Deem Roll-Tech was incorporated on 1 May 2003. The company manufactures steel and alloy rolls in India. These rolls find their application in the iron and steel rolling mill industries in both domestic and international markets.
| Bidding Dates |
|---|
| 20 Feb 2024 - 22 Feb 2024 |
| Subscription |
|---|
| 233.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,29,000 | 1 | 1 | 1000 | 2.3 M | ₹129 | 67.1 % | ₹292.6 M | RHP DOC |
Deem Roll-Tech IPO SUBSCRIPTION STATUS
22 Feb '24Deem Roll-Tech IPO overall subscription rate was 233.9 times the total available shares
Deem Roll-Tech IPO retail subscription rate was 171.43 times in the retail segment
Deem Roll-Tech IPO non-institutional investor subscription rate was 296.37 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
22 Feb 2024 (Day 3) | 171.43x | 296.37x | - |
21 Feb 2024 (Day 2) | 11.96x | 2.96x | - |
20 Feb 2024 (Day 1) | 3.21x | 1x | - |
Deem Roll-Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 37.2 | 500.8 | 13.9 | 1.5 | 13.7% |
| FY23 | 69.2 | 1,033.7 | 35.0 | 19.0 | 12.8% |
| FY22 | 41.0 | 917.0 | 60.6 | 49.0 | 10.8% |
| FY21 | 29.8 | 637.9 | 61.1 | 43.8 | 17.5% |
Deem Roll-Tech IPO SUBSCRIPTION STATUS DETAILS
Deem Roll-Tech had 2.3 M shares on offer
Deem Roll-Tech IPO offer price was ₹129
Deem Roll-Tech IPO minimum Investment was ₹129000
Deem Roll-Tech IPO issue size was ₹ 292.6 M
Deem Roll-Tech had a minimum lot size of 1000 Shares per application
Deem Roll-Tech NUMBER OF SHARES ON OFFER
Deem Roll-Tech IPO IMPORTANT DATES
| Issue Open Date | 20 Feb 2024 |
| Issue close Date | 22 Feb 2024 |
| Allotment Date | 23 Feb 2024 |
| Refund Date | 26 Feb 2024 |
| Demat Account Credit Date | 26 Feb 2024 |
| Listing Date | 27 Feb 2024 |
| Listing on Exchange(s) | NSE |
| Deem Roll-Tech Allotment Status | Exchange |
Deem Roll-Tech IPO subscription opened on 20 Feb 2024, and closed on 22 Feb 2024
IPO allotment for Deem Roll-Tech was finalized on Friday, 23 Feb 2024
IPO listing for Deem Roll-Tech was on NSE on Tuesday, 27 Feb 2024
Deem Roll-Tech IPO LISTING GAINS
| Issue Price (adjusted) | 129.0 |
| Listing Open Price | 200.0 |
| Listing Close Price | 209.7 |
| Listing Gain% | 55.0% |
| Current Gain% | -63.9% |
Deem Roll-Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deem Roll-Tech Ltd. | 46.6 | 38.9 | 17.9 | -0.7 | 0.4 | 2.5 | 1.5 | 92.8 | -2.1 | 2.2 | -25.3 | 2.6 | -25.3 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Deem Roll-Tech INFORMATION ON IPO ISSUE
About Deem Roll-Tech
Deem Roll-Tech was incorporated on 1 May 2003. The company manufactures steel and alloy rolls in India. These rolls find their application in the iron and steel rolling mill industries in both domestic and international markets.
Object of the Issue
- Funding capital expenditure towards the expansion of the existing manufacturing facility at Plot No. 110/1, 110/2, New Survey No. 202, Village Ganeshpura, Mehsana, Gujarat, India
- Funding the working capital requirements
- General corporate purpose
Deem Roll-Tech - PROMOTERS
| Name |
|---|
| Jyoti Prasad Bhattacharya |
| Dev Jyotiprasad Bhattacharya |
Deem Roll-Tech Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Deem Roll-Tech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Deem Roll-Tech Strengths
Diversified customer base
The company has a well-diversified customer base in India and the international market, wherein it supplies standard as well as custom-based products
Diversified and established product
The company manufactures a wide range of rolls used in iron and steel rolling mills that manufacture long products, flat products, and seamless tubes
Quality assurance
The company follows strict manufacturing practices and standards, and its manufacturing units benefit from quality benchmarking certifications such as ISO 9001:2015, certified by Alcumus ISOQAR, for manufacturing and supply, and a certificate of Importer-Exporter Code from the Ministry of Commerce and Industry
Deem Roll-Tech Risks
Dependent on few customers
The company is heavily reliant on a few customers and derives a significant part of its revenue from selected customers. The loss of any significant customer may have a material adverse effect on the business and results of operations
Legal proceedings
There are outstanding legal proceedings involving the company, its directors, and its promoters. These proceedings are pending at different levels of adjudication before various authorities
IPO FAQs
The promoters of the company are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 129.0 - 129.0.
The IPO application opens on Feb 20, 2024 and closes on Feb 22, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 129,000.0, the maximum value for this IPO is Rs 129,000.0.
This IPO will be allotted on Feb 23, 2024.
The refund will be credited to your account on Feb 26, 2024.
The allotted shares will be credited to your demat on Feb 26, 2024.
Deem Roll-Tech Ltd.’s shares listed on the stock exchanges on Feb 27, 2024.