Dollex Agrotech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 20, 2022Let’s have a detailed review of the company and analytics of the Dollex Agrotech IPO release date, IPO offer price, subscription, Dollex Agrotech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 35 |
| Listing At | NSE, SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Dec 28, 2022 |
| Offer for Sale | Rs 700.00 Lakh |
| Fresh Issue | Rs 1,738.80 Lakh |
| IPO Size | Rs 2,438.80 Lakh |
| Tick Size | 1 |
Dollex Agrotech IPO is listed at a [] premium. Check out the live share price by clicking on the below link.
Dollex Agrotech IPO – Summary
Their Company was incorporated as a private limited company namely “Dollex Agrotech Private Limited” under the Companies Act, vide certificate of incorporation dated June 10, 2013 issued by Registrar of Companies, Gwalior bearing corporate Identity Number U15311MP2013PTC030914.
Their company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of their Company
The Promoter of this company is MR. MEHMOOD KHAN & MRS. MUNNI BEE. The lead manager to the issue is Expert Global Consultants Private Limited, and the Registrar to this issue is Skyline Financial Services Private Limited.
Dollex Agrotech IPO Date
The opening and the closing date of Dollex Agrotech IPO are Dec 15, 2022 and Dec 20, 2022 respectively.
Dollex Agrotech IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 15th Dec | 0.78x | 0.15x | 0.46x |
| 2nd Day – 16th Dec | 0.82x | 0.38x | 0.60x |
| 3rd Day – 19th Dec | 1.05x | 1.05x | 1.05x |
| 4th Day – 20th Dec | 1.46x | 2.28x | 1.87x |
| Shares Offered or Net Issue | 3,308,000 | 3,308,000 | 6,616,000 |
The shares subscribed by the public will be updated here.
Dollex Agrotech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Dollex Agrotech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 23, 2022 |
| Refunds Initiation | Dec 26, 2022 |
| Credit of Shares to Demat Account | Dec 27, 2022 |
| Share Listing Date | Dec 28, 2022 |
Dollex Agrotech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.35
Dollex Agrotech IPO Equity Size
This Initial Public Issue of 69,68,000 Equity Shares of Rs.10 each for cash at a price of Rs.35 per equity share aggregating to Rs.2,438.80 Lakh.
Dollex Agrotech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 49,68,000 Equity Shares of Rs.10/ each.
Issue Size: 69,68,000 Equity Shares of Rs.10 each, aggregating to Rs.2,438.80 Lakh
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Dollex Agrotech IPO – Live Performance
The listing date of this IPO is Dec 28, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Dollex Agrotech Share Price |
Dollex Agrotech IPO Grey Market Premium
The Dollex Agrotech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Dollex Agrotech IPO – Company Overview
Dollex Agrotech Limited is founded by Mr. Mehmood Khan & Mrs. Munni Bee Khan in year 2013. Their Company is engaged into the business of manufacturing & trading of sugar with captive power cogeneration capabilities.
Their promoter, Mr. Mehmood Khan possesses rich experience of sugar industry of nearly about fifteen years. In 2006, Mr. Mehmood Khan, one of their promoter, participated in a tender floated by Govt. of Maharashtra for a sugar unit on lease at Nanded, Maharashtra and was allotted the unit for a period of 6 years.
After getting rich experience in sugar industry, he started mentoring other companies engaged in sugar manufacturing.
Dollex Agrotech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 11093.62 | 11,355.87 | 10,499.28 | 8,884.95 |
| *Total Revenue | 8,884.95 | 7,962.58 | 7,748.42 | 2,590.08 |
| Total Expense | 626.90 | 7,537.63 | 7,508.07 | 2,457.56 |
| Profit After Tax | 151.26 | 326.90 | 167.43 | 57.79 |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 0.76 | 1.63 | 0.84 | 0.58 |
Further, their PAT for the period ended on June 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 151.26 Lakh, Rs. 326.90 Lakh, Rs. 167.43 Lakh and Rs. 57.79 Lakh respectively.
Dollex Agrotech IPO – Promoters
The Promoter of this company is:
- MR. MEHMOOD KHAN
- MRS. MUNNI BEE
List of Related Parties (Key Managerial Personnel)
- Mehmood Khan, Managing Director
- Munni Bee, Whole Time Director
- Khusro Nisar, Director
- Vijai Singh Bharaktiya, Independent Director
- Ruchi Sogani, Independent Director
- Manish Joshi, Independent Director
Dollex Agrotech IPO – Promoters Holding
- Pre Issue Share Holding – 99.50%
- Post Issue Share Holding – 71.69%
Dollex Agrotech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 69,68,000 Equity Shares aggregating up to Rs.2,438.80 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,52,000 Equity Shares aggregating up to Rs.123.20 Lakh |
| Net Issue to the Public | Up to 66,16,000 Equity Shares aggregating up to Rs.2,315.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 33,08,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 33,08,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 2,00,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,49,68,000 Equity Shares |
Dollex Agrotech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.To meet out the Working Capital requirements of the Company;
2. To meet out the General Corporate Purposes; and
3. To meet out the Issue Expenses.
Dollex Agrotech IPO – Business Strategy
- Enhance customer base by entering new geographies
- Leveraging their Market skills and Relationships
- Their current working capacity enables them to capitalise future pricing trends
- Farmer education to increase yield
Dollex Agrotech IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Good track record;
- Government support to the sugar industry
- Leveraging the experience of their Promoters;
- The experienced management team and a motivated and efficient workforce;
- Cordial relations with their consumers;
- Quality assurance and control.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 1.63 | 12.34 | 13.25 |
| 31-Mar-21 | 0.84 | 7.21 | 11.61 |
| Mar-20 | 0.58 | 5.00 | 11.55 |
Dollex Agrotech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | PAT (Rs In Lakhs) |
|
| Dollex Agrotech Limited | 10 | 21.41 | 1.63 | 12.34 | 326.90 |
| Listed Peers | |||||
| Shree Renuka Sugars Ltd. |
1.00 | 42.88 | 1.12 | 0.00 | (13,600) |
| Bajaj Hindusthan Sugar Ltd |
1.00 | (6.55) | (1.78) | (12.29) | (26,700) |
| Rana Sugars Ltd. | 10.00 | 4.54 | 5.59 | 18.97 | 8500 |
| Vishwaraj Sugar Industries Ltd. |
2.00 | 5.61 | 3.13 | 21.28 | 6000 |
| Parvati Sweeteners and Power Limited |
5.00 | 76.43 | 0.14 | 1.80 | 125.08 |
Dollex Agrotech IPO Lead Managers
| Lead Managers |
| Expert Global Consultants Private Limited SEBI Registration No.: INM000012874 1511, RG Trade Tower Netaji Subhash Place, Pitampura, New Delhi -110034, India Tel No.: 91 011 4509 8234 Contact Person: Mr Gaurav Jain Email: ipo@expertglobal.in, compliance@expertglobal.in Website: www.expertglobal.in |
Dollex Agrotech IPO Registrar to offer
| Registrar to the Offer |
| Skyline Financial Services Private Limited SEBI Registration No.: INR000003241 D-153 A, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi-110020 Tel No: +91-11-40450193-97; Fax No: +91-11-26812683 Contact Person: Mr Alok Gautam Email: compliances@skylinerta.com Website: www.skylinerta.com; |
Dollex Agrotech IPO – Other Details
- Statutory Auditor – M/s Bansal Mukesh & Associates, Chartered Accountants
- Legal Counsel to the Company – Adv. Aman Thukral
- Bankers to the Company – NA
Dollex Agrotech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Dollex Agrotech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Dollex Agrotech IPO Review FAQs
Check out various FAQs related to Dollex Agrotech IPO:
What is the Issue Size of Dollex Agrotech IPO?
The Company is making an initial public offer of 6,968,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Dollex Agrotech IPO?
The price band for this particular IPO ranges between Rs 35. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Dollex Agrotech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 15, 2022, while the closing date is set for Dec 20, 2022.
What is the Dollex Agrotech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 23, 2022, refund initiation is on Dec 26, 2022, credit of shares is on Dec 27, 2022, and share listing date is on Dec 28, 2022.
What is the Dollex Agrotech IPO Listing Date?
Shares of this company shall be listed in the exchanges on Dec 28, 2022. The date, when the listing would be done, is stagnant on Dec 28, 2022.
Who is the Registrar of Dollex Agrotech?
One of the reputed registrars is managing the issue of this IPO, i.e. Skyline Financial Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Dollex Agrotech?
Here are the promoters of this IPO – MR. MEHMOOD KHAN & MRS. MUNNI BEE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Dollex Agrotech IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Dollex Agrotech good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Dollex Agrotech Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 326.90, 2021 is 167.43, and 2020 is 57.79. PAT from Jun 2022 is 151.26.
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