Deem Roll Tech Limited IPO Closed
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About Deem Roll Tech Limited
Deem Roll Tech Limited is launching its IPO. The IPO opens for subscription on 20th February 2024 and will close on 22nd February 2024.
Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.
What does Deem Roll Tech Limited do?
Incorporated in 2003, Deem Roll Tech Limited is engaged in the manufacturing of high-quality steel and alloy Rolls in India, which is the building block of the iron and steel rolling mill industry.
They supply their rolls directly to rolling mill manufacturers (OEMs) and in the replacement market to the iron and steel rolling mills through a network of dealers/distributors and agents.
The company exports to over 10 countries, such as the USA, Germany, Europe, the Middle East, Oman, Saudi Arabia, South Africa, Nepal and Bangladesh.
As of September 30, 2023, They have overall catered to over 340 domestic customers and 30 export customers.
Schedule of Deem Roll Tech Limited IPO
| Issue Period | 20th February to 22nd February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 23, 2024 |
| Initiation of Refunds | February 26, 2024 |
| Credit of Shares | February 26, 2024 |
| Date of Listing | February 27, 2024 |
| Mandate end date | March 08, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 23, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 23, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Deem Roll Tech Limited IPO?
You can apply for the Deem Roll Tech Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Deem Roll Tech Limited IPO?
You can check the allotment status for the Deem Roll Tech Limited IPO on the website of the Registrar and Transfer agent