Dollex Agrotech Limited
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₹-2(-5.71%)
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Dollex Agrotech Limited's successfully completed its Initial Public Offering and commenced trading on Dec 28, 2022 at the NSE exchange. The company raised 69,68,000 Shares through this public offering, comprising 46,16,000 Shares in fresh capital and ₹7.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹35 to ₹35, with minimum application lots of 4000 shares. The offering attracted significant investor interest during its subscription period from Dec 15, 2022 to Dec 20, 2022.
Share allotment was finalized on Dec 23, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2013, Dollex Agrotech Limited is engaged in the manufacturing and trading of sugar with captive power cogeneration capabilities, along with the production and sale of by-products such as molasses, pressed mud, and bagasse—the latter also being used to generate up to 3 MW of captive power. The company’s product portfolio includes jaggery powder, sugar, molasses, bagasse, press mud, and pharma-grade sugar. For FY 2021–22, Dollex Agrotech reported a turnover of ₹7,940.11 lakh and a PAT of ₹326.90 lakh. The company has secured warehousing space for 2,000 MT of sugar stock with Star Agriwarehousing & Collateral Management Limited in Madhya Pradesh and has been allotted 7,600 sq. ft by the government to procure sugarcane from farmers, to whom it provides incentives and support throughout the cultivation process to maintain long-term relationships.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Mehmood Khan
- Mrs. Munni Bee
Dollex Agrotech Limited
Skyline Financial Services Private Limited