Dollex Agrotech IPO:GMP, Price, Dates, Issue Size

0
148
Rate this post

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 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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) 

  1. Expert Global Consultants Private Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

LEAVE A REPLY

Please enter your comment!
Please enter your name here