Deem Roll Tech IPO GMP – Lot Size, Reservation, Apply or not?

Deem Roll Tech IPO opens its subscription on 20th Feb 2024 and closes on 22nd Feb 2024. To get detailed information about the Initial Public Offering (IPO) of Deem Roll Tech, read this article till the very end.

Deem Roll Tech IPO GMP

The firm has a fixed price issue of Rs 29.26 Cr. The issue is entirely a new issue of 22.68 Lakh shares. The allotment status for the Deem Roll Tech IPO is expected to be finalized on 23rd Feb 2024, which is Friday.

IPO Opening Date 20th Feb 2024, Tuesday
IPO Closing Date 22nd Feb 2024, Thursday
Allotment Basis 23rd Feb 2024, Friday
Initiation of Refunds 26th Feb 2024, Monday
Credit of Shares to Demat 26th Feb 2024, Monday
Listing Date 27th Feb 2024, Tuesday
Cut-off time for UPI mandate confirmation 5 pm on 22nd Feb 2024

The organization will list on NSE SME by tentative listing date fixed as 27th Feb 2024. The price of Deem Roll Tech IPO is Rs 129 per share.

Deem Roll Tech IPO GMP

Face Value Rs 10 per share
Price Rs 129 per share
Lot Size 1000 shares
Total Issue Size 2,268,000 shares (aggregating up to Rs 29.26 Cr)
Fresh Issue 2,268,000 shares (aggregating up to Rs 29.26 Cr)
Type of Issue Fixed Price Issue Type
Listing At SME NSE
Shareholding Pre Issue 6,096,272
Shareholding Post Issue 8,337,272
Portion of Market Maker 114,000 shares

The minimum amount of investment required by retail investors is Rs 129,000. For HNI minimum lot size investment is   two lots (2000 shares) amounting to Rs 258,000. 

The Market Maker for this firm is Ss Corporate Securities.

Deem Roll Tech IPO Lot Size  

Every investor can bid for at least 1000 shares and in multiples thereof. The below provided table easily depicts the average and highest investment through retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail Minimum 1 1000 Rs 129,000
Retail Maximum 1 1000 Rs 129,000
S-HNI Maximum 2 2000 Rs 258,000

 

Deem Roll Tech IPO Reservation

Investor Category Offered Shares
Retail Shares Offered 50% of Net Issue
Shares Offered by Others 50% of Total Issue

 

Deem Roll Tech IPO Promoters

The main two promoters of this firm are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.

Shareholding Pre Issue 92.18 %
Shareholding Post Issue 67.12%

Deem Roll Tech IPO Review

Some of the reviews of this IPO are –

  • This posted steady based growth in its bottom and higher lines to the reported time.  
  • By pushing for infra development and expansion of the steel industry, this firm is poised towards bright prospects ahead.
  • Depending on its 2024 annualized earnings the issue appears entirely priced.
  • The investor may park funds at moderate levels for rewards from average to long term.

Apply or not for Deem Roll Tech IPO?

In my opinion, consumers apply to this IPO because the financial performance of this firm is highly impressive.

The other reason is that the firm also focuses on providing the best goods and services to customers which leads to enhancing their overall growth in the market at maximum level.

Due to above mentioned reasons customers do not need to worry regarding their investment in the long term.

Deem Roll Tech IPO GMP Objectives

Capital expenditure funding towards the expansion of its existing manufacturing facility at different areas.

Funding its working capital needs.

Purposes associated with general corporate.

Deem Roll Tech IPO is one of the producers of high quality steel and alloy rolls within India which is the building block of the Iron and steel rolling mill industry. In this IPO or firm chances are very much high to increase investment level.

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