We consider Rolltech's IPO allocation to be completed today.Steps to check the latest GMP, Deem Roll IPO allocation status

Deem Roll Tech IPO Allotment Date: Deem Roll Tech IPO share allotment will be completed today (Friday, February 23). Investors who have applied for the issue can check the Deem Roll Tech IPO allotment status on the Deem Roll Tech IPO Registrar Portal (Bigshare Services Pvt Ltd).

Investors can find out whether and how many shares have been allocated through allocation basis. The number of allocated shares can also be confirmed from the IPO allocation status. The company plans to begin refund procedures for applicants who were not granted shares. The allottee will receive the shares in his demat account.

Also read: Deem Roll Tech IPO continues to show strong demand from retail investors on third day. Increase in GMP

On Monday, February 26, those allotted shares will have their demat accounts credited. The refund process will also begin on Monday once the allocation is completed today.

Deem Roll Tech's IPO listing date has been fixed on Tuesday, February 27 on NSE SME.

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If you have applied for Deem Roll Tech IPO, you can instantly check the Deem Roll Tech IPO allotment status on the website of Bigshare Services Pvt Ltd, the IPO registrar.

Also read: Deem Roll Tech IPO: Here's the price range, date, size and other important things to know

You can check your application status for Deem Roll Tech IPO by running the online Deem Roll Tech IPO allocation status check – https://ipo.bigshareonline.com/ipo_status.html

step 1

Login to Bigshare Direct Link — https://ipo.bigshareonline.com/ipo_status.html – Deem Roll IPO Allocation Link

Step 2

Select “Deem Roll Tech IPO” in the company name field.

Step 3

Select “Application Number/CAF Number or Beneficiary ID or PAN Number”.

Step 4

Click “Search”

Deem Roll Tech IPO will be available on your computer monitor on your mobile phone display.

Consider Rolltech's IPO subscription status

Deem Roll Tech's IPO subscription status was 256.55 times for the third day. As per data available in Chittorgarh, this stock has received positive response from retail investors, where the partial set has been subscribed 180.50 times and non-institutional buyers have subscribed the partial set, 311.95 times. I did.com

According to chittorgarh.com data, the company received bids for 55,26,08,000 shares against the offer of 21,54,000 shares.

Deem Roll Tech IPO was booked 2.29x on day 1 and 8.02x on day 2.

Also read: Kalahridhaan Trendz stock makes poor debut, stock price opens at just 4.8% premium INR47.15 per piece for NSE SME

Deem Roll Tech IPO Details

We think Roll Tech IPO is worth it. INRThe 29.26 billion shares consist of new issuance of 2,268,000 par value shares. INR10. This is a completely new problem and there is no sales element.

The company has informed investors through an advertisement on Financial Express (FE) that it has subscribed for a pre-IPO issue of 2,32,000 shares at the issue price. INR129 each, for a total of 299,280 million (pre-IPO issuance amount).The latest issue sizes are as follows INR32.25 million, which is reduced to: INR299.28 million based on pre-IPO issuance amount, revised amount of new issuance amount is INR29.26 billion.

The company intends to use the proceeds through the new issue for working capital needs, general corporate purposes and capital expenditures for the development of its current manufacturing site in Mehsana, Gujarat, India.

The registrar for Deem Roll Tech IPO is Bigshare Services Pvt Ltd and the lead manager on book is Fedex Securities Pvt Ltd. Ss Corporate Securities is the market maker for Deem Roll Tech IPO.

Today's Rolltech IPO GMP deemed

Deem Roll Tech IPO GMP or Gray Market Premium is +61. This indicates that Deem Roll Tech stock is trading at a premium. INRAccording to www.investorgain.com, there are 61 companies on the gray market.

Considering the upper end of the IPO price band and the current premium on the gray market, the estimated listing price for Deem Roll Tech's stock is: INR$190 per piece, 47.29% higher than IPO price INR129.

A “gray market premium” indicates that investors are willing to pay more than the issue price.

Also read: Atmastco stock hits ceiling after listing at 18% premium on NSE

Disclaimer: The opinions and recommendations expressed above are those of individual analysts, experts, and brokerages and not of Mint. We recommend checking with a certified professional before making any investment decisions.