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  1. Deem Roll Tech IPO: Steps to check share allotment status online

Deem Roll Tech IPO: Steps to check share allotment status online

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3 min read • Updated: February 23, 2024, 5:42 PM

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Deem Roll Tech Ltd shares are expected to be listed on the National Stock Exchange (NSE) SME platform, NSE Emerge, on February 27.

Deem Roll Tech IPO: Steps to check share allotment status online

The initial public offer (IPO) of Deem Roll Tech was subscribed 246 times on the third and final day of subscription on February 22. The company received bids for 53,04,86,000 equity shares against 21,54,000 shares on offer.

The non-institutional investors’ (NII) portion of the public issue was subscribed 291 times whereas the retail individual investor category was subscribed 179.46. The public issue did not have any reserved shares for the qualified institutional buyers (QIBs).

Deem Roll Tech has appointed Bigshare Services Private Limited as the registrar for the public issue, whereas Fedex Securities Private Limited is serving as the sole book-running lead manager.

The company is scheduled to finalise the basis of allotment on Friday, February 23, after which credit of shares into the demat account of allottees will be done on February 26.

Investors who have submitted their bids in Deem Roll Tech IPO may check the allotment status of shares online on the official website of the registrar, Bigshare Services Private Limited.

How to check Deem Roll Tech IPO allotment status online?

  • Visit the official website of Bigshare Services at
  • Click on the IPO allotment link and on the new page select any of the servers.
  • Click on Dream Roll Tech as the company name from the dropdown menu. The company name will appear in the list only after the finalisation of allotment status.
  • Fill in the required credentials including PAN details, the IPO application number, DP/Client ID, and bank account number/IFSC for the customer identification process.
  • Click on Submit.
  • Your allotment status will appear on the screen. The number of shares will also be displayed on the screen in case of allotments.

Deem Roll Tech Ltd shares are expected to be listed on the National Stock Exchange (NSE) SME on February 27.

Deem Roll Tech IPO Details

Deem Roll Tech IPO consists entirely of a fresh issue of 22.68 lakh shares. There is no offer-for-sale component in the public issue by the promoter or existing shareholders of the company.

The company had set a fixed price band of ₹129 per equity share at a face value of ₹10 each. The lot size for retail investors was 1,000 shares aggregating to a minimum application value of ₹1.29 lakh. The minimum lot size for high net worth individuals (HNIs) was set at 2,000 shares, totalling to ₹2.58 lakh.

The company’s promoters Jyoti Prasad Bhattacharya and Dev Bhattacharya presently hold 53,85,732 shares, aggregating to 88.74% stake in Deem Roll Tech. The promoter shares will be diluted to 64.60% stake in the company, post the public issue.

The money raised in the IPO will be used by Deem Roll Tech for capital expenditure of its existing manufacturing facility in Gujarat's Mehsana. Part of the funds will also be used by the company for general corporate purposes.

Deem Roll Tech Limited is a manufacturer and exporter of steel and alloy rolls. It owns and operates three manufacturing units in India located at Mehsana and Ahmedabad in Gujarat and Hooghly in West Bengal.

As of December 30, 2023, the company had over 340 domestic and 30 export customers. Outside India, Deem Roll Tech markets its products in the USA, Germany, Europe, South Africa, the Middle East, Oman, Saudi Arabia, Nepal and Bangladesh.