Rosmerta Digital Services’ IPO is a book-built issue amounting to Rs 206.33 crores, consisting entirely of a fresh issue of 140.36 lakh shares.
The IPO will open for subscription on November 18, 2024, and close on November 21, 2024. The allotment of shares is anticipated to be finalized by Friday, November 22, 2024. Rosmerta Digital Services shares are scheduled to list on the BSE SME, with a tentative listing date set for Tuesday, November 26, 2024.
Rosmerta Digital Services operates in the digital services and automotive technology sector. They provide a range of tech-driven solutions, including vehicle registration services, last-mile delivery, garage services, and digitally enabled channel sales of automotive components and accessories. Their mission is to revolutionize service delivery with cutting-edge technology and positively impact the lives of millions of Indians by 2030.
The IPO price band is between ₹140 and ₹147 per share, and the minimum application lot size is 1,000 shares. Retail investors need to invest at least ₹147,000. For HNI investors, the minimum investment is 2 lots (2,000 shares), totaling ₹294,000.
The book-running lead managers for the Rosmerta Digital Services IPO are Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd, with Link Intime India Private Ltd serving as the registrar. Spread X Securities is the market maker for the issue.
Rosmerta Digital Services IPO Details:
| Company Name | Rosmerta Digital Services Limited |
| Sector | Digital Services and Automotive |
| IPO Type | SME |
| IPO Open date | 18th Nov 2024 |
| IPO Close date | 21st Nov 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Rosmerta Digital Services IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,47,000 |
| HNI (Min) | 2 | 2000 | 2,94,000 |
Rosmerta Digital Services IPO Timeline:
| IPO Open Date | 18th Nov 2024 |
| IPO Close Date | 21st Nov 2024 |
| Basis of Allotment | 22nd Nov 2024 |
| Refund Initiation Date | 25th Nov 2024 |
| Shares Credit to Demat | 25th Nov 2024 |
| Listing Date | 26th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Rosmerta Digital Services’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Digital Services and Automotive Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Rosmerta Digital Services and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
