GMP, Review, Price, and Allotment for the Dollex Agrotech IPO
- Overview of the Dollex Agrotech Initial Public Offering – The corporation produces and trades sugar and has its own captive power generation facility.
- Mollases, pressed bagasse, and bagasse used to create electricity are just a few of the byproducts that this industry makes and sells. In addition, the business produces its own electricity up to a capacity of 3 MW via captive power.
- Jaggery powder, sugar, molasses, bagasse, press mud, and pharmaceutical-grade sugar are all available from Dollex Agrotech. In accordance with an agreement dated 25 December 2021, the firm has reserved a 2000 metric tonne (MT) storage space at Star Agriwarehousing & Collateral Management Limited, located at Khasra No. 421/1, Village Govindpur, Datia, Badoni, Madhya Pradesh, for the storage of its sugar stocks.
- After five years in business, the company has established solid ties with local cane producers. The government has given the corporation 7600 square feet of land in which to process the sugarcane it purchases from local farmers. It provides enough support and incentives throughout the production process to keep these farmers loyal.
About the company:
- Dollex Agrotech Ltd. (DAL) is in the business of making and selling sugar, and it can also generate its own power. It has gotten approval from the Indian government’s Department of Food and Public Distribution to build distilleries with a capacity of 200 KLPD.
- It also makes and sells things like molasses, press mud, and bagasse that come from making sugar. Bagasse is used to make electricity. The company also makes its own power with a 3 MW capacity that it uses to run our plant in Datia.
- Under the EBP Program, which is run by the Ministry of Petroleum and Natural Gas, DAL wants to get into the business of making ethanol. When commercial blending of ethanol with gasoline to make gasohol takes off, it is expected that the amount of ethanol used will go up.
- Long-term, however, the supply is also expected to grow as more sugar manufacturers set up primary distilling facilities and as new sugar mills with integrated plants and cogeneration come online. The company makes and sells sugar in bulk and sells it in 50-kilogram packages to anyone who wants to buy it.
- As of now, it does not have a distributor and sells sugar directly to clients without going through a distributor. As of the date this offer was filed, DAL had 48 people working for it.
- Dollex Industries and Parvati Sweetners did a reverse merger, which was made clear by the company’s management. After that, Dollex Industries sold all of its shares to the new company and has nothing to do with it anymore. (See offer document page 90).
Goals of the Debate
The purpose of the issue is to:
1. To meet the company’s needs for working capital
2. To carry out the company’s general goals.
3. To pay for the costs of the issue.
Dollex Agrotech IPO Details
|Dollex Agrotech IPO Dates||15 – 20 December 2022|
|Dollex Agrotech IPO Price||INR 35 per share|
|Fresh issue||49,68,000 shares (INR 17.39 crore)|
|Offer For Sale||20,00,000 shares (INR 7.00 crore)|
|Total IPO size||69,68,000 shares (INR 24.39 crore)|
|Minimum bid (lot size)||4,000 shares|
|Face Value||INR 10 per share|
|Listing On||NSE Emerge|
Dollex Agrotech Financial Performance
|FY 2020||FY 2021||FY 2022||Q1 FY 2023|
Dollex Agrotech Valuations & Margins
|FY 2020||FY 2021||FY 2022||Q1 FY 2023|
Dollex Agrotechs IPO GMP Today
|Date||Consolidated IPO GMP||Kostak||Subject to Sauda|
|14 Dec 2022||–||–||17,000|
|13 Dec 2022||–||–||15,000|
Dollex Agrotech IPO Subscription – Live Updates
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Dollex Agrotech Offer Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone : +91 011 4509 8234
Email : firstname.lastname@example.org
Website : www.expertglobal.in
Dollex Agrotech Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020
Phone : 011-40450193-197
Email : email@example.com
Website : www.skylinerta.com
Dollex Agrotech IPO FAQs
- How big is the Dollex Agrotech offer?
INR 24.39 crore is the size of Dollex Agrotech’s offer.
- What is the IPO price band for Dollex Agrotech?
Dollex Agrotech is selling shares to the public for INR 35 each.
- How big is a Dollex Agrotech IPO lot?
The size of a lot in the Dollex Agrotech offer is 4,000 shares.
- What is IPO GMP for Dollex Agrotech today?
Dollex Agrotech IPO GMP is INR NA per share as of right now.
- What is the current rate for Dollex Agrotech kostak?
The current rate for Dollex Agrotech kostak is $0.00 per application.
- What is the current rate for Dollex Agrotech Subject to Sauda?
The Sauda rate for Dollex Agrotech Subject to Sauda is INR 17,000 per application as of tod