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deem roll tech ipo

Deem Roll Tech IPO

  • Status: Closed
  • RHP:
  • ₹ 129,000 / 1000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    27 Feb 2024

  • Listing Price

    ₹ 200.00

  • Listing Change

    55.04%

  • Last Traded Price

    ₹ 100.95

IPO Details

  • Open Date

    20 Feb 2024

  • Close Date

    22 Feb 2024

  • IPO Price Range

    ₹ 129

  • IPO Size

    ₹ 29.26 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    27 Feb 2024

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IPO Timeline

Deem Roll Tech IPO Subscription Status

Last Updated: 15 March 2024 10:29 AM by 5Paisa

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.
 

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

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


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. 
 

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FAQs

Deem Roll Tech IPO opens from 20th February to 22nd February 2024.

The size of Deem Roll Tech IPO is ₹29.26 cr. 

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.
 

The price band of Deem Roll Tech IPO is fixed at ₹129 per share. 

The minimum lot size of Deem Roll Tech IPO is 1000 shares and the investment required is ₹1,29,000.

The share allotment date of Deem Roll Tech IPO is 23rd February 2024.

The Deem Roll Tech IPO will be listed on 27th February 2024.

Fedex Securities Private Limited is the book-running lead manager for 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.