Deem Roll Tech Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹129 - ₹129
- Lot size
- 1,000 shares
- Issue amount
- ₹29.26 cr
- Total subscription
- 245.7×
- Opens
- 20 Feb 2024
- Closes
- 22 Feb 2024
- Allotment
- 23 Feb 2024
- Listing
- 27 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 22,68,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,29,000
- Fresh issue
- ₹29.26 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,29,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 60,69,272
- Shares after issue
- 83,37,272
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,29,000 |
| HNI | 2 | 2,000 | ₹2,58,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 13.89 | 2,493.34 |
| NIB | 13.89 | 4,333.88 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 11.86 | 7.02 | 5.11 |
| ROE | 16.83 | 11.51 | 14.2 |
| ROCE | 20.26 | 18.27 | 21.68 |
| RONW | 20.31 | 15.09 | 12.93 |
| PRE IPO(PE) | 11.31 | 0 | 0 |
| POST IPO(PE) | 0.4 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in May 2003, Deem Roll Tech Limited specializes in manufacturing steel and alloy rolls for both domestic and international markets. With production units in Mehsana, Dadpur, and Ahmedabad, the company manages the entire process from engineering and design to casting, machining, and dispatch, ensuring strict quality control. Serving over 340 domestic customers and 30 export clients across 10+ countries, including the USA, Germany, and Saudi Arabia, Deem Roll Tech offers over seven varieties of rolls to meet diverse industry needs. The company has demonstrated strong growth, with a revenue CAGR of 27.30% from FY 2021 to 2023, supported by a team of 275 skilled professionals as of December 31, 2023. Committed to quality, innovation, and customer satisfaction, Deem Roll Tech continues to strengthen its position in the global steel industry.
Strengths
- Customer Base & Relationships: A wide range of customers and strong partnerships help keep revenue steady and build a good company reputation.
- Product Portfolio: Reliable and well-designed products meet market demands, making the company more competitive.
- Experienced Leadership: Knowledgeable leaders bring expertise and vision, guiding the company toward growth.
- Financial Stability: Profitable operations and smart management keep the company financially strong and ready for expansion.
- Innovation Focus: Investing in new technology keeps the company competitive and relevant in the market.
Risk factors
- anufacturing Disruptions: Interruptions in production can impact business operations and financial stability, especially if production isn’t running at full capacity.
- Raw Material Dependency: Relying on external suppliers for raw materials can be risky, as shortages or price hikes may affect business operations and profits.
- Customer Concentration: Depending too much on a few key customers can be risky—losing a major client could significantly impact revenue.
- Leased Corporate Office: Since the office space is rented, there’s uncertainty about lease renewals or rent hikes, which could affect business operations.
Promoters
Jyoti Prasad Bhattacharya
Dev Jyotiprasad Bhattacharya
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No.110/1, P-1,110/2 Ganeshpura Ta: Kadi Mahesana-382729
+91 9925196196
[email protected]Company website ↗Understanding DEEM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.