Deem Roll Tech Limited

About the company

## **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 Name| **Deem Roll Tech  imited**|  | Deem Roll Tech Limited IPO Opening Date| **February 20, 2024** ---|---|---|---|--- Company Established On|**2003**Deem Roll Tech Limited IPO Price band|**₹129 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   20 Feb 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   22 Feb 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   22 Feb 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   26 Feb 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   23 Feb 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   27 Feb 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.