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Deem Roll Tech Limited

Deem Roll Tech Limited

listed
₹1.29LMin. investment

Deem Roll Tech Limited IPO Details

Price range₹129 – ₹129
IPO type
SME
Lot size1000 shares
Issue size₹29.26Cr

Deem Roll Tech Limited Timeline

  1. Bid start
    20 Feb 2024
  2. Bid end
    22 Feb 2024
  3. Allotment
    22 Feb 2024
  4. Release of funds
    26 Feb 2024
  5. Demat transfer
    23 Feb 2024
  6. Listing
    27 Feb 2024

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 NameDeem Roll Tech  imited Deem Roll Tech Limited IPO Opening DateFebruary 20, 2024
Company Established On2003Deem Roll Tech Limited IPO Price band₹129 per share

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Deem Roll Tech Limited Contact Details

Company NameDeem Roll Tech Limited

How to apply for Deem Roll Tech Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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