Deem Roll Tech Limited SME IPO
Deem Roll Tech Limited emerges as a beacon of excellence in the ever-evolving landscape of the steel and alloy manufacturing industry. Established in May 2003, the company has carved a niche for itself by manufacturing high-quality steel and alloy rolls, catering to a global clientele across more than 10 countries, including the USA, Germany, Europe, the Middle East, and South Africa. Stepping into the Global Arena
With an impressive track record of serving over 300 domestic customers and 30 export customers as of September 30, 2023, Deem Roll Tech Limited has become synonymous with reliability and precision. The company's three state-of-the-art manufacturing units, strategically located in Mehsana, Gujarat, Dadpur, Hoogly, West Bengal, and Ahmedabad, Gujarat, house various specialized sections such as engineering & design, mould making, melting, casting, machining, and dispatch. Each unit is fortified with cutting-edge quality testing and assurance equipment, ensuring that every product meets the highest industry standards.
Objectives of the Issue
The funds raised through the IPO will be allocated strategically to fuel the company's growth objectives. The primary areas of focus include:
1. Expansion of Manufacturing Facility: Deem Roll Tech Limited plans to channel funds towards capital expenditure for expanding its existing manufacturing facilities. This move aligns with the company's commitment to meeting the increasing demand for its products domestically and internationally.
2. Working Capital Requirements: A portion of the proceeds will be allocated to fulfilling working capital requirements. This strategic move ensures that the company is well-positioned to navigate the dynamic market conditions and sustain operational excellence.
3. General Corporate Purpose: The remaining funds will be utilized for general corporate purposes, providing the company with the flexibility to explore new opportunities, invest in innovation, and strengthen its market position. Promoter Holding
The driving force behind Deem Roll Tech Limited is the vision and leadership of its promoters, Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya. Their unwavering commitment is evident in the company's impressive pre-issue shareholding of 92.18%, reflecting their confidence in the prospects of Deem Roll Tech Limited.
Deem Roll Tech SME IPO
IPO Dates: 20 to 22 Feb 2024
Price: ₹129 per share
Lot Size: 1,000 shares
Amount Per Lot: ₹1,29,000
Total Issue Size: ₹29.26 Cr
Listing: NSE SME
GMP: +30% (Only for information)
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