Deem Roll Tech IPO allotment: Check status, GMP and other details

The allotment of the SME IPO of Deem Roll Tech will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Investors can check the status of Deem Roll Tech IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.

Follow the step by step process mentioned below to check the status of allotment.


Step 1: Visit the IPO Allotment Status page on Bigshare Services website (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

Deem Roll Tech GMP

In the unlisted market, the company's shares are fetching a GMP of Rs 45, compared with an upper price band of Rs 129.

The IPO was subscribed 250 times at close, driven by heavy bidding across categories. The part reserved for retail investors was booked 180 times and the NII portion was subscribed 312 times.

The company is engaged in manufacturing high-quality steel and alloy Rolls in India, which is the building block of the iron and steel rolling mill industry. The rolls manufactured by the company find its applications in the iron and steel rolling mill industries in the domestic and international markets.

The net proceeds from the public offer will be used for funding capex towards expansion of existing manufacturing units, working capital requirements and general corporate purposes.

For the period ended September 2023, the company clocked revenues of Rs 50.07 crore and net profit of Rs 3.71 crore.

Fedex Securities is acting as the lead manager to the issue and Bigshare Services is the registrar.

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