Deem Roll Tech Limited IPO
- IPO Date20 Feb, 2024 to 22 Feb, 2024
- Listing Date27 Feb, 2024
- Face Value₹10 per share
- Issue Price₹129 to ₹129 per share
- Lot Size1000 Shares
- Minimum Investment₹1,29,000
- Listing AtNSE SME
- Total Issue Size22,68,000 Shares
(aggregating up to ₹29.26 Cr) - Fresh Issue22,67,999 Shares
(aggregating up to ₹29.26 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue60,69,272
- Shareholding post issue83,37,272
IPO Dates
Closing Date
22 Feb, 2024
Initiation of Refunds
26 Feb, 2024
Listing Date
27 Feb, 2024
20 Feb, 2024
Opening Date
23 Feb, 2024
Basis of Allotment
26 Feb, 2024
Credit of Shares
Deem Roll Tech Limited Lot Size
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 | ₹1,29,000 |
| HNI (Min) | 2 | 2000 | ₹2,58,000 |
| Retail (Max) | 1 | 1000 | ₹1,29,000 |
Deem Roll Tech Limited Promoter Holding
The promoters of the company are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 92.18% | 67.12% |
Deem Roll Tech Limited COMPANY INFORMATION
Deem Roll Tech IPO is a fixed price issue of Rs 29.26 crores. The issue is entirely a fresh issue of 22.68 lakh shares. Deem Roll Tech IPO bidding started from February 20, 2024 and ended on February 22, 2024. The allotment for Deem Roll Tech IPO was finalized on Friday, February 23, 2024. Deem Roll Tech IPO will list on NSE SME with tentative listing date fixed as Tuesday, February 27, 2024. Deem Roll Tech IPO price is ₹129 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹129,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹258,000. Fedex Securities Pvt Ltd is the book running lead manager of the Deem Roll Tech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Deem Roll Tech IPO is Ss Corporate Securities. Refer to Deem Roll Tech IPO RHP for detailed information.
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.
FAQs About Deem Roll Tech Limited Ipo
Deem Roll Tech Limited IPO will open on 20 Feb, 2024 and close on 22 Feb, 2024. Investors must apply within this period to participate.
The Deem Roll Tech Limited IPO price band is set between ₹129.00 and ₹129.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹129000.00.
The Deem Roll Tech Limited IPO shares are expected to be listed on 27 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Deem Roll Tech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Deem Roll Tech Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.