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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.

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