Rosmerta Digital Services IPO Details: Everything You Need to Know
Rosmerta Digital Services Limited, a rapidly growing subsidiary of Rosmerta Technologies Limited, has announced its Initial Public Offering (IPO). Here’s a detailed breakdown of its IPO date, price, allotment details, company performance, and more.
Overview of Rosmerta Digital Services IPO
- IPO Open Date: 2024
- IPO Close Date: 2024
- IPO Type: Book Built Issue
- Total Issue Size: Approximately ₹206.33 crores, including a fresh issue of ₹206.33 crores and an offer for sale (OFS).
- Face Value: ₹2 per equity share
- Price Band: ₹140 – ₹147 per share
- Market Listing: BSE SME
The IPO is expected to generate significant interest due to the company’s impressive growth trajectory and diverse service offerings.
Breakdown of Investor Quotas
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NII or HNIs): 15%
Rosmerta Digital Services Financial Overview
The company has demonstrated exponential growth in both revenue and profits over the past two years.
| Year | Revenue (₹ Cr) | Profit (₹ Cr) |
|---|---|---|
| 2023 | ₹29.79 | ₹1.62 |
| 2024 | ₹84.19 | ₹10.57 |
| September 2024 | ₹92.54 | ₹14.84 |
This growth underscores Rosmerta’s ability to scale operations and deliver consistent financial performance.
Key IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | 2024 |
| IPO Close Date | 2024 |
| Basis of Allotment | 2024 |
| Refund Initiation Date | 2024 |
| Credit to Demat Accounts | 2024 |
| Listing Date | 2024 |
Market Lot Details
- Minimum Lot Size: 1,000 shares
- Minimum Application Amount: ₹147,000
- HNI Minimum Lot Size: 2,000 shares
Market Lot Table:
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹147,000 |
| Retail Maximum | 1 | 1,000 | ₹147,000 |
| HNI Minimum | 2 | 2,000 | ₹294,000 |
Objects of the Issue
The funds raised from the IPO will be used for:
- Acquisition of office space in Mumbai.
- Setting up warehouses, workshops, and experience centers.
- Establishing IT infrastructure.
- Meeting working capital requirements.
- Supporting inorganic growth and strategic acquisitions.
- General corporate purposes.
About Rosmerta Digital Services
Rosmerta Digital Services Limited was incorporated in 2021 and operates in two primary segments:
- Digitally Enabled Services: Vehicle registration, transfer of ownership, approvals from State Transport Authorities, and subsidy facilitation.
- Digitally Enabled Distribution Channels: Automotive components and accessories through over 150 channel partners.
Notable partnerships include collaborations with OLA Electric and Royal Enfield to enhance their vehicle registration and sales processes.
Valuation and Financial Metrics
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 1.53% |
| Return on Capital Employed (ROCE) | 1.03% |
| EBITDA Margin | 18.25% |
| PAT Margin | 12.55% |
| Debt-to-Equity Ratio | 1.23 |
| EPS (Basic) | ₹3.01 |
| NAV | ₹20.21 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| BLS E-services Limited | 1.03 | 217.53 | 1.85% | ₹43.19 | ₹39.67 |
Promoters of Rosmerta Digital Services
- M/s Rosmerta Technologies Limited
- M/s Shree Bankey Bihari Family Trust
- Mr. Karn Vivek Nagpal
- Mr. Kartick Vivek Nagpal
Lead Managers (Merchant Bankers)
- Narnolia Financial Services Ltd
- Beeline Capital Advisors Pvt Ltd
IPO Registrar
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: rosmerta.ipo@linkintime.co.in
- Website: Link Intime IPO Portal
Application Process
Investors can apply through:
- ASBA Online: Available via banking portals.
- UPI Payment: Through stockbroker platforms.
- Offline Form Submission: Via stockbrokers.
Rosmerta Digital Services IPO FAQs
1. What is the Rosmerta Digital Services IPO price band?
The IPO price band is set between ₹140 and ₹147 per equity share.
2. When will the IPO open and close?
The IPO opens and closes in 2024. Exact dates to be announced.
3. How to apply for the IPO?
Applications can be made via ASBA or through UPI-enabled stockbrokers.
4. What is the minimum investment required?
The minimum investment is ₹147,000 for one lot of 1,000 shares.
5. What is the listing date?
The IPO is expected to list in 2024 on the BSE SME platform.
Note: IPO dates and details are subject to change. Stay updated for announcements regarding IPO postponements or changes.
Summary of Rosmerta Digital Services IPO
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies, is set to launch its IPO in 2024. The company aims to raise approximately ₹206.33 crores through this Book Built Issue IPO. The price band for the shares is ₹140 – ₹147, with a minimum lot size of 1,000 shares, amounting to ₹147,000.
Key IPO Details:
- IPO Open and Close Dates: To be announced (2024).
- Issue Size: ₹206.33 crores (comprising a fresh issue and an offer for sale).
- Listing Platform: BSE SME.
- Retail Quota: 35%.
- Face Value: ₹2 per equity share.
Company Overview:
Rosmerta Digital Services, incorporated in 2021, operates in two segments:
- Digitally Enabled Services: Vehicle registration, ownership transfer, and subsidy assistance.
- Distribution Channels: Automotive components and accessories sales, supported by over 150 partners.
The company has partnerships with brands like OLA Electric and Royal Enfield and has reported a significant revenue and profit increase from 2023 to 2024.
Financial Highlights (₹ in crores):
| Year | Revenue | Profit |
|---|---|---|
| 2023 | ₹29.79 | ₹1.62 |
| 2024 | ₹84.19 | ₹10.57 |
| Sep 2024 | ₹92.54 | ₹14.84 |
Application Process:
Investors can apply via ASBA online, UPI-enabled stockbroker platforms, or offline forms.
Objects of the Issue:
The funds will be used for office space acquisition, setting up warehouses, IT infrastructure, working capital, and corporate purposes.
Promoters:
- M/s Rosmerta Technologies Limited
- M/s Shree Bankey Bihari Family Trust
- Mr. Karn Vivek Nagpal and Mr. Kartick Vivek Nagpal
Conclusion:
With its robust financials and industry growth, Rosmerta Digital Services IPO is an attractive opportunity for long-term investors. Keep an eye on the final dates and updates for subscription.