Rosmerta Digital Services IPO opens on Nov 18: Check price band, lot size, key dates and more

Rosmerta Digital Services IPO: The ₹206.33 crore initial public offering of Rosmerta Digital Services will take place on Monday, November 18. The issue, which has set its price band at ₹140-₹147 per share, will conclude on Thursday, November 21.

The initial share sale is a fresh issue of up to 1,40,36,000 equity shares. There is no offer-for-sale component by promoters and existing shareholders.

The money raised will be used to purchase office space in Mumbai, set up warehouses and IT infrastructure, meet working capital requirements, and for general corporate purposes.

The bidding for anchor investors will take place on Thursday, November 14.

Rosmerta Digital Services IPO: Lot size

Retail investors can bid for one lot size, consisting of 1,000 shares, worth ₹1,47,000. For high net-worth individuals, the minimum investment is two lots amounting to ₹2,94,000.

The company has set aside 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors.

Beeline Capital Advisors Pvt Ltd and Narnolia Financial Services Ltd are the issue's book-running lead managers, while Link Intime India Private Ltd is the registrar.

Rosmerta Digital Services IPO: Allotment and listing date

• Bidding dates: November 18 to November 21
• Allotment: November 22
• Refund initiation: November 25
• Credit of shares to Demat: November 25
• Listing on BSE SME: November 26

Rosmerta Digital Services IPO: About the company

Rosmerta Digital Services, a subsidiary of Rosmerta Technologies Ltd, offers digitally-enabled services and digitally-enabled channel sales of automotive components and accessories. Initially, the company provided vehicle registration solutions to Original Equipment Manufacturers (OEMs) but has now expanded to services, including selling automotive components and accessories, garage services, and last-mile delivery services.

The company's promoters are Rosmerta Technologies Ltd, Shree Bankey Bihari Family, Kartick Vivek Nagpal, Karn Vivek Nagpal, and Kartick Vivek Nagpal. They presently hold 89.74% stake in the company. Post issue, their stake would be reduced to 66.02%.