What you must know about Deem Roll Tech IPO?
by 5paisa Research Team
19 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 27-Feb-24
- IPO Price Range ₹ 129
- Listing Price ₹ 200
- Listing Change 55.0%
- Last Traded Price ₹ 109
- Current Change -15.5%
Deem Roll IPO Details
- Open Date 20-Feb-24
- Close Date 22-Feb-24
- Lot Size 1000
- IPO Size ₹ 29.26 Cr
- IPO Price Range ₹ 129
- Min Investment ₹ 129000
- Listing Exchange NSE SME
- Basis of Allotment 23-Feb-24
- Refunds 26-Feb-24
- Credit to Demat Account 26-Feb-24
- Listing Date 27-Feb-24
Deem Roll Tech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Feb-24 | - | 1.06 | 3.50 | 2.29 |
| 21-Feb-24 | - | 3.04 | 12.98 | 8.02 |
| 22-Feb-24 | - | 311.83 | 179.46 | 255.97 |
Deem Roll IPO Synopsis
Deem Roll Tech Limited IPO is all set to open from 20th February to 22nd February 2024. The company is engaged in the business of making high-quality steel and alloy Rolls. The IPO includes a fresh issue of 2,268,000 shares worth ₹29.26 cr. The share allotment date is 23rd February 2024, and the IPO will be listed on 27th February 2024 on the stock exchanges. The price band is ₹129 and the lot size is 1000 shares.
Fedex Securities Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Deem Roll IPO:
Deem Roll Tech Limited plans to utilize the raised capital from the IPO to:
● To fund the working expenditure need to expand the current manufacturing facility at Mehsana, Gujarat.
● To fund the working capital requirements.
● General corporate purposes.
About Deem Roll Tech
Established in 2003, Deem Roll Tech Limited is engaged in the business of making high-quality steel and alloy Rolls used in the iron and steel rolling mill industry in Indian and international markets. The company supplies Rolls to rolling mill manufacturers (OEMs) and iron and steel rolling mills in the replacement market via distributors and agents.
The company’s product portfolio include:
● Adamite Rolls
● Double Pour Indefinite Chilled Rolls
● Forged Steel Rolls
● HSS Rolls
● Indefinite Chilled Rolls
● Spheodial Graphite Iron Rolls
As of September 2023, Deem Roll Tech has served 340+ clients in India and 30+ clients globally. It exports to more than 10 countries, including the US, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. Its manufacturing units are based in Gandhinagar and Mehsana in Gujarat and Hoogly in West Bengal.
Peer Comparison
● Tayo Rolls Limited
For More Information:
Webstory on Deem Roll Tech
Deem Roll Tech Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 103.37 | 91.70 | 63.79 |
| EBITDA | 13.25 | 9.87 | 11.18 |
| PAT | 6.92 | 4.09 | 2.98 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 92.15 | 51.44 | 50.82 |
| Share Capital | 1.38 | 1.38 | 1.38 |
| Total Borrowings | 47.57 | 44.97 | 45.43 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 3.50 | 6.05 | 6.10 |
| Net cash from / (used in) investing activities | -0.49 | -2.05 | -1.59 |
| Net cash flow from / (used in) financing activities | -3.21 | -2.79 | -3.85 |
| Net increase (decrease) in cash and cash equivalents | -0.19 | 1.20 | 0.66 |
Deem Roll IPO Key Points
-
Strengths
1. The company manufactures a wide range of Rolls that are used in iron and steel rolling mills.
2. It has a diversified customer base and a long-standing relationship with its customers.
3. It has well-established Manufacturing Facilities designed to serve multiple product ranges.
4. The company ensures Quality Assurance and Quality Certification.
5. Its financial position is strong.
6. Experienced Promoter and management team.
-
Risks
1. The business is subject to various laws and regulations.
2. Delays or defaults in client payments could affect business operations.
3. It is exposed to foreign currency exchange risks.
4. The company has reported negative cash flows in the past.
5. Operates in a highly competitive industry.
Deem Roll
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Deem Roll IPO FAQs
When does the Deem Roll Tech IPO opens and closes?
Deem Roll Tech IPO opens from 20th February to 22nd February 2024.
What is the size of the Deem Roll Tech IPO?
The size of Deem Roll Tech IPO is ₹29.26 cr.
How to apply for the Deem Roll Tech IPO?
To apply for Deem Roll Tech IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Deem Roll Tech Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Deem Roll Tech IPO?
The price band of Deem Roll Tech IPO is fixed at ₹129 per share.
What is the minimum lot size and investment required for the Deem Roll Tech IPO?
The minimum lot size of Deem Roll Tech IPO is 1000 shares and the investment required is ₹1,29,000.
What is the allotment date of the Deem Roll Tech IPO?
The share allotment date of Deem Roll Tech IPO is 23rd February 2024.
What is the Deem Roll Tech IPO listing date?
The Deem Roll Tech IPO will be listed on 27th February 2024.
Who are the book runners for the Deem Roll Tech IPO?
Fedex Securities Private Limited is the book-running lead manager for Deem Roll Tech IPO.
What is the objective of the Deem Roll Tech IPO?
Deem Roll Tech Limited plans to utilize the raised capital from the IPO to:
1. To fund the working expenditure need to expand the current manufacturing facility at Mehsana, Gujarat.
2. To fund the working capital requirements.
3. General corporate purposes.
Contact Details of Deem Roll Tech IPO
Contact Information
Deem Roll Tech Limited
Survey No.110/1, P-1,110/2
Ganeshpura
Ta: Kadi Mahesana-382729
Phone: +91 9925196196
Email: accounts@deemrolls.com
Website: http://www.deemrolls.com/
Deem Roll Tech IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Deem Roll Tech IPO Lead Manager
Fedex Securities Pvt Ltd
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