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DMR SME IPO is a fixed price issue of Rs 2.09 crores. The issue is a combination of fresh issue of 7.98 lakh shares aggregating to Rs 1.68 crores and offer for sale of 1.98 lakh shares aggregating to Rs 0.42 crores.
DMR SME IPO bidding started from November 24, 2021 and ended on November 29, 2021. The allotment for DMR SME IPO was finalized on Thursday, December 2, 2021. The shares got listed on BSE SME on December 7, 2021.
DMR SME IPO price is ₹21 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹126,000.
Shreni Shares Limited is the book running lead manager of the DMR SME IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to DMR SME IPO RHP for detailed information.
| IPO Date | November 24, 2021 to November 29, 2021 |
| Listing Date | December 7, 2021 |
| Face Value | ₹10 per share |
| Price | ₹21 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 996,000 shares (aggregating up to ₹2.09 Cr) |
| Fresh Issue | 798,000 shares (aggregating up to ₹1.68 Cr) |
| Offer for Sale | 198,000 shares of ₹10 (aggregating up to ₹0.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,928,200 |
| Share holding post issue | 3,726,200 |
| Market Maker portion | 54,000 shares |
DMR SME IPO offers 996,000 shares. 468,000 (46.99%) to NII, 474,000 (47.59%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 54,000 (5.42%) |
| Other Shares Offered | 468,000 (46.99%) |
| Retail Shares Offered | 474,000 (47.59%) |
| Total Shares Offered | 996,000 (100%) |
DMR SME IPO opens on November 24, 2021, and closes on November 29, 2021.
| IPO Open Date | Wednesday, November 24, 2021 |
| IPO Close Date | Monday, November 29, 2021 |
| Basis of Allotment | Thursday, December 2, 2021 |
| Initiation of Refunds | Friday, December 3, 2021 |
| Credit of Shares to Demat | Friday, December 3, 2021 |
| Listing Date | Tuesday, December 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 29, 2021 |
Investors can bid for a minimum of 6000 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 | 6000 | ₹126,000 |
| Retail (Max) | 1 | 6000 | ₹126,000 |
| Lot Size Calculator | |||
Subhash Chander Mittal & Neelam Mittal are the company promoters.
| Share Holding Pre Issue | 98.97% |
| Share Holding Post Issue | 72.46% |
DMR is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels. The services offered by the company include the entire life cycle of projects covering design & engineering, due diligence & regulatory, bid management & construction engineering, and quality & inspection. Other serving sectors of the company are renewables, water resources, mining, and urban infrastructure.
The company has a presence across 11 states in India. Internationally the company provides services to over 5 countries including Nepal, Nigeria, Dubai, Germany, and Senegal.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 33.80 | 33.76 | 29.74 | 23.65 | |
| Total Revenue | 6.91 | 24.44 | 24.48 | 16.09 | |
| Profit After Tax | 2.03 | 6.05 | 5.15 | 3.02 | |
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. There are many big players as well. Margins reported by it from FY20 till now raise the concern of sustainability going forward. Based on IPO expenses, this issue is fully structured with funding arrangements. Though the issue appears lucratively priced based on its super earnings, considering its minuscule performance and concern for the sustainability of margins going forward, there is no harm in ignoring this issue. There is some mismatch in the Basis for the offer price data. Read detail review...
The DMR SME IPO is subscribed 11.43 times on November 29, 2021 7:47:00 PM. The public issue subscribed 14.29 times in the retail category, times in the QIB category, and 8.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 8.53 |
| Retail | 14.29 |
| Total | 11.43 |
| Listing Date | December 7, 2021 |
| BSE Script Code | 543410 |
| NSE Symbol | |
| ISIN | INE07L501010 |
| Final Issue Price | ₹21 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹21.00 |
| ₹25.00 |
| ₹24.05 |
| ₹26.25 |
| ₹26.25 |
DMR Hydroengineering & Infrastructures Limited
H. No.- 473, sector-30,
Faridabad 121 003,
Haryana
Phone: +91 1294360445
Email: investors@dmrengineering.net
Website: https://www.dmrengineering.net/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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DMR SME IPO is a SME IPO of 996,000 equity shares of the face value of ₹10 aggregating up to ₹2.09 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000 Shares.
The IPO opens on November 24, 2021, and closes on November 29, 2021.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in DMR SME IPO using UPI as a payment gateway. Zerodha customers can apply in DMR SME IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DMR SME IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DMR SME IPO opens on November 24, 2021 and closes on November 29, 2021.
DMR SME IPO lot size is 6000 Shares, and the minimum amount required is ₹126,000.
You can apply in DMR SME 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 DMR SME IPO will be done on Thursday, December 2, 2021, and the allotted shares will be credited to your demat account by Friday, December 3, 2021. Check the DMR SME IPO allotment status.
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