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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.
| 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 Size | 6,968,000 shares (aggregating up to ₹24.39 Cr) |
| Fresh Issue | 4,968,000 shares (aggregating up to ₹17.39 Cr) |
| Offer for Sale | 2,000,000 shares of ₹10 (aggregating up to ₹7.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 352,000 shares Nikunj Stock Brokers |
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 Offered | 352,000 (5.05%) |
| Other Shares Offered | 3,308,000 (47.47%) |
| Retail Shares Offered | 3,308,000 (47.47%) |
| Total Shares Offered | 6,968,000 (100%) |
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 |
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 | |||
Mr. Mehmood Khan & Mrs. Munni Bee are the company promoters.
| Share Holding Pre Issue | 99.50% |
| Share Holding Post Issue | 71.69% |
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 Rs 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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.46 |
| Retail | 2.29 |
| Total | 1.88 |
| Listing Date | December 28, 2022 |
| BSE Script Code | |
| NSE Symbol | DOLLEX |
| ISIN | INE0JHH01011 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹35.00 |
| ₹30.00 |
| ₹30.00 |
| ₹31.50 |
| ₹31.50 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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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
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.
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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