The Rosmerta Digital Services SME IPO is a book-built issue valued at ₹206.33 crores, entirely as a fresh issue of 140.36 lakh shares. It will open for subscription from November 18 to November 21, 2024, and the IPO price band is set between ₹140 and ₹147 per share. Retail investors can apply with a lot size of 1,000 shares, requiring an IPO investment of ₹147,000, while HNI investors need a minimum of 2 lots, totalling ₹294,000.
The allotment is expected on November 22, 2024, and the listing on BSE SME is anticipated by November 26, 2024. Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the lead managers. At the same time, Link Intime India Private Ltd serves as the registrar, with Spread X Securities as the market maker.
The Rosmerta Digital Services Limited IPO is an upcoming SME IPO offering investors a fresh issue opportunity. With a total issue size of ₹206.33 crores, it includes a price band of ₹140 to ₹147 per share. The IPO opens for subscription on November 18, 2024, and closes on November 21, 2024. Listing on BSE SME is tentatively scheduled for November 26, 2024.
| IPO date | November 18, 2024 to November 21, 2024 |
| Price band | ₹140 to ₹147 per share |
| Face value | ₹2 per share |
| Total issue size | 14,036,000 shares(aggregating up to ₹206.33 Cr) |
| Lot size | 1000 Shares |
| Issue type | Book Built Issue IPO |
| Fresh issue | 14,036,000 shares(aggregating up to ₹206.33 Cr) |
| Share holding pre issue | 39,050,000 |
| Share holding post issue | 53,086,000 |
| Listing at | BSE SME |
| Market maker portion | 703,000 sharesSpread X Securities |
The Rosmerta Digital Services Limited IPO timeline outlines key dates for investors interested in this SME IPO. From the subscription period to listing, each stage is essential for IPO investment planning. Knowing the schedule helps investors stay updated, whether they're looking to apply or awaiting allotment. Below, you'll find a detailed table summarising all important dates for this upcoming IPO.
| IPO open date | November 18, 2024, Monday |
| IPO close date | November 21, 2024, Thursday |
| Basis of allotment | November 22, 2024, Friday |
| Initiation of refunds | November 25, 2024, Monday |
| Credit of shares to demat | November 25, 2024, Monday |
| Listing date | November 26, 2024, Tuesday |
| Cut-off time for UPI mandate confirmation | November 21, 2024, by 5 PM |
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited, launched in 2021, providing digitally-enabled services and distribution channels for automotive components. Initially offering vehicle registration services to OEMs, Rosmerta has since diversified into garage services, last-mile delivery, and automotive accessories sales.
Operating through two main areas, Digitally Enabled Services and Digital Enabled Channel Sales, the company leverages its URJA platform and MyRaasta app for seamless processes. Notable strengths include early entry into digital registrations, robust technology, OEM partnerships, and a pan-India presence. With 505 employees as of September 2024, Rosmerta Digital Services Limited IPO SME promises to be a strong contender in the SME IPO market.
The Rosmerta Digital Services Limited IPO financials highlight key metrics, offering a clear perspective on the company's performance ahead of its SME IPO. As of September 30, 2024, the market capitalisation stands at ₹780.36 crores. The IPO's ROE is recorded at 0.36%, ROCE at 0.28%, and RoNW at a strong 20.72%. Pre-IPO EPS is ₹2.71, rising to ₹5.59 post-IPO, with the P/E ratio improving from 54.33x to 26.3x. Additionally, the PAT margin is set at 16.08%, with a P/BV ratio of 8.09.
The Rosmerta Digital Services Limited IPO GMP is ₹15 as of November 5, 2024, indicating an estimated listing price of ₹162, reflecting a potential 10.20% gain per share. This valuation is instrumental for investors tracking upcoming SME IPOs.
| Period ended | September 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue | 9,253.57 | 8,419.07 | 2,978.91 | 202.7 |
| Assets | 10,013.07 | 3,744.53 | 1,932.43 | 557.14 |
| Net worth | 7,099.34 | 1,221.32 | 159.16 | -2.01 |
| Profit after tax | 1,483.72 | 1,056.52 | 161.87 | -3.01 |
| Total borrowing | - | 1,499.01 | 1,318.28 | 439.21 |
| Reserves and surplus | 6,318.34 | 1,220.32 | 158.16 | -3.01 |
| Amount in ₹ Lakhs | ||||
The Rosmerta Digital Services Limited IPO presents several strengths that make it an attractive investment in the automotive technology sector. Its end-to-end service model enhances operational efficiency, while the proprietary URJA platform and MyRaasta app streamline processes, giving Rosmerta a competitive edge.
Strategic collaborations with major OEMs like Cars24 and OLA Electric ensure a steady revenue stream supported by a strong nationwide distribution network. However, potential investors should consider certain risks. The company's high dependence on regulatory frameworks in the automotive industry may impact revenues if policies shift unfavourably. Additionally, its capital-intensive expansion plans could strain cash flows, and the increasing competition in the digital automotive services market may threaten market share.
Should you invest in the Rosmerta Digital Services Limited IPO? The answer lies in the company's clear objectives and growth strategy. Rosmerta plans to use the net proceeds for significant capital expenditures, including purchasing office space in Mumbai and setting up warehouses and experience centres across India. Thus, Rosmerta is positioning itself for expansive growth.
The investment in IT infrastructure will enhance operational efficiency, while the funding of working capital requirements ensures the company can manage its day-to-day operations effectively. Additionally, the focus on inorganic growth through strategic acquisitions indicates a forward-thinking approach to market competition. Given these factors, along with Rosmerta's established presence in the automotive technology sector, this SME IPO offers a compelling investment opportunity for those looking to diversify their portfolios in a burgeoning market.
The Rosmerta Digital Services Limited IPO is an SME public offering of 14,036,000 equity shares, each with a face value of ₹2, amounting to a total of ₹206.33 Crores. The issue price ranges between ₹140 and ₹147 per share, with a minimum order quantity of 1,000 shares.
The subscription period runs from November 18 to November 21, 2024. Link Intime India Private Ltd serves as the IPO registrar and the shares are set to be listed on the BSE SME platform.
The lot size for the Rosmerta Digital Services Limited IPO is 1,000 shares, with a minimum investment amount of ₹147,000.
The Rosmerta Digital Services Limited IPO will open for subscription on November 18, 2024, and will close on November 21, 2024.
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