Deem Roll Tech Ltd marked a remarkable debut on NSE SME, opening at ₹200 per share, up 55% from the issue price of ₹129. The IPO’s strong initial performance, set at ₹129 per share, featured a minimum lot size of 1,000 shares, providing investors the option to increase their stake in multiples of this base quantity.
Deem Roll Tech, a leader in India’s steel rolls market with 20 years of experience, specializes in high-quality, customized roll solutions for rolling mills worldwide. Operating three advanced manufacturing units in Gujarat and West Bengal, the company produces a variety of rolls like S.G Iron and Alloy Steel, all ISO 9001:2015 certified and rigorously tested, ensuring top-notch quality and performance for diverse applications.
Deem Roll Tech’s IPO aims to expand its Manufacturing Unit 2 in Mehsana, Gujarat with INR 22.4618 crores, fund working capital for growth, and allocate remaining funds for general corporate purposes like strategic initiatives, acquisitions, R&D, and operational expenses.