November 15, 2024
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Rosmerta Digitallisting Review
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Rosmerta Digital IPO allotment Link
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Subscription status of Rosmerta Digital IPO
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Rosmerta Digital Limited IPO (Day 1) Price Rs. 147 Lot 1000 shares, Rs.206.33 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Rosmerta Digital?
Rosmerta Digital Services Limited: Pioneering Digitally-Enabled Solutions for the Automotive Industry
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was founded in 2021 with the mission to provide digitally-enabled services and innovative distribution channels for automotive components and accessories. Since its inception, the company has evolved into a leading provider of integrated solutions for the automotive sector, leveraging technology to simplify complex processes for Original Equipment Manufacturers (OEMs), vehicle sales companies, and consumers.
Expanding Service Offerings
Initially, Rosmerta Digital Services focused on vehicle registration services for OEMs. However, the company has since diversified its service portfolio to include a wide range of solutions, such as garage services, last-mile delivery services, and the sale of automotive components and accessories. This expansion has positioned Rosmerta Digital as a key player in the automotive sector, helping OEMs and vehicle sales companies improve operational efficiency and customer satisfaction.
Two Key Business Areas
- Digitally Enabled Services
Rosmerta Digital offers a suite of technology-driven services that simplify complex processes for OEMs and vehicle sales companies. The company’s URJA platform plays a central role in streamlining operations, offering services such as:- Vehicle Registration: Technology-enabled registration services for vehicles, including title transfers and regulatory approvals.
- Last-Mile Delivery: Efficient delivery of High Security Registration Plates (HSRP) directly to customers.
- Garage Services: Streamlining vehicle servicing and maintenance processes for greater convenience and efficiency.
These services are designed to reduce administrative burdens and enhance the customer experience, benefiting partners like Cars24 and other vehicle sales companies.
- Digitally Enabled Channel Sales
In 2023, Rosmerta Digital expanded its business into the sale of automotive components and accessories, building a network of over 150 distribution partners across India. This broad distribution network ensures that automotive parts are readily available for manufacturers, suppliers, and customers. The company has also established itself as a leader in the registration of electric two-wheelers, working with prominent brands like OLA Electric and Royal Enfield.
The URJA platform continues to streamline sales and distribution workflows, while the MyRaasta app supports garage partners, reinforcing Rosmerta Digital’s commitment to efficiency and customer satisfaction.
A Technology-Driven Future
With its innovative digital platforms and expanding service offerings, Rosmerta Digital Services is transforming the automotive landscape by providing seamless, technology-enabled solutions for OEMs, distributors, and end customers. The company’s unique approach is redefining how automotive services and components are delivered and distributed, positioning it for continued growth in the dynamic automotive sector.
In conclusion, Rosmerta Digital Services Limited is at the forefront of digital innovation in the automotive industry. By leveraging technology to improve vehicle registration, distribution, and service offerings, the company is creating value for both OEMs and consumers while strengthening its reputation for efficiency, reliability, and customer-centric solutions.
Get more information about the company @ http://www.rosmertadigital.com/
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Rosmerta Digital IPO Details |
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| IPO opens on | 18 November 2024 |
| IPO closes on | 21 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 14036,000 Shares / Rs 206.33 Crore |
| * Fresh Issue | 14036,000 Shares / Rs 206.33 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 703000 Shares |
| Net offer to Public | 133,33,000 Shares/ Rs.196 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 140-147 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 66,66,500 | 98.00 |
| NII (15%) | 19,99,950 | 29.40 |
| RII (35%) | 46,66,550 | 68.60 |
| Total Shares | 133,33,000 | 196.00 |
| Retail portion will be oversubscribed by |
4667 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.147000 |
| Min HNI Application | 2000 Shares | Rs.294000 |
Who are the Promoters of Rosmerta Digital?
M/s Rosmerta Technologies Limited, M/s Shree Bankey Bihari Family Trust, Mr. Karn Vivek Nagpal, Mr. Kartick Vivek Nagpal are the company’s promoters.
What are the Objects of Rosmerta Digital IPO?
The Offer comprises of fresh issue of shares
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
- Funding the capital expenditure for the purchase of office space in Mumbai;
- Funding the capital expenditure for setting up warehouses, model workshops, and experience centers in various parts of India;
- Funding the capital expenditure for setting up IT infrastructure;
- Funding the Working Capital Requirement of the Company;
- Funding expenditure for inorganic growth through acquisitions and other strategic initiatives; and
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 18 November 2024 |
| IPO Closes on | 21 November 2024 |
| IPO Allotment on | 22 November 2024 |
| Refund Initiation | 25 November 2024 |
| Credit of Shares | 25 November 2024 |
| Listing on | 26 November 2024 |
| Registered Office of the Company Rosmerta Digital Services Limited 402, 4th Floor, World Trade Tower, Barakhamba Lane, Connaught Place – 110001 |
| Who is the Lead Manager of this IPO? Narnolia Financial Services Ltd Beeline Capital Advisors Pvt Ltd |
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Who is the Registrar to IPO? |
Rosmerta Digital IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Rosmerta Digital IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 2 | – | – | |
| 2022-23 | 29.79 | 1.62 | – | |
| 2023-24 | 84.19 | 10.56 | 3.01 | 86.51 |
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | 52.86 | ||
| Offer Price/upper band | Rs. | 147 | ||
IPO
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| Price/EPS of 23-24 | 48.83 |
| Price/BV Ratio | |
| Price/BV after IPO | 2.78 |
How Rosmerta Digital IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Rosmerta Digital | 2 | 9.22 | 48.83 |
| BSL e-service | 10 | 3.97 | 217.53 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Rosmerta Digital IPO Review
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was founded in 2021 with the goal of providing digitally-enabled services and innovative distribution channels for automotive components and accessories. Since its establishment, the company has quickly evolved into a leading provider of integrated solutions in the automotive sector, using cutting-edge technology to streamline complex processes for Original Equipment Manufacturers (OEMs), vehicle sales companies, and consumers.
IPO Details and Market Outlook
The IPO size stands at an impressive Rs. 206.33 crore, offering 14,036,000 shares. This is a significant large offering, especially when compared to recent IPO trends. With 4,667 applications, the retail portion of the offering is expected to be subscribed once.
Strong Business Model and Financial Growth
Rosmerta Digital Services is built around a novel and scalable business model that combines technology and service innovation. Over the past year, the company has seen a sharp increase in both topline and bottomline, highlighting its strong operational growth. If the company can maintain this robust performance in the coming year, the IPO could be considered reasonably priced, given its promising financial trajectory.
Potential for High Grey Market Interest
Given the strong growth and the impressive credentials of the lead managers for this IPO, there is a high likelihood of significant grey market interest. This, coupled with the company’s unique business model and recent performance, makes the IPO an attractive investment opportunity with the potential for strong market demand.
+ from fundamental angle: May Apply
+ from grey market angle: ?
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Rosmerta Digital IPO FAQs
What is Rosmerta Digital IPO?
This is a SME IPO of 14036000 equity shares of the face value of Rs. 10 aggregating up to Rs.206.33 Crores. The issue is priced at Rs.140-147 per share. The minimum order quantity is 1000 Shares.
When will Rosmerta Digital IPO subscription open?
Rosmerta Digital IPO opens on November 18, 2024, and closes on November 21, 2024.
What is the lot size of Rosmerta Digital IPO?
Rosmerta Digital IPO lot size is 1000 Shares, and the minimum amount required is Rs.147000
How to apply for Rosmerta Digital IPO?
You can apply in Rosmerta Digital IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Rosmerta Digital IPO allotment?
The finalization of Basis of Allotment for Rosmerta Digital IPO will be done on November 22, 2024, and the allotted shares will be credited to your demat account by November 25, 2024.
When is Rosmerta Digital IPO listing date?
Rosmerta Digital IPO listing date is November 26, 2024.
