Deem Roll Tech IPO opens for subscription; catch price band, lot size, other key details here

Deem Roll Tech IPO: Steel and alloy rolls manufacturer Deem Roll Tech launched an initial public offer (IPO), worth an estimated Rs 29 crore, in the SME segment on Tuesday, February 20. The subscription window for the IPO will be available, from 10 am to 5 pm, for three trading days, till February 22.

Here are a few important details about the Deem Roll Tech IPO:

Deem Roll Tech IPO allotment date

The basis of the allotment of shares under the IPO of Deem Roll Tech is set to be finalised tentatively on February 23.

Deem Roll Tech IPO listing date

Deem Roll Tech shares are likely to be listed on stock exchange NSE's SME platform, tentatively on February 27.

Deem Roll Tech IPO price band

The issue is a fixed-price offer with an issue price of Rs 129 per share.

Deem Roll Tech IPO lot size

The minimum lot size for an application is 1,000 shares, amounting to Rs 1,29,000 per lot.

Deem Roll Tech IPO: Book-running lead managers

Fedex Securities Pvt Ltd is the book-running lead manager for the issue, while Bigshare Services Pvt Ltd is the registrar.

What does Deem Roll Tech do?

Incorporated in 2003, Deem Roll Tech manufactures steel and alloy rolls.

Deem Roll Tech IPO: Fund utilisation

The company intends to utilise the proceeds for the following:

• Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India;
• Funding its working capital requirements
• Funding general corporate purposes

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