Deem Roll-Tech Limited

20 Feb 2024 - 22 Feb 2024 Individual Category SME IPO NSE

Min Investment

₹258000

Price Band

₹129

Issue Size

22.68 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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20 Feb 2024

Open Date

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22 Feb 2024

Close Date

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23 Feb 2024

Allotment Date

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27 Feb 2024

Listing Date

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.

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About Deem Roll-tech Limited

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.

Founded

2003

Managing Director

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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