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Rosmerta Digital Services IPO is a book built issue of Rs 206.33 crores. The issue is entirely a fresh issue of 140.36 lakh shares.
Rosmerta Digital Services IPO opens for subscription on November 18, 2024 and closes on November 21, 2024. The allotment for the Rosmerta Digital Services IPO is expected to be finalized on Friday, November 22, 2024. Rosmerta Digital Services IPO will list on BSE SME with tentative listing date fixed as Tuesday, November 26, 2024.
Rosmerta Digital Services IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.
Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the book running lead managers of the Rosmerta Digital Services IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rosmerta Digital Services IPO is Spread X Securities.
Refer to Rosmerta Digital Services IPO RHP for detailed information.
| IPO Date | November 18, 2024 to November 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹140 to ₹147 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 14,036,000 shares (aggregating up to ₹206.33 Cr) |
| Fresh Issue | 14,036,000 shares (aggregating up to ₹206.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 39,050,000 |
| Share holding post issue | 53,086,000 |
| Market Maker portion | 703,000 shares Spread X Securities |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Rosmerta Digital Services IPO raises Rs 58.77 crore from anchor investors. Rosmerta Digital Services IPO Anchor bid date is November 14, 2024.
| Bid Date | November 14, 2024 |
| Shares Offered | 3,998,000 |
| Anchor Portion Size (In Cr.) | 58.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 20, 2025 |
Rosmerta Digital Services IPO opens on November 18, 2024, and closes on November 21, 2024.
| IPO Open Date | Monday, November 18, 2024 |
| IPO Close Date | Thursday, November 21, 2024 |
| Basis of Allotment | Friday, November 22, 2024 |
| Initiation of Refunds | Monday, November 25, 2024 |
| Credit of Shares to Demat | Monday, November 25, 2024 |
| Listing Date | Tuesday, November 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 21, 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 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
| Lot Size Calculator | |||
M/s Rosmerta Technologies Limited, M/s Shree Bankey Bihari Family Trust, Mr. Karn Vivek Nagpal, Mr. Kartick Vivek Nagpal are the company's promoters.
| Share Holding Pre Issue | 89.74% |
| Share Holding Post Issue | 66.02% |
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was established in 2021 and provides digitally-enabled services and digitally-enabled distribution channels for automotive components and accessories.
The company initially offered vehicle registration services to original equipment manufacturers (OEMs) and has since diversified into a comprehensive service offering including garage services, last-mile delivery services, and the sale of automotive components and accessories.
Rosmerta Digital Services has two main business areas:
Competitive strength:
As of September 30, 2024, the company had a total of 505 employees.
Rosmerta Digital Services Limited's revenue increased by 183% and profit after tax (PAT) rose by 553% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 10,013.07 | 3,744.53 | 1,932.43 | 557.14 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,253.57 | 8,419.07 | 2,978.91 | 202.7 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,483.72 | 1,056.52 | 161.87 | -3.01 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 7,099.34 | 1,221.32 | 159.16 | -2.01 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 6,318.34 | 1,220.32 | 158.16 | -3.01 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,499.01 | 1,318.28 | 439.21 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Rosmerta Digital Services IPO is Rs 780.36 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 0.36% |
| ROCE | 0.28% |
| RoNW | 20.72% |
| P/BV | 8.09 |
| PAT Margin (%) | 16.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.71 | 5.59 |
| P/E (x) | 54.33 | 26.3 |
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
Rosmerta Digital Services Limited
402, 4th Floor, World Trade Tower,
Barakhamba Lane,
Connaught Place - 110001
Phone: +91-92894 80509
Email: cs@rosmertadigital.com
Website: http://www.rosmertadigital.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rosmerta.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Rosmerta Digital Services IPO is a SME IPO of 14,036,000 equity shares of the face value of ₹2 aggregating up to ₹206.33 Crores. The issue is priced at ₹140 to ₹147 per share. The minimum order quantity is 1000 Shares.
The IPO opens on November 18, 2024, and closes on November 21, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Rosmerta Digital Services IPO using UPI as a payment gateway. Zerodha customers can apply in Rosmerta Digital Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rosmerta Digital Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rosmerta Digital Services IPO opens on November 18, 2024 and closes on November 21, 2024.
Rosmerta Digital Services IPO lot size is 1000 Shares, and the minimum amount required is ₹147,000.
You can apply in Rosmerta Digital Services 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 Rosmerta Digital Services IPO will be done on Friday, November 22, 2024, and the allotted shares will be credited to your demat account by Monday, November 25, 2024. Check the Rosmerta Digital Services IPO allotment status.
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