Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), provides digitally enabled services and digitally enabled distribution channels for automotive components and accessories.
The company initially offered vehicle registration services to original equipment manufacturers (OEMs) and has since diversified into a comprehensive service offering including garage services, last-mile delivery services, and the sale of automotive components and accessories.
Rosmerta Digital Services has two main business areas:
- 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 company’s URJA platform streamlines workflows, while services include title transfers, regulatory approvals, and last-mile High Security Registration Plate (HSRP) delivery.
- Digital Enabled Channel Sales: In 2023, the company expanded into automotive components with over 150 distribution partners, ensuring efficient distribution. The company is a leader in the registration of electric two-wheelers and works with OLA Electric and Royal Enfield. The company’s URJA platform streamlines workflows and the MyRaasta app supports garage partners and reinforces Rosmerta Digital’s reputation for efficiency and customer satisfaction.
As of September 30, 2024, the company had a total of 505 employees.
Rosmerta Digital Services IPO – Details
| IPO Opening Date | 18 November 2024 |
| IPO Closing Date | 21 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,40,36,000 Shares Worth ₹206.33 Crore Fresh Issue: 1,40,36,000 Shares Worth ₹206.33 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹140 – ₹147 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Rosmerta Digital Services IPO – Date Schedule
| IPO Open Date | 18 November 2024 |
| IPO Close Date | 21 November 2024 |
| Basis of Allotment | 22 November 2024 |
| Initiation of Refund | 25 November 2024 |
| Credit of Shares to Demat Account | 25 November 2024 |
| IPO Listing Date | 26 November 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 21, 2024 |
Rosmerta Digital Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,47,000 |
| Retail (Max) | 1 | 1,000 | ₹1,47,000 |
| HNI (Min) | 2 | 2,000 | ₹2,94,000 |
Competitive Strengths
- Leveraging the experience of the Corporate Promoter.
- Experienced management team and a motivated and efficient work force.
- Quality Deliverables of services.
- Adaption to advanced technology.
- Timely and safe deliveries.
- Experienced management team and a motivated and efficient work force;
- Cordial relations with the clients.
Company Promoters
- M/s Rosmerta Technologies Limited
- M/s Shree Bankey Bihari Family Trust
- Mr. Karn Vivek Nagpal
- Mr. Kartick Vivek Nagpal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 2.02 | 2.03 | -0.03 | 4.39 |
| 31 March 2023 | 29.78 | 27.55 | 1.61 | 13.18 |
| 31 March 2024 | 84.19 | 70.07 | 10.56 | 14.99 |
| 30 September 2024 | 92.53 | 72.69 | 14.83 | – |
Key Performance Indicator
| 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 |
Object Of The Issue
- 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 Promoter Holding
| Pre Issue Share Holding | 89.74% |
| Post Issue Share Holding | 66.02% |
Rosmerta Digital Services IPO Prospectus
Company Contact Information
| 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 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 Manager(s)
| 1. Narnolia Financial Services Ltd 2. Beeline Capital Advisors Pvt Ltd |
Rosmerta Digital Services IPO FAQs
| What is Rosmerta Digital Services IPO? Rosmerta Digital Services IPO is an SME IPO. The issue is priced at ₹140 and ₹147 per equity share. The IPO is to be listed on BSE SME. |
| When Rosmerta Digital Services IPO will open? The IPO is to open on 18 November 2024 for QIB, NII, and Retail Investors. |
| What is Rosmerta Digital Services IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Rosmerta Digital Services IPO? You can apply Rosmerta Digital Services IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Rosmerta Digital Services IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Rosmerta Digital Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Rosmerta Digital Services IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Rosmerta Digital Services IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Rosmerta Digital Services IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rosmerta Digital Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Rosmerta Digital Services IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Rosmerta Digital Services IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Rosmerta Digital Services IPO Size? Rosmerta Digital Services IPO size is ₹206.33 Crore. |
| What is Rosmerta Digital Services IPO Price Band? Rosmerta Digital Services IPO Price Band is ₹140 – ₹147. |
| What is Rosmerta Digital Services IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1000 Shares with ₹1,47,000 amount while the maximum bid is 1000 Shares with ₹1,47,000. |
| What is the Rosmerta Digital Services IPO Allotment Date? Rosmerta Digital Services IPO allotment date is 22 November 2024. |
| What is the Rosmerta Digital Services IPO Listing Date? Rosmerta Digital Services IPO listing date is 26 November 2024. The IPO is to be listed on BSE SME. |
