Deem Roll Tech Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Deem Roll

CMP

90.55

-1.85 (-2.00%)

  • DRHP
₹129

Offer Price

₹ 29.26 Cr

Issue Size

₹ 1,29,000

Min Investment

1,000

Lot size

Time Line

  • 20
    Feb 2024
    Open
  • 22
    Feb 2024
    Close
  • 23
    Feb 2024
    Finalisation of Basis of Allotment
  • 26
    Feb 2024
    Initiation of Refunds
  • 26
    Feb 2024
    Transfer of Shares to Demat Account
  • 27
    Feb 2024
    Listing Date

Objects of the Offer

  • 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

Products & Services

  • The Company manufactures high-quality steel and alloy Rolls in India.

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.

Risks

  • 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.

  • The company depends on outside parties for adequate and timely supply of raw materials at commercially acceptable prices. Any disruptions, delay or increase in prices of such material may have a material adverse effect on its business.

  • The company is heavily reliant on a few customers and its derives a significant part of the company revenue from selected customers. The loss of any significant customer may have a material adverse effect on the company business and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
24.14%
Pre Holding

88.74%

Post Holding

64.60%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 91.70 (43.80%) 103.37 (12.70%) 15.52 (-)
Gross Profit 91.70 (43.80%) 103.37 (12.70%) 15.52 (-)
Net Income 91.70 (43.80%) 103.37 (12.70%) 15.52 (-)
Assets 91.70 (43.80%) 103.37 (12.70%) 15.52 (-)
Liabilities 91.70 (43.80%) 103.37 (12.70%) 15.52 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Deem Roll Tech Ltd 103.37 6.92 65.92 21.35 15.52 0.00 322.28 2.23 0.32
Tayo Rolls Ltd 0.00 -3.44 46.39 46.39 0.00 -3.36 -471.80 -7.42 -0.14

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Survey # 110/1 P-1 110/2,
Ganushpura Ta. Kadi,
Mahesana - 382729
Phone : +91 99251 96196 Email : accounts@deemrolls.com www.deemrolls.com

Offer Related Information

Initial public issue* of 22,68,000 equity shares of face value Rs. 10/- each ("Equity Shares") of Deem Roll-Tech Limited ("The Company" or the "Issuer") for cash at a price of Rs. 129 per equity share (including a securities premium of Rs. 119 per equity share) ("Issue Price"), aggregating up to Rs. 29.26 crores (the "Issue"). 1,14,000 equity shares aggregating to Rs. 1.47 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the... More

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: