Deem Roll Tech is scheduled to hit the market on February 20, 2024 and close on February 22, 2024. Deem Roll Tech plans to raise around ₹29.26 Cr through an IPO with a sale of up to 2,268,000 equity shares of ₹10 each. The Retail offered 50% and Others Offered 50%
Founded in May 2003, Deem Roll Tech Limited specializes in the manufacturing of steel and alloy rolls, which are distributed to over 10 countries, including the USA, Germany, Europe, and various countries in the Middle East and Asia. Serving more than 340 domestic customers and 30 international clients as of September 30, 2023, the company operates three manufacturing units located in Mehsana, Gujarat, Dadpur, Hoogly, West Bengal, and Ahmedabad, Gujarat. These units house different departments such as engineering & design, mold making, melting, casting, machining, and dispatch, all equipped with quality testing and assurance facilities. By March 31, 2023, the company has expanded its product line to encompass more than seven types of rolls.
The company's revenue from operations has shown significant growth over the years, with figures reaching ₹6,379.49 lakhs for the six-month period ending on September 30, 2023. Additionally, the fiscal years 2021, 2022, and 2023 saw revenue amounts of ₹9,170.45 lakhs, ₹10,337.12 lakhs, and ₹5,007.78 lakhs respectively, indicating a Compound Annual Growth Rate (CAGR) of 27.30%. With a workforce of 275 employees as of December 31, 2023, Deem Roll Tech Limited continues to expand its presence in both domestic and international markets.
Deem Roll Tech IPO Details
Deem Roll Tech IPO opens on Feb 20, 2024, and closes on Feb 22, 2024. The Listing date for Deem Roll Tech IPO is on Feb 27, 2024. The price band for IPO is ₹129 per share and lot size of 1000 Shares.
| IPO Date | Feb 20, 2024 to Feb 22, 2024 |
| Listing Date | Feb 27, 2024 |
| Price | ₹129 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹29.26 Cr |
| Face Value | ₹10 per share |
Deem Roll Tech IPO Tentative Timetable
Deem Roll Tech opening date is February 20, 2024 and close date is February 22, 2024. The IPO allotment date is February 23, 2024. The refund initiation of IPO is on February 26, 2024. The credit of shares in demat account is on February 26, 2024. The listing date is on February 27, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 20, 2024 |
| IPO Closing | Feb 22, 2024 |
| IPO Allotment Date | Feb 23, 2024 |
| Refund Initiation | Feb 26, 2024 |
| Shares Credit to Demat | Feb 26, 2024 |
| Lisiting Date | Feb 27, 2024 |
Deem Roll Tech IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹129,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹129,000 |
| Retail(Maximum) | 1 | 1000 | ₹129,000 |
| HNI (Minimum) | 2 | 2000 | ₹258,000 |
Deem Roll Tech IPO Promoter Holding
| Pre Issue Share Holding | 92.18% |
| Post Issue Share Holding | 67.12% |
Deem Roll Tech IPO Review
Deem Roll Tech Ltd. is gearing up for its debut IPO, offering 2,268,000 equity shares at Rs. 129 per share to raise Rs. 29.26 crore. The company specializes in manufacturing high-quality steel and alloy rolls, catering to both domestic and international markets. With a strong focus on infrastructural development and the continuous growth of the steel industry, DRTL is well-positioned for future success. Despite the fully priced nature of the IPO based on its FY24 earnings, investors can expect potential long-term rewards in line with the industry's expansion.
Investors eyeing DRTL's IPO should recognize the company's established reputation for producing top-notch rolls known for their quality and reliability. While the IPO may seem fully priced at first glance, the company's outlook remains optimistic due to the increasing demand within the steel sector. DRTL's consistent financial performance and strategic allocation of IPO proceeds towards expanding manufacturing facilities and working capital underline its potential for sustainable growth in the long run. Prospective investors are advised to conduct thorough due diligence and consider their investment horizon before making a decision regarding this IPO.
In conclusion, Deem Roll Tech Ltd.'s IPO presents an enticing opportunity for investors seeking exposure to the thriving steel industry in India. The company's track record of serving a wide customer base both domestically and internationally, coupled with its prudent capital allocation strategies, positions DRTL as a promising player in the market. While the issue appears fully priced based on FY24 earnings, the company's growth prospects, driven by infrastructural development and steel industry expansion, offer a compelling investment proposition for those looking to capitalize on the sector's potential growth trajectory.
Deem Roll Tech IPO Subscription Status (Bidding Details)
Table not foundDeem Roll Tech IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Deem Roll Tech IPO FAQs
What is Deem Roll Tech IPO?
Deem Roll Tech is issuing 2,268,000 equity shares with a face value of ₹10 each, totaling up to ₹29.26 Cr. The shares are being offered at a price of ₹129 each, with a minimum order quantity of 1000 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Deem Roll Tech IPO will open?
Deem Roll Tech will open on February 20, 2024 for QIB, NII, and Retail Investors.
When Deem Roll Tech IPO will end?
Deem Roll Tech will end on February 22, 2024.
What is Deem Roll Tech IPO Size?
Deem Roll Tech IPO size is ₹29.26 Cr.
What is Deem Roll Tech IPO Price Band?
Deem Roll Tech price band is ₹129 per share.
What is the Deem Roll Tech IPO Allotment Date?
Deem Roll Tech allotment date is February 23, 2024.
What is the Deem Roll Tech IPO Listing Date?
Deem Roll Tech listing date is February 27, 2024. The IPO is to be listed on BSE and NSE.
How to Deem Roll Tech IPO through Zerodha?
To apply for the IPO “Deem Roll Tech” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Deem Roll Tech IPO through Upstox?
To apply for the IPO “Deem Roll Tech” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Deem Roll Tech IPO Allotment Status?
For Deem Roll Tech IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Deem Roll Tech IPO GMP?
You can check out here: Deem Roll Tech IPO GMP