Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Deem Roll Tech IPO
Price Band
₹
Issue Size
₹29.26 Cr
Lot Size
1,000 shares
Min Investment
₹129,000
GMP
+₹78.0 (60.47%)
Issue Price
₹129.0
Subject to Sauda
₹59300
Paid only if allotted
Deem Roll Tech IPO AI Summary
- Deem Roll Tech IPO is listed on NSE SME in the Iron & Steel Products sector.
- Subscription window: 20 Feb–22 Feb 2024, listing on 27 Feb 2024.
- Current GMP is +₹78.0 (60.47%) — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Deem Roll Tech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 22 Feb 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Deem Roll Tech IPO Grey Market Premium (GMP) Today
GMP
+₹78.0
GMP %
+60.47%
Est. Listing
₹207.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in May 2003, Deem Roll Tech Limited manufactures steel and alloy rolls that are exported to more than 10 countries, including the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. As of September 30, 2023, the company has served over 340 domestic customers and 30 export customers. The company has three manufacturing Units one of which is located in Mehsana, Gujarat, the second unit is located in Dadpur, Hoogly, West Bengal and the third unit is located in Ahmedabad,Gujrat. The manufacturing unit comprises several sections, including engineering & design, mould making, melting, casting, machining, and dispatch, all of which are supported by related quality testing and assurance equipment. As of March 31, 2023, the company manufactures more than 7 kinds of Rolls. The revenue from operations for the six-month period ending on September 30, 2023, and for the fiscal years 2021, 2022, and 2023 were ₹6,379.49 lakhs, ₹9,170.45 lakhs, ₹10,337.12 lakhs, and ₹5,007.78 lakhs, respectively. This represents a compound annual growth rate (CAGR) of 27.30%. As of December 31, 2023, the company has 275 employees.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 98.26 | 92.51 | 82.63 | 78.99 |
| Total Income | 50.28 | 104.49 | 92.12 | 64.62 |
| Profit After Tax | 3.72 | 6.92 | 4.10 | 2.98 |
| NET Worth | 37.80 | 34.08 | 27.16 | 23.06 |
| Reserves and Surplus | 42.46 | 43.19 | 36.27 | 32.18 |
| Total Borrowing | 20.62 | 20.81 | 16.37 | 18.02 |
Key Ratios
EPS
₹11.40
NAV
₹58.39
ROE
16.83%
ROCE
20.26%
RoNW
20.31%
P/B Value
2.21
P/E Ratio
11.31
Market Cap
₹107.55 Cr
PAT Margin
6.69%
Debt/Equity
0.47
Peer Comparison
| Company | NAV | P/E (x) | EPS Basic | EPS Diluted | RoNW |
|---|---|---|---|---|---|
| Tayo Rolls Ltd. | -471.86 | -28.43 | -3.36 | -3.36 | — |
| Deem Roll Tech Limited This IPO | 58.39 | 11.31 | 11.86 | 11.86 | 15.52% |
Promoters
Jyoti Prasad Bhattacharya and Dev Jyotiprasad Bhattacharya
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure towards expansion of the existing manufacturing facility at Plot No. 110/1,110/2, New Survey No. 202, Village Ganeshpura, Mehsana, Gujarat, India (“Manufacturing Unit 2”) 20.00 2 Funding the Working Capital Requirements 3.50 3 General corporate purposes 0.78
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue from operations was ₹5,007.78 Cr for the fiscal year ending March 31, 2021, increasing to ₹9,170.45 Cr by March 31, 2022, and further rising to ₹10,337.12 Cr by March 31, 2023. However, for the six-month period ending September 30, 2023, revenue was ₹6,379.49 Cr. This represents a compound annual growth rate (CAGR) of 27.30%. Note that the latest figure is for a partial year and not directly comparable to full fiscal years.
Profit Trend
Profit After Tax was ₹2.98 Cr for the fiscal year ending March 31, 2021, which grew to ₹4.10 Cr by March 31, 2022, and further increased to ₹6.92 Cr by March 31, 2023. For the six-month period ending September 30, 2023, the profit was ₹3.72 Cr. As with revenue, the latest figure is for a partial year, making direct comparisons with full years less straightforward.
Valuation
At the issue price of ₹129, Deem Roll Tech has an implied P/E ratio of 11.31. This is compared to its peers, which have P/E ratios that are negative or not applicable, indicating a potentially favorable valuation relative to its sector.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. A positive GMP suggests that the stock is likely to list at a higher price than its issue price, reflecting investor demand in the unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. Consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed returns may want to avoid IPOs like this, as they can be subject to market fluctuations and uncertainty.
IPO Timeline, Explained
The IPO process involves several key dates: the issue opens on February 20, 2024, and closes on February 22, 2024. Allotment of shares will be done by February 23, 2024, and the listing on the stock exchange is expected on February 27, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment on the day of listing.
This evaluation is generated from Deem Roll Tech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Deem Roll Tech IPO GMP today?
Deem Roll Tech IPO GMP today is +₹78.0 (60.47%). GMP is an unofficial grey-market indicator and can change daily.
When does Deem Roll Tech IPO open and close?
Deem Roll Tech IPO opens on 20 February 2024 and closes on 22 February 2024.
When does Deem Roll Tech IPO list on the stock exchange?
Deem Roll Tech IPO listed on 27 February 2024 at ₹207.0.
What is the lot size for Deem Roll Tech IPO?
The lot size for Deem Roll Tech IPO is 1000 shares, requiring a minimum investment of ₹129,000.
What is the lot size for the IPO?
The lot size for Deem Roll Tech's IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹129,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹129.0.
When is the listing date for the IPO?
The listing date for the IPO is February 27, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the IPO's listing price over its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Feb 2024
Close
22 Feb 2024
Allotment
23 Feb 2024
Listing
27 Feb 2024
Similar IPOs in Iron & Steel Products
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Deem Roll Tech?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.