Deem Roll Tech IPO

Deem Roll Tech Limited

₹1,29,000 /1000 sharesMinimum Investment

Deem Roll Tech IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹129.00₹200.00₹71.00 (55.04%)

Deem Roll Tech IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Feb ‘24 - 22 Feb ‘24₹1,29,0001,000₹129 - ₹129
Issue SizeIPO Doc
29.26Cr
RHP PDF

About Deem Roll Tech

Deem Roll Tech Limited is a manufacturer of steel and alloy rolls. The company currently manufactures 7 varieties of rolls. The company primarily caters to iron and steel rolling mill industries in both domestic and international markets. It supplies rolls to rolling mill manufacturers (“OEMs”) and iron and steel rolling mills through a network of dealers/distributors and agents. It exports rolls to more than 10 countries, including USA, Germany, Europe, Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. As on September 30, 2023, the company’s clientele included over 340 domestic customers and 30 export customers. Two of the company’s manufacturing units are located in Gujarat and another one is located in West Bengal. ;
Parent Organisation
Deem Roll Tech Limited
Founded
2003
Managing Director
Mr. Jaydev Ramesh Betai

Strengths & Risks

  • The company has a diverse customer base in both India and the international markets. Its top ten customers contributed 54.46%, 49.62%, 51.10%, and 53.93% to revenue from operations for the six months ended September 30, 2023, Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively. As per the company, this is primarily due to its long-standing relationship with the clientele.
  • The company operates three manufacturing units. Manufacturing Unit 1, with a 4,000 sq. mtrs. plant area uses the centrifugally cast process and has a capacity of 1200 MTPA for Metal Rolls. Manufacturing Units 2 and 3, are spread over 2119 sq. mtrs. and 15,000 sq. mtrs. Respectively. These units employ the static cast process with capacities of 8400 MTPA and 2400 MTPA for Metal Rolls, respectively.
  • The company’s manufacturing units hold quality benchmark certifications, including ISO 9001:2015, certified by Alcumus ISOQAR. Additionally, they possess an Importer-Exporter Code (IEC) certification (no. 0806010932) from the Ministry of Commerce and Industry. This allows global supply in compliance with international trade regulations.
  • For the six months ended September 30, 2023, and Fiscal 2023, 2022, and 2021, the company reported revenue from operations of Rs. 50.08 cr, Rs. 103.37 cr, Rs. 91.70 cr, and Rs. 63.79 cr, respectively, with a CAGR of 27.30%. Profit before tax for the same periods was Rs. 3.72 cr, Rs. 6.92 cr, Rs. 4.10 cr, and Rs. 2.98 cr, with a CAGR of 52.33%.
  • The company relies on third-party transportation and logistics services. Any potential increase in their charges may negatively impact the business, operational results, and financial condition.
  • There are outstanding legal proceedings involving the company, its directors, and promoters. Any adverse order or direction from authorities, while unquantifiable, could detrimentally impact the company's reputation, brand, business, operational results, and financial condition.
  • Some of the company's borrowings, totalling Rs. 20.62 cr as of September 30, 2023, carry restrictive covenants that could affect operational management. Failure to meet these conditions may harm operational results and financial conditions.
  • The company has certain contingent liabilities, the materialization of which could negatively impact results of operations, cash flows, and financial condition.
  • The company has obtained Rs. 0.69 cr as an unsecured loan, repayable on demand. A request for repayment of these unsecured loans could impact the company's cash flows and financial condition.
  • Given the working capital-intensive nature of the business, any inadequacy in cash flows to meet essential working capital payments may adversely affect its operational results.

Financials

*All values are in Rs. Cr
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Application details

Apply asPrice bandApply upto
Regular129 - 129₹2 Lakh
High Networth Individual129 - 129₹2 - 5 Lakh
For Deem Roll Tech IPO, eligible investors can apply as Regular.
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