IPO Details
Bidding Dates
20 Feb 24 - 22 Feb 24
Price Range ₹
129 - 0
Total Equity
₹ 29.26Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
20 Feb 2024
Offer end
22 Feb 2024
Allotment
23 Feb 2024
Refund initiation
26 Feb 2024
Demat transfer
26 Feb 2024
Listing
27 Feb 2024
Offer start
20 Feb 2024
Offer end
22 Feb 2024
Allotment
23 Feb 2024
Refund initiation
26 Feb 2024
Demat transfer
26 Feb 2024
Listing
27 Feb 2024
About Company
Incorporated in May 2003, Deem Roll Tech Limited manufactures steel and alloy rolls that are exported to more than 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 has served over 340 domestic customers and 30 export customers. The company has three manufacturing units, one of which is located in Mehsana, Gujarat, the second unit is located in Dadpur, Hoogly, West Bengal, and the third unit is located in Ahmedabad, Gujarat. The manufacturing unit comprises several sections, including engineering & design, mould making, melting, casting, machining, and dispatch, all of which are supported by related quality testing and assurance equipment.
Year Founded
01-05-2003
Promotor Details
Jaydev Ramesh Betai
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 92.18 | 67.1 |
| Share Capital | 5594622 | 5594622 |
Offer to Public
22,68,000.00 Cr
Highlights
- Deem Roll Tech Limited's export to more than 10 countries allows it to diversify its revenue streams and mitigate risks associated with a single market.
- Serving over 340 domestic customers and 30 export customers indicates a strong market presence and customer trust, providing stability and potential for growth.
- Manufacturing more than 7 kinds of rolls allows the company to cater to diverse customer needs and adapt to market demands, enhancing competitiveness.
- Having three manufacturing units located in different regions enables efficient production, logistics, and market penetration across various geographical areas.
- The consistent revenue growth over the years, with a compound annual growth rate (CAGR) of 27.30%, reflects the company's ability to capture market opportunities and effectively manage operations.
Challenges
- Reliance on export markets exposes the company to currency fluctuations, geopolitical risks, and changes in trade policies, which can impact profitability.
- Operating multiple manufacturing units may increase supply chain complexities, leading to challenges in inventory management, logistics, and coordination.
- The steel and alloy roll industry is highly competitive, with numerous players vying for market share. Intense competition can exert pressure on pricing and margins.
- Being part of the manufacturing sector, Deem Roll Tech Limited is susceptible to economic cycles, demand fluctuations, and industry-specific challenges, affecting revenue and profitability.
- Managing a workforce of 275 employees requires effective human resource management practices to ensure productivity, morale, and compliance with labor regulations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 8,263.03 | 138.32 | 781.25 | 781.25 | 9.3705 |
| 2021 | 7,898.94 | 138.32 | 298.24 | 298.24 | 5.1094 |
| 2024 | 13,408.62 | 833.73 | 298.24 | 298.24 | 5.1094 |
| 2023 | 9,359.34 | 138.32 | 707.94 | 707.94 | 12.1283 |
