FREE Account Opening + No Clearing Fees

Dollex Agrotech Limited IPO (Dollex Agrotech IPO) Detail

December 15, 2022 - December 20, 2022

Dollex Agrotech IPO is a fixed price issue of Rs 24.39 crores. The issue is a combination of fresh issue of 49.68 lakh shares aggregating to Rs 17.39 crores and offer for sale of 20 lakh shares aggregating to Rs 7.00 crores.

Dollex Agrotech IPO bidding started from December 15, 2022 and ended on December 20, 2022. The allotment for Dollex Agrotech IPO was finalized on Friday, December 23, 2022. The shares got listed on NSE SME on December 28, 2022.

Dollex Agrotech IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹280,000.

Expert Global Consultants Private Limited is the book running lead manager of the Dollex Agrotech IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Dollex Agrotech IPO is Nikunj Stock Brokers.

Refer to Dollex Agrotech IPO RHP for detailed information.

Dollex Agrotech IPO Details

IPO Date December 15, 2022 to December 20, 2022
Listing Date December 28, 2022
Face Value ₹10 per share
Price ₹35 per share
Lot Size 4000 Shares
Total Issue Size6,968,000 shares
(aggregating up to ₹24.39 Cr)
Fresh Issue4,968,000 shares
(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
Market Maker portion352,000 shares
Nikunj Stock Brokers

Dollex Agrotech IPO Reservation

Dollex Agrotech IPO offers 6,968,000 shares. 3,308,000 (47.47%) to NII, 3,308,000 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered352,000 (5.05%)
Other Shares Offered3,308,000 (47.47%)
Retail Shares Offered3,308,000 (47.47%)
Total Shares Offered6,968,000 (100%)

Dollex Agrotech IPO Timeline (Tentative Schedule)

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

IPO Open Date Thursday, December 15, 2022
IPO Close Date Tuesday, December 20, 2022
Basis of Allotment Friday, December 23, 2022
Initiation of Refunds Monday, December 26, 2022
Credit of Shares to Demat Tuesday, December 27, 2022
Listing Date Wednesday, December 28, 2022
Cut-off time for UPI mandate confirmation 5 PM on December 20, 2022

Dollex Agrotech IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹140,000
Retail (Max) 1 4000 ₹140,000
HNI (Min) 2 8,000 ₹280,000
Lot Size Calculator

Dollex Agrotech IPO Promoter Holding

Mr. Mehmood Khan & Mrs. Munni Bee are the company promoters.

Share Holding Pre Issue 99.50%
Share Holding Post Issue 71.69%

About Dollex Agrotech Limited

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
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Dollex Agrotech IPO is Rs 87.39 Cr.

Pre IPO Post IPO
P/E (x) 14.46

Objects of the Issue (Dollex Agrotech IPO Objectives)

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 Review (May apply)

[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...

Dollex Agrotech IPO Subscription Status (Bidding Detail)

The Dollex Agrotech IPO is subscribed 1.88 times on December 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)

Dollex Agrotech IPO Prospectus

Dollex Agrotech IPO Rating

Rating:Rated 3.6 stars
Vote Here ...

Dollex Agrotech IPO Listing Details

Listing Date December 28, 2022
BSE Script Code
Final Issue Price ₹35 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Dollex Agrotech Limited Contact Details

Dollex Agrotech Limited
205, Naroli Arcade 19/1,
Manorama Ganj, Palasia Square
Indore, Madhya Pradesh – 452001
Phone: +91 731 2495505

Dollex Agrotech IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Dollex Agrotech IPO - Buy or Not

Dollex Agrotech IPO Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

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 December 15, 2022, and closes on December 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 December 15, 2022 and closes on December 20, 2022.

Dollex Agrotech IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.

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 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 December 28, 2022.
Open an Instant Account with Zerodha

Dollex Agrotech IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



69. Chem cho |   Link |  Bookmark |January 31, 2023 8:38:06 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 |  Bookmark |January 16, 2023 10:39:05 AM
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 will TRIPLE................

67. Gaurav DD dimer |   Link |  Bookmark |January 5, 2023 5:33:09 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ 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 |  Bookmark |January 10, 2023 5:50:46 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Continuous on upward trend.
66. rsk |   Link |  Bookmark |January 2, 2023 7:59:25 PM
IPO Mentor IPO Mentor (600+ 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 |  Bookmark |December 28, 2022 7:09:06 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
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 |  Bookmark |December 28, 2022 4:33:36 PM
In my opinion UC won't survive too long here.
64.1. Gaurav DD dimer |   Link |  Bookmark |January 2, 2023 3:11:55 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
it was not expected to close above 35 today.

but it shows good strength, even with good issue size.
63. PKRAJ |   Link |  Bookmark |December 28, 2022 9:01:40 AM
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 |  Bookmark |December 28, 2022 10:25:37 AM
Not sure if it remains 14% only..
Can drag further..
63.2. Justalearner |   Link |  Bookmark |December 28, 2022 2:59:19 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ 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 |  Bookmark |December 28, 2022 10:18:32 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
As indicated b, listed in discount
61. Thiagarajan Ramasamy |   Link |  Bookmark |December 28, 2022 9:48:43 AM
Top Contributor Top Contributor (700+ Posts, 200+ 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 |  Bookmark |December 28, 2022 8:11:06 AM
35 preopen
60.1. Param Patel |   Link |  Bookmark |December 28, 2022 8:47:47 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
30 pre-open
59. ARJUN'S EYE |   Link |  Bookmark |December 28, 2022 7:45:42 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Today Listing Dollex Agrotech NSE SME IPO
NSE Code :- 13328
Symbol :- DOLLEX
ISIN :- INE0JHH01011
LOT SIZE :- 4000 Shares
Issue Price :- 35/-
Listing At :- NSE SME
58. rsk |   Link |  Bookmark |December 27, 2022 7:48:26 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Sweet cravings! Sugar stocks rally up to 10% today. What's cooking?

Plus Ethanol ka tadka?

Read more at:
57. SMELearner |   Link |  Bookmark |December 27, 2022 7:36:18 AM
Hello. Can we buy after listing ? Short term Target ?
57.1. IPO LEADER |   Link |  Bookmark |December 27, 2022 6:25:28 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Big avoid
56. arvindarvind |   Link |  Bookmark |December 26, 2022 1:30:34 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
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 |  Bookmark |December 28, 2022 10:27:48 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 |  Bookmark |December 24, 2022 10:14:19 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
-4 discount seller
54. Surinder Kumar Garg |   Link |  Bookmark |December 23, 2022 6:48:22 PM
Excellent service by NSE for Dollex

53. Led |   Link |  Bookmark |December 23, 2022 6:07:30 PM
Listing kaisi rahegi plus ya minus pls tell me
52. Student. |   Link |  Bookmark |December 22, 2022 12:26:13 AM (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 |  Bookmark |December 28, 2022 10:28:57 AM
Student bhai how did you knew about this information?
51. Billion dollar |   Link |  Bookmark |December 20, 2022 12:03:30 PM
@lokes, mravi and others are you applying in here
51.7. Vinny |   Link |  Bookmark |December 20, 2022 11:31:02 PM (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 |  Bookmark |December 21, 2022 7:47:26 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
no,,, big avoid
50. REAL IPO |   Link |  Bookmark |December 20, 2022 9:22:03 PM
Gmp 4 🛫🛫🛫🛫