19-Feb-2024
2 mins read
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The initial public offering (IPO) for Deem Roll Tech, valued at Rs 29.26 crore, consists entirely of a fresh issuance of 22.68 million shares. The subscription window for this IPO opens on February 20, 2024, and concludes on February 22, 2024. The allocation of shares is anticipated to be determined by February 23, 2024. It is scheduled to be listed on the NSE SME, with the expected listing date being February 27, 2024.
Each share is priced at Rs 129, with the minimum subscription requirement set at 1000 shares. This places the minimum investment for retail investors at Rs 129,000. For high net-worth individuals (HNIs), the minimum investment is set at two lots, or 2000 shares, totalling Rs 258,000.
Fedex Securities Pvt Ltd is overseeing the IPO as the lead book-running manager, and Bigshare Services Pvt Ltd has been appointed as the registrar for the issue.
Deem Roll Tech Product Portfolio
The initial public offering (IPO) for Deem Roll Tech, valued at Rs 29.26 crore, consists entirely of a fresh issuance of 22.68 million shares. The subscription window for this IPO opens on February 20, 2024, and concludes on February 22, 2024. The allocation of shares is anticipated to be determined by February 23, 2024. It is scheduled to be listed on the NSE SME, with the expected listing date being February 27, 2024.
Each share is priced at Rs 129, with the minimum subscription requirement set at 1000 shares. This places the minimum investment for retail investors at Rs 129,000. For high net-worth individuals (HNIs), the minimum investment is set at two lots, or 2000 shares, totalling Rs 258,000.
Fedex Securities Pvt Ltd is overseeing the IPO as the lead book-running manager, and Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Ss Corporate Securities is serving as the market maker for the IPO.
Objectives of the Deem Roll Tech IPO
The company plans to allocate the funds raised through the Fresh Issue for several key objectives. These include financing the expansion of its current manufacturing operations located in Mehsana, Gujarat, India, covering its working capital needs, and for other general corporate purposes.
Financial Information Deem Roll Tech Limited Financial (In Rs Crore)
Deem Roll Tech Limited’s revenue increased by 13.42%, and profit after tax (PAT) rose by 68.88% between the financial year ending March 31, 2023, and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 9,825.85 | 9,251.44 | 8,263.02 | 7,898.93 |
| Revenue | 5,027.55 | 10,448.57 | 9,212.12 | 6,461.96 |
| Profit After Tax | 371.83 | 692.05 | 409.78 | 298.24 |
| Net Worth | 3,780.02 | 3,408.19 | 2,716.16 | 2,306.35 |
| Reserves and Surplus | 4,245.86 | 4,319.43 | 3,627.38 | 3,217.60 |
| Total Borrowing | 2,062.47 | 2,080.88 | 1,636.65 | 1,802.25 |
Important Details of Deem Roll Tech IPO 2024
| IPO Date | February 20, 2024 to February 22, 2024 |
| Listing Date | Yet to be announced |
| Face Value | Rs 10 per share |
| Price | Rs 129 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,268,000 shares (aggregating up to Rs 29.26 Cr) |
| Fresh Issue | 2,268,000 shares (aggregating up to Rs 29.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 6,069,272 |
| Shareholding post issue | 8,337,272 |
Tentative Timeline of Deem Roll Tech IPO 2024
| IPO Open Date | Tuesday, February 20, 2024 |
| IPO Close Date | Thursday, February 22, 2024 |
| Basis of Allotment | Friday, February 23, 2024 |
| Initiation of Refunds | Monday, February 26, 2024 |
| Credit of Shares to Demat | Monday, February 26, 2024 |
| Listing Date | Tuesday, February 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 22, 2024 |
Lot Size of Deem Roll Tech IPO
Investors are allowed to submit bids starting from a minimum of 1000 shares, and can increase their bids in increments of the same amount. The information provided below highlights the smallest and largest investment amounts that retail investors and high-net-worth individuals (HNIs) can commit to, specifying both the share quantity and the financial investment required.
| Application | Lots | Shares | Amount (In Rs) |
| Retail (Min) | 1 | 1000 | 129,000 |
| Retail (Max) | 1 | 1000 | 129,000 |
| HNI (Min) | 2 | 2,000 | 258,000 |
IPO Reservation of Deem Roll Tech
| Investor Category | Shares Offered |
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net issue |
Promoters of Deem Roll Tech IPO
Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya are the promoters of the company.
Promoter Holdings of Deem Roll Tech IPO
| Shareholding Pre-Issue | 92.18% |
| Shareholding Post-Issue | 67.12% |
Key Performance Indicator of Deem Roll Tech IPO
The market capitalisation of Deem Roll Tech IPO is Rs 107.55 Crore.
| KPI | Values |
| ROE | 16.83% |
| ROCE | 20.26% |
| Debt/Equity | 0.47 |
| RoNW | 20.31% |
| P/BV | 0.4 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.4 | 8.92 |
| P/E (x) | 11.31 | 14.46 |
Lead Manager(s) of Deem Roll Tech IPO
The lead manager for Deem Roll Tech IPO is Fedex Securities Pvt Ltd.
How to Apply for Deem Roll Tech IPO
Wait for the public issue to open for subscription, then click here to apply for the Deem Roll Tech IPO with Bigul.
How to Check Allotment Status of Deem Roll Tech IPO
The registrar for Deem Roll Tech IPO is Bigshare Services Pvt Ltd. To check your allotment status, please click here.
FAQs
- When will the Deem Roll Tech IPO open and close for subscription?
The IPO is set to open on February 20, 2024, and will close on February 22, 2024.
- What is the price of each share in the Deem Roll Tech IPO?
Each share is priced at Rs 129.
- What is the minimum number of shares that investors can apply for in the Deem Roll Tech IPO?
Investors can apply for a minimum of 1000 shares.
- How can retail investors and HNIs invest in the Deem Roll Tech IPO?
Retail investors can apply for a minimum of 1 lot (1000 shares) for Rs 129,000, while HNIs can apply for a minimum of 2 lots (2000 shares) for Rs 258,000.
- Who are the lead managers and the registrar of the Deem Roll Tech IPO?
Fedex Securities Pvt Ltd is the lead manager, and Bigshare Services Pvt Ltd is the registrar for the IPO.
- What are the main objectives of raising funds through the Deem Roll Tech IPO?
The funds are intended for the expansion of the manufacturing facility in Mehsana, Gujarat, India, covering working capital requirements and other general corporate purposes.
- What was Deem Roll Tech Limited’s financial performance in the recent fiscal years?
From FY ending March 31, 2022, to March 31, 2023, the company’s revenue increased by 13.42%, and its profit after tax (PAT) rose by 68.88%.
- Who are the promoters of Deem Roll Tech Limited, and what will their post-IPO shareholding be?
Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya are the promoters. Post-IPO, their shareholding will be 67.12%.
- How can I apply for the Deem Roll Tech IPO and check the allotment status?
The registrar for Deem Roll Tech IPO is Bigshare Services Pvt Ltd. To check your allotment status, please click here.
- How to apply for Deem Roll Tech IPO
Wait for the public issue to open for subscription, then click here to apply for the Deem Roll Tech IPO with Bigul.