IPO Details

Bidding Dates

17 Nov '24 - 20 Nov '24

Minimum Investment

₹1,47,000/ 1 Lot (1000 Shares)

Price Range

₹140 - ₹147

Maximum Investment

₹1,47,000/ 1 Lot (1000 Shares)

Retail Discount

To be announced

Issue Size

₹206.33 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Nov 17, 2024

Closing Date

Nov 20, 2024

Basis of Allotment

Nov 21, 2024

Initiation of Refunds

Nov 24, 2024

Listing Date

Nov 25, 2024

About Rosmerta Digital Services IPO

Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited, is set to launch its IPO, aiming to raise ₹206.33 crore through a fresh issue of 140.36 lakh shares.

Founded in 2021, Rosmerta Digital Services provides digitally-enabled services and distribution channels for automotive components and accessories, including vehicle registration services, garage services, last-mile delivery, and the sale of automotive products.

The IPO will open for subscription on November 18, 2024, and close on November 21, 2024. Allotments are expected by November 22, 2024, with the listing on BSE SME scheduled for November 26, 2024.

The price band for the IPO is set between ₹140 and ₹147 per share. Retail investors need to apply for a minimum of 1,000 shares, requiring an investment of ₹1,47,000. HNIs have a minimum lot size of 2,000 shares, amounting to ₹2,94,000.

Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the lead managers for the IPO, with Link Intime India Private Ltd as the registrar and Spread X Securities as the market maker.

Industry Outlook:

  1. Globally, e-services are advancing with governments prioritising digitalisation. India, with over 900 million internet users, is one of the fastest-growing digital markets, driving demand for e-services across banking, retail, and compliance sectors.
  2. Assisted e-commerce is growing, addressing the accessibility gap between urban and rural areas. Initiatives like CSC's partnership with ONDC are bringing digital shopping to rural citizens, expanding the e-commerce reach.
  3. India’s automotive industry, contributing 7.1% to the national GDP, is projected to grow, with passenger vehicles seeing a 14% sales increase in January 2024.

Rosmerta Digital Services IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be allocated to purchase office space in Mumbai, aiming to strengthen operations and enhance business presence.
  2. The capital raised will support the setup of warehouses, model workshops, and experience centres across India.
  3. Part of the proceeds will be invested in IT infrastructure, enhancing digital capabilities and streamlining operations.
  4. Part of the proceeds will support acquisitions and strategic initiatives.
  5. The remaining funds will be allocated towards general corporate purposes.

About Rosmerta Digital Services Limited

Rosmerta Digital Services Limited (RDSL), a subsidiary of Rosmerta Technologies Limited (RTL), specialises in offering digitally enabled services and channel sales in the automotive sector. Established as a private limited company in 2021 and later converted to a public limited company in 2024, RDSL has rapidly expanded its service range to meet the evolving needs of the automotive industry.

Initially focused on vehicle registration services for Original Equipment Manufacturers (OEMs), RDSL has grown to provide comprehensive services such as garage support, last-mile delivery, and the sale of automotive components and accessories.

The company operates in two primary segments: Digitally Enabled Services and Digitally Enabled Channel Sales. Within Digitally Enabled Services, RDSL provides a full suite of vehicle-related support, including vehicle registration, ownership transfer, and assistance with regulatory approvals, particularly for electric vehicles under the FAME subsidy scheme.

The company’s proprietary URJA platform plays a key role, optimising workflows to reduce turnaround times and eliminate manual processes. These services cater primarily to B2B clients, including notable brands like Cars24, ensuring streamlined support for vehicle owners.

In the Channel Sales segment, RDSL leverages a network of over 150 active channel partners to deliver automotive components and accessories to retailers and garages nationwide. Through a robust supply chain, the company ensures timely delivery and high customer satisfaction, positioning itself as a trusted partner in the automotive industry’s digital transformation.

Peer Details

According to RHP, BLS E-services Limited is the only listed peer of Rosmerta Digital Services Limited.

How to Check the Allotment Status of the Rosmerta Digital Services Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Rosmerta Digital Services IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Rosmerta Digital Services IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Rosmerta Digital Services IPO

  • Registered office: 402, 4th Floor, World Trade Tower, Barakhamba Lane, Connaught Place, Delhi, India, 110001/li>
  • Phone: +91-92894 80509
  • E-mail: cs@rosmertadigital.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ thousands) 8,41,900 2,97,891 20,270
Profit/(Loss) after tax (in ₹ thousands) 1,05,652 16,187 (301)
Earnings per Share (EPS) (₹) 3.01 0.46 (0.00)
Net Worth (in ₹ thousands) 1,22,132 15,916 (201)
EBITDA (in ₹ thousands) 1,53,627 30,466 273
Return on net worth (RONW) (%) 86.51 101.70 0.00
Current Ratio (x) 1.49 1.08 0.92
Return on Capital employed (ROCE) (%) 1.03 0.22 0.01

Know before investing

Strengths

6

  1. Early entry in digital registration established Rosmerta’s strong market position.

  2. Proprietary URJA platform enables efficient and streamlined vehicle registrations.

  3. Strategic partnerships with OEMs boost Rosmerta’s industry presence and reach.

  4. Nationwide presence ensures seamless service delivery and client satisfaction.

  5. Extensive domain expertise from Rosmerta Technologies strengthens Rosmerta’s operations.

  6. Growth in fleet registration and eSIM KYC expands Rosmerta’s market reach.

Risks

6

  1. Heavy reliance on Karnataka and Maharashtra exposes Rosmerta to regional risks.

  2. Dependency on one key customer may impact revenue stability significantly.

  3. IT system failures or breaches could disrupt Rosmerta’s operations.

  4. Delays or overruns in technology upgrades may strain resources.

  5. Dependency on third-party suppliers risks component availability and pricing.

  6. Inspection notices to the promoter company may pose reputational challenges.

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Rosmerta Digital Services IPO FAQs

What is the Rosmerta Digital Services IPO?

Rosmerta Digital Services IPO is a book built issue IPO. The IPO will be open from November 18, 2024, to November 21, 2024.

When will the Rosmerta Digital Services IPO be allotted?

The Basis of Allotment will happen on Friday, November 22, 2024.

When will Rosmerta Digital Services IPO open for subscription?

The IPO subscription window will open on November 18, 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 1000 shares.

When will Rosmerta Digital Services Limited list on exchanges?

The listing date for Rosmerta Digital Services Limited is Tuesday, November 26, 2024.

What would be the listing gains on the Rosmerta Digital Services IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a Rosmerta Digital Services IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Rosmerta Digital Services IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Rosmerta Digital Services Limited using one PAN?

You can submit only one application using your PAN card.

How to read Rosmerta Digital Services Limited's financial statements?

To read Rosmerta Digital Services’s financial statements, download the IPO’s  RHP document.