Deem Roll Tech Limited IPO
NSE SMEListed On: Feb 27, 2024 at ₹ 200.0
₹ 258000 /2000 Shares
*Min Investment
20 Feb, 2024
Open Date22 Feb, 2024
Close Date23 Feb, 2024
Allotment Date27 Feb, 2024
Listing DateDeem Roll Tech Limited IPO Issue Details
- Issue Price ₹129 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 22,68,000 shares(aggregating up to ₹29.26 crore)
- Fresh Share 22,68,000 shares(aggregating up to ₹29.26 crore)
- Listing at NSE SME
- List Price 200.0
- Listing Date 2024-02-27
- Lead Manager Fedex Securities Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following 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 | ₹1,29,000 |
| Retail(max) | 1 | 1000 | ₹1,29,000 |
| NII (min) | 2 | 2,000 | ₹2,58,000 |
Deem Roll Tech Limited IPO Reservation
Deem Roll Tech Limited IPO offers total 2,268,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,077,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 114,000 (5.03%) | |
| Retail Shares Offered | 1,077,000 (47.49%) | |
| Total Shares Offered | 2,268,000 (100%) |
Deem Roll Tech Limited IPO Details
Deem Roll Tech Limited IPO is an SME IPO, priced at ₹129 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 22,68,000 equity shares, aggregating up to ₹29.26 crores..
The IPO bidding window is open from Feb 20, 2024 to Feb 22, 2024. The allotment is expected to be finalized on Feb 23, 2024, and the tentative listing date is Feb 27, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,29,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,58,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Ss Corporate Securities Limited will act as the market maker for this issue.
Deem Roll Tech Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,077,000 | 1,077,000 | 2,154,000 |
Day 1 20-02-24 06:00 PM | 1.06 x | 3.50 x | 2.29 x |
Day 2 21-02-24 06:00 PM | 3.04 x | 12.98 x | 8.02 x |
Day 3 22-02-24 06:00 PM | 311.94 x | 179.46 x | 245.70 x |
Deem Roll Tech Limited Valuations
Deem Roll Tech Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 9,251.44 | 8,263.02 | 7,898.93 |
| Revenue | 10,448.57 | 9,212.12 | 6,461.96 |
| Profit After Tax | 692.05 | 409.78 | 298.24 |
| Net Worth | 3,408.19 | 2,716.16 | 2,306.35 |
| Reserves & Surplus | 4,319.43 | 3,627.38 | 3,217.60 |
| Total Borrowing | 2,080.88 | 1,636.65 | 1,802.25 |
About Deem Roll Tech Limited Company
Deem Roll Tech Limited incorporated in May 2003 deals with the manufacturing of steel and alloy rolls, which exports to more than 10 countries; the list also includes the USA, Germany, Europe, Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. The company so far has managed to serve around 340 local customers and export customers are nearly 30 at September 30, 2023.
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. Manufacturing unit comprises of several sections like engineering & design, Mould making, melting casting, machining dispatch, machining and dispatch all of which are supported by related quality testing and assurance equipment.
The company manufactures over 7 types of Rolls as of March 31, 2023.
During the six months ended September 30, 2023, and for the years ending March 31, 2021, March 31, 2022, and March 31, 2023, the company has earned ₹6,379.49 lacs, ₹9,170.45 lacs, ₹10,337.12 lacs, and ₹5,007.78 lacs, respectively. This indicates a compound annual growth rate of 27.30%.
As of December 31, 2023, the employee strength of the company is 275.
Deem Roll Tech Limited - Promoter(s)
Jyoti Prasad Bhattacharya
Dev Jyotiprasad Bhattacharya
Pre Issue Share Holding : 92.18%
Post Issue Share Holding : 67.12%
Deem Roll Tech Limited IPO - Issue Objectives
Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India
Funding its Working Capital Requirements
General Corporate Purpose
Deem Roll Tech Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Deem Roll Tech Limited | 11.86 | 11.86 | 58.39 | 11.31 | 15.52 | 2.21 | N/A |
| Tayo Rolls Ltd. | -3.36 | -3.36 | -471.86 | -28.43 | N/A | N/A | Standalone |
Notes:
- Net Asset Value per Equity Share After Bonus Issue is 58.39 as of March 31, 2023.
- Tayo Rolls Limited is under the IRP process with no business operations.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
- Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
Contact Details
Deem Roll Tech Limited
Survey No.110/1, P-1,110/2, Ganeshpura, Ta: Kadi Mahesana-382729
+91 9925196196
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Deem Roll Tech Limited IPO - FAQs
Ans. Deem Roll Tech Limited IPO is a SME IPO. The issue is priced at ₹129 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Feb 20, 2024, and closes on Feb 22, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Deem Roll Tech Limited IPO opens on Feb 20, 2024 and closes on Feb 22, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Deem Roll Tech Limited IPO is 2,268,000 shares(aggregating up to ₹29.26 Cr).
Ans. The Deem Roll Tech Limited IPO price band is set between ₹129 per equity share.
Ans. To apply for Deem Roll Tech Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Deem Roll Tech Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Deem Roll Tech Limited IPO is Feb 23, 2024.
Ans. The Deem Roll Tech Limited IPO will be listed on Feb 27, 2024.
Ans. Follow the steps to check the Deem Roll Tech Limited IPO allotment status online.
