Deem Roll Tech IPO: Deem Roll Tech – a manufacturer of steel and alloy rolls, will launch an initial public offering (IPO) tomorrow. His two-day IPO of this small business will close on February 22nd. The company says: INR129 per share, totaling INR299.98 million.The latest issue sizes are as follows INRReduced by 32.25 million yen INR299.28 million based on the pre-IPO issuance amount, and the revised issuance amount is $299.28 million. INR29,257,200. ”
Deem Roll Tech IPO: What is the price range?
The price range is set by INRPar value of $129 per share INR10 pieces per share.
Deem Roll Tech IPO: What are the details of the IPO?
IPO is a fixed price issue. INRThe 29.26 billion shares fully includes 22.68 million new shares.Investors can bid a minimum of 1,000 shares and multiples thereof, but the minimum investment required for individual investors is INR129,000.
Deem Roll Tech IPO: Who is the promoter?
The promoters are Jyoti Prasad Bhattacharya and Dev Jyoti Prasad Bhattacharya.
Deem Roll Tech IPO: How will the company use the proceeds?
The company plans to utilize the net proceeds from the new issue to fund capital expenditures for expansion of its existing manufacturing facility in Gujarat. It also provides funding for working capital requirements and general corporate purposes.
Deem Roll Tech IPO: What should you know about the company?
The company exports steel and alloy rolls to more than 10 countries, including the United States, Germany, Oman, Saudi Arabia, South Africa, Nepal, and Bangladesh. The company has three manufacturing units, two in Gujarat and one in West Bengal.
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