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16 Nov 2024
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.
Deem Roll Tech IPO Overview
| 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 IPO Timeline (Tentative Schedule)
| 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 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
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 114,000 (5.03%) |
| Other Shares Offered | 1,077,000 (47.49%) |
| Retail Shares Offered | 1,077,000 (47.49%) |
| Total Shares Offered | 2,268,000 (100%) |
Deem Roll Tech IPO Promoter Holding
| Share Holding Pre Issue | 92.18% |
| Share Holding Post Issue | 67.12% |
Company & Financials
The company was established in May 2003, Deem Roll Tech Limited 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. As of September 30, 2023, the company has served over 340 domestic customers and 30 export customers. The manufacturing unit comprises several sections, including engineering & design, mold making, melting, casting, machining, and dispatch, all of which are supported by related quality testing and assurance equipment. As of March 31, 2023, the company manufactures more than 7 kinds of Rolls. The revenue from operations for the six-month period ending on September 30, 2023, and for the fiscal years 2021, 2022, and 2023 were ₹6,379.49 lakhs, ₹9,170.45 lakhs, ₹10,337. 12 lakhs, and ₹5,007.78 lakhs, respectively. This represents a compound annual growth rate (CAGR) of 27.30%.
Deem Roll Tech Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 9,825.85 | 9,251.44 | 8,263.02 | 7,898.93 | ||||||||||||||||||||||||||||||||||||
| Revenue | 5,027.55 | 10,448.57 | 9,212.12 | 6,461.96 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 371.83 | 692.05 | 409.78 | 298.24 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 3,780.02 | 3,408.19 | 2,716.16 | 2,306.35 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 4,245.86 | 4,319.43 | 3,627.38 | 3,217.60 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,062.47 | 2,080.88 | 1,636.65 | 1,802.25 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
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.
FAQs for Deem Roll Tech IPO
-
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.
-
What Is The Price Band Of Deem Roll Tech IPO?
The price band of the company is INR 129 per share.
-
When will Deem Roll-Tech Limited's IPO be allotted?
The Basis of Allotment will happen on February 23, 2024.
-
When will Deem Roll-Tech Limited's IPO open for subscription?
The IPO subscription window will open on February 20, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
-
When will Deem Roll-Tech Limited list on exchanges?
Deem Roll-Tech Ltd IPO will be listed on the NSE Emerge on February 27, 2024.
Deem Roll Tech IPO Subscription Status
Category
Subscription (times)
Other
311.95
Retail
180.50
Total
256.55
-
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.
-
What Is The Price Band Of Deem Roll Tech IPO?
The price band of the company is INR 129 per share.
-
When will Deem Roll-Tech Limited's IPO be allotted?
The Basis of Allotment will happen on February 23, 2024.
-
When will Deem Roll-Tech Limited's IPO open for subscription?
The IPO subscription window will open on February 20, 2024.
-
What minimum lot size can retail investors subscribe to?
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
-
When will Deem Roll-Tech Limited list on exchanges?
Deem Roll-Tech Ltd IPO will be listed on the NSE Emerge on February 27, 2024.
Deem Roll Tech IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| Other | 311.95 |
| Retail | 180.50 |
| Total | 256.55 |
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