February 27, 2024
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Deem Roll Tech IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Deem Roll Tech IPO Post Listing Review :
On 27th February, the scrip is listed at Rs.200, compared to the Issue-price of Rs.129, at a premium of 55.04%. The listing has been below the expectations of the grey market.
What is the last GMP of Deem Roll Tech IPO?*
Premium: Rs. 82
Subject to Rs. –
Deem Roll Tech IPO Subscription
On 22 February 2024 5.00 pm (Day 3) (Closed)
Review: Response improved sharply on last day
NII: 1077000 Shares 311.83 T
RII: 1077000 Shares 179.46 T
Total: 2154000 Shares 255.97 T
What is the business of Deem Roll Tech?
Deem Roll Tech is one of the manufacturers of high-quality steel and alloy Rolls in India, which is the building block of the iron and steel rolling mill industry. The Rolls manufactured by the Company finds its application in the iron and steel rolling mill industries in the domestic and international markets. With around 20 years of experience, it believes that it has been synonymous with quality and reliability in the Roll manufacturing industry which it manufactures both under standard specification and tailored as per the customer specific requirements. It supplies its Rolls directly to rolling mill manufacturers (“OEMs”) and in the replacement market to the iron and steel rolling mills through a network of dealers / distributors and agents. It exports its Rolls to over 10 countries, such as USA, Germany, Europe, Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. As on September 30, 2023, it has overall
catered to over 340 domestic customers and 30 export customers. Its revenue from export sales amounted to 17.19%, 20.00%, 16.91% and 16.56% of its revenue from operations for the six months period ended September 30, 2023 and for Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively.
The company manufactures its products from steel scrap, roll scrap, pig iron, nickel, ferro molybdenum, other ferro alloys, resin coated sand, etc conforming to international standards
The company has a highly sophisticated and technically competent manufacturing units located at Plot No. 1006/1007, Chhatral GIDC, Chhatral, Tal. Kalol, Gandhinagar, Gujarat, and at Plot No. 110/1,110/2, New Survey No. 202, Village Ganeshpura, Mehsana, Gujarat, India (“Manufacturing Unit 2”) and at Chinsurah Dhaniyakali Road, Betamore, PS Dadpur, Hoogly, West Bengal (“Manufacturing
Unit 3”), with an aggregate installed capacity of 8500 MTPA.
Rolls are tailor-made as per the mill requirement of the customers. Since a major quantity of the cast Rolls and forged Rolls are produced for use in the rolling mills of the steel industry, hence the Roll industry is closely related to the steel industry. The growth in the steel industry offers good potential for Rolls manufacturers. With both automobile and infrastructure sectors showing healthy growth rate, there will be a demand-push effect for both flat product and long product rolls. Demand for high-quality, high-
performance cast rolls, which are indispensable to the rolling of high-grade steel sheets or strips, is expected to undergo significant growth. The Indian steel industry envisages 300 million tonnes of production capacity by 2030-31
Get more information about the company @
| Deem Roll Tech IPO Details | |
| IPO opens on | 20 February 2024 |
| IPO closes on | 22 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2268000 Sh /Rs 29.26 Cr |
| * Fresh Issue | 2268000 Sh /Rs 29.26 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 114000 Sh. |
| Net offer to Public | 2154000 Sh./Rs.27.79 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 129 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
| Shares offered in Deem Roll Tech IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 1077000 | 13.89 |
| RII (50%) | 1077000 | 13.89 |
| Total Shares | 2154000 | 27.79 |
| Retail portion will be oversubscribed by | 1077 | |
| Forms | ||
| How much Shares to Apply in Deem Roll Tech IPO? | ||
| Min Retail Application | 1000 Sh | Rs. 129000 |
| Min HNI Application | 2000 Sh | Rs.258000 |
Who are the Promoters of Deem Roll Tech IPO?
The promoters of the company are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.
What are the Objects of Deem Roll Tech IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intends to utilize the proceeds from the Fresh Issue for the following Objects:-
Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India;
Funding its Working Capital Requirements; and
General Corporate Purpose
| Deem Roll Tech IPO Tentative timetable | |
| IPO opens on | 20 February 2024 |
| IPO Closes on | 22 February 2024 |
| IPO Allotment on | 23 February2024 |
| Refund Initiation | 26 February 2024 |
| Credit of Shares | 26 February 2024 |
| Listing on | 27 February 2024 |
| Registered Office of the Company Deem Roll Tech Limited Survey No.110/1, P-1,110/2 Ganeshpura Ta: Kadi Mahesana-382729 |
| Who is the Lead Manager of Deem Roll Tech IPO? Fedex Securities Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Deem Roll Tech IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 64.62 | 2.98 | 5.11 | 12.93 |
| 2021-22 | 92.12 | 4.10 | 7.02 | 15.09 |
| 2022-23 | 104.48 | 6.92 | 11.86 | 20.31 |
| Book Value of the Share on | 31.03.2023 | Rs 58.39 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 129 | |||
| Deem Roll Tech IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 10.88 |
| Price/BV Ratio | 2.21 |
| Upper price/BV after IPO | |
How Deem Roll Tech IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Deem Roll Tech | 10 | 103.37 10.88 | |
| Toyo Rolls | 10 | NIL | (28.43) |
# 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.
Deem Roll Tech IPO To the point Guidance
Deem Roll Tech is one of the manufacturers of high-quality steel and alloy Rolls in India, which is the building block of the iron and steel rolling mill industry. The Rolls manufactured by the Company finds its application in the iron and steel rolling mill industries in the domestic and international markets. It exports its Rolls to over 10 countries, such as USA, Germany, Europe, Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. As on September 30, 2023, it has overall catered to over 340 domestic customers and 30 export customers. The Indian steel industry envisages 300 million tonnes of production capacity by 2030-31
Size: The net size of the IPO is Rs. 27.79 Cr comprising of 2154000 shares. Considering the recent IPO trends, the IPO is not very large. With just 1077 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 13.89 Cr, so oversubscription may not be an issue.
Financial Angle: In the 3 years, prior to the IPO, the total income and net profits have shown steady rise. If the company can maintain its profits of the year 2022-23, then the offer price of Rs. 129 is reasonably priced. Currently, grey market has huge bearing on the listing trends. So you may take clue from grey market trend and then take final decision.
Quicklinks
Deem Roll Tech IPO GMP Detail IPO GMP today details?
Deem Roll Tech IPO
Deem Roll Tech IPO FAQs
What is Deem Roll Tech IPO?
Deem Roll Tech IPO is a SME IPO of net 2154000 equity shares of the face value of Rs. 10 aggregating up to Rs.27.79 Crores. The issue is priced at Rs.129 per share. The minimum order quantity is 1000 Shares.
When will Deem Roll Tech IPO open?
Deem Roll Tech IPO opens on February 20, 2024, and closes on February 22, 2024.
What is the lot size of Deem Roll Tech IPO?
Deem Roll Tech IPO lot size is 100 Shares, and the minimum amount required is Rs.129000.
How to apply for Deem Roll Tech IPO?
You can apply in Deem Roll Tech 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 Deem Roll Tech IPO allotment?
The finalization of Basis of Allotment for Deem Roll Tech IPO will be done on February 23, 2024, and the allotted shares will be credited to your demat account by February 26, 2024.
When is Deem Roll Tech IPO listing date?
Deem Roll Tech IPO listing date is not yet announced. The tentative date of Deem Roll Tech IPO listing is February 27, 2024.
