Deem Roll-Tech Limited IPO

IPO Details

Bidding Dates

19 Feb '24 - 21 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 19, 2024

Closing Date

Feb 21, 2024

Basis of Allotment

Feb 22, 2024

Initiation of Refunds

Feb 25, 2024

Credit of Shares to Demat

Feb 25, 2024

Listing Date

Feb 26, 2024

UPI Mandate Expiry Date

Feb 21, 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.

Open a demat account with Angel One to apply for the Deem Roll-Tech Limited IPO.

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

The company has a well-diversified customer base both in local and international markets. They have long-standing relationships with their customers.
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

The company is dependent on its manufacturing units. Any disruptions in the manufacturing unit can adversely impact their operations.
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.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Deem Roll-Tech Limited IPO FAQs

What is Deem Roll-Tech Limited's IPO?

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.

When will Deem Roll-Tech Limited's IPO be allotted?

The Basis of Allotment will happen on February 23, 2024.

When will Deem Roll-Tech Limited's IPO open for subscription?

The IPO subscription window will open on February 20, 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 1,000 shares.

When will Deem Roll-Tech Limited list on exchanges?

Deem Roll-Tech Ltd IPO will be listed on the NSE Emerge on February 27, 2024.

How do I check the allotment status of the Deem Roll-Tech Limited IPO?

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.

What would be the listing gains on the Deem Roll-Tech Limited IPO?

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.

I have finished the application process for the Deem Roll-Tech Limited IPO, but the funds still need to be debited. What is the reason?

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.

How do I approve the UPI mandate request for Deem Roll-Tech Limited's 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 Deem Roll-Tech Limited using one PAN?

You can submit only one application using your PAN card.