The Deem Roll Tech date has been confirmed from February 20, 2024 and closes on February 22, 2024.
Deem Roll Tech Developers IPO is a fixed price issue of Rs 29.26 crores. The 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.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
Feb 20-22
Price Range
₹129 per share
Face Value
₹10 per share
GMP
₹78
Deem Roll Tech IPO GMP
The Deem Roll Tech IPO GMP is ₹78.
IPO Overview
The Deem Roll Tech IPO is a fixed-price offering of Rs 29.26 crore. The offering is wholly new, totaling 22.68 lakh shares. Deem Roll Tech’s initial public offering (IPO) begins on February 20, 2024 and ends on February 22, 2024. The allotment for the Deem Roll Tech IPO is expected to be completed on Friday, February 23, 2024. The proposed listing date for the Deem Roll Tech IPO on NSE SME is Tuesday, February 27, 2024.
Deem Roll Tech’s IPO price is ₹129 per share. The minimum lot size for an application is 1000 shares. The minimum investment for retail investors is ₹129,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹258,000.
Deem Roll Tech IPO Details
| IPO Date | February 20, 2024 to February 22, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹129 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,268,000 shares (aggregating up to ₹29.26 Cr) |
| Fresh Issue | 2,268,000 shares (aggregating up to ₹29.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,069,272 |
| Share holding post issue | 8,337,272 |
| Market Maker portion | 114,000 shares |
Deem Roll Tech Limited Financial Information
| 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 |
| Revenue | 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 | ||||
Deem Roll Tech IPO Timeline
| IPO Open Date | Tuesday, February 20, 2024 |
| IPO Close Date | Thursday, February 22, 2024 |
| Basis of Allotment | Friday, February 23, 2024 |
| Initiation of Refunds | Monday, February 26, 2024 |
| Credit of Shares to Demat | Monday, February 26, 2024 |
| Listing Date | Tuesday, February 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 22, 2024 |
Company Profile
Deem Roll Tech Limited, founded in May 2003, manufactures steel and alloy rolls that are supplied to over ten countries, including the United States, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. As of September 30, 2023, the company had served approximately 340 domestic and 30 export customers. The company has three manufacturing units: one in Mehsana, Gujarat; another in Dadpur, Hoogly, West Bengal; and a third in Ahmedabad, Gujarat. The production unit is divided into numerous departments, including
engineering and design, mould making, melting, casting, machining, and shipment, all of which are backed by quality testing and assurance equipment. As of March 31, 2023, the company produces more than seven types of rolls. In 2021, 2022, and 2023, revenue from operations was ₹6,379.49 lakhs, ₹9,170.45 lakhs, ₹10,337.12 lakhs, and ₹5,007.78 lakhs. This corresponds to a compound annual growth rate (CAGR) of 27.30%. As of December 31, 2023, the company had 275 employees.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Deem Roll Tech Limited |
| Phone number | +91 9925196196 |
| Email ID | accounts@deemrolls.com |
| Website | deemrolls.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
