Deem Roll Tech IPO will open for subscription from 20 February 2024. The company aims for an issue size of ₹29.26 Cr through this IPO.
Company Overview
| Full name | Deem Roll Tech Limited |
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Company Website | https://www.deemrolls.com/ |
About Company
Established in 2003, Deem Roll Tech specializes in the production of steel and alloy rolls, which are distributed to a diverse clientele spanning more than 10 countries, including the USA, Germany, various European nations, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. As of 30 September 2023, the company has served a total of over 340 domestic customers and 30 export customers.
The company operates three manufacturing units, with one situated in Mehsana, Gujarat, another in Dadpur, Hoogly, West Bengal, and the third in Ahmedabad, Gujarat. Each manufacturing unit comprises various sections, such as engineering and design, mold making, melting, casting, machining, and dispatch. These sections are complemented by pertinent quality testing and assurance equipment to ensure product excellence. As of 31 March 2023, the company is capable of manufacturing more than 7 kinds of Rolls.
As of 30 September 2023, Deem Roll Tech has served approximately 30 international customers and operates with 15 sales agents and dealers. Export sales for the six months ending on 30 September 2023, amounted to INR 8.61 crore, while for the period ending on 31 March 2023, it was INR 20.68 crore. These figures constitute 17.19% and 20.00% of the revenue from operations, respectively. As of 31 December 2023, the company employs 275 individuals.
The Objectives of the Issue
- Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India;
- Funding its Working Capital Requirements; and
- General Corporate Purpose
Deem Roll Tech IPO Timetable
| IPO Opening date | 20 February 2024 |
| IPO Closing | 22 February 2024 |
| Basis of Allotment | 23 February 2024 |
| Initiation Refund | 26 February 2024 |
| Credit to Demat Account | 26 February 2024 |
| Listing Date | 27 February 2024 |
Deem Roll Tech IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹29.26 Cr – 2,268,000 shares |
| Fresh Issue | ₹29.26 Cr – 2,268,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹129 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 114,000 shares |
| Shareholding pre-issue | 6,069,272 |
| Shareholding post-issue | 8,337,272 |
| Listing Exchange | NSE SME |
Deem Roll Tech 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 IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Deem Roll Tech Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 63.80 | 91.70 | 103.37 | 50.08 |
| Expenses | 57.91 | 86.12 | 94.87 | 45.64 |
| Net income | 2.98 | 4.10 | 6.92 | 3.72 |
Deem Roll Tech Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 5.11 | 7.02 | 11.86 |
| PE ratio | – | – | 10.88 |
| RONW (%) | 12.93 | 15.09 | 20.31 |
| NAV | 39.51 | 46.53 | 58.39 |
| ROCE (%) | 21.68 | 18.27 | 20.26 |
| EBITDA (%) | 17.53 | 10.77 | 12.82 |
| Debt/Equity | 0.54 | 0.43 | 0.47 |
Company Promoters
- Jyoti Prasad Bhattacharya
- Dev Jyotiprasad Bhattacharya.
Promoter Holding
| Pre Issue Share Holding | 92.18% |
| Post Issue Share Holding | 67.12% |
Deem Roll Tech IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Deem Roll Tech Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Deem Roll Tech Contact Details
Deem Roll-Tech Limited
C-3/301, Anushruti Apartment, Opp. New York Tower,
Nr. Jain Mandir, S.G. Highway Ahmedabad, Gujarat-380054
Phone: +91 9925196196
E-mail: accounts@deemrolls.com
Website: www.deemrolls.com
Deem Roll Tech IPO Allotment Status
Deem Roll Tech IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Deem Roll Tech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
