Loading...

Home >> Blog >> Rosmerta Digital Services IPO date, price, GMP

Rosmerta Digital Services IPO date, price, GMP

  


Rosmerta Digital Services IPO-Complete Overview  

Rosmerta Digital Services IPO an SME IPO is a book-built issue of Rs.206.33 crore by Rosmerta Digital Services Limited. This company was established in 2021. It is a subsidiary of Rosmerta Technologies Limited (RTL), which offers automobile accessories and components with digitally-enabled services and digitally-enabled channels.

The company started as vehicle registration services to the original equipment manufacturers (OEMs). It has grown to include garage maintenance, last-mile delivery, and the selling of auto parts and accessories.

The company has two main business areas:

1. Digitally Enabled Services: Here the company offers technology-enabled vehicle registrations, last-mile delivery, and garage services, simplifying processes for OEMs and vehicle sales companies such as Cars24. The services, which include title transfers and last-mile HSRP delivery, were to be complemented by the streamlined workflows of the company's URJA platform.

2. Digital Enabled Channel Sales: In 2023, the company ventured into automotive parts with more than 150 distribution partners thereby ensuring efficient delivery. The company, which collaborates with Royal Enfield and OLA Electric, is driving the registration process for electric two-wheelers. The MyRaasta app helps garage partners and continues to maintain Rosmerta Digital's efficiency and client satisfaction credentials while the URJA platform of the firm streamlines workflows. This Rosmerta Digital IPO will start on ---, and its ‘initial public offering’ will end on ---.

(IPO Dates will be announced later)

 

Rosmerta IPO Overview

The Rs.206.33 crore new SME IPO  comprises a wholly fresh issue of 140.36 lac Shares. 

This upcoming IPO date is from --- to ---. The Rosmerta Digital Services Limited IPO price band is Rs.140 to Rs.147 for each Share. 

The expected IPO listing date is ---, and listing at BSE and SME.

If you want to apply for the IPO, Click Here to open a Demat Account.

 

Company Financial

(Amount in Lac)

Period

30 Sep 2024

31 Mar 2024

31 Mar 2023

Total Assets 

10,013.07

3,744.53

1,932.43

Total Revenue

9,253.57

8,419.07

2,978.91

PAT

1,483.72

1,056.52

161.87

Net Worth

7,099.34

1,221.32

159.16

Total Reserves & Surplus

6,318.34

1,220.32

158.16

Borrowings

-

1,499.01

1,318.28

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in thousands)

Net Cash Flow In Multiple Activities

30 Sep 2024

31 Mar 2024

31 Mar 2023

Net Cash Flow Operating Activities

-98,584

20,870

-64,393

Net Cash Flow Investing Activities

-2,15,123

-399

-1,162

Net Cash Flow Financing Activities

2,83,452 

7,265

81,358

 

Segment-wise Revenue Breakdown  

(Amount in thousands)

Particulars

30 Sep 2024

31 Mar 2024

31 Mar 2023

Digitally Enabled Services

3,85,566

4,16,278 

2,39,751 

Digitally Enabled Channel Sales

5,36,857

4,25,622

58,140 

 

State-wise Revenue Breakdown  

(Amount in thousands)

Particulars

HY1 FY2024-25 

FY2024

FY2023

Karnataka 

2,78,780

3,74,778

1,78,640 

Maharashtra 

3,88,275

3,02,617 

1,613

Uttar Pradesh

49,883

24,697

30,974

Haryana 

36,600

27,984

8,032

Rajasthan

27,138

9,937

13,334

Tamil Nadu 

20,676

24,501

6,726

Punjab 

13,896

6,938

16

Delhi

21,445

16,341

27,606

Madhya Pradesh

21,855

1,182

649

Telangana

11,044

741

991

Bihar 

8,723

1,318

2,417

Andhra Pradesh

8,006

6,104

5,889

Kerala  

6,373

10,324

8,536

Gujarat 

5,150

13,037

3,360

West Bengal

4,335

5,341

1,363

Odisha 

3,130

4,434

5,297

Chandigarh 

3,464

8,623

-

Jharkhand 

2,501

133

260 

Assam

1,259

2,080

106

Chhattisgarh 

6,673

533 

1,649

Himachal Pradesh

1,619

8

24

Uttarakhand 

863

109

75 

Goa 

159

4

62

Pondicherry

111

99

67

Jammu & Kashmir

165

-

205 

Daman & Diu 

190

-

-

Lakshadweep 

100

-

-

Manipur

1

-

-

Total 

9,22,422

8,41,863

2,97,891

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

  • Financing the capital project for the acquisition of Mumbai office space.

  • Financing the initial investment needed to establish model workshops, experience centers, and warehouses across India.

  • Financing the initial investment needed to set up IT infrastructure.

  • Financing the company's working capital needs.

  • Financing the cost of acquisitions and other strategic efforts for inorganic development.

  • General corporate purposes.

 

Peers of Rosmerta Digital Services Ltd.

Company Name

Face Value (Rs.)

EPS (Rs.)

P/E (x)

BLS E-Services Limited

10

1.03

217.53

 

Note:- The basic EPS of the peers is for the financial year ended on 31 March 2024. 

Evaluation

The IPO price is Rs.140 to Rs.147 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.3.01 from the last year, the resulting P/E ratio is 48.83x.

Considering the weighted EPS of Rs.1.66 for the last three years, the P/E ratio is 88.55x.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is 282.36x.

Particulars

P/E Ratio (x)

Highest 

282.36

Lowest 

282.36

Average

282.36

In simple words, the P/E ratio of this IPO (48.83x), compared with the industry’s average P/E of 282.36x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths 

  • Leverage the experience of its Corporate Promoter.

  • Experienced management team and a motivated and efficient workforce.

  • Quality deliverables of services.

  • Adaption to advanced technology.

  • Timely and safe deliveries.

  • Experienced management team and a motivated and efficient workforce.

  • Cordial relations with its clients.

 

IPO's Weaknesses

  • Reliance on a relatively small number of customers in the Digital Enabled Services business.

  • Thin margins in OEM parts business model.

  • Highly dependent on partner garages for garage services.

  • Car Market slowdown.

  • Vehicle Registration as a service is an emerging business model.

  • Must pass on cost-benefit of economies of scale to OEMs in the Digital Services business.

 

 

Rosmerta Digital Services IPO GMP Today

Rosemerta Digital IPO GMP is Rs.31. With a price of Rs.147 per Share, the estimated IPO listing price is Rs.178 when writing this information (as of 11 November 2024).

IPO Timetable (Tentative)

The IPO allotment date is on ---, refund initiation on ---, and listing on ---.

Events 

Date

IPO Opening Date

*

IPO Closing Date

*

IPO Allotment Date 

*

Refund Initiation 

*

IPO Listing Date

*

 

Rosmerta Digital IPO Details 

The IPO with a Face Value of Rs.2 per share offers a total issue size of 14,036,000 Shares (Rs.206.33 Cr).

IPO Opening & Closing date 

*

Face Value 

Rs.2 per Share

Issue Price

Rs.140 to Rs.147 per Share.

Lot Size

1000 Shares

Issue Size

14,036,000 Shares (Rs.206.33 Cr)

Offer for Sale 

NA.

Fresh Issue 

14,036,000 Shares (Rs.206.33 Cr)

Listing at

BSE, SME

Issue Type 

Book Built Issue IPO

Registrar 

Link Intime India Private Ltd.

 

Rosmerta IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs.1,47,000 and in multiples thereof. In contrast, for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs.2,94,000.

Minimum Lot Investment (Retail) 

1 Lot

Maximum Lot Investment (Retail) 

1 Lot

HNI (Min)

2 Lots

 

Rosmerta IPO Reservation (% of Net Issue)

Institutional’s Portion

50%

Retail’s Portion

35%

Non-Institutional’s Portion

15%

 

Promoters And Management of Rosmerta Digital Services Ltd.

  • M/s Rosmerta Technologies Limited.

  • M/s Shree Bankey Bihari Family Trust.

  • Mr. Karn Vivek Nagpal.

  • Mr. Kartick Vivek Nagpal.

 

Pre-Issue Promoter Shareholding

89.74%

Post-Issue Promoter Shareholding

66.02%

 

IPO Lead Managers

  • Narnolia Financial Services Ltd.

  • Beeline Capital Advisors Pvt Ltd.

 

Dividend Policy

The company has paid a dividend of Rs.3,505 thousand for the six months ended 30 September 2024.

Conclusion

The Rosmerta Digital Services IPO provides investors with an opportunity to invest in a rapidly growing pharmaceutical company having an excellent product portfolio and mature customers. It offers the issue at Rs.58-61 per share, which appears value-priced based on the P/E multiple considering sector peers. However, the investor needs to balance the dependence of the company on regulations and the competitive environment. This IPO would appeal to investors who wish to invest in a promising pharmaceutical sector with some regulatory oversight.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP

DISCLAIMER: The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

Click Here to stay updated with the Upcoming IPOs.

 

Want to start Your Journey in stock market trading and investment? Join our Stock Market Class to become a beginner to expert trader! We cover everything from the basics of trading to advanced strategies for picking stocks. Plus, we're offering a special discount for women and students. Don't miss out - enroll now and kickstart your path to success in the stock market!Open a world of Stock Market by Opening a Demat Account with your favorite Broking firm & Get a trading Strategy worth Rs.15,000!

Click here to open a Free Demat Account.

Thank You for reading this blog.Hope you loved the IPO analysis. Please Comment Below with your feedback because Your feedback motivates us to deliver more such content.

Follow MUKUL AGRAWAL for the latest IPO news and reviews. You can connect with us on social media platforms like TwitterFacebook, and Instagram. You can also subscribe to our YouTube Channel for the latest videos of the stock.



Frequently Asked Questions

+

IPO means Initial Public Offering.

+

---, is the IPO opening date

+

Rs.140 to Rs.147



Liked What You Just Read? Share this Post:




Viewer's Thoughts

Any Question or Suggestion

Post your Thoughts


SME IPO

Related Blogs

Identical Brains Studios IPO

SME IPO | 12-12- 2024

Identical Brains Studios IPO: ...

Discover key details of Identical Brains Studios IPO, including dates, GMP, strengths, and financials. Stay updated on t...

Continue Reading
NACDAC Infrastructure IPO

SME IPO | 12-12- 2024

NACDAC Infrastructure IPO Date...

Explore the NACDAC Infrastructure IPO with details on IPO date, price, GMP, and expert insights. Stay updated with the l...

Continue Reading
Hamps Bio IPO

SME IPO | 12-12- 2024

Hamps Bio IPO: Date, Price, G...

Get all the details on Hamps Bio IPO: opening date, price, GMP, allotment, and more. Know everything before you invest i...

Continue Reading
Supreme Facility Management IPO

SME IPO | 12-12- 2024

Supreme Facility Management IP...

Discover key details of the Supreme Facility Management IPO (SFM IPO), including date, price, GMP, and more to make info...

Continue Reading
Yash Highvoltage IPO

SME IPO | 11-12- 2024

Yash Highvoltage IPO: Date, Pr...

Get a complete overview of Yash Highvoltage IPO, including dates, price, GMP, financials, strengths, weaknesses, and how...

Continue Reading
Purple United Sales

SME IPO | 10-12- 2024

Purple United Sales IPO: Overv...

Purple United Sales IPO price is Rs.121 to Rs.126. Check IPO allotment status, review, GMP, listing date, share price et...

Continue Reading
for a Chance to Learn Free Technical Analysis
Subscribe on
YouTube
Follow us on
Instagram
Follow Us on
Twitter
Like Us on
Facebook