Deem Roll-Tech Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Deem Roll-Tech Ltd IPO

Deem Roll-Tech Limited manufactures its products from alloy steel, cast irons and tungsten carbides conforming to international standards. Presently, the company uses static cast and centrifugally cast technology for the manufacturing of Rolls. The Company is capable of casting a single Roll of up to 15 MT. Its Manufacturing Units consists of engineering & design, mold making, melting, casting, machining and dispatch sections backed by related quality testing and assurance equipment.

Deem Roll-Tech Ltd IPO Details

Total Shares Offered

₹ 22,68,000

Offer to Public

TBA

Retail Max (Shares)

₹ 10,77,000

Pre Issue Promoters Holding

₹ 53,85,732

Exchange

NSE

Issue size

TBA

IPO Open Date

Feb 20, 2024

Close Date

Feb 22, 2024

Lot Size

1000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Feb 27, 2024

Deem Roll-Tech Ltd IPO Dates

Feb 20, 2024

Opening date

Feb 22, 2024

Closing date

Feb 23, 2024

Basis of Allotment

Feb 26, 2024

Initiation of Refunds

Feb 26, 2024

Credit of Shares

Feb 27, 2024

Listing date

Details

Sector	Type
Sector	Castings & Forgings
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	1077000
Retail	0x	1077000
Employee	0x	0
Total	0x	2268000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1077000

2268000

Deem Roll-Tech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	4.24	11.65	11.30
EBITDA	6.28	13.42	13.01
PAT	2.90	7.81	7.08
Total Assets	82.90	97.03	57.08
Share Capital	8.34	8.34	1.38
Total Borrowings	38.35	32.97	28.16
Operating Activities (Net Cash)	4.94	9.58	8.79
Investing Activities (Net Cash)	-13.97	-0.58	-0.68
Financing Activities (Net Cash)	38.35	32.97	28.16
Net Cashflow	2.55	24.08	3.63

About Deem Roll-Tech Ltd

Deem Roll-Tech Limited was originally incorporated as a private limited company in the name and style of Deem Roll-Tech Private Limited under the erstwhile Companies Act, 1956 vide certificate of incorporation dated May 1, 2003 issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of our members held on February 12, 2008 and consequently, the name of the Company was changed to Deem Roll-Tech Limited, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated March 4, 2008 was issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli.

India is home to fifth-highest reserves of iron ore in the world. Easy availability of low-cost manpower and presence of abundant iron ore reserves make India competitive in the global set up. In FY23, the production of crude steel in India stood at 125.32 MT. India's steel production is estimated to grow 4-7% to 123-127 MT in FY24. The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India's manufacturing output. The Indian steel industry is modern, with state-of-the-art steel mills. It has always strived for continuous modernization of older plants and up-gradation to higher energy efficiency levels.

Peer Comparison:

Deem Roll Tech Ltd
Tayo Rolls Ltd

Deem Roll-Tech Ltd Key Points

Strengths

Strong Marketing and Distribution network;

Robust and Scalable Business Model;

Diversified customer base and long-standing relationship with its customers;

Diversified Product Portfolio;

Experienced Promoter Directors with extensive domain knowledge.

Risk

Continued operations at the company Manufacturing Units are critical to its business and any disruption in the company Manufacturing Units would have a material adverse effect on its business, results of operations and financial condition. Further, its Manufacturing Units are not operating at optimum capacity utilization and there can be no assurance that the company will be successful in achieving such utilization levels.

Activities involving the company manufacturing process can be dangerous and can cause injury to people or property in certain circumstances. A significant disruption at any of its Manufacturing Units may adversely affect the companyh production schedules, costs, sales and ability to meet customer demand.

Developments in the competitive environment in the steel industry, such as expansion in production capacity of the company competitors, consolidation among its competitors, could have a material adverse effect on its competitive position and hence the company business, financial condition, results of operations or prospects.

Strategy

Increase its market share internationally by leveraging its export channels

Focus on Advanced Technology Products

Continue to focus on improving operational efficiencies

Expand manufacturing capacity at its existing facilities

How To Apply for Deem Roll-Tech Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Deem Roll-Tech Ltd IPO?

Deem Roll-Tech Ltd's IPO offers shares for up to 29.26 It begins on Feb 20, 2024 and ends on Feb 22, 2024.

What is the price of the Deem Roll-Tech Ltd IPO?

The price of Deem Roll-Tech Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Deem Roll-Tech Ltd IPO?

The Deem Roll-Tech Ltd IPO opens on Feb 20, 2024 and closes on Feb 22, 2024.

When will the Deem Roll-Tech Ltd IPO be allotted?

The allotment for the Deem Roll-Tech Ltd IPO will be finalised on Feb 23, 2024. The shares will be listed on BSE and NSE on Feb 27, 2024.

What is the minimum lot size required for Deem Roll-Tech Ltd IPO?

The minimum lot size for Deem Roll-Tech Ltd IPO is 1000 shares, priced between NA to NA per share.

What is the GMP of Deem Roll-Tech Ltd IPO?

The GMP (Grey Market Premium) of Deem Roll-Tech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Deem Roll-Tech Ltd IPO?

To check the allotment status of Deem Roll-Tech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Deem Roll-Tech Ltd IPO getting listed?

The Deem Roll-Tech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 20, 2024, and closes on Feb 22, 2024. The allotment is finalised on Feb 23, 2024.

How do you apply for the Deem Roll-Tech Ltd IPO?

To apply for the Deem Roll-Tech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.