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SME IPO Status: Listed [20th Feb 2024 to 22nd Feb 2024]
Deem Roll Tech IPO, a SME IPO of ₹29.26 Cr was launced on 20-02-2024 to 22-02-2024 and the shares got listed on NSE SME on 27-02-2024.
The public issue of Deem Roll Tech IPO (DEEM) was offered at ₹129.00 per share and the ipo was listed at ₹200.00. It has delivered listing gain of 55.04%.
As the minimum lot size was 1000 shares, the IPO has offered Rs 71000 per lot return on listing.
| SME IPO Issue Opening Date: | 20th Feb 2024 |
| SME IPO Issue Closing Date: | 22nd Feb 2024 |
| SME IPO Issue Price: | ₹129.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹29.26 Cr |
| Fresh Issue: | ₹29.26 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 92.18% |
| Promoter Holding Post IPO: | 67.12% |
| Allotment Status: | Allotment Status |
| NSE Code: | DEEM |
Get important updates regarding Deem Roll Tech SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 23rd Feb 2024 |
| Refunds Initiation* | 26th Feb 2024 |
| Credit of Shares to Demat* | 26th Feb 2024 |
| SME IPO Listing Date* | 27th Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹129.00 |
| Market Lot: | 1000 Shares |
| 1 Lot Amount: | ₹129000 |
| Min HNI Lots: | 2000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-02-2024 | 129.00 | 78 | 59300 | ₹207 (60.47%) | 27-Feb-2024 9:33 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Deem Roll Tech Limited was founded in May 2003. The company 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. The company exports its rollers to over 10 countries, including the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. As of September 30, 2023, the company supplied a total of over 340 domestic customers and 30 export customers.
The production units consist of the engineering and design, mold making, melting, casting, machining and shipping departments, supported by appropriate quality testing and assurance facilities. The rollers are currently manufactured using static and centrifugal casting processes. The company is capable of casting a single roller weighing up to 15 tons. The key factor in the production business is user acceptance of the production process and equipment, as the end use of the product is crucial.
The company has its own testing laboratories for the control of raw materials, materials in processing and end products. They carry out physical tests, chemical analyzes and sand tests. Product standards are set by their DSIR-approved research and development laboratory. The finished products are tested in the QC laboratories to ensure that they comply with the relevant standards and the design specified by the customer; the products are then packaged and shipped.
The main raw materials include steel scrap, rolled scrap, pig iron, nickel, ferromolybdenum, other ferroalloys, resin-coated sand, etc. The company procures its raw materials from domestic suppliers such as steel manufacturers, stockists and traders, depending on market availability, price and quality.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Industrial Products | ₹29.26 Cr | http://www.deemrolls.com/ |
The company intends to utilize the proceeds from the Fresh Issue for the following Objects:-
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,077,000 (50%) | 1,077,000 (50%) | 2,154,000 | |
| 1 | 20th Feb 2024 19:32 | 1.06x | 3.50x | 2.29x |
| 2 | 21st Feb 2024 19:32 | 3.04x | 12.98x | 8.02x |
| 3 | 22nd Feb 2024 18:23 | 311.95x | 180.50x | 256.55x |
Deem Roll Tech Limited's revenue increased by 13.42% and profit after tax (PAT) rose by 68.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9,825.85 | 9,251.44 | 8,263.02 | 7,898.93 |
| Revenue | 5,027.55 | 10,448.57 | 9,212.12 | 6,461.96 |
| Profit After Tax | 371.83 | 692.05 | 409.78 | 298.24 |
| Net Worth | 3,780.02 | 3,408.19 | 2,716.16 | 2,306.35 |
| Reserves and Surplus | 4,245.86 | 4,319.43 | 3,627.38 | 3,217.60 |
| Total Borrowing | 2,062.47 | 2,080.88 | 1,636.65 | 1,802.25 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Deem Roll Tech Limited | 11.86 | 11.86 | 58.39 | 11.31 | 15.52 | |
| Tayo Rolls Ltd. | -3.36 | -3.36 | -471.86 | -28.43 | Standalone |
Last Updated on 02-Mar-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Deem Roll Tech SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Deem Roll Tech SME IPO with Zerodha.
Alternate approch to apply in Deem Roll Tech SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Deem Roll Tech SME IPO Review and Important Updates
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To subscribe or apply in Deem Roll Tech SME IPO, you can use the following methods:
| Deem Roll Tech SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Deem Roll Tech SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Deem Roll Tech SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Deem Roll Tech SME IPO. Most of the Syndicate Banks provide access to apply in Deem Roll Tech IPO via ASBA process. You must have your net banking access, DP ID information to apply in Deem Roll Tech SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Deem Roll Tech SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Deem Roll Tech SME IPO Review and Important Updates
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Deem Roll Tech SME IPO is going to be list on 27-02-2024. NSE Code for Deem Roll Tech is DEEM.
Other relevant questions:
When Deem Roll Tech SME IPO will be listing? Deem Roll Tech SME IPO NSE listing date?Deem Roll Tech SME IPO date of listing
Deem Roll Tech SME IPO Allotment Date is 23-02-2024.
Other relevant questions:
Deem Roll Tech SME IPO share allotment date?Deem Roll Tech SME IPO allotment date?
