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Open
20 Feb 2024
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Close
22 Feb 2024
3
Allotment
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Listing
Tue, Feb 27, 2024
Price Band
₹129 per share
Issue Size
22,68,000 shares (agg. up to ₹29 Cr)
Lot Size
1,000 Shares
Listing Date
Tue, Feb 27, 2024
Latest GMP
₹78
Est. Gain
60.47%
✦ AI Insight
GMP Trend
27-02-2024₹78Est. ₹207+60.47%
26-02-2024₹82Est. ₹211+63.57%
25-02-2024₹88Est. ₹217+68.22%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 244.43x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 98.26 | 92.51 | 82.63 | 78.99 |
| Total Income | 50.28 | 104.49 | 92.12 | 64.62 |
| Profit After Tax | 3.72 | 6.92 | 4.10 | 2.98 |
| NET Worth | 37.80 | 34.08 | 27.16 | 23.06 |
| Reserves and Surplus | 42.46 | 43.19 | 36.27 | 32.18 |
| Total Borrowing | 20.62 | 20.81 | 16.37 | 18.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.00 (-0.38%) |
| Mangalam Alloys Ltd. | SME | ₹54.91 Cr | ₹80 | 14.65 | ₹76.00 | -5.00% | ₹32.20 (-2.28%) |
| Cosmic CRF Ltd. | SME | ₹57.21 Cr | ₹314 | 35.64 | ₹238.65 | -24.00% | ₹1,382.40 (-4.12%) |
| Krishca Strapping Solutions Ltd. | SME | ₹17.93 Cr | ₹54 | 3.43 | ₹112.90 | +109.07% | ₹171.00 (-0.35%) |
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹199.00 (+1.30%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹91.25 (+0.83%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.91 (+0.49%) |
| Ratnaveer Precision Engineering Ltd. | Mainboard | ₹165.03 Cr | ₹98 | null | ₹129.35 | +31.99% | ₹180.66 (+3.13%) |
| Aeroflex Industries Ltd. | Mainboard | ₹351.00 Cr | ₹108 | 40.91 | ₹163.25 | +51.16% | ₹410.60 (-0.38%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure towards expansion of the existing manufacturing facility at Plot No. 110/1,110/2, New Survey No. 202, Village Ganeshpura, Mehsana, Gujarat, India (“Manufacturing Unit 2”) | 20.00 |
| 2 | Funding the Working Capital Requirements | 3.50 |
| 3 | General corporate purposes | 0.78 |
About Deem Roll Tech IPO
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,Gujrat. 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. As of March 31, 2023, the company manufactures more than 7 kinds of Rolls. The revenue from operations for the six-month period 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 represents a compound annual growth rate (CAGR) of 27.30%. As of December 31, 2023, the company has 275 employees.+ Read More
Contact Details
Deem Roll Tech Ltd. AddressSurvey No.110/1, P-1, 110/2GaneshpuraTa: KadiMehsana, Gujarat, 382729+91 9925196196accounts@deemrolls.comVisit Website