%) |
| NII (HNI) Shares Offered | 33,08,000 (47.47%) |
| Retail Shares Offered | 33,08,000 (47.47%) |
| Total Shares Offered | 69,68,000 (100.00%) |
Dollex Agrotech IPO opens on December 15, 2022, and closes on December 20, 2022.
| IPO Open Date | Thu, Dec 15, 2022 |
| IPO Close Date | Tue, Dec 20, 2022 |
| Tentative Allotment | Fri, Dec 23, 2022 |
| Initiation of Refunds | Mon, Dec 26, 2022 |
| Credit of Shares to Demat | Tue, Dec 27, 2022 |
| Tentative Listing Date | Wed, Dec 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 20, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| 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 | ||||||
The market capitalization of Dollex Agrotech IPO is ₹87.39 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.46 |
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.
[Dilip Davda] 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...
| Listing Date | December 28, 2022 |
| BSE Script Code | |
| NSE Symbol | DOLLEX |
| ISIN | INE0JHH01011 |
| Final Issue Price | ₹35 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹30.00 |
| Low | ₹30.00 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Dollex Agrotech Ltd.
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/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Dollex Agrotech IPO is a SME IPO of 69,68,000 equity shares of the face value of ₹10 aggregating up to ₹24.39 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on December 15, 2022, and closes on December 20, 2022.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Dollex Agrotech IPO using UPI as a payment gateway. Zerodha customers can apply in Dollex Agrotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dollex Agrotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dollex Agrotech IPO opens on December 15, 2022 and closes on December 20, 2022.
Dollex Agrotech IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Dollex Agrotech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dollex Agrotech IPO will be done on Friday, December 23, 2022, and the allotted shares will be credited to your demat account by Tuesday, December 27, 2022. Check the Dollex Agrotech IPO allotment status.
The Dollex Agrotech IPO listing date is on Wednesday, December 28, 2022.
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