Fixed Price IPO | ₹29 Cr | Listed at NSE SME | Tue, Feb 20, 2024 - Thu, Feb 22, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Feb 20, 2024
IPO Close
Thu, Feb 22, 2024
Issue Price
₹129 per share
Market Cap (Pre-IPO)
₹107.55 Cr
| IPO Date | 20 to 22 Feb, 2024 |
| Listed on | Tue, Feb 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹129 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,68,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 1,14,000 shares SS Corporate Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 21,54,000 shares (agg. up to ₹28 Cr) |
| Net Offered to Public | 21,54,000 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 60,69,272 shares |
| Share Holding Post Issue | 83,37,272 shares |
| NSE Symbol | DEEM |
| ISIN | INE586O01011 |
Deem Roll Tech IPO comprises a total issue size of 22,68,000 shares. The net offer to the public is 21,54,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,77,000 (50.00%) allocated to NII 10,77,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,77,000 | 50.00% | 47.49% |
| Retail Shares Offered | 10,77,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.03% | |
| Total Shares Offered | 22,68,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 98.26 | 92.51 | 82.63 | 78.99 |
| Total Income | 50.28 | 104.49 | 92.12 | 64.62 |
| Profit After Tax | 3.72 | 6.92 | 4.10 | 2.98 |
| NET Worth | 37.80 | 34.08 | 27.16 | 23.06 |
| Reserves and Surplus | 42.46 | 43.19 | 36.27 | 32.18 |
| Total Borrowing | 20.62 | 20.81 | 16.37 | 18.02 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards expansion of the existing manufacturing facility at Plot No. 110/1,110/2, New Survey No. 202, Village Ganeshpura, Mehsana, Gujarat, India (“Manufacturing Unit 2”) | 20.00 |
| 2 | Funding the Working Capital Requirements | 3.50 |
| 3 | General corporate purposes | 0.78 |
| KPI | |
|---|---|
| ROE | 16.83% |
| ROCE | 20.26% |
| Debt/Equity | 0.47 |
| RoNW | 20.31% |
| PAT Margin | 6.69% |
| Price to Book Value | 2.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.40 | 8.92 |
| P/E (x) | 11.31 | 14.46 |
| Promoter Holding | 92.18% | 67.12% |
| Market Cap | ₹107.55 Cr. |
The Deem Roll Tech IPO is subscribed 256.55 times on February 22, 2024 6:21:00 PM (Day 3). The public issue subscribed 180.5 times in the retail category, [.] times in the QIB category, and 311.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 311.95 | 10,77,000 | 33,59,68,000 |
| Retail | 180.5 | 10,77,000 | 19,44,03,000 |
| Total | 256.55 | 21,54,000 | 55,26,08,000 |
Total Application : 1,94,403
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.22 |
| 2 | Fees payable to Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees | 0.40 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal and other services | 0.03 |
| 5 | Regulators including stock exchanges | 0.10 |
| 6 | Others, if any (Market making, Other Intermediary fees, consultant fees, underwriting expenses, depositories, marketing fees etc.) | 4.23 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹129.00 |
| Open | ₹200.00 |
| Low | ₹190.00 |
| High | ₹210.00 |
| Last Trade | ₹209.70 |
Lead Manager Reports
Deem Roll Tech IPO is a SME IPO of 22,68,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹129 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Feb 20, 2024, and closes on Thu, Feb 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 Tue, Feb 20, 2024 and closes on Thu, Feb 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 Mon, Feb 26, 2024. Check the Deem Roll Tech IPO allotment status.
The Deem Roll Tech IPO listing date is on Tue, Feb 27, 2024.
