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Dollex Agrotech Limited IPO (Dollex Agrotech IPO) Detail

Dec 15, 2022 - Dec 20, 2022

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

Dollex Agrotech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208884.952590.0857.791155.34155.345205.23
31-Mar-2110499.287748.42167.432322.77322.775025.41
31-Mar-2211355.877962.58326.92649.67649.674447.31
30-Jun-2211093.62840.81151.262800.93800.934560.1
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 Wednesday, December 28, 2022
Face Value ₹10 per share
Price ₹35 per share
Lot Size 4000 Shares
Issue Size6,968,000 shares of ₹10
(aggregating up to ₹24.39 Cr)
Fresh Issue4,968,000 shares of ₹10
(aggregating up to ₹17.39 Cr)
Offer for Sale2,000,000 shares of ₹10
(aggregating up to ₹7.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerNIKUNJ 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 1.88 times on Dec 20, 2022 7:00:00 PM. 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)

CategorySubscription (times)
NII1.46
Retail2.29
Total1.88

Dollex Agrotech IPO Prospectus

Dollex Agrotech IPO Rating

114
3.6
Rating:Rated 3.6 stars
Vote Here ...

Dollex Agrotech IPO Listing Date

Listing Date Wednesday, December 28, 2022
BSE Script Code
NSE Symbol DOLLEX
Listing In
ISIN INE0JHH01011
IPO Price ₹35 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹35.00
₹30.00
₹30.00
₹31.50
₹31.50

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/

Dollex Agrotech IPO Review

Dollex Agrotech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 2 1 1

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Dollex Agrotech IPO FAQs

Dollex Agrotech IPO is a SME IPO of 6,968,000 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 Shares.

The IPO opens on Dec 15, 2022, and closes on Dec 20, 2022.

Skyline Financial Services Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Dollex Agrotech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Dollex Agrotech IPO opens on Dec 15, 2022 and closes on Dec 20, 2022.

Dollex Agrotech IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Dollex Agrotech IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Dollex Agrotech IPO will be done on Dec 23, 2022, and the allotted shares will be credited to your demat account by Dec 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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Dollex Agrotech IPO Message Board

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131 Comments

69. Chem cho |   Link |Jan 31, 2023 9:38:06 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)

RS 3035 was high today it should break this high
They may not decrease the rate of the FPO but
increase the last date of FPO to Thursday and take t
the rate to FPO price
68. SMEIPOKING |   Link |Jan 16, 2023 11:39:05 AM
New Member New Member
DUCOL............public invested @78
ARISTO...........public want to invest @72

CHAMAN..... which is way stronger company than DUCOL/ARISTO.......Public is selling good script to Operator.

Like SKP bearning.........it will TRIPLE................

67. Gaurav DD dimer |   Link |Jan 5, 2023 6:33:09 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
20% UP from its low. Now 36 (low 30).
ist it a Dark Horse?
Right time to buy or still avoid?
67.1. Gaurav DD dimer |   Link |Jan 10, 2023 6:50:46 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Continuous on upward trend.
66. rsk |   Link |Jan 2, 2023 8:59:25 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Not even a single bulk trade reported in 3 days

Its a jig saw puzzle of following pcs:

Sugar, Politicians, state/central elections, budget SOPs, Ethanol target to be 20% from current 10%, export quota raise, strong international prices.
65. arvindarvind |   Link |Dec 28, 2022 8:09:06 PM (300+ Posts)
It is very strange that only 2.68 lakh share traded out of 70 lakh.
All have kept their share for 35 rs to sell.
Very less chance of touching 35 rs.
Again LC may continue in some day
64. Noorul |   Link |Dec 28, 2022 5:33:36 PM
In my opinion UC won't survive too long here.
64.1. Gaurav DD dimer |   Link |Jan 2, 2023 4:11:55 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
it was not expected to close above 35 today.

but it shows good strength, even with good issue size.
63. PKRAJ |   Link |Dec 28, 2022 10:01:40 AM
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Bad listing as expected. Loss of more than 14%. Investors took undue risk. Listing losses and not gains. Sorry for members who got allotment.
63.1. Destiny Voyager |   Link |Dec 28, 2022 11:25:37 AM
Not sure if it remains 14% only..
Can drag further..
63.2. Justalearner |   Link |Dec 28, 2022 3:59:19 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Bad listing indeed.... But it did manage to hit UC after that.... So hopefully a couple more UC and one can recover the cost price..... Still people who applied need to check their strategy. This was a discount candidate from day 1.
62. IPO LEADER |   Link |Dec 28, 2022 11:18:32 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
As indicated b, listed in discount
61. Thiagarajan Ramasamy |   Link |Dec 28, 2022 10:48:43 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Total subscription in this Issue was a mere 1.88 times amounting to about 46 cr. In contrast fancied SME IPOs attract over 100 to 300 times subscriptions valued 3000 to 4000 cr on an average. Drone cornered over 8000 cr. It is better for Investors to try their luck in such Issues, even though allotment will be very tough and only the luckiest few will get shares. Be it main board or SME IPO, saving the Principal should be the first objective .
60. IPO KING MAKER |   Link |Dec 28, 2022 9:11:06 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
35 preopen
60.1. Param Patel |   Link |Dec 28, 2022 9:47:47 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
30 pre-open
59. ARJUN'S EYE |   Link |Dec 28, 2022 8:45:42 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Today Listing Dollex Agrotech NSE SME IPO
NSE Code :- 13328
Symbol :- DOLLEX
GROUP :- ST
ISIN :- INE0JHH01011
LOT SIZE :- 4000 Shares
Issue Price :- 35/-
Listing At :- NSE SME
58. rsk |   Link |Dec 27, 2022 8:48:26 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Sweet cravings! Sugar stocks rally up to 10% today. What's cooking?

Plus Ethanol ka tadka?

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/sweet-cravings-sugar-stocks-rally-up-to-10-today-whats-cooking/articleshow/96538587.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
57. SMELearner |   Link |Dec 27, 2022 8:36:18 AM
New Member New Member
Hello. Can we buy after listing ? Short term Target ?
57.1. IPO LEADER |   Link |Dec 27, 2022 7:25:28 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Big avoid
56. arvindarvind |   Link |Dec 26, 2022 2:30:34 PM (300+ Posts)
Extra 9.22 lakh share spill over to retail categery.
Very big amount of share is in retailer hand.
100% discount listing is confirm.
56.1. Destiny Voyager |   Link |Dec 28, 2022 11:27:48 AM
Very good insight Mr Arvind.
May I know how do you got this information?

It would be great help for learners like me.

Thanks :)
55. IPO LEADER |   Link |Dec 24, 2022 11:14:19 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
-4 discount seller
54. Surinder Kumar Garg |   Link |Dec 23, 2022 7:48:22 PM
Excellent service by NSE for Dollex

MESSAGE RECEIVED FOR ALLOTMENT OF SHARES
53. Led |   Link |Dec 23, 2022 7:07:30 PM
Listing kaisi rahegi plus ya minus pls tell me
52. Student. |   Link |Dec 22, 2022 1:26:13 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Some Big Deals Done in This Counter Few Days Back....
After that no Volume.....
Deal Done at Higher Rates....
Kuch toh Gadbad Hai Daya🙄
52.1. Destiny Voyager |   Link |Dec 28, 2022 11:28:57 AM
Student bhai how did you knew about this information?
51. Billion dollar |   Link |Dec 20, 2022 1:03:30 PM
@lokes, mravi and others are you applying in here
51.7. Vinny |   Link |Dec 21, 2022 12:31:02 AM (200+ Posts)
becoming more risk averse now after holding some loss making issues...Precision, Swaraj, Healthy Life, Veekayem (not in loss but most of the gains are eroded).
51.8. lucky boy |   Link |Dec 21, 2022 8:47:26 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
no,,, big avoid
50. REAL IPO |   Link |Dec 20, 2022 10:22:03 PM
Gmp 4 🛫🛫🛫🛫