IPO Details
Bidding Dates
20 Feb '24 - 22 Feb '24
Minimum Investment
₹1,29,000 / 1 Lot ( 1000 Shares )
Price Range
₹129 per share
Maximum Investment
₹1,29,000 / 1 Lot ( 1000 Shares )
Retail Discount
Not Applicable
Issue Size
₹29.26 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Feb 20, 2024
Closing Date
Feb 22, 2024
Basis of Allotment
Feb 23, 2024
Initiation of Refunds
Feb 26, 2024
Credit of Shares to Demat
Feb 26, 2024
Listing Date
Feb 27, 2024
UPI Mandate Expiry Date
Feb 22, 2024
About Deem Roll-Tech Limited
Deem Roll-Tech Limited manufactures high-quality steel and alloy Rolls in India, which is the building block of the iron and steel rolling mill industry. The company has around 20 years of experience. They manufacture both under standard specifications and tailored products.
The Rolls manufactured by the company are used in the iron and steel rolling mill industries. They supply their products through a network of dealers/distributors and agents. They also export their Rolls to more than 10 countries, including Germany, the USA, Europe, the Middle East, Saudi Arabia, Oman, South Africa, Bangladesh and Nepal. As of September 30, 2023, they catered to more than 340 domestic customers and 30 export customers.
The company manufactures their products from steel scrap, roll scrap, pig iron, nickel, ferromolybdenum, other ferroalloys, resin-coated sand, etc., as per international standards. They have 3 manufacturing facilities located in India with an aggregate installed capacity of 8,500 MTPA.
The expanding steel industry presents promising opportunities for manufacturers of rolls. Given the robust growth rates in both the automobile and infrastructure sectors, demand is anticipated for both flat product and long product rolls. The Indian steel industry aims for a production capacity of 300 million tonnes by 2030-31. Deem Roll-Tech Limited will probably also benefit from this.
Deem Roll-Tech Limited IPO Details
Deem Roll-Tech Limited IPO Dates
Deem Roll-Tech Limited’s IPO will open on February 20, 2024, and close on February 22, 2024. The IPO will be listed on the NSE Emerge on February 27, 2024.
Deem Roll-Tech Limited IPO Price Band
Deem Roll-Tech Limited is a fresh issue of up to 22,68,000 equity shares aggregating to ₹2,925.72 lakh. The price of the IPO is ₹129 per share.
Deem Roll-Tech Limited IPO Lot Size
Deem Roll-Tech Limited’s IPO lot size is 1,000 shares.
Deem Roll-Tech Limited IPO Objectives
The objectives of Deem Roll-Tech Limited's IPO are listed below:
- To fund capital expenditure for the expansion of their existing manufacturing facility in Gujarat.
- For general corporate purposes.
- For working capital requirements.
Peer Details
As per DRHP, Tayo Rolls Limited is the listed peer whose business portfolio is comparable to the company.
How To Check the Deem Roll-Tech Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Deem Roll-Tech Limited IPO
Registered office: Survey No.110/1, P-1,110/2, Ganeshpura, Ta: Kadi Mahesana, Gujarat - 382729, India.
Phone: +91 9925196196
E-mail: accounts@deemrolls.com
IPO Financials
| Particulars | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Revenue from Operations | 10,337.13 | 9,170.45 | 6,379.49 |
| Profit After Tax (PAT) | 692.05 | 409.78 | 298.24 |
| Net Worth | 3,408.19 | 2,716.16 | 2,306.35 |
| Total Borrowings | 2,080.88 | 1,636.65 | 1,802.25 |
Know before investing
Strengths
2-
The company has a well-diversified customer base both in local and international markets. They have long-standing relationships with their customers.
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The company follows strict manufacturing practices and standards. Their manufacturing facilities benefit from quality benchmarking certifications such as ISO 9001:2015, certified by Alcumus ISOQAR, for manufacturing and supplying products, and Certificate of Importer-Exporter Code (IEC) bearing no. 0806010932 from the Ministry of Commerce and Industry, which is a requirement for supply in all countries.
Risks
2-
The company is dependent on its manufacturing units. Any disruptions in the manufacturing unit can adversely impact their operations.
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The company is dependent on other parties for an adequate and timely supply of raw materials at commercially acceptable prices. Any disruptions, delays, or increases in prices of such material may have an adverse impact on the business.
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Deem Roll-Tech Limited IPO FAQs
The Deem Roll-Tech Ltd IPO is a fresh issue of up to 22,68,000 equity shares aggregating to ₹2925.72 lakh. The price of the IPO is ₹129 per share. The IPO will open on February 20, 2024.
The Basis of Allotment will happen on February 23, 2024.
The IPO subscription window will open on February 20, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
Deem Roll-Tech Ltd IPO will be listed on the NSE Emerge on February 27, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is February 27, 2024, for Deem Roll-Tech Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
