Deem Roll Tech Limited IPO Detail
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.
Company Promoters
Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.IPO Details
| IPO Opening Date | Feb 20, 2024 |
| IPO Closing Date | Feb 22, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹129 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹29.26 Cr |
| Fresh Issue | ₹29.26 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 1.06x | 3.50x | 2.29x |
| Day 2 | 0.00x | 0.00x | 0.00x | 3.04x | 12.98x | 8.02x |
| Day 3 | 0.00x | 0.00x | 0.00x | 311.95x | 180.50x | 256.55x |
IPO Tentative Timetable
The Deem Roll Tech Limited IPO open date is Feb 20, 2024, and the close date is Feb 22, 2024. The issue may list on Feb 27, 2024.
| IPO Open Date | Feb 20, 2024 |
| IPO Close Date | Feb 22, 2024 |
| Basis of Allotment Date | Feb 23, 2024 |
| Initiation of Refunds | Feb 26, 2024 |
| Credit of Shares to Demat Account | Feb 26, 2024 |
| IPO Listing Date | Feb 27, 2024 |
IPO Lot Size
The Deem Roll Tech Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹129000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹129000 |
| Maximum | 1 | 1000 | ₹129000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.18% |
| Post Issue Share Holding | 67.12% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 7898.93 | 6461.96 | 298.24 |
| 31-Mar-22 | 8263.02 | 9212.12 | 409.78 |
| 31-Mar-23 | 9251.44 | 10448.57 | 692.05 |
| 30-Sep-23 | 9825.85 | 5027.55 | 371.83 |
Objects of the Issue:
The company intends to utilize the proceeds from the Fresh Issue for the following Objects:-
- Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India;
- Funding its Working Capital Requirements; and
- General Corporate Purpose
Deem Roll Tech Limited IPO Registrar:
Bigshare Services Pvt Ltd
Deem Roll Tech Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Deem Roll Tech Limited
Survey No.110/1, P-1,110/2
Ganeshpura
Ta: Kadi Mahesana-382729
