Dollex Agrotech was incorporated on June 10, 2013. The company is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities.
| Bidding Dates |
|---|
| 15 Dec 2022 - 20 Dec 2022 |
| Subscription |
|---|
| 1.87x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹140,000 | 1 | 1 | 4000 | 7.0 M | ₹35 | 72.09 % | ₹243.9 M | RHP DOC |
Dollex Agrotech IPO SUBSCRIPTION STATUS
20 Dec '22Total1.87x
Retail Individual Investor2.28x
HNI (NII) Investors1.46x
Qualified Institutional Buyers-
Dollex Agrotech IPO overall subscription rate was 1.87 times the total available shares
Dollex Agrotech IPO retail subscription rate was 2.28 times in the retail segment
Dollex Agrotech IPO non-institutional investor subscription rate was 1.46 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Dec 2022 (Day 3) | 1.05x | 1.05x | - |
20 Dec 2022 (Day 4) | 2.28x | 1.46x | - |
16 Dec 2022 (Day 2) | 0.38x | 0.82x | - |
15 Dec 2022 (Day 1) | 0.15x | 0.78x | - |
Dollex Agrotech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY23 | 15.1 | 83.9 | -55.5 | -55.6 |
| FY22 | 32.7 | 794.0 | 86.3 | 112.4 |
| FY21 | 16.7 | 771.9 | 2.4 | -18.8 |
| FY20 | 5.8 | 252.9 | -92.1 | -175.8 |
Dollex Agrotech IPO SUBSCRIPTION STATUS DETAILS
Dollex Agrotech had 7.0 M shares on offer
Dollex Agrotech IPO offer price was ₹35
Dollex Agrotech IPO minimum Investment was ₹140000
Dollex Agrotech IPO issue size was ₹ 243.9 M
Dollex Agrotech had a minimum lot size of 4000 Shares per application
Dollex Agrotech NUMBER OF SHARES ON OFFER
Total7.0 M
Fresh Issue5.0 M
Offer for Sale2.0 M
Post Issue Promoter Holding %72.09 %
Dollex Agrotech IPO IMPORTANT DATES
| Issue Open Date | 15 Dec 2022 |
| Issue close Date | 20 Dec 2022 |
| Allotment Date | 23 Dec 2022 |
| Refund Date | 26 Dec 2022 |
| Demat Account Credit Date | 27 Dec 2022 |
| Listing Date | 28 Dec 2022 |
| Listing on Exchange(s) | NSE |
| Dollex Agrotech Allotment Status | Exchange |
Dollex Agrotech IPO subscription opened on 15 Dec 2022, and closed on 20 Dec 2022
IPO allotment for Dollex Agrotech was finalized on Friday, 23 Dec 2022
IPO listing for Dollex Agrotech was on NSE on Wednesday, 28 Dec 2022
Dollex Agrotech IPO LISTING GAINS
| Issue Price (adjusted) | 35.0 |
| Listing Open Price | 30.0 |
| Listing Close Price | 31.5 |
| Listing Gain% | -14.3% |
| Current Gain% | 9.9% |
Dollex Agrotech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dollex Agrotech Ltd. | 38.4 | 96 | 18.3 | 0.3 | 0.7 | 6.8 | 2 | 225.4 | -5.1 | 8.4 | 1.6 | 2.1 | 56.5 |
| Balrampur Chini Mills Ltd. | 691.4 | 14629.9 | 39.4 | -3.5 | 2.3 | 9.1 | 4.5 | 6308 | 14.6 | 378.5 | -13.4 | 17.5 | -11.3 |
| Piccadily Agro Industries Ltd. | 602.2 | 5935.5 | 42.2 | 1.4 | 5.5 | 15.3 | 8.4 | 1045.7 | 26.8 | 137.5 | 34.4 | 14.3 | 30.5 |
| Triveni Engineering & Industries Ltd. | 255.4 | 5628.1 | 20 | 0.7 | 0.9 | 8 | 4.1 | 6366.7 | 10.8 | 268.7 | 10.5 | 12.8 | 29.9 |
| Shree Renuka Sugars Ltd. | 24.9 | 5293.6 | -6.8 | 0.1 | 0.6 | 0 | -10.7 | 9305.3 | -15.7 | -792.1 | -164.2 | -3.7 | -96.4 |
| Bajaj Hindusthan Sugar Ltd. | 20.9 | 5006.1 | 43.3 | 0.2 | 0.9 | 15.2 | 0.9 | 5477 | -2.1 | 126.6 | 637.3 | 0.5 | 188.5 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Dollex Agrotech annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | TTM | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
26.8% | 23.8% | 229.2 | 225.4 | 237.5 | 135.7 | 110.6 | 79.6 | 77.5 | 25.9 | 18.4 | ||
Operating Exp. Ann. | 28.7% | 24.2% | 212 | 208.1 | 221.1 | 121.5 | 97.6 | 70.6 | 70.5 | 20.9 | 16.7 | |
Operating Profit Ann. | 9.9% | 20.5% | 16.9 | 17 | 16.3 | 14 | 12.8 | 8.8 | 6.7 | 4.4 | 1.7 | |
OPM Ann. % | -13.3% | -2.6% | 7.56% | 6.87% | 10.30% | 11.59% | 11.01% | 8.64% | 17.16% | 9.31% | ||
27.9% | 23.4% | 214.8 | 227 | 127.6 | 102.6 | 75.4 | 75.1 | 24.6 | 17.2 | |||
EBITDA Ann. | 10.3% | 19.8% | 17.3 | 16.4 | 14.2 | 12.9 | 9 | 7 | 5.1 | 1.8 | ||
EBITDA Ann. margin % | -13.1% | -3.2% | 7.68% | 6.89% | 10.43% | 11.69% | 11.29% | 9.02% | 19.50% | 9.56% | ||
Interest Ann. | 15.5% | 11% | 3.7 | 3.7 | 3.3 | 3.2 | 2.4 | 2.5 | 2.2 | 1.9 | 0.2 | |
Depr. | 6.3% | 4.6% | 3.1 | 3 | 2.5 | 2.8 | 2.5 | 2.3 | 2.4 | 1.9 | 0.3 | |
PBT Ann. | 9.8% | 34.6% | 10.4 | 10.6 | 10.5 | 8.1 | 8 | 4.3 | 2.4 | 1.3 | 1.3 | |
Tax Ann. | 5% | 17.1% | 2.5 | 2.2 | 2.2 | 1.1 | 1.9 | 1 | 1 | 0.7 | 0.6 | |
11.3% | 41.1% | 8.4 | 8.3 | 7 | 6.1 | 3.3 | 1.5 | 0.6 | 0.7 | |||
Net Profit Ann. | 11.3% | 37.6% | 7.9 | 8.4 | 8.3 | 7 | 6.1 | 3.3 | 1.7 | 0.6 | 0.7 | |
NPM Ann. % | -12.2% | 11.5% | 3.73% | 3.48% | 5.17% | 5.52% | 4.11% | 2.16% | 2.28% | 3.62% | ||
EPS Adj. latest Ann. | 11.9% | 39.3% | 2.1 | 2.1 | 1.8 | 1.5 | 0.8 | 0.4 | 0.1 | 0.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-5.1%
2Y CAGR
28.9%
3Y CAGR
26.8%
5Y CAGR
23.8%
7Y CAGR
43%
Total Revenue Annual is falling faster than historical averages.
Net Profit Ann.
1Y CHG
1.2%
2Y CAGR
9.5%
3Y CAGR
11.3%
5Y CAGR
37.6%
7Y CAGR
42.6%
Net Profit Annual growth is lower than historical averages.
Operating Exp. Ann.
1Y CHG
-5.9%
2Y CAGR
30.9%
3Y CAGR
28.7%
5Y CAGR
24.2%
7Y CAGR
43.4%
Operating Expenses Annual Cr is falling faster than historical averages.
Dollex Agrotech INFORMATION ON IPO ISSUE
About Dollex Agrotech
Dollex Agrotech was incorporated on June 10, 2013. The company is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities.
Object of the Issue
- To meet the working capital requirements of the company
- To meet general corporate purposes
- To meet issue expenses
Dollex Agrotech - PROMOTERS
| Name |
|---|
| Mehmood Khan |
| Munni Bee |
Dollex Agrotech Lead Manager to the Issue
Expert Global Consultants Private Limited
ipo@expertglobal.in
Dollex Agrotech Registrar to the Issue
Skyline Financial Services Limited
compliances@skylinerta.com
Dollex Agrotech Strengths
Low-wage labour availability
The company has access to low-wage labour and also has government support for the sugar industry
Strength
Experienced team
The company has an experienced promoter, a management team and motivated & efficient workforce
Strength
Dollex Agrotech Risks
Dependent on sugarcane production
Sugarcane is the principal raw material used for the production of sugar and any fall in its quality or quantity may adversely affect the business operations
Risk
Negative cash flows
The company has negative cash flows from its operating and investing activities in the current and past years
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 7.0 crore, of 2,000,000 shares. It also consists of a fresh issue of Rs 17.4 crore.
The promoters of the company are Mehmood Khan and Munni Bee.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 35.0 - 35.0.
The IPO application opens on Dec 15, 2022 and closes on Dec 20, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Dec 23, 2022.
The refund will be credited to your account on Dec 26, 2022.
The allotted shares will be credited to your demat on Dec 27, 2022.
Dollex Agrotech Ltd.’s shares listed on the stock exchanges on Dec 28, 2022.