Deem Roll Tech IPO

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 nameDeem Roll Tech Limited
SectorIron & Steel
IndustrySteel & Iron Products
Company Website

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 date20 February 2024
IPO Closing22 February 2024
Basis of Allotment23 February 2024
Initiation Refund26 February 2024
Credit to Demat Account26 February 2024
Listing Date27 February 2024
(Cut-off time for UPI mandate confirmation – 5 PM on February 22, 2024)

Deem Roll Tech IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹29.26 Cr – 2,268,000 shares
Fresh Issue₹29.26 Cr – 2,268,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹129 per share
Lot size1000 Shares
Market Maker portion114,000 shares
Shareholding pre-issue6,069,272
Shareholding post-issue8,337,272
Listing ExchangeNSE SME

Deem Roll Tech IPO Lot Size

Retail (Min)11000₹129,000
Retail (Max)11000₹129,000
HNI (Min)22,000₹258,000

Deem Roll Tech IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Deem Roll Tech Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income2.984.106.923.72
(Amount in ₹ Crores)

Deem Roll Tech Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio10.88
RONW (%)12.9315.0920.31
ROCE (%)21.6818.2720.26
EBITDA (%)17.5310.7712.82

Company Promoters

  • Jyoti Prasad Bhattacharya
  • Dev Jyotiprasad Bhattacharya.

Promoter Holding

Pre Issue Share Holding92.18%
Post Issue Share Holding67.12%

Deem Roll Tech IPO Lead Manager(s)

B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249

Deem Roll Tech Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

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

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

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