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Deem Roll Tech IPO is a fixed price issue of Rs 29.26 crores. The issue is entirely a fresh issue of 22.68 lakh shares.
Deem Roll Tech IPO bidding started from February 20, 2024 and ended on February 22, 2024. The allotment for Deem Roll Tech IPO was finalized on Friday, February 23, 2024. The shares got listed on NSE SME on February 27, 2024.
Deem Roll Tech IPO price is ₹129 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹129,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹258,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Deem Roll Tech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Deem Roll Tech IPO is Ss Corporate Securities.
Refer to Deem Roll Tech IPO RHP for detailed information.
| IPO Date | February 20, 2024 to February 22, 2024 |
| Listing Date | February 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹129 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,268,000 shares (aggregating up to ₹29.26 Cr) |
| Fresh Issue | 2,268,000 shares (aggregating up to ₹29.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,069,272 |
| Share holding post issue | 8,337,272 |
| Market Maker portion | 114,000 shares Ss Corporate Securities |
Deem Roll Tech IPO offers 2,268,000 shares. 1,077,000 (47.49%) to NII, 1,077,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 114,000 (5.03%) |
| Other Shares Offered | 1,077,000 (47.49%) |
| Retail Shares Offered | 1,077,000 (47.49%) |
| Total Shares Offered | 2,268,000 (100%) |
Deem Roll Tech IPO opens on February 20, 2024, and closes on February 22, 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 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹129,000 |
| Retail (Max) | 1 | 1000 | ₹129,000 |
| HNI (Min) | 2 | 2,000 | ₹258,000 |
| Lot Size Calculator | |||
The promoters of the company are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.
| Share Holding Pre Issue | 92.18% |
| Share Holding Post Issue | 67.12% |
Incorporated in May 2003, Deem Roll Tech Limited manufactures steel and alloy rolls that are exported to more than 10 countries, including the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. As of September 30, 2023, the company has served over 340 domestic customers and 30 export customers.
The company has three manufacturing Units one of which is located in Mehsana, Gujarat, the second unit is located in Dadpur, Hoogly, West Bengal and the third unit is located in Ahmedabad,Gujrat. The manufacturing unit comprises several sections, including engineering & design, mould making, melting, casting, machining, and dispatch, all of which are supported by related quality testing and assurance equipment.
As of March 31, 2023, the company manufactures more than 7 kinds of Rolls.
The revenue from operations for the six-month period ending on September 30, 2023, and for the fiscal years 2021, 2022, and 2023 were ₹6,379.49 lakhs, ₹9,170.45 lakhs, ₹10,337.12 lakhs, and ₹5,007.78 lakhs, respectively. This represents a compound annual growth rate (CAGR) of 27.30%.
As of December 31, 2023, the company has 275 employees.
Deem Roll Tech Limited's revenue increased by 13.42% and profit after tax (PAT) rose by 68.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Deem Roll Tech IPO is Rs 107.55 Cr.
| KPI | Values |
|---|---|
| ROE | 16.83% |
| ROCE | 20.26% |
| Debt/Equity | 0.47 |
| RoNW | 20.31% |
| P/BV | 2.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.4 | 8.92 |
| P/E (x) | 11.31 | 14.46 |
The company intends to utilize the proceeds from the Fresh Issue for the following Objects:-
[Dilip Davda] The company is in the manufacturing of high-quality of steel and alloy rolls that will generate high demand considering push for the infra development and expansion in steel manufacturing. Thus the company is poised for bright prospects ahead. Based on its FY24 annualized earnings, the issue appears fully priced. Small equity base post IPO indicates longer gestation period for migration to the mainboard. Investors may park moderate funds for the medium to long term rewards. Read detail review...
The Deem Roll Tech IPO is subscribed 256.55 times on February 22, 2024 6:21:00 PM. The public issue subscribed 180.50 times in the retail category, times in the QIB category, and 311.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 311.95 |
| Retail | 180.50 |
| Total | 256.55 |
Total Application : 194,403 (180.50 times)
| Listing Date | February 27, 2024 |
| BSE Script Code | |
| NSE Symbol | DEEM |
| ISIN | INE586O01011 |
| Final Issue Price | ₹129 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹129.00 |
| ₹200.00 |
| ₹190.00 |
| ₹210.00 |
| ₹209.70 |
Deem Roll Tech Limited
Survey No.110/1, P-1,110/2
Ganeshpura
Ta: Kadi Mahesana-382729
Phone: +91 9925196196
Email: accounts@deemrolls.com
Website: http://www.deemrolls.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Deem Roll Tech IPO is a SME IPO of 2,268,000 equity shares of the face value of ₹10 aggregating up to ₹29.26 Crores. The issue is priced at ₹129 per share. The minimum order quantity is 1000 Shares.
The IPO opens on February 20, 2024, and closes on February 22, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Deem Roll Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Deem Roll Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deem Roll Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deem Roll Tech IPO opens on February 20, 2024 and closes on February 22, 2024.
Deem Roll Tech IPO lot size is 1000 Shares, and the minimum amount required is ₹129,000.
You can apply in Deem Roll Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Deem Roll Tech IPO will be done on Friday, February 23, 2024, and the allotted shares will be credited to your demat account by Monday, February 26, 2024. Check the Deem Roll Tech IPO allotment status.
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