Deem Roll Tech IPO
The initial public offering (IPO) of Deem Roll Tech will open for subscription on February 20 and close on February 22, comprising fresh issues of Rs.29.26 Cr. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on February 27, 2024.
#1. Quick Intro to Deem Roll Tech
Deem Roll Tech Limited (2003) manufactures steel and alloy rolls that are exported to more than 10 countries, including the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Deem Roll Tech
The company intends to use the IPO Funds for the following purposes:
- Funding capital expenditure towards the expansion of our existing manufacturing facility.
- Funding our working capital requirements.
- General corporate purpose.
#3. Deem Roll Tech Core Strengths
- Diversified customer base and long-standing relationship with our country.
- Diversified and established products.
- Experienced promoter directors with extensive domain knowledge.
- Well-established manufacturing facility designed to serve multiple product ranges.
- Quality assurance and accreditations.
- Healthy financial condition.
- Strong sales, marketing, and distribution capabilities.
4. Deem Roll Tech IPO Review & Rating
| Issue Size | Rs.29.26 Crore |
| Issue Price | Rs.129 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (March 2023) | Rs.692.05 Lakh |
| ROE | 16.83 |
| ROCE | 20.26 |
| Listing on | NSE SME |
| IPO Deliver Rating | TWO |
#5. Deem Roll Tech IPO Dates, Price Band & Details
Deem Roll Tech IPO will open on February 20, 2024, and close on February 22, 2024. The IPO is to be listed on February 27, 2024.
| Type of issue | Fixed Price Issue IPO |
| Issue Size | Rs.29.26 Crore |
| Price Brand | Rs.129 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 20, 2024 |
| IPO Close Date | February 22, 2024 |
| IPO Allotment Date | February 23, 2024 |
| Refund Date | February 26, 2024 |
| Share Credit Date | February 26, 2024 |
| Listing Date | February 27, 2024 |
#6. Deem Roll Tech IPO Offer Details
Deem Roll Tech IPO’s total issue size is 2,268,000. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 2,268,000 | 29.26 |
| Offer for Sale (OFS) | – | – |
#7. Deem Roll Tech Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 10,448.57 | 9,212.12 | 6,461.96 |
| Net Worth | 3,408.19 | 2,716.16 | 2,306.35 |
| Profit | 692.05 | 409.78 | 298.24 |
| Total Borrowings | 2,080.88 | 1,636.65 | 1,802.25 |
#8. Deem Roll Tech Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 11.86 | 7.02 | 5.11 |
| RoNW (%) | 20.31 | 15.09 | 21.93 |
| NAV (Rs.) | 58.39 | – | – |
#9. Deem Roll Tech Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Deem Roll-Tech Limited | 10,337.13 | 15.52 | 322.27 |
| Tayo Rolls Limited | – | – | -471.86 |
#10. Deem Roll Tech Company Promoters
The company has one promoter as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Jyoti Prasad Bhattacharya |
#11. Deem Roll Tech Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 92.18 |
| Post-issue | 67.12 |
#12. Deem Roll Tech IPO Reservation Details
Deem Roll Tech IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 1,077,000 (47.49%) |
| Market Maker Shares Offered | 114,000 (5.03%) |
| Anchor Investor Shares Offered | – |
| Other Shares Offered | 1,077,000 (47.49%) |
| Total Shares Offered | 2,268,000 (100%) |
#13. Deem Roll Tech IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1000 | 129,000 |
| Retail (Max.) | 1 | 1000 | 129,000 |
| HNI (Min.) | 2 | 2,000 | 258,000 |
#14. Deem Roll Tech IPO – Prospectus Copy
An investor can download/view the Deem Roll Tech prospectus copy, which the company filed to exchange, details are as follows.
| Deem Roll Tech IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Deem Roll Tech IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-22-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. Deem Roll Tech IPO Lead Manager
Fedex Securities Private Limited
Phone No.: +91-8104985249
E-Mail: mb@fedsec.in
Website: www.fedsec.in
#17. Deem Roll Tech IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Deem Roll Tech IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Deem Roll Tech Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Deem Roll Tech Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Deem Roll Tech Company Details
Deem Roll Tech Limited
Registered Office: Survey No. 110/1, P-1,110/2, Ganeshpura, Ta: Kadi Mahesana, Gujarat-382729
Phone No: +91-9925196196
Email: accounts@deemrolls.com
Website: www.deemrolls.com
Investor Grievances/Compliance Officer: Shweta Rameshlal Talreja
#19. Deem Roll Tech Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Deem Roll Tech Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Jaydev Ramesh Betai |
| 02. | Jyoti Prasad Bhattacharya |
Deem Roll Tech IPO – Frequently Asked Questions (FAQs)
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#1. What is a Deem Roll Tech IPO? Deem Roll Tech brings its IPO of Rs.29.26 Crore, on February 20, 2024, with a price band of Rs.129 per share. |
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#2. What is the Deem Roll Tech IPO Open date? Deem Roll Tech IPO’s opening date is February 20, 2024. |
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#3. What is the Deem Roll Tech IPO Close Date? Deem Roll Tech IPO’s closing date is February 22, 2024. |
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#4. What is the Deem Roll Tech IPO Listing date? Deem Roll Tech’s IPO listing date is February 27, 2024. |
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#5. What is the Deem Roll Tech IPO Minimum investment amount? Deem Roll Tech IPO’s minimum investment amount is Rs. 129,000. |
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#6. What is the Deem Roll Tech IPO offer issue Size? Deem Roll Tech offers an issue size of Rs.29.26 Crore. |
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#7. What is the Deem Roll Tech IPO Price Band? Deem Roll Tech’s IPO price band is Rs.129 per share. |
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#8. Is Deem Roll Tech IPO mainboard IPO or SME IPO? Deem Roll Tech IPO is an SME IPO. |
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