Rosmerta Digital IPO Details: The Rosmerta Digital Services IPO is scheduled to open on November 18, 2024, and will close on November 21, 2024. This is a Book Built Issue, aiming to raise approximately ₹206.33 crores. The IPO includes a fresh issue worth ₹206.33 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹2.
The IPO is priced in the range of ₹140 to ₹147 per share. The allocation breakdown is 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are expected to be listed on the BSE on November 26, 2024, with allotment finalization set for November 22, 2024.
Financially, the company showcased strong growth, reporting revenue of ₹84.19 crores in 2024, up from ₹29.79 crores in 2023. Profit also saw a significant rise, increasing from ₹1.62 crores in 2023 to ₹10.57 crores in 2024. Based on these financials, the IPO appears to be a solid investment for long-term gains.
Rosmerta Digital IPO Objectives:
- Funding the capital expenditure for the purchase of office space in Mumbai;
- Funding the capital expenditure for setting up warehouses, model workshops, and experience centers in various parts of India;
- Funding the capital expenditure for setting up IT infrastructure;
- Funding the Working Capital Requirement of the Company;
- Funding expenditure for inorganic growth through acquisitions and other strategic initiatives; and
- General Corporate Purposes.
Rosmerta Digital IPO Review (Apply or Not)
- Update soon
Rosmerta Digital IPO Date & Price Band Details:
| IPO Open Date: | November 18, 2024 |
| IPO Close Date: | November 21, 2024 |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹140 to ₹147 Per Share |
| Issue Size: | Approx ₹206.33 Crores |
| Fresh Issue: | Approx ₹206.33 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Rosmerta Digital IPO Lot Size:
The minimum investment for the Rosmerta Digital Services IPO requires a market lot of 1,000 shares, which amounts to an application value of ₹147,000.
| Application | 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 |
Rosmerta Digital IPO Timeline:
The Rosmerta Digital Services IPO will open on November 18 and close on November 21. The allotment is set to be finalized on November 22, with the shares expected to list on the market on November 26.
| IPO Open Date: | November 18, 2024 |
| IPO Close Date: | November 21, 2024 |
| Basis of Allotment: | November 22, 2024 |
| Refunds: | November 25, 2024 |
| Credit to Demat Account: | November 25, 2024 |
| IPO Listing Date: | November 26, 2024 |
Rosmerta Digital IPO GMP Today:
The latest GMP (Grey Market Premium) for the Rosmerta Digital Services SME IPO stands at ₹22. Based on the upper price band of ₹147, the estimated listing price is ₹169 (cap price + current GMP). This suggests a potential gain of approximately 14.97% per share.
Promoters of Rosmerta Digital Services IPO
The company’s promoters are Rosmerta Technologies Limited, Shree Bankey Bihari Family Trust, Mr. Karn Vivek Nagpal, and Mr. Kartick Vivek Nagpal.
About Rosmerta Digital Services IPO
Founded in 2021, Rosmerta Digital Services Limited is a subsidiary of Rosmerta Technologies Limited, specializing in digital services and a digital distribution channel for automotive components and accessories. The company initially focused on offering vehicle registration services for OEMs, but has since expanded its portfolio to include garage services, last-mile delivery, and sales of automotive components and accessories.
Rosmerta Digital Services operates in two key areas:
- Digitally Enabled Services, including vehicle registration, ownership transfers, State Transport Authority approvals, FAME and State subsidy assistance, and other Regional Transport Office-related support.
- Digitally Enabled Distribution Channel Sales, which began in 2023, focusing on the automotive components and accessories market, supported by a network of over 150 active channel partners.
The company recently partnered with OLA Electric and Royal Enfield to handle registration for their direct-to-consumer vehicle sales. Between March 31, 2023, and March 31, 2024, Rosmerta Digital Services experienced impressive growth, with revenue increasing by 183% and profit after tax (PAT) soaring by 553%.
Rosmerta Digital Services IPO Company Financial Report
The company reported revenue of ₹84.19 crores in 2024 against ₹29.79 crore in 2023. The company reported profit of ₹10.57 crores in 2024 against Profit of ₹1.62 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹2.03 | ₹2.04 | ₹0.03 | ₹5.57 |
| 2023 | ₹29.79 | ₹27.56 | ₹1.62 | ₹19.32 |
| 2024 | ₹84.19 | ₹70.07 | ₹10.57 | ₹37.45 |
| September 2024 | ₹92.54 | ₹29.59 | ₹14.84 | ₹100.13 |
Rosmerta Digital Services IPO Valuation – FY2024
Check Rosmerta Digital Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 1.53% |
| ROCE: | 1.03% |
| EBITDA Margin: | 18.25% |
| PAT Margin: | 12.55% |
| Debt to equity ratio: | 1.23 |
| Earning Per Share (EPS): | ₹3.01 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 86.51% |
| Net Asset Value (NAV): | ₹20.21 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| BLS E-services Limited | 1.03 | 217.53 | 1.85 | 43.19 | 39.67 Cr. |
Rosmerta Digital Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rosmerta.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
- Beeline Capital Advisors Pvt Ltd
Company Address
Rosmerta Digital Services Limited
402, 4th Floor, World Trade Tower,
Barakhamba Lane,
Connaught Place – 110001
Phone: +91-92894 80509
Email: cs@rosmertadigital.com
Website: http://www.rosmertadigital.com/
Rosmerta Digital Services IPO FAQs
What is the Rosmerta Digital Services IPO?
The Rosmerta Digital Services IPO is an SME offering aiming to raise ₹206.33 crores. The IPO price is set between ₹140 and ₹147 per share, and it will be listed on the BSE SME.
When will the Rosmerta Digital Services IPO open for subscription?
The IPO will be available for subscription starting November 18 for QIBs, NIIs, and retail investors, closing on November 21.
What is the Investor Allocation for the Rosmerta Digital Services IPO?
The allocation is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors.
How to Apply for the Rosmerta Digital Services IPO?
You can apply for the IPO through ASBA (Application Supported by Blocked Amount) online using your bank account. Alternatively, you can apply via UPI through your stockbroker’s platform or by filling out the offline form with your stockbroker.
What is the Issue Size of the Rosmerta Digital Services IPO?
The total issue size is ₹206.33 crores.
What is the Price Band for the Rosmerta Digital Services IPO?
The price band ranges from ₹140 to ₹147 per share.
What is the Minimum Lot Size for the Rosmerta Digital Services IPO?
The minimum bid size is 1,000 shares, requiring an investment of ₹147,000.
What is the Allotment Date for the Rosmerta Digital Services IPO?
The allotment is scheduled for November 22.
When will the Rosmerta Digital Services IPO be Listed?
The shares are expected to be listed on the BSE SME on November 26.
