Rosmerta Digital Services Ltd is going to launch its IPO. Its opening date is 18 November, 2024. It will close on 21 November, 2024. This is going to be a book-built issue. Through its first public offering (IPO), the company aims to collect about ₹206.33 crores. The IPO will be a completely fresh issue of 14036000 equity shares having a face value of ₹2 per share. The price band of Rosmerta Digital Services Ltd IPO is between ₹140 to ₹147
Rosmerta Digital Services IPO Detail
| IPO Opening and Closing Date | November 18, 2024 to November 21, 2024 |
| IPO Price Range | Rs 140 to Rs 147 Per Share |
| Face Value of Share | Rs 2 Per Share |
| Net Issue Size Offered | 14036000 Shares amounting up to ₹ 206.33 Crores |
| Fresh Issue | 14036000 Shares amounting up to ₹ 206.33 Crores |
| Offer For Sale | N/A |
| Listing at | BSE SME |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Rosmerta Digital Services IPO, Tentative Date Schedule
| IPO Opening Date | Monday, November 18, 2024 |
| IPO Closing Date | Thursday, November 21, 2024 |
| Allotment Date | Friday, November 22, 2024 |
| Refund Initiation | Monday, November 25, 2024 |
| Credit of Shares in Demat Account | Monday, November 25, 2024 |
| Listing Date | Tuesday, November 26, 2024 |
Rosmerta Digital Services IPO GMP Today
Rosmerta Digital Services IPO current GMP is ₹22 as of 14 November, 2024
Rosmerta Digital Services IPO Financials
| Period | Period Ended 30 September, 2024 | Financial Year 2024 | Financial Year 2023 | Financial Year 2022 |
| Total Assets | 8282.09 | 3744.53 | 1932.43 | 557.14 |
| Total Revenue | 3978.16 | 8419.07 | 2978.91 | 202.7 |
| Total Expense | 2959.39 | 7007.33 | 2755.53 | 203.50 |
| Profit After Tax | 761.49 | 1056.52 | 161.87 | -3.01 |
| Company’s Net Worth | 1947.91 | 1221.32 | 159.16 | -2.01 |
Company Financial Performance Indicators
| Key Performance Indicator | Value (FY 2024) |
| ROCE | 0.28% |
| ROE | 0.36% |
| Price to Book Value | 20.72 |
| Return on Net Worth | 19.08% |
| After Tax Profit Margin (%) | 16.08% |
| Debt to Equity Ratio | 1.23 |
Rosmerta Digital Services IPO Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | 1000 | ₹147000 |
| Retail Investor (Max Lot) | 1 | 1000 | ₹147000 |
| HNI (Min. Lot) | 2 | 2000 | ₹294000 |
Rosmerta Digital Services IPO, Investors Reserved Quota
| Shares Reserved for QIB | 50% of the Total Issue |
| Shares Reserved for Retail Investors | 35% of the Total Issue |
| Shares Reserved for Non Institutional Investors | 15% of the Total Issue |
Cash Flow Generated by the Company
| Net Cash Flow | For the Period Ended June 30 | FY 2024 | FY 2023 | FY 2022 |
| Cash From Operating Activities | ₹292.2 | ₹208.70 | ₹-643.93 | ₹-388.04 |
| Cash from Investing Activities | ₹0 | ₹-3.99 | ₹-11.62 | ₹-45.00 |
| Cash From Financing Activities | ₹3093.20 | ₹72.65 | ₹813.58 | ₹436.87 |
| Net Increase in Cash & Cash Equivalents | ₹3385.40 | ₹277.36 | ₹158.03 | ₹3.83 |
Geographic Revenue Generation
| State | Period Ended June 30, 2024 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
| Karnataka | 154,284 | 374,778 | 178,640 | 20,207 |
| Maharashtra | 128,814 | 302,617 | 1,613 | – |
| Uttar Pradesh | 21,268 | 24,697 | 30,974 | 4 |
| Haryana | 19,160 | 27,984 | 8,032 | 35 |
| Rajasthan | 14,843 | 9,937 | 13,334 | – |
| Tamil Nadu | 11,362 | 24,501 | 6,726 | – |
| Punjab | 8,114 | 6,938 | 16 | 3 |
| Delhi | 7,912 | 16,341 | 27,606 | – |
| Madhya Pradesh | 7,578 | 1,182 | 649 | – |
| Telangana | 4,222 | 741 | 991 | – |
| Bihar | 3,684 | 1,318 | 2,417 | 4 |
| Andhra Pradesh | 3,175 | 6,104 | 5,889 | – |
| Kerala | 2,766 | 10,324 | 8,536 | – |
| Gujarat | 2,765 | 13,037 | 3,360 | – |
| West Bengal | 1,560 | 5,341 | 1,363 | 5 |
| Odisha | 1,408 | 4,434 | 5,297 | – |
| Chandigarh | 1,155 | 8,623 | – | – |
| Jharkhand | 1,041 | 133 | 260 | – |
| Assam | 775 | 2,080 | 106 | – |
| Chhattisgarh | 647 | 533 | 1,649 | – |
| Himachal Pradesh | 632 | 8 | 24 | – |
| Uttarakhand | 542 | 109 | 75 | 7 |
| Goa | 61 | 4 | 62 | 3 |
| Pondicherry | 47 | 99 | 67 | – |
| Jammu & Kashmir | – | – | 205 | 3 |
Segment Wise Revenue Generation
| Segment | For the Period Ended June 30, 2024 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
| Digitally Enabled Services | 1,936.16 | 4,162.78 | 2,397.51 | 202.07 |
| Digitally Enabled Channel Sales | 2,041.98 | 4,256.22 | 581.40 | 0.63 |
| Total Revenue | 3,978.14 | 8,419.00 | 2,978.91 | 202.70 |
Peer Group Comparative Analysis
| Company | EPS | P/E | Face Value |
| Rosmerta Digital Services Ltd. | 3.01 | – | 2 |
| BLS E Services Ltd. | 1.03 | 217.53 | 10 |
Rosmerta Digital Services IPO Objectives
- The fund raised through this IPO will be used for following purposes
- Purchase of office space in Mumbai
- For setting up warehouses, model workshops, and experience centers across India.
- For IT infrastructure setup.
- For working capital requirements
- For acquisitions, strategic initiatives, and general corporate purpose
Rosmerta Digital Services IPO Strengths and Weaknesses
Strengths:
- Company is one of the first in digital vehicle registration which gives it the benefits of early bird entry
- Rosmarta Digital services has a strong in house platform which helps in smooth nationwide delivery services
- Company has a widespread Network across major cities in the country
- The company benefits from the solid team of expert employees who are committed to provide their best in the industry.
Weaknesses:
- The revenue of company is mostly earned from a few regions, which can be risky the changes in economy or regulatory factors.
- Company is using the tech platforms. Any failure or security breach may disrupt its business badly.
- Company is dependent on key managers. Losing these can disrupt the operations
- Due to its short business track record and therefore it is difficult to evaluate its long term performance.
Management & Promoter Group of Rosmerta Digital Services
- Mr. Karn Vivek Nagpal
- Mr. Kartick Vivek Nagpal
- Shree Bankey Bihari Family Trust
- Rosmerta Technologies Limited
Company Dividend Policy
No dividend has been paid by the company since its incorporation in September, 2021
| Promoters Shareholding Pre- Issue | 89.74% |
| Promoters Shareholding Post- Issue | 66.02 |
Lead Managers of Rosmerta Digital Services IPO
- Beeline Capital Advisors Private Limited
- Narnolia Financial Services Limited
Registrar of Rosmerta Digital Services IPO
Link Intime India Pvt. Ltd
Telephone: +91 2249186270
Email: rosmarta.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Contact Details of the Company
402, 4th Floor, World Trade Tower,
Barakhamba Lane, Connaught Place,
Central Delhi, New Delhi, Delhi 110001
Email: connect@rosmertadigital.com
Phone: +91-124-4990800
website: https://rosmertadigital.com/
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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