The Deem Roll Tech IPO started on February 20, 2024, and ended on February 22, 2024. Shares were allocated on February 23, 2024, and refund processes began on February 26, 2024. On February 26, 2024, the shares were credited to investors demat accounts. Deem Roll Tech was officially listed on the stock exchange on February 27, 2024.
During the IPO, Deem Roll Tech offered shares at a price range of ₹129 per share, and the lot size was 1000 shares. The total issue size was ₹29.26 crores, with ₹29.26 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Deem Roll IPO Subscription Update Video
Deem Roll Tech IPO Subscription Status
The Deem Roll Tech IPO on February 22, 2024 was subscribed 256.55 times, with the retail category being subscribed 180.50 times, the other category being subscribed 311.95 times.
| Category | Subscription |
| Other | 311.95x |
| Retail | 180.50x |
| Total | 256.55x |
Deem Roll IPO Basic Details
| Company Name | Deem Roll Tech Limited |
| Domain of Company | Manufactures Steel and Alloy Rolls |
| 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 |
About Deem Roll Tech Limited
Established in May 2003, Deem Roll Tech Limited is a manufacturer specializing in steel and alloy rolls. Our high-quality products are shipped to over 10 countries, including the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. To date, we have proudly served more than 340 domestic customers and 30 international customers.
Our manufacturing operations are spread across three units. The first unit is situated in Mehsana, Gujarat, the second in Dadpur, Hoogly, West Bengal, and the third in Ahmedabad, Gujarat. Each unit is equipped with various sections, such as engineering & design, mould making, melting, casting, machining, and dispatch. These sections are complemented by quality testing and assurance equipment to ensure the best possible products.
As of March 31, 2023, we proudly produce over 7 types of rolls. Our commitment to quality is reflected in the revenue from operations for the six-month period ending on September 30, 2023, and the fiscal years 2021, 2022, and 2023, which were ₹6,379.49 lakhs, ₹9,170.45 lakhs, ₹10,337.12 lakhs, and ₹5,007.78 lakhs, respectively. This impressive performance represents a compound annual growth rate (CAGR) of 27.30%.
As of December 31, 2023, our dedicated team comprises 275 employees, working together to drive our success and provide exceptional products and services.
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Deem Roll Tech IPO FAQs
What is the start and end date of Deem Roll Tech IPO Subscription?
The Deem Roll Tech IPO started on February 20, 2024, and ended on February 22, 2024.
When does Deem Roll Tech IPO Subscription open?
The Deem Roll Tech IPO open on February 20, 2024.
When does Deem Roll Tech IPO Subscription close?
The Deem Roll Tech IPO Close on February 22, 2024.
What is the allotment date of Deem Roll Tech IPO?
The allotment date for Deem Roll Tech IPO is February 23, 2024.
When is the initial refund date of Deem Roll Tech IPO?
The initial Refund date for Deem Roll Tech IPO is February 26, 2024.
When were the shares credited to investors demat accounts for the Deem Roll Tech IPO?
The shares for the Deem Roll Tech IPO were credited to investors demat accounts on February 26, 2024.
When will Deem Roll Tech IPO be listed on the stock market?
Deem Roll Tech IPO stock market will be listed on February 27, 2024 at 10 am.
What was the price range of the Deem Roll Tech IPO shares?
The Deem Roll Tech IPO shares were offered at a price range of ₹129 per share.
What was the lot size for the Deem Roll Tech IPO shares?
The lot size for the Deem Roll Tech IPO shares was 1000 shares.
What was the total issue size of the Deem Roll Tech IPO?
The total issue size of the Deem Roll Tech IPO was ₹29.26 crores.
How were the shares allocated among different types of investors for the Deem Roll Tech IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Deem Roll Tech IPO listed?
The Deem Roll Tech IPO was listed on the NSE SME.
What is the Deem Roll Tech IPO Subscription Status?
Deem Roll Tech IPO is subscribed 256.55 Times.
