
Agriculture · NSE
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.
Price Band
₹35
Issue Size
₹24.39 Cr
Lot Size
4000 shares
GMP
-5.7%
Est. Listing
₹33
at current GMP
Subscribed
1.87x
overall
Open
15 Dec 2022
Close
20 Dec 2022
Allotment
23 Dec 2022
Refund
24 Dec 2022
Demat Credit
25 Dec 2022
Listing
28 Dec 2022
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
23 Dec 2022
Basis finalization
Refunds Initiate
24 Dec 2022
Mandate release
Demat Credit
25 Dec 2022
Shares in demat
Listing Debut
28 Dec 2022
Trading begins
Dollex Agrotech Limited is bringing an initial public offering (IPO) in the Agriculture sector with an aggregate issue size of ₹24.39 Crores. The shares are offered at a price band of ₹35 to ₹35 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-12-25, while un-allotted funds or UPI block mandates will be released on 2022-12-24.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.