Dollex Agrotech Limited initiated its business operations in 2013. The company is involved in manufacturing and trading of sugar with captive power cogeneration capabilities. It is engaged in power generation and has a captive power of 3 MW. It also deals into the by-products such as pressed, molasses and bagasse.
The entire product portfolio consists of Jaggery Powder, Molasses, Sugar, Press mud, Bagasse, Pharma grade sugar etc. It has a warehousing facility deal with Star Agriwarehousing and Collateral management Limited. It has a land space of 7600 Sq. Ft. for Sugarcane produce which is provided by the Government.
IPO DETAILS
Dollex Agrotech Limited IPO is set to launch on 15 Dec., 2022. The subscription timeline extends till 20 Dec., 2022. The size for the IPO is 24.39 Crore Rs.. Shares issued through fresh issues are worth 7 Crore Rs. Shares issued through Offer For Sale mode are worth Rs. 17.39 Crore. The lot size is 4000 shares and the price is 35 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a fixed price issue. The registrar for the company is Skyline Financial Services Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 15 Dec., 2022 |
| CLOSING DATE FOR IPO | 20 Dec., 2022 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 35 Rs. |
| LOT SIZE | 4000 shares |
| MINIMUM ORDER QUANTITY | 4000 shares |
| ISSUE SIZE | 24.39 Crore Rs. |
| OFFER FOR SALE | 7 Crore Rs. |
| FRESH ISSUE | 17.39 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 28 Dec., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 15 Dec., 2022 |
| CLOSING DATE FOR IPO | 20 Dec., 2022 |
| IPO ALLOTMENT DATE | 23 Dec., 2022 |
| REFUNDS | 26 Dec., 2022 |
| DEMAT A/C CREDITED ON | 27 Dec., 2022 |
| IPO LISTING DATE | 28 Dec., 2022 |
Dollex Agrotech Limited IPO begins for subscription from 15 Dec., 2022. The IPO subscription would continue till 20 Dec., 2022. The allotment status for the shareholders who applied would come on 23 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 26 Dec., 2022. The DEMAT accounts of shareholders would be credited on 27 Dec., 2022. The listing of the company would be accompanied on 28 Dec., 2022.
Lead Managers
The lead managers are :
- Expert Global Consultants Private Limited
The minimum lot size for the company is decided at 4000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 4000 shares | 140000 Rs. |
| Maximum | 8000 shares | 280000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- The funds can be used for working capital requirements.
- Dollex Agrotech Limited may also utilise the funds for the issue expenses.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 11356 | 10499 | 8885 |
| Revenue | 7963 | 7748 | 2590 |
| PAT | 327 | 167 | 57 |
Dollex Agrotech Limited has an asset base of 8885 Lakh Rs in 2020. The same increased to 10499 Lakh Rs in 2021 and then 11356 lakh Rs in 2022. Thus the company is constantly increasing its asset base and expanding the business. The revenue generated by the company has shown a huge spike recently.
The company generated close to 2590 Lakh Rs of revenue in 2020. This increased to a massive 7748 Lakh Rs in 2021 and then 7963 Lakh Rs in 2022. This is also identical in the profit figures shown by the company. It generated a profit of 57 Lakh Rs in 2020 which increased to 167 Lakh Rs in 2021 and 327 Lakh Rs in 2022. Thus the company has been able to maximise its share of revenue and this can be noticed in the profit figures. Also the assets have not been increased by much which is even better.
PROS
- The entire product portfolio consists of Jaggery Powder, Molasses, Sugar, Press mud, Bagasse, Pharma grade sugar etc.
- It is also involved in the power generation business and has a captive power of 3 MW.
CONS
- The company works in a highly competitive segment.
Dollex Agrotech Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Dollex Agrotech Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
