The Deem Roll Tech IPO commenced on February 20, 2024, and concluded on February 22, 2024. The allotment of shares took place on February 23, 2024, and the initiation of refunds began on February 26, 2024. The shares were credited to the demat accounts of investors on February 26, 2024. Finally, the listing of Deem Roll Tech on the stock exchange occurred on February 27, 2024.
The Deem Roll Tech IPO was priced at ₹129 per share, with a lot size of 1000 shares. The total issue size was ₹29.26 crores, comprising a fresh issue of ₹29.26 crores. The IPO was listed on the NSE SME.
Deem Roll IPO Basic Details
| Company Name | Deem Roll Tech Limited |
| Domain of Company | Manufactures Steel and Alloy Rolls |
| Deem Roll Tech IPO GMP Today | ₹47 |
| Deem Roll Tech IPO Listing Gain | 35.66% |
| Deem Roll Tech IPO Open Date | February 20, 2024 |
| Deem Roll Tech IPO Close Date | February 22, 2024 |
| Deem Roll Tech IPO Allotment Date | February 23, 2024 |
| Deem Roll Tech IPO Listing Date | February 27, 2024 |
| Face Value | ₹10 per share |
| Price | ₹129 per share |
| Lot Size | 1000 Shares |
| Issue Size | 2,268,000 shares of ₹10 (aggregating up to ₹29.26 Cr) |
| Fresh Issue | 2,268,000 shares of ₹10 (aggregating up to ₹29.26 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya |
Deem Roll Tech IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹47 | 35.66% | – | – |
| 21 February 2024 | ₹47 | 35.66% | ||
| 20 February 2024 | ₹47 | 35.66% | – | – |
Deem Roll Tech IPO Details:
Established in May 2003, Deem Roll Tech Limited is a company that creates steel and alloy rolls. These rolls are shipped to over 10 countries, including the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. By September 30, 2023, the company had served more than 340 local customers and 30 international customers.
The company operates three manufacturing units. One is in Mehsana, Gujarat, the second in Dadpur, Hoogly, West Bengal, and the third in Ahmedabad, Gujarat. These units consist of different sections like engineering & design, mould making, melting, casting, machining, and dispatch. Quality testing and assurance equipment support these processes.
As of March 31, 2023, the company produces more than 7 types of rolls. The revenue from operations for the six months ending on September 30, 2023, and for the fiscal years 2021, 2022, and 2023 were ₹6,379.49 lakhs, ₹9,170.45 lakhs, ₹10,337.12 lakhs, and ₹5,007.78 lakhs, respectively. This indicates a compound annual growth rate (CAGR) of 27.30%.
By December 31, 2023, the company had 275 employees contributing to its success.
Deem Roll Tech IPO More Details Click Here
Deem Roll Tech IPO FAQs
When is Deem Roll Tech IPO open?
Deem Roll Tech IPO will open on 20 February 2024.
When is Deem Roll Tech IPO Close?
Deem Roll Tech IPO will be closed on 22 February 2024.
What is Deem Roll Tech IPO GMP Today?
The Deem Roll Tech IPO GMP aka Grey Market Premium is ₹47.
What is Deem Roll Tech IPO Kostak Rates Today?
The Deem Roll Tech IPO Kostak Rate is ₹000.
What is Deem Roll Tech IPO Subject to Sauda Price Today?
The Deem Roll Tech IPO subject to sauda rates is ₹000.
Deem Roll Tech IPO Expected Returns?
The Deem Roll Tech expected return is 35.66%.
How much will be the listing gain in Deem Roll Tech IPO?
Deem Roll Tech IPO will get listing gain of 35.66%. (Approx.)
