The Rosmerta Digital Services IPO is a book-built public offering valued at ₹206.33 crores, consisting entirely of a fresh issue totaling 140.36 lakh shares.
The IPO subscription period is scheduled from November 18, 2024, to November 21, 2024, with the allotment expected to conclude by November 22, 2024. Following this, the shares are set to list on the BSE SME, tentatively on November 26, 2024.
The IPO price range has been set between ₹140 and ₹147 per share. For retail investors, the minimum application size is 1,000 shares, requiring an investment of ₹147,000. High-net-worth individuals (HNIs) have a minimum investment size of 2 lots, or 2,000 shares, amounting to ₹294,000.
Refer to Rosmerta Digital Services IPO RHP for detailed information.
| IPO Date | November 18, 2024 to November 21, 2024 |
| Listing Date | November 26, 2024 |
| Face Value | ₹ 2 / Share |
| Price Band | ₹ 140 to ₹ 147 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | ₹206.33 Cr |
| Fresh Issue | ₹206.33 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 39,050,000 |
| Share holding post issue | 53,086,000 |
| Market Maker portion | 703,000 shares |
Rosmerta Digital Services Limited IPO opens on November 18, 2024, and closes on November 21, 2024.
| IPO Open Date | November 18, 2024 |
| IPO Close Date | November 21, 2024 |
| Basis of Allotment | November 22, 2024 |
| Initiation of Refunds | November 25, 2024 |
| Credit of Shares to Demat | November 25, 2024 |
| Listing Date | November 26, 2024 |
| Cut-off time for UPI mandate confirmation | November 21, 2024 |
A minimum of 1,000 shares, along with multiples of this amount, can be bid by investors. The minimum and maximum investment requirements, in terms of both shares and amount, are outlined for retail investors and HNIs.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | Rs.147,000 |
| Retail (Max) | 1 | 1,000 | Rs.147,000 |
| S-HNI (Min) | 2 | 2,000 | Rs.294,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 89.74% |
| Share Holding Post Issue | 66.02% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | 2024-11-14 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 58.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 20, 2025 |
Rosmerta Digital Services Limited, founded in 2021 as a subsidiary of Rosmerta Technologies Limited (RTL), focuses on providing digitally-enabled services and distribution channels for automotive components and accessories. Initially, vehicle registration services were offered to original equipment manufacturers (OEMs), and since then, the company has expanded to include a wider range of services, such as garage services, last-mile delivery, and the sale of automotive components and accessories.
The company’s operations are organized into two key business areas:
Digitally Enabled Services: Technology-enabled services, including vehicle registrations, last-mile delivery, and garage support, are provided to simplify processes for OEMs and vehicle sales companies like Cars24. The URJA platform facilitates workflow efficiency, covering title transfers, regulatory approvals, and the last-mile delivery of High Security Registration Plates (HSRP).
Digitally Enabled Channel Sales: In 2023, Rosmerta Digital Services expanded its offerings to include automotive components with a network of over 150 distribution partners. Known for its expertise in electric two-wheeler registration, the company collaborates with brands like OLA Electric and Royal Enfield. The URJA platform continues to optimize workflows, while the MyRaasta app supports garage partners, reinforcing Rosmerta Digital’s reputation for operational efficiency and customer satisfaction.
| KPI | Values |
|---|---|
| ROE | 0.36% |
| ROCE | 0.28% |
| Debt/Equity | |
| RoNW | 20.72% |
| P/BV | 8.09 |
| PAT Margin (%) | 16.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.71 | 5.59 |
| P/E (x) | 54.33 | 26.3 |
The net proceeds from the issue are intended to be utilized by the company to achieve the following objectives:
Funding capital expenditure for the purchase of office space in Mumbai.
Funding capital expenditure for establishing warehouses, model workshops, and experience centers in various locations across India.
Funding capital expenditure for establishing IT infrastructure.
Funding the working capital requirements of the company.
Funding expenditures for inorganic growth through acquisitions and other strategic initiatives.
For general corporate purposes.
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/ |
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 |
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