Dollex Agrotech IPO
Listing Details
- Listing Exchange -
- Listing Date 28-Dec-22
- IPO Price Range ₹ 35
- Listing Price ₹ 30
- Listing Change -14.3%
- Last Traded Price ₹ 49.05
- Current Change 40.1%
IPO Details
- Open Date 15-Dec-23
- Close Date 20-Dec-23
- Lot Size 4000
- IPO Size ₹ 24.39 Cr
- IPO Price Range ₹ 35
Dollex Agrotech IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 15-Dec-22 | 0.78x | 0.15x | 0.46x |
| 16-Dec-22 | 0.82x | 0.38x | 0.60x |
| 19-Dec-22 | 1.05x | 1.05x | 1.05x |
| 20-Dec-22 | 1.46x | 2.28x | 1.87x |
IPO Synopsis
Dollex Agrotech IPO opens on Dec 15, 2022, and closes on Dec 20, 2022. The issue consists of fresh issue of 49.68 lakh equity shares and an OFS of 20,00,000 lakh shares. The Dollex Agrotech IPO price band is fixed at ₹35 with a market lot of 4000 shares. The shares will be allotted on 23rd December while the issue will be listed on 28th December.
Expert Global Consultant Pvt. Ltd. is the sole lead manager for the issue.
Objective of the issue
The net proceeds from the issue will be utilised for:
1. To meet out the Working Capital requirements of the Company
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
Dollex Agrotech Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 79.4 | 77.2 | 25.3 |
| PAT | 3.3 | 1.7 | 0.6 |
| EPS (basic in Rs.) | 1.6 | 0.8 | 0.6 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 113.6 | 105.0 | 88.8 |
| Share Capital | 20.0 | 20.0 | 10.0 |
| Total Borrowings | 44.5 | 50.3 | 52.1 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 8.6 | 0.2 | -9.2 |
| Net cash from / (used in) investing activities | 2.6 | -2.1 | -8.4 |
| Net cash flow from / (used in) financing activities | -8.3 | -6.0 | 15.4 |
| Net increase (decrease) in cash and cash equivalents | 3.0 | 4.1 | -2.2 |
Peer Comparison
| Name of the Company | PAT (in Rs. Crores) | Basic EPS | CMP Rs. per share | PE | RoNW% |
|---|---|---|---|---|---|
| Dollex Agrotech Limited | 3.27 | 1.63 | 35 | 21.41 | 12.34% |
| Shree Renuka Sugars Ltd. | -136.00 | 1.12 | 61.45 | 42.88 | 0.00% |
| Bajaj Hindusthan Sugar Ltd. | -267.00 | -1.78 | 16.7 | -6.55 | -12.29% |
| Rana Sugars Ltd. | 85.00 | 5.59 | 23.95 | 4.54 | 18.97% |
| Vishwaraj Sugar Industries Ltd. | 60.00 | 3.13 | 17.3 | 5.61 | 21.28% |
| Parvati Sweetners and Power Limited | 1.25 | 0.14 | 9.38 | 76.43 | 1.80% |
IPO Key Points
-
Strengths
• Availability of raw materials
• Low wage labour availability
• Good transportation system -
Risks
Disruption in supply of our sugarcane;
• Inability to maintain quality standards
• Changes in the competition landscape
• Adverse natural calamities affecting the sugarcane fields
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
Be a part of the 5paisa community - the first listed discount broker of India
IPO FAQs
What is the price band of the Dollex Agrotech IPO?
The price band of the Dollex Agrotech IPO is set at Rs. 35 per share
When does the Dollex Agrotech IPO issue open and close?
The Dollex Agrotech IPO opens on 15th December, and the closes on 20th December.
What is the size of Dollex Agrotech IPO issue?
The fresh issue consists of fresh issue of 49.68 lakh equity shares and an OFS of 20,00,000 lakh shares.
What is the allotment date of Dollex Agrotech IPO?
The allotment date of Dollex Agrotech IPO is set for 23rd December.
What is the Dollex Agrotech IPO’s listing date?
The Dollex Agrotech IPO issue will be listed on 28th December.
What is the lot size and investment required for the Dollex Agrotech IPO?
The Dollex Agrotech IPO market lot size 4000 shares per lot
What is the objective of the issue?
The proceeds will be used:
1. To meet out the Working Capital requirements of the Company
2. To meet out the General Corporate Purposes.
3. To meet out the Issue Expenses.
How to apply for the Dollex Agrotech IPO?
To apply for the Dollex Agrotech IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app
Who are the promoters/key personnels of Dollex Agrotech?
The Dollex Agrotech IPO is promoted by Mr. Mehmood Khan & Mrs. Munni Bee.
Who are the book runners for Dollex Agrotech IPO?
Expert Global Consultant Pvt. Ltd. is the book running lead managers to the issue.
Contact Details of Dollex Agrotech IPO
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 Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/
Dollex Agrotech IPO Lead Manager
Expert Global Consultants Private Limited