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

Deem Roll Tech supplies their Rolls directly to rolling mill manufacturers (“OEMs”) and in the replacement market to the iron and steel rolling mills through a network of dealers/distributors and agents. They export their Rolls to over 10 countries, such as the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. As of September 30, 2023, they have overall catered to over 340 domestic customers and 30 export customers. Their revenue from export sales amounted to 17.19%, 20.00%, 16.91%, and 16.56% of their revenue from operations for the six months ended September 30, 2023, and for Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively.

They manufacture their products from steel scrap, roll scrap, pig iron, nickel, ferro molybdenum, other ferroalloys, resin-coated sand, etc conforming to international standards As of the date of this Prospectus, they have a highly sophisticated and technically competent manufacturing unit located at Plot No. 1006/1007, Chhatral GIDC, Chhatral, Tal. Kalol, Gandhinagar, Gujarat (“Manufacturing Unit 1”), at Plot No. 110/1,110/2, New Survey No. 202, Village Ganeshpura, Mehsana, Gujarat, India (“Manufacturing Unit 2”) and Chinsurah Dhaniyakali Road, Betamore, PS Dadpur, Hoogly, west Bengal (“Manufacturing Unit 3”), with an aggregate installed capacity of 8500 MTPA. Their corporate office is located at C-3/301, Anushruti Apartment, Opp New York Totheyr, S.G. Highway, Ahmedabad, Gujarat 380 054.Their Manufacturing Unit 2 is ISO 9001:2015 certified by ISOQAR, Alcumus. Their Manufacturing Units consist of engineering & design, mold making, melting, casting, machining, and dispatch sections backed by related quality testing and assurance equipment.

Presently, they use static cast and centrifugally cast technology for the manufacturing of Rolls. They are capable of casting a single Roll of up to 15 MT. The key factor in their manufacturing business is the user acceptance of their manufacturing process and manufacturing facilities, given the critical end use of the product. They have, in the last few years, been successful in obtaining various such acceptance. They share a good client relationship with their customer and they receive the majority of their business from repeat clients. Their Manufacturing Unit 2 has been inspected and accepted by third-party inspection agencies. Further, the quality of their products has been accepted to be satisfactory in third-party inspections.

They are equipped with in-house testing laboratories for checking their raw materials, work-in-process materials, and finished products. They undertake physical testing, chemical analysis, and sand testing. The product standards are determined by their DSIR-approved R&D laboratory. The finished products are checked in their QC laboratories to ensure that they same is of relevant standards and design as specified by the customer; the products are packed and dispatched.

Objects of the Issue:

• Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India
• Funding its Working Capital Requirements
• General Corporate Purpose

Deem Roll Tech IPO Review

• May Apply

Deem Roll Tech IPO Date & Price Band Details

Deem Roll Tech IPO Market Lot

The Deem Roll Tech IPO minimum market lot is 1000 shares with a ₹129,000 application amount.

Deem Roll Tech IPO Dates

The Deem Roll Tech IPO date is February 20 and the IPO close date is February 22. The IPO allotment date is February 23 and the IPO might list on February 27.

You can check IPO subscription status and IPO allotment status on their respective pages.

Deem Roll Tech IPO Form

How to apply Deem Roll Tech IPO? You can apply Deem Roll Tech IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Deem Roll Tech IPO in the Invest section. The other option you can apply Deem Roll Tech IPO via IPO forms download via the NSE website. Check out the Deem Roll Tech forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Deem Roll Tech Company Financial Report

Deem Roll Tech IPO Valuation – FY2023

Check Deem Roll Tech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Tayo Rolls Limited

Company Promoters

• Jyoti Prasad Bhattacharya
• Dev Jyotiprasad Bhattacharya

Deem Roll Tech IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Deem Roll Tech IPO Allotment Status

Check Deem Roll Tech IPO allotment status on Bigshare website URL. Click Here

Deem Roll Tech IPO Lead Managers aka Merchant Bankers

• Fedex Securities Pvt Ltd

Company Address

Deem Roll Tech Limited
Survey No.110/1, P-1,110/2
Ganeshpura
Ta: Kadi Mahesana-382729
Phone: +91 9925196196
Email: [email protected]
Website: http://www.deemrolls.com/

Deem Roll Tech IPO FAQs