Deem Roll Tech Limited

About  Deem Roll Tech Limited

Incorporated in 2003, Deem Roll Tech Limited, a prominent player in the steel and alloy Rolls manufacturing sector. With the global economy heavily reliant on metals, particularly steel, for industrialization, Deem Roll Tech Limited has positioned itself as a key contributor to this essential industry.

The company prides itself on its commitment to producing high-quality steel and alloy Rolls, which serve as the fundamental components in the iron and steel rolling mill industry. Leveraging their extensive experience spanning two decades, Deem Roll Tech Limited has established a reputation for excellence, synonymous with quality and reliability in Roll manufacturing.

Their diverse range of Rolls caters to both domestic and international markets, finding application in iron and steel rolling mill industries worldwide. Whether it's standard specification Rolls or customized solutions tailored to meet specific customer requirements, Deem Roll Tech Limited delivers with precision and efficiency.

Operating through a well-established network of dealers, distributors, and agents, Deem Roll Tech Limited supplies Rolls directly to rolling mill manufacturers ("OEMs") and serves the replacement market for iron and steel rolling mills. Their global footprint extends to over 10 countries, including the USA, Germany, Europe, Middle East, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh, with a substantial customer base both domestically and internationally.

As Deem Roll Tech Limited prepares for its highly anticipated Initial Public Offering (IPO), the company has outlined a strategic plan for the optimal allocation of proceeds from the Fresh Issue. This commitment to prudent financial management reflects their dedication to sustainable growth and continued success in the dynamic steel industry landscape.

• Funding capital expenditure towards the expansion of its existing manufacturing facility at Mehsana, Gujarat, India;
• Funding its Working Capital Requirements; and
• General Corporate Purpose

Here are key details about the Deem Roll Tech Limited IPO:

Company Name	Deem Roll Tech  imited		Deem Roll Tech Limited IPO Opening Date	February 20, 2024
Company Established On	2003		Deem Roll Tech Limited IPO Allotment Status	February 23, 2024
Deem Roll Tech Limited IPO Closing Date	February 22, 2024		Deem Roll Tech Limited IPO Listing Date	February 27, 2024
Credit of Shares to the Demat Account	February 26, 2024		Deem Roll Tech Limited IPO Lot Size	1000 Shares
Deem Roll Tech Limited IPO Face Value	₹10 per share		Deem Roll Tech Limited IPO to be Listed on	NSE
Deem Roll Tech Limited IPO Issue Size	₹29.26 Cr		Deem Roll Tech Limited IPO Price band	₹129 per share