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Deem Roll Tech IPO is a fixed price issue of ₹29.26 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹29.26 crore.
Deem Roll Tech IPO bidding started from Feb 20, 2024 and ended on Feb 22, 2024. The allotment for Deem Roll Tech IPO was finalized on Feb 23, 2024. The shares got listed on NSE SME on Feb 27, 2024.
Deem Roll Tech IPO price is ₹129.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,29,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,58,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is SS Corporate Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹129 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,68,000 shares (aggregating up to ₹29.26 Cr) |
| Reserved for Market Maker | 1,14,000 shares SS Corporate Securities Ltd. (aggregating up to ₹1.47 Cr) |
| Net Offered to Public | 21,54,000 shares (aggregating up to ₹27.79 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 60,69,272 shares |
| Share Holding Post Issue | 83,37,272 shares |
Deem Roll Tech IPO offers total 22,68,000 shares. Out of which 10,77,000 (47.49%) allocated to NII, 10,77,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,14,000 (5.03%) |
| NII (HNI) Shares Offered | 10,77,000 (47.49%) |
| Retail Shares Offered | 10,77,000 (47.49%) |
| Total Shares Offered | 22,68,000 (100.00%) |
Deem Roll Tech IPO opens on February 20, 2024, and closes on February 22, 2024.
| IPO Open Date | Tue, Feb 20, 2024 |
| IPO Close Date | Thu, Feb 22, 2024 |
| Tentative Allotment | Fri, Feb 23, 2024 |
| Initiation of Refunds | Mon, Feb 26, 2024 |
| Credit of Shares to Demat | Mon, Feb 26, 2024 |
| Tentative Listing Date | Tue, Feb 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 22, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,29,000 |
| Retail (Max) | 1 | 1,000 | ₹1,29,000 |
| HNI (Min) | 2 | 2,000 | ₹2,58,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹107.55 Cr.
| KPI | Values |
|---|---|
| ROE | 16.83% |
| ROCE | 20.26% |
| Debt/Equity | 0.47 |
| RoNW | 20.31% |
| Price to Book Value | 2.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.40 | 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...
| Listing Date | February 27, 2024 |
| BSE Script Code | |
| NSE Symbol | DEEM |
| ISIN | INE586O01011 |
| Final Issue Price | ₹129 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹129.00 |
| Open | ₹200.00 |
| Low | ₹190.00 |
| High | ₹210.00 |
| Last Trade | ₹209.70 |
Deem Roll Tech Ltd.
Survey No.110/1, P-1,110/2
Ganeshpura
Ta: Kadi
Mehsana, Gujarat, 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
Deem Roll Tech IPO is a SME IPO of 22,68,000 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.
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, and the minimum amount required for application is ₹1,29,000.
You can apply in Deem Roll Tech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Deem Roll Tech IPO listing date is on Tuesday, February 27, 2024.
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