Rosmerta Digital Services IPO
- IPO Date18 Nov, 2024 to 21 Nov, 2024
- Listing Date26 Nov, 2024
- Face Value₹2 per share
- Issue Price₹140 to ₹147 per share
- Lot Size1000 Shares
- Minimum Investment₹1,47,000
- Listing AtBSE SME
- Total Issue Size1,40,36,000 Shares
(aggregating up to ₹206.33 Cr) - Fresh Issue1,40,36,000 Shares
(aggregating up to ₹206.33 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue3,90,50,000
- Shareholding post issue5,30,86,000
IPO Dates
Closing Date
21 Nov, 2024
Initiation of Refunds
25 Nov, 2024
Listing Date
26 Nov, 2024
18 Nov, 2024
Opening Date
22 Nov, 2024
Basis of Allotment
25 Nov, 2024
Credit of Shares
Rosmerta Digital Services 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 | ₹1,47,000 |
| Retail (Max) | 1 | 1000 | ₹1,47,000 |
| HNI (Min) | 2 | 2000 | ₹2,94,000 |
Rosmerta Digital Services Promoter Holding
M/s Rosmerta Technologies Limited, M/s Shree Bankey Bihari Family Trust, Mr. Karn Vivek Nagpal, Mr. Kartick Vivek Nagpal are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 89.74% | 66.02% |
Rosmerta Digital Services COMPANY INFORMATION
Rosmerta Digital Services IPO is a book built issue of Rs 206.33 crores. The issue is entirely a fresh issue of 140.36 lakh shares. Rosmerta Digital Services IPO opens for subscription on November 18, 2024 and closes on November 21, 2024. The allotment for the Rosmerta Digital Services IPO is expected to be finalized on Friday, November 22, 2024. Rosmerta Digital Services IPO will list on BSE SME with tentative listing date fixed as Tuesday, November 26, 2024. Rosmerta Digital Services IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000. Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the book running lead managers of the Rosmerta Digital Services IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rosmerta Digital Services IPO is Spread X Securities. Refer to Rosmerta Digital Services IPO RHP for detailed information.
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was established in 2021 and provides digitally-enabled services and digitally-enabled distribution channels for automotive components and accessories.
The company initially offered vehicle registration services to original equipment manufacturers (OEMs) and has since diversified into a comprehensive service offering including garage services, last-mile delivery services, and the sale of automotive components and accessories.
Rosmerta Digital Services has two main business areas:
- Digitally Enabled Services: Here the company offers technology-enabled vehicle registrations, last-mile delivery, and garage services, simplifying processes for OEMs and vehicle sales companies such as Cars24. The company's URJA platform streamlines workflows, while services include title transfers, regulatory approvals, and last-mile High Security Registration Plate (HSRP) delivery.
- Digital Enabled Channel Sales: In 2023, the company expanded into automotive components with over 150 distribution partners, ensuring efficient distribution. The company is a leader in the registration of electric two-wheelers and works with OLA Electric and Royal Enfield. The company's URJA platform streamlines workflows and the MyRaasta app supports garage partners and reinforces Rosmerta Digital’s reputation for efficiency and customer satisfaction.
Competitive strength:
- Early entry into digital registration services
- Technology including URJA software, My Raasta software, and mobile application
- Agreements with OEMs
- Pan India Presence
- Domain Knowledge
As of September 30, 2024, the company had a total of 505 employees.
Rosmerta Digital Services (RDSL) IPO
IPO Overview and Key Highlights
Rosmerta Digital Services (RDSL), a digital technology service provider, is launching its Initial Public Offering (IPO) consisting of up to 1,40,36,000 equity shares with a face value of Rs 2 each. This IPO is a 100% fresh issue, with no Offer for Sale (OFS). The proceeds from the issue will be utilized for business expansion, working capital, and other corporate purposes. The shares will be listed on the SME Platform of BSE (BSE SME)?.
Key IPO Details
- Type of Issue: 100% Book Built
- Total Issue Size: 1,40,36,000 Equity Shares
- Face Value: Rs 2 per share
- Price Band: Rs 140 - Rs 147 per share
- Listing Exchange: BSE SME
- Issue Opens: November 18, 2024
- Issue Closes: November 21, 2024?.
Company Overview
Incorporated in 2021, Rosmerta Digital Services Limited provides innovative technology-driven solutions across various industries. The company specializes in digital governance, data management, and secure transaction systems. RDSL is backed by experienced promoters, including Rosmerta Technologies Limited, and operates from its registered office in Delhi and corporate office in Gurgaon?.
Financial Overview
RDSL has demonstrated robust financial performance with a focus on technology-driven solutions. The IPO proceeds aim to further enhance the company’s capabilities and fuel its growth initiatives.
Key Strengths of Rosmerta Digital Services Limited
- Experienced Promoters: RDSL benefits from the leadership and expertise of its promoters, who have extensive experience in technology and governance.
- Strong Market Presence: The company has established a reputation for delivering reliable and secure digital services.
- Growth Potential: With increasing demand for digital governance and secure transaction systems, RDSL is well-positioned for expansion?.
IPO Pros and Cons
Pros
- Growing Digital Market: The surge in demand for digital governance and data security services provides a favorable growth environment for RDSL.
- Technology-Driven: The company’s emphasis on innovative technology solutions strengthens its competitive edge.
- Use of Proceeds: The fresh issue proceeds will directly support expansion and working capital needs?.
Cons
- Market Risks: RDSL operates in a competitive market with potential risks from evolving technologies and new entrants.
- Dependence on Key Clients: Any change in relationships with key clients may impact revenues.
- First Public Issue: As this is RDSL’s first IPO, there is uncertainty regarding the stock’s post-listing performance?.
Risk Factors
Investors should evaluate the following risks:
- Regulatory Changes: Any modifications in digital governance policies or regulations could affect operations.
- Economic Sensitivity: Economic downturns may impact demand for RDSL’s services.
- Technology Evolution: Rapid changes in technology may require significant investments to stay competitive?.
Conclusion
The Rosmerta Digital Services Limited IPO provides an opportunity for investors seeking exposure to the growing digital technology sector. With experienced promoters, a strong market presence, and a focus on innovation, RDSL is positioned for sustained growth. However, potential investors should carefully consider risks, including competition, dependency on key clients, and technology evolution, before investing.
FAQs About Rosmerta Digital Services Ipo
Rosmerta Digital Services IPO will open on 18 Nov, 2024 and close on 21 Nov, 2024. Investors must apply within this period to participate.
The Rosmerta Digital Services IPO price band is set between ₹140.00 and ₹147.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹147000.00.
The Rosmerta Digital Services IPO shares are expected to be listed on 26 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your Rosmerta Digital Services IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rosmerta Digital Services IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.