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06 November 2024

IPO Notices

According to a newspaper notice in the Financial Express dated November 14, 2024, the announcement should be read alongside the Red Herring Prospectus (RHP) of Rosmenrta Digital Service Limited, dated November 1, 2024, which was filed with the Registrar of Companies (RoC), Securities and Exchange Board of India (SEBI), and BSE Limited, as well as the Issue Opening Advertisement dated November 11, 2024. It is important to note that the Initial Public Offering (IPO), initially scheduled to open on To be announced soon., and close on To be announced soon., has been postponed.

This decision to delay the IPO was made after careful consideration and consultation with the Book Running Lead Managers (BRLMs), in response to the current adverse market conditions. The company will announce a revised schedule at a later date.

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.

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: To be announced soon.
● IPO Closing Date: To be announced soon.
● 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

Rosmerta Digital Services Limited IPO And GMP

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
11-11-2024	147	31 (21.09%)	11-Nov-2024 14:50
09-11-2024	147	31 (21.09%)	09-Nov-2024 12:32
08-11-2024	147	31 (21.09%)	08-Nov-2024 12:42
07-11-2024	147	31 (21.09%)	07-Nov-2024 12:21

**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	To be announced soon.
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, To be announced soon.
IPO Close Date	Thursday, To be announced soon.
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 To be announced soon.

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:

1. Funding the capital expenditure for the purchase of office space in Mumbai.

2. Funding the capital expenditure for setting up warehouses, model workshops, and experience centers in various parts of India.

3. Funding the capital expenditure for setting up IT infrastructure.

4. Funding the Working Capital Requirement of the Company.

5. Funding expenditure for inorganic growth through acquisitions and other strategic initiatives.

6. General Corporate Purposes.

FAQs for Rosmerta Digital Services IPO

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?

To be announced soon.
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.
What is Rosmerta Digital Services IPO Price Band?

Rosmerta Digital Services IPO Price Band is ₹140 to ₹147.
What is Rosmerta Digital Services IPO Lot Size?

The minimum bid is 1000 Shares with ₹147,000.
What is the Rosmerta Digital Services IPO Allotment Date?

To be announced soon.
What is the Rosmerta Digital Services IPO Listing Date?

To be announced soon.