Deem Roll Tech Limited
Deem Roll Tech Limited was incorporated in May 2003 and specializes in manufacturing steel and alloy rolls that are supplied to over 10 countries, including Saudi Arabia, Oman, the United States, the Middle East, Bangladesh, South Arabia, Nepal, Germany, Europe, and South Africa. As of September 30, 2023, the company had served more than 30 export customers and around 340 domestic customers.
Deem Roll Tech Limited has three manufacturing units: one is located in Ahmedabad, Gujarat; the second is located in Dadpur, Hoogly, West Bengal; and the third unit is located in Mehsana, Gujarat. The manufacturing units involve several departments, including mold making, engineering and design, melting, casting, machining, and dispatch, all of which are supported by quality testing and the best possible equipment.
The company will have around 275 employees until December 31, 2023. Deem Limited manufactures more than seven types of rolls.
Company IPO Details
IPO Opening Date | 20 February, 2024 |
IPO Closing Date | 22 February, 2024 |
Listing Date | – |
Face value | Rs. 10 each share |
Price | Rs. 129 each share |
Total Issue Size | 2,268,000 shares |
Fresh Issue | 2,268,000 shares |
Listing At | NSE SME |
Company Financial Details (Amount in lakhs)
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
Assets | 7,898.93 | 8,263.02 | 9,251.44 |
Revenue | 6,461.96 | 9,212.12 | 10,448.57 |
Total Borrowing | 1,802.25 | 1,636.65 | 2,080.88 |
Profit After Tax | 298.24 | 409.78 | 692.05 |
Net Worth | 2,306.35 | 2,716.16 | 3,408.19 |
Objective of an IPO
- To meet the working capital requirement
- To meet the corporate general purpose
Funding capital investment for the expansion of its existing manufacturing operations at Mehsana, Gujarat, India.
