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Deem Roll Tech Limited IPO
Deem Roll Tech Ltd. is India's leading roll maker, they have had three completely integrated facilities including machine shops, foundries, and heat treatment plants since 2003. They’re India's largest roll maker at 8000 tonnes per year. By making world- class steel and iron rolls using cutting-edge equipment, machinery, and knowledge, they offer spheroidal graphite pearlitic, acicular, indefinite chill cast iron, and double-poured chilled cast iron. They cooperate with foreign HSS Roll and Tungsten Carbide roll and ring manufacturers to improve rolling solutions and serve renowned rolling mills in India and overseas, all because of our high-quality rolls.
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 price is ₹129 per share. The minimum lot size for an application is 1000 Shares.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.
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GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Deem Roll Tech Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Deem Roll Tech Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 20, 2024 to February 22, 2024 |
| Listing Date | February 27, 2024 |
| 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 Ss Corporate Securities |
Deem Roll Tech Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 |
Deem Roll Tech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹129,000 |
| Retail (Max) | 1 | 1000 | ₹129,000 |
| HNI (Min) | 2 | 2,000 | ₹258,000 |
Deem Roll Tech Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 92.18% |
| Share Holding Post Issue | 67.12% |
Competitive Strength:
- -
Deem Roll Tech Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 9,825.85 | 5,027.55 | 371.83 | 3,780.02 | - | 2,062.47 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 9,251.44 | 10,448.57 | 692.05 | 3,408.19 | - | 2,080.88 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 8,263.02 | 9,212.12 | 409.78 | 2,716.16 | - | 1,636.65 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 7,898.93 | 6,461.96 | 298.24 | 2,306.35 | - | 1,802.25 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.83% |
| ROCE | 20.26% |
| Debt/Equity | 0.47 |
| RoNW | 20.31% |
| P/BV | 2.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.4 | 8.92 |
| P/E (x) | 11.31 | 14.46 |
Objectives of Deem Roll Tech IPO
The company intends to utilize the proceeds from the Fresh Issue for the following Objectives:
- ● Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India.
- ● Funding its Working Capital Requirements.
- ● General Corporate Purpose.
Deem Roll Tech IPO Review
The company is in the manufacturing of high-quality steel and alloy rolls that will generate high demand considering push for the infra development and expansion in steel manufacturing. Thus the company is poised for bright prospects ahead. Based on its FY24 annualized earnings, the issue appears fully priced. Small equity base post IPO indicates longer gestation period for migration to the mainboard. Investors may park moderate funds for the medium to long term rewards.
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Frequently Asked Questions (FAQs)
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What Is The Size Of The Deem Roll Tech IPO?
Deem Roll Tech IPO consists of a fresh issue of 22,68,000 shares worth INR 29.26 crores. The company seeks funds for expansion, working capital, and corporate needs funding in Gujarat.
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What Is The Price Band Of Deem Roll Tech IPO?
The price band of the company is INR 129 per share.
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When will Deem Roll-Tech Limited's IPO be allotted?
The Basis of Allotment will happen on February 23, 2024.
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When will Deem Roll-Tech Limited's IPO open for subscription?
The IPO subscription window will open on February 20, 2024.
