Dollex Agrotech Limited was incorporated as a Private Limited Company with the name 'Dollex Agrotech Private Limited' dated June 10, 2013 at Gwalior. Subsequently, the Company converted into Public Company on April 25, 2022, and name of the Company was changed to 'Dollex Agrotech Limited' dated May 20, 2022.
The Company was founded by Mr. Mehmood Khan & Mrs. Munni Bee Khan in year, 2013. Presently, it is engaged into the business of manufacturing & trading of sugar with captive power cogeneration capabilities. In 2006, Mr. Mehmood Khan, one of the 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 nearly 6 years. After getting experience in sugar industry, he started mentoring other companies engaged in sugar manufacturing. Thereafter, he decided to set up a sugar manufacturing plant in Datia, in the name of Dollex Industries Limited', which later on merged with an unlisted company, Parvati Sweetners and Power Ltd.', in 2018, while the promoters sold their shareholding in that Company.
As production of sugarcane required ample amount of time, the Company started their cane development process since Incorporation. Thereafter, the Promoters started gathering resources like plant and machinery, key managerial personnel etc. for establishing and operating sugar manufacturing plant till year 2017. In year 2018, Company started operations of sugar manufacturing, from ...sugarcane along with co-generation capabilities in Indore, Madhya Pradesh.
The Company's plant is situated in Datia district of Madhya Pradesh having a crushing capacity of 2500 tonnes per day (TCD). Besides, it has received in-principle approval from Dept. of Food & Public Distribution from Government of India for establishing distilleries of 200 KLPD capacity. In addition to sugar, it also produce and sell byproducts such as mollases, pressmud and bagasse. The bagasse is used to generate power. Further, the Company is engaged into captive power generation with a capacity of 3 MW omprising of 2 plants of 1.5 MW each. This power is generated from bagasse to run their plant at Datia. Apart from these, the Company manufactures & trades sugar in wholesale & sell it in the package of 50 kgs to anyone who wants to buy it, therefore it has no distributor as it sell sugar to clients directly without involving any distributor.
The Company came out with a Public Issue of 69,68,000 Equity Shares in December, 2022 by raising funds aggregating to Rs. 24.39 Crore , comprising a Fresh Issue of 49,68,000 equity shares amounting to Rs. 17.39 Crores and 20,00,000 equity shares through Offer for Sale of Rs. 7 Crores.
FAQs on Dollex Agrotech Ltd
1. Can I buy Dollex Agrotech Ltd from PL Capital? ›
Yes, you can invest in Dollex Agrotech Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Dollex Agrotech Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Dollex Agrotech Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Dollex Agrotech Ltd pay dividends? ›
Dollex Agrotech Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Dollex Agrotech Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Dollex Agrotech Ltd. is ₹ 34.45 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Dollex Agrotech Ltd ? ›
The 52-week high and low of Dollex Agrotech Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
