Dollex Agrotech IPO is engaged in the business of manufacturing & trading sugar with captive power cogeneration capabilities.
Dollex Agrotech IPO – Overview
| IPO Dates | 15- 20 Dec 2022. |
| IPO Price | INR 35 per share |
| Fresh issue | 6,968,000 shares (INR 24.39 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,968,000 shares (INR 24.39 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Dollex Agrotech IPO -Tentative Dates
| IPO Offer Opening Date | 15 December 2022 |
| IPO Closing Date | 20 December 2022 |
| Finalisation of Basis of Allotment | 23 December 2022 |
| Initiation of refunds | 26 December 2022 |
| Transfer of shares to demat accounts | 27 December 2022 |
| IPO Listing Date | 28 December 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
The company is into the business of manufacturing & trading sugar with captive power cogeneration capabilities 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 And 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.
Objects of the Issue
- Working Capital requirements of the Company.
- To meet Issue Expenses.
- General Corporate Purpose.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 11355.87 | 10499.28 | 8884.95 |
| Total Revenue | 7962.58 | 7748.42 | 2590.08 |
| Profit After Tax | 326.9 | 167.43 | 57.79 |
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 Lead Manager(s)
- Expert Global Consultants Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
