Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Thu, Dec 15, 2022 - Tue, Dec 20, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 15, 2022
IPO Close
Tue, Dec 20, 2022
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹87.39 Cr
| IPO Date | 15 to 20 Dec, 2022 |
| Listed on | Wed, Dec 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 69,68,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 3,52,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 46,16,000 shares (agg. up to ₹16 Cr) |
| Offer for Sale | 20,00,000 shares of ₹10 (agg. up to ₹7 Cr) |
| Net Offered to Public | 66,16,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 2,00,00,000 shares |
| Share Holding Post Issue | 2,49,68,000 shares |
| NSE Symbol | DOLLEX |
| ISIN | INE0JHH01011 |
Dollex Agrotech IPO comprises a total issue size of 69,68,000 shares. The net offer to the public is 66,16,000 shares, after excluding 3,52,000 shares allotted on a firm basis. Of the Net offer 33,08,000 (50.00%) allocated to NII 33,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 33,08,000 | 50.00% | 47.47% |
| Retail Shares Offered | 33,08,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,52,000 | 5.05% | |
| Total Shares Offered | 69,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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 | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 110.94 | 113.56 | 104.99 | 88.85 |
| Total Income | 8.41 | 79.63 | 77.48 | 25.90 |
| Profit After Tax | 1.51 | 3.27 | 1.67 | 0.58 |
| NET Worth | 28.01 | 26.50 | 23.23 | 11.55 |
| Reserves and Surplus | 8.01 | 6.50 | 3.23 | 1.55 |
| Total Borrowing | 45.60 | 44.47 | 50.25 | 52.05 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Working Capital requirements of the Company | 11.30 |
| 2 | To meet out the General Corporate Purposes | 4.00 |
| KPI | |
|---|---|
| ROE | 12 |
| ROCE | 9 |
| Debt/Equity | 1.68 |
| RoNW | 12.34 |
| PAT Margin | 4.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.63 | |
| P/E (x) | 14.46 | |
| Promoter Holding | 99.50% | 71.69% |
| Market Cap | ₹87.39 Cr. |
The Dollex Agrotech IPO is subscribed 1.88 times on December 20, 2022 7:00:00 PM (Day 4). The public issue subscribed 2.29 times in the retail category, [.] times in the QIB category, and 1.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.46 | 33,08,000 | 48,32,000 |
| Retail | 2.29 | 33,08,000 | 75,76,000 |
| Total | 1.88 | 66,16,000 | 1,24,08,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.20 |
| 2 | Underwriting commission. | 1.12 |
| 3 | Brokerage, selling commission and upload fees. | 0.10 |
| 4 | Registrars to the issue | 0.01 |
| 5 | Legal Advisors | 0.01 |
| 6 | Printing, advertising and marketing expenses | 0.15 |
| 7 | Regulators including stock exchanges | 0.15 |
| 8 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 0.35 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹30.00 |
| Low | ₹30.00 |
| High | ₹31.50 |
| Last Trade | ₹31.50 |
Lead Manager Reports
Dollex Agrotech IPO is a SME IPO of 69,68,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Dec 15, 2022, and closes on Tue, Dec 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 Thu, Dec 15, 2022 and closes on Tue, Dec 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 Tue, Dec 27, 2022. Check the Dollex Agrotech IPO allotment status.
The Dollex Agrotech IPO listing date is on Wed, Dec 28, 2022.
