Rosmerta Digital Services, biggest SME IPO, to open for subscription on Nov 18

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    Overview of the Company, Core Business, and Market Position:

    Rosmerta Digital Services Limited, established in 2021 and a subsidiary of Rosmerta Technologies Limited (RTL), is a key player in providing digitally enabled services for automotive components and accessories distribution. The company's offerings range from vehicle registration for OEMs to advanced garage services, with a notable presence in electric two-wheeler registration in India.
    Their technological edge lies in platforms like URJA and MyRaasta, streamlining processes from vehicle registrations to distribution. Rosmerta's expansion into component sales in 2023 further cemented its market leadership, supported by over 150 distribution partners and collaborations with industry giants like OLA Electric and Royal Enfield.

    Rosmerta Digital Services IPO Details and Objectives

    Details

    Information

    IPO Date

    November 18, 2024 to November 21, 2024

    Listing Date

    Tentatively November 26, 2024

    Face Value

    ₹2 per share

    Price Band

    ₹140 to ₹147 per share

    Lot Size

    1000 Shares

    Total Issue Size

    14,036,000 shares (aggregating up to ₹206.33 Cr)

    Issue Type

    Book Built Issue IPO

    Listing At

    BSE SME

    Purpose of the IPO:

    • Funding capital expenditure for purchasing office space in Mumbai.
    • Setting up warehouses, model workshops, and experience centers
    • Establishing IT infrastructure
    • Meeting working capital requirements.
    • Supporting inorganic growth through acquisitions
    • General corporate purposes

     Timeline of Rosmerta Digital Services IPO

    Event

    Date

    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

    Pricing & Lot Size of Rosmerta Digital Services IPO

    Price Band for the IPO:

    • ₹140 to ₹147 per share

    Minimum Lot Size and Application Details:

    • Minimum Lot Size: 1000 shares
    • Retail Minimum Investment: ₹147,000
    • HNI Minimum Investment (2 lots): ₹294,000

    How to Apply for the Rosmerta Digital Services IPO?

    Online Application Process:

    • Login to your trading account with Bajaj Broking.
    • Navigate to the IPO section and select ' Rosmerta Digital Services IPO.'
    • Enter the number of lots you wish to apply for.
    • Confirm the bid at the price within the band and submit.
    • Ensure UPI mandate confirmation by 5 PM on the closing date for successful application.

    Financial Health and Performance

    Key Financial Metrics:

    • Revenue surged by 183% from FY 2023 to FY 2024, showcasing significant growth in the company's operations.
    • Profit After Tax (PAT) demonstrated a substantial increase of 553% during the same period, reflecting the company's improved profitability and operational efficiency.
    • As of September 30, 2024, the company’s total assets amounted to ₹10,013.07 lakhs, marking a substantial rise from previous years.
    • Net Worth as of September 2024 stood at ₹7,099.34 lakhs, showing a strong financial foundation compared to ₹1,221.32 lakhs in March 2024.
    • The reserves and surplus reached ₹6,318.34 lakhs as of September 2024, indicating robust financial health.

    Recent Performance and Growth Prospects:

    • Rosmerta Digital Services holds a dominant position in electric two-wheeler registration, leveraging its market expertise to capitalize on emerging trends.
    • Strategic partnerships with industry leaders, including OLA Electric and Royal Enfield, have strengthened its market presence and growth potential.
    • The company’s expansion into digital channel sales and automotive components distribution demonstrates a forward-looking approach, paving the way for sustained growth and industry disruption.

    Investment Risks and Opportunities

    Potential Risks of Investing in the IPO:

    • Market volatility in the automotive sector
    • Dependence on key clients and partnerships
    • Regulatory challenges

    Opportunities and Growth Potential:

    • Increasing digitization in automotive services
    • Expansion potential with new service offerings
    • Strong industry partnerships

    Key Performance Indicator (KPI)

    KPI

    Values

    ROE

    0.36%

    ROCE

    0.28%

    RoNW

    20.72%

    P/BV

    8.09

    PAT Margin (%)

    16.08%

    Rosmerta Digital Services IPO Registrar & Lead Managers

    Category

    Details

    Registrar

    Link Intime India Private Ltd

    Lead Managers

    Narnolia Financial Services Ltd, Beeline Capital Advisors Pvt Ltd

    Company Address of Rosmerta Digital Services Ltd

    • Address: 402, 4th Floor, World Trade Tower, Barakhamba Lane, Connaught Place - 110001
    • Phone: +91-92894 80509
    • Email: cs@rosmertadigital.com
    • Website: www.rosmertadigital.com

    Conclusion

    The Rosmerta Digital Services IPO showcases the company's engagement in the digital automotive space through its platforms and partnerships. Potential investors are encouraged to thoroughly review the offer documents and related financial statements before making any investment decisions to ensure a clear understanding of the company's operations, market position, and associated risks.

    Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

    This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

    For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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    Frequently Asked Questions

    Who is the CEO of Rosmerta Digital Services Ltd?

    Answer Field

    The CEO of Rosmerta Digital Services Ltd is [Name as per RHP].

    When will the Rosmerta Digital Services IPO open for subscription?

    Answer Field

    The IPO opens on November 18, 2024, and closes on November 21, 2024.

    What is the price band for the Rosmerta Digital Services IPO, and how was it determined?

    Answer Field

    The price band is set at ₹140 to ₹147 per share, determined based on valuation and market demand.

    What are the key risks and rewards of investing in the Rosmerta Digital Services IPO?

    Answer Field

    Key risks include market volatility and client dependence, while rewards focus on growth in digital automotive services.

    What documents should I review before investing in the Rosmerta Digital Services IPO?

    Answer Field

    Investors should review the RHP, financial statements, and market prospectus.

    What are the lock-up period details for the Rosmerta Digital Services IPO?

    Answer Field

    The anchor lock-in period for 50% shares ends on December 22, 2024, and for the remaining shares on February 20, 2025.

    Will Rosmerta Digital Services IPO pay dividends?

    Answer Field

    Dividend details, if applicable, will be provided in future earnings announcements.

    No Result Found

    Published Date : 07 Nov 2024

    Disclaimer :

    Investments in securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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