Rosmerta Digital Services Limited IPO, GMP, Details, Price, And Review
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was founded in 2021 to offer digitally-enabled services and distribution for automotive components and accessories. Initially focused on vehicle registration for OEMs, the company has expanded its services to include garage services, last-mile delivery, and automotive parts sales.
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The company operates in two key areas:
- 1. Digitally Enabled Services: Offering technology-driven vehicle registrations, title transfers, regulatory approvals, and last-mile High Security Registration Plate (HSRP) delivery through its URJA platform.
- 2. Digital Channel Sales: In 2023, Rosmerta expanded into automotive components, partnering with over 150 distributors and leading electric two-wheeler registrations with brands like OLA Electric and Royal Enfield.
Rosmerta’s URJA platform and MyRaasta app streamline operations and support garage partners, enhancing efficiency and customer satisfaction.
Rosmerta Digital Services IPO Overview:
- ● Total Issue Size: ₹206.33 crores
- ○ Fresh Issue: 140.36 lakh shares
- ● IPO Opening Date: November 18, 2024
- ● IPO Closing Date: November 21, 2024
- ● Price Band: ₹140 to ₹147 per share
- ● Minimum Lot Size: 1,000 shares
- Lead Managers:
- ○ Narnolia Financial Services Ltd
- ○ Beeline Capital Advisors Pvt Ltd
- ● Registrar: Link Intime India Private Ltd
- ● Market Maker: Spread X Securities
WHAT IS GMP?
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.
Rosmerta Digital Services Limited IPO GMP
GMP Date | IPO Price | GMP | Last Updated |
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147 | - |
**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.**
Rosmerta Digital Services IPO Overview
Detail | Description |
---|---|
IPO Date | November 18, 2024 to November 21, 2024 |
Listing Date | [.] |
Face Value | ₹2 per share |
Price Band | ₹140 to ₹147 per share |
Lot Size | 1000 Shares |
Total Issue Size | 14,036,000 shares (aggregating up to ₹206.33 Cr) |
Fresh Issue | 14,036,000 shares (aggregating up to ₹206.33 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Shareholding pre issue | 39,050,000 |
Shareholding post issue | 53,086,000 |
Market Maker portion | 703,000 shares Spread X Securities |
Rosmerta Digital Services IPO Timeline (Tentative Schedule)
Detail | Description |
---|---|
IPO Open Date | Monday, November 18, 2024 |
IPO Close Date | Thursday, November 21, 2024 |
Basis of Allotment | Friday, November 22, 2024 |
Initiation of Refunds | Monday, November 25, 2024 |
Credit of Shares to Demat | Monday, November 25, 2024 |
Listing Date | Tuesday, November 26, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on November 21, 2024 |
Rosmerta Digital Services IPO Lot Size
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1000 | ₹147,000 |
Retail (Max) | 1 | 1000 | ₹147,000 |
HNI (Min) | 2 | 2,000 | ₹294,000 |
Rosmerta Digital Services IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the Net offer |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Rosmerta Digital Services IPO Promoter Holding
Share Holding Pre Issue | 89.74% |
Share Holding Post Issue | 66.02% |
Rosmerta Digital Services IPO Anchor Investors Details
Bid Date | November 14, 2024 |
Shares Offered | 3,998,000 |
Anchor Portion Size (In Cr.) | 58.77 |
Anchor lock-in period end date for 50% shares (30 Days) | December 22, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | February 20, 2025 |
Competitive Strength:
- ● Early entry into digital registration services.
- ● Technology including URJA software, My Raasta software and mobile application.
- ● Agreements with OEMs.
- ● Pan India Presence.
- ● Domain Knowledge.
Rosmerta Digital Services Limited Financial Information
Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
Assets | 10,013.07 | 3,744.53 | 1,932.43 | 557.14 | ||||||||||||||||||||||||||||||||||||
Revenue | 9,253.57 | 8,419.07 | 2,978.91 | 202.7 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 1,483.72 | 1,056.52 | 161.87 | -3.01 | ||||||||||||||||||||||||||||||||||||
Net Worth | 7,099.34 | 1,221.32 | 159.16 | -2.01 | ||||||||||||||||||||||||||||||||||||
Reserves and Surplus | 6,318.34 | 1,220.32 | 158.16 | -3.01 | ||||||||||||||||||||||||||||||||||||
Total Borrowing | 1,499.01 | 1,318.28 | 439.21 | |||||||||||||||||||||||||||||||||||||
Amount in ₹ Lakhs |
Key Performance Indicator
KPI | Values |
---|---|
ROE | 0.36% |
ROCE | 0.28% |
RoNW | 20.72% |
P/BV | 8.09 |
PAT Margin (%) | 16.08 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | 2.71 | 5.59 |
P/E (x) | 54.33 | 26.3 |
Objectives of Rosmerta Digital Services IPO
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
FAQs for Rosmerta Digital Services IPO
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What is Rosmerta Digital Services IPO?
Rosmerta Digital Services IPO is a SME IPO. The company is going to raise ₹206.33 Crores via IPO. The issue is priced at ₹140 to ₹147 per equity share. The IPO is to be listed on BSE SME.
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When will the Rosmerta Digital Services IPO open for subscription?
The IPO is to open on November 18 for QIB, NII, and Retail Investors. The IPO will close on November 21.
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What is Rosmerta Digital Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Rosmerta Digital Services IPO Issue Size?
Rosmerta Digital Services IPO issue size is ₹206.33 crores.
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What is Rosmerta Digital Services IPO Price Band?
Rosmerta Digital Services IPO Price Band is ₹140 to ₹147.
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What is Rosmerta Digital Services IPO Lot Size?
The minimum bid is 1000 Shares with ₹147,000.
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What is the Rosmerta Digital Services IPO Allotment Date?
Rosmerta Digital Services IPO allotment date is November 22.
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What is the Rosmerta Digital Services IPO Listing Date?
Rosmerta Digital Services IPO listing date is November 26. The IPO is to be listed on BSE SME.
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What is Rosmerta Digital Services current GMP?
The current GMP of the Rosmerta Digital Services is ---.
RHP:
RHP of Rosmerta Digital Services Limited IPO
DRHP:
DRHP of Rosmerta Digital Services Limited IPO
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What is Rosmerta Digital Services IPO?
Rosmerta Digital Services IPO is a SME IPO. The company is going to raise ₹206.33 Crores via IPO. The issue is priced at ₹140 to ₹147 per equity share. The IPO is to be listed on BSE SME.
-
When will the Rosmerta Digital Services IPO open for subscription?
The IPO is to open on November 18 for QIB, NII, and Retail Investors. The IPO will close on November 21.
-
What is Rosmerta Digital Services IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Rosmerta Digital Services IPO Issue Size?
Rosmerta Digital Services IPO issue size is ₹206.33 crores.
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What is Rosmerta Digital Services IPO Price Band?
Rosmerta Digital Services IPO Price Band is ₹140 to ₹147.
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What is Rosmerta Digital Services IPO Lot Size?
The minimum bid is 1000 Shares with ₹147,000.
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What is the Rosmerta Digital Services IPO Allotment Date?
Rosmerta Digital Services IPO allotment date is November 22.
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What is the Rosmerta Digital Services IPO Listing Date?
Rosmerta Digital Services IPO listing date is November 26. The IPO is to be listed on BSE SME.
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What is Rosmerta Digital Services current GMP?
The current GMP of the Rosmerta Digital Services is ---.
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