Rosmerta Digital Services IPO Overview
Rosmerta Digital Services is launching an IPO with a book-built issue size of ₹206.33 crores. This IPO, scheduled for November 18-21, 2024, offers a fresh issue of 140.36 lakh shares. Investors can apply within the price band of ₹140-₹147 per share.
The IPO requires a minimum application lot of 1,000 shares, making the minimum retail investment ₹147,000. High Net Worth Investors (HNI) need to apply for at least two lots, totaling ₹294,000.
Allotments for Rosmerta Digital Services IPO are anticipated to be finalized by Friday, November 22, 2024, with the shares expected to list on the BSE SME on Tuesday, November 26, 2024.
Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the lead managers for this IPO. Link Intime India Private Ltd is the appointed registrar, while Spread X Securities will act as the market maker.
For a comprehensive understanding, please refer to the Rosmerta Digital Services IPO RHP.
Rosmerta Digital Services IPO Important dates
Rosmerta Digital Services IPO opens on November 18, 2024, and closes on November 21, 2024.
| IPO Open Date | Monday, November 18, 2024 |
| IPO Close Date | Thursday, November 21, 2024 |
| Basis of Allotment | Friday, November 22, 2024 |
| Initiation of Refunds | Monday, November 25, 2024 |
| Credit of Shares to Demat | Monday, November 25, 2024 |
| Listing Date | Tuesday, November 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 21, 2024 |
Rosmerta Digital Services IPO Financial Performance
Rosmerta Digital Services Limited’s revenue increased by 183% and profit after tax (PAT) rose by 553% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,013.07 | 3,744.53 | 1,932.43 | 557.14 |
| Revenue | 9,253.57 | 8,419.07 | 2,978.91 | 202.7 |
| Profit After Tax | 1,483.72 | 1,056.52 | 161.87 | -3.01 |
| Net Worth | 7,099.34 | 1,221.32 | 159.16 | -2.01 |
| Reserves and Surplus | 6,318.34 | 1,220.32 | 158.16 | -3.01 |
| Total Borrowing | 1,499.01 | 1,318.28 | 439.21 |
Rosmerta Digital Services IPO Key Performance Indicator
The market capitalization of Rosmerta Digital Services IPO is Rs 780.36 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 0.36% |
| ROCE | 0.28% |
| RoNW | 20.72% |
| P/BV | 8.09 |
| PAT Margin (%) | 16.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.71 | 5.59 |
| P/E (x) | 54.33 | 26.3 |
Rosmerta Digital Services IPO Objectives
The company intends to utilize the net proceeds of the Issue to meet the following objectives:
- Funding the capital expenditure for the purchase of office space in Mumbai;
- Funding the capital expenditure for setting up warehouses, model workshops, and experience centers in various parts of India;
- Funding the capital expenditure for setting up IT infrastructure;
- Funding the Working Capital Requirement of the Company;
- Funding expenditure for inorganic growth through acquisitions and other strategic initiatives; and
- General Corporate Purposes.
Rosmerta Digital Services IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
Rosmerta Digital Services IPO Details
| IPO Date | November 18, 2024 to November 21, 2024 |
| Listing Date | [.] |
| 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) |
| Fresh Issue | 14,036,000 shares (aggregating up to ₹206.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 39,050,000 |
| Share holding post issue | 53,086,000 |
| Market Maker portion | 703,000 shares Spread X Securities |
Rosmerta Digital Services Company Overview and Services
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was founded in 2021. The company specializes in digitally-enabled services and distribution channels focused on automotive components and accessories.
Initially, Rosmerta Digital Services provided vehicle registration solutions for original equipment manufacturers (OEMs). Over time, they expanded to a full suite of services, including garage support, last-mile delivery, and the sale of automotive parts and accessories.
The company operates across two main segments:
Digitally Enabled Services: Rosmerta Digital Services offers a range of tech-driven solutions like vehicle registration, last-mile delivery, and garage services. Their URJA platform helps streamline tasks for OEMs and vehicle sales companies, including title transfers, regulatory approvals, and High Security Registration Plate (HSRP) deliveries. Key clients include well-known names like Cars24.
Digitally Enabled Channel Sales: In 2023, Rosmerta Digital Services broadened its reach into automotive component distribution, supported by a network of over 150 distribution partners. The company is also a top provider of registration services for electric two-wheelers, collaborating with brands like OLA Electric and Royal Enfield. Rosmerta’s MyRaasta app further supports garage partners, enhancing service efficiency and customer satisfaction.
These strategic initiatives reinforce Rosmerta Digital’s reputation as a leader in digitally-enabled automotive services and solutions.
Rosmerta Digital Services IPO SWOT Analysis
Strengths
- Diverse Service Offering: Rosmerta Digital Services has a broad portfolio, from vehicle registration and last-mile delivery to garage services and automotive component distribution. This diversity minimizes dependency on a single revenue stream.
- Tech-Driven Platforms: The company’s proprietary URJA platform and MyRaasta app streamline operational workflows, improving service delivery, efficiency, and customer satisfaction.
- Established Partnerships: With clients like Cars24, OLA Electric, and Royal Enfield, Rosmerta Digital Services has strategic alliances with major players in the automotive sector, which bolsters credibility and market reach.
- Leadership in EV Registration: Being a leader in electric two-wheeler registration gives Rosmerta a competitive edge in the rapidly growing electric vehicle sector, supporting its growth potential in a high-demand market.
Weaknesses
- Limited Operating History: Established in 2021, Rosmerta Digital Services is relatively new, which may pose challenges in terms of brand recognition and proven operational stability.
- Dependence on Technology: While technology is an asset, heavy reliance on digital platforms could make the company vulnerable to cyber risks or technical malfunctions, which could disrupt services and damage reputation.
- High Initial Investment Requirement: With a high minimum investment amount, the IPO may deter smaller retail investors, potentially limiting participation and liquidity.
Opportunities
- Expansion of Electric Vehicle (EV) Market: As the EV market grows, Rosmerta’s expertise in EV registration services positions it well for expanded service offerings and partnerships with more electric vehicle manufacturers.
- Growing Demand for Digital Automotive Solutions: The increasing digitization of automotive services, including online vehicle sales and registration, aligns with Rosmerta’s digital offerings, providing growth avenues.
- Potential for Geographic Expansion: With a scalable digital service model, Rosmerta can expand its geographic footprint, both within India and potentially into international markets.
Threats
- Regulatory Challenges: Changes in automotive registration regulations or policies could impact Rosmerta’s operations, especially if new requirements make it more difficult or costly to deliver certain services.
- Intense Competition: The digital automotive service industry has strong competition, with new entrants and established players, potentially affecting Rosmerta’s market share and profitability.
- Economic Downturn: Fluctuations in the economy, such as reduced consumer spending on vehicles or automotive services, could impact demand for Rosmerta’s offerings, especially in the distribution channel sales sector.
Rosmerta Digital Services IPO GMP Details
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
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Rosmerta Digital Services IPO subscription status
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Rosmerta Digital Services IPO Allotment status
The allotment status of Rosmerta Digital Services IPO is expected to be available on November 22, 2024.
Rosmerta Digital Services IPO allotment status is not available at this time. Rosmerta Digital Services IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Rosmerta Digital Services Limited IPO allotment status.
To check Rosmerta Digital Services IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to rosmerta.ipo@linkintime.co.in.
Rosmerta Digital Services Contact Details
Rosmerta Digital Services Limited
402, 4th Floor, World Trade Tower,
Barakhamba Lane,
Connaught Place – 110001
Phone: +91-92894 80509
Email: cs@rosmertadigital.com
Website: http://www.rosmertadigital.com/
Rosmerta Digital Services IPO Prospectus
Rosmerta Digital Services IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rosmerta.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Rosmerta Digital Services IPO Lead Managers
- Narnolia Financial Services Ltd
- Beeline Capital Advisors Pvt Ltd
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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