Dollex Agrotech Raises the Stakes—₹33 Rights Issue to Supercharge Expansion

Image Source: IPO Guru

Dollex Agrotech has officially approved a rights issue price of ₹33 per equity share, marking a significant step in its capital-raising strategy. This move is expected to bolster the company’s financial position and support its expansion plans in the sugar manufacturing and trading sector.

The rights issue will provide existing shareholders with an opportunity to increase their stake at a competitive price, reinforcing investor confidence in Dollex Agrotech’s growth trajectory. The company has been actively investing in power cogeneration capabilities, utilizing by-products like bagasse to generate energy, further strengthening its operational efficiency.

Dollex Agrotech has been making strides in the sugar industry, with a plant in Indore, Madhya Pradesh, and plans to establish distilleries to diversify its revenue streams. The latest rights issue aligns with its broader vision of scaling operations and enhancing profitability.

With a market capitalization of approximately ₹103 crore, Dollex Agrotech continues to focus on sustainable growth, leveraging its expertise in sugar production and energy generation. The rights issue is expected to attract strong investor interest, given the company’s strategic positioning in the sector.

Sources: Zerodha, Moneycontrol