Deem Roll Tech IPO: Deem Roll Tech, a manufacturer of steel and alloy rolls, will launch its IPO tomorrow. The small and medium-sized company's two-day IPO will close on February 22nd. The company said: “Our company, in consultation with the senior manager, has completed a pre-market placement of 2,300 shares of ₹129 per share, added together ₹299.98 lakhs. The size of the new edition is up to ₹3,225 Lakhs which is reduced ₹299.28 Lakhs as per the pre-IPO placement and the revised size of the issue is ₹2,925.72 Lakhs.”
Deem Roll Tech IPO: What is the price range?
Deem Roll Tech IPO: The price range has been set ₹129 per share. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}
The price range has been set at ₹129 per share with a par value of ₹10 per share.
Deem Roll Tech IPO: IPO details?
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The IPO is a fixed price issue of ₹29.26 Crores and fully includes fresh issue of 22.68 lakh shares. Investors can bid for at least 1000 shares and multiples thereof, while the minimum investment amount required for retail investors is the same ₹129,000.
Deem Roll Tech IPO: Who are the promoters?
The organizers are Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya.
Deem Roll Tech IPO: How will the company use the proceeds?
The company will use the net proceeds from the new issue to fund capital expenditure for expansion of its existing manufacturing facility in Gujarat. It also finances working capital needs and general corporate purposes.
Deem Roll Tech IPO: What should you know about the company?
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The company exports steel and alloy rolls to more than ten countries including the USA, Germany, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh. The company has three manufacturing facilities – two in Gujarat and one in West Bengal.
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