Rosmerta Digital Services IPO to open for subscription on November 18

Founded in 2021 as a subsidiary of Rosmerta Technologies Limited (RTL), Rosmerta Digital Services Limited offers digitally-enabled services and digitally-enabled distribution channels for automotive accessories and components. The business first provided original equipment manufacturers (OEMs) with vehicle registration services. Since then, it has expanded into a full range of services, such as garage maintenance, last-mile delivery, and the selling of auto parts and accessories.

The IPO of Rosmerta Digital Services Limited

The largest-ever IPO from the SME sector, Rosmerta Digital Services’ Rs 206-crore IPO, will go on sale on November 18 with a price range of Rs 140–147 per share. This is actually the first IPO worth more than Rs 200 crore. The subscription period for Rosmerta Digital Services’ initial public offering (IPO) begins on November 18, 2024, and ends on November 21, 2024.

It is expected that the allocation for the Rosmerta Digital Services IPO will be finalized on Friday, November 22, 2024. The initial public offering (IPO) of Rosmerta Digital Services is scheduled to go live on the BSE SME on Tuesday, November 26, 2024. An application must have a minimum lot size of 1000 shares. Retail investors are required to invest a minimum of Rs. 147,000. HNI requires a minimum lot size investment of two lots, or 2,000 shares, which comes to Rs. 294,000.

Book runners for an IPO

Beeline Capital Advisors Pvt. Ltd. and Narnolia Financial Services Ltd. are the bookrunning lead managers for the Rosmerta Digital Services IPO, while Link Intime India Private Ltd. is the issue’s registrar. The market maker for the IPO of Rosmerta Digital Services is Spread X Securities.

Objects of the IPO

Funding the construction of experience centers, model workshops, and warehouses throughout India. funding the upfront costs associated with purchasing office space in Mumbai. Funding the initial outlay required to establish IT infrastructure. Funding general business operations, acquisitions and other strategic initiatives, and the company’s working capital requirements.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.