Deem Roll Tech IPO GMP, Allotment Date, Price Range, Review Details

News: The Deem Roll Tech Limited is all set to make its debut in the stock market with its initial public offering (IPO). If you’re curious about what this IPO entails, read on for a simplified overview.

Key Details

1. Issue Size: The Deem Roll Tech IPO is a fixed-price issue with a total value of Rs 29.26 crores.

2. Fresh Issue: The entire issue consists of 22.68 lakh fresh shares.

3. Subscription Dates: The subscription window opens on February 20, 2024, and closes on February 22, 2024.

4. Allotment Date: The allotment process is expected to be finalized on Friday, February 23, 2024.

5. Listing Date: Deem Roll Tech IPO will be listed on the NSE SME with a tentative listing date set for Tuesday, February 27, 2024.

Pricing and Lot Size

1. Issue Price: Each share is priced at ₹129.

2. Minimum Lot Size: Retail investors can apply for a minimum of 1000 shares.

3. Retail Investment: The minimum investment required for retail investors is ₹129,000.

4. HNI Investment: High Net Worth Individuals (HNIs) can invest in 2 lots (2000 shares), amounting to ₹258,000.

Company Overview

1. Deem Roll Tech Limited was incorporated in May 2003.

2. The company specializes in manufacturing steel and alloy rolls.

3. Their products are exported to over 10 countries, including the USA, Germany, Europe, the Middle East, and more.

4. As of September 30, 2023, Deem Roll Tech has served 340 domestic customers and 30 export customers.

Promoter Holding

1. The promoters of the company are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.

2. Share Holding Pre-Issue: 92.18%

3. Share Holding Post-Issue: 67.12%

IPO Timeline (Tentative Schedule)

1. IPO Opens: February 20, 2024

2. IPO Closes: February 22, 2024

3. Basis of Allotment: February 23, 2024

4. Refunds Initiation: February 26, 2024

5. Shares Credited to Demat: February 26, 2024

6. Listing Date: February 27, 2024

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FAQs

Q: When can investors subscribe to the Deem Roll Tech IPO?

A: Investors can subscribe to the Deem Roll Tech IPO from February 20th to February 22nd, 2024.

Q: How many shares do investors need to bid at least?

A: Investors are required to bid for a minimum of 1000 shares.

Q: When will the details about allotment be revealed?

A: The allotment details for the Deem Roll Tech IPO are anticipated to be disclosed on Friday, February 23, 2024.