Rosmerta Digital Services IPO Details and Key Insights

byPriyanka JuyalLast Updated: November 14, 2024
Why Do Stocks Have a Higher Return Than Government Bonds?
Synopsis:
  • The IPO offers a chance to invest in a high-growth digital services company.
  • Shares are priced at ₹140-₹147, with a minimum lot size of 1,000 shares.
  • Financially, the company has shown robust growth in revenue and profitability.
  • Funds will enhance Rosmerta’s infrastructure, including new offices, warehouses, and technology.

The upcoming Rosmerta Digital Services IPO offers investors an opportunity to invest in a growing digital services company. The IPO will involve a fresh issue of shares valued at ₹206.33 crores, with shares priced between ₹140 and ₹147 each. Investors must apply for a minimum lot size of 1,000 shares, translating to a starting investment of ₹147,000.

The IPO is book-built, meaning the price within the stated range is set based on demand, and will be listed on BSE SME.

Rosmerta Digital Services IPO Reservation

This IPO has reserved a portion of the shares for different investor categories as follows:

Rosmerta Digital Services Company Financials

The financials showcase the growth trajectory of Rosmerta Digital Services Limited. Revenue and profits have seen significant increases in recent years:

Rosmerta Digital Services Company Overview

Established in 2021, Rosmerta Digital Services Limited delivers digital solutions and distribution services in the automotive sector, focusing on vehicle registration and last-mile delivery. Serving major brands like OLA Electric and Royal Enfield, the company is known for its URJA platform and MyRaasta app, which simplify processes and support digital sales channels.

Core Service Areas:

  1. Digitally Enabled Services: Provides technology-driven solutions for vehicle registration, last-mile deliveries, and garage services, working with OEMs and partners like Cars24. The URJA platform supports title transfers, regulatory compliance, and High Security Registration Plate (HSRP) rosmerta delivery.
  2. Digital Channel Sales: Entering the automotive parts distribution space in 2023, Rosmerta now partners with over 150 distributors, including OLA Electric and Royal Enfield. The URJA platform and MyRaasta app streamline processes and improve support for garage partners.

Rosmerta Digital Services IPO Key Competitive Strengths:

  • Pioneer in digital registration services for vehicles
  • Proprietary technology like URJA and My Raasta platforms
  • Strong relationships with OEMs and extensive distribution network
  • National presence with a team of over 500 employees

Rosmerta Digital Services IPO Objectives

Funds raised through the IPO will be used for:

  • Acquisitions and corporate purposes
  • Purchase of office space in Mumbai
  • Establishment of warehouses and model workshops
  • Setting up IT infrastructure
  • Working capital needs

Related News

NTPC Green Energy Secures SEBI Approval for ₹10,000 Crore IPO

NTPC Green Energy Limited (NGEL) has secured final approval from the Securities and Exchange Board of India (SEBI) to raise ₹10,000 crore through its initial public offering (IPO). The IPO, featuring a face value of ₹10 per equity share, will primarily fund investments in NTPC Renewable Energy Ltd., debt repayments, and general corporate purposes. Eligible employees will receive a discount on shares in the employee reservation portion. As of June 30, 2024, NGEL is the largest public sector enterprise in renewable energy, boasting a total capacity of 14,696 megawatts. With substantial revenue and profit growth, NGEL aims to leverage this IPO to strengthen its position in the renewable energy sector.
News Post: October 29, 2024

Hyundai Motor India Makes Modest Stock Market Debut

Hyundai Motor India’s shares debuted at Rs 1,934, slightly below the IPO price of Rs 1,960, and closed the day at Rs 1,844.6, reflecting a 5% decline. Despite this modest start, analysts maintain a positive outlook on the company’s long-term growth, supported by its strong fundamentals and plans to focus on premium vehicles and electric models. The IPO, valued at Rs 27,870 crore, was oversubscribed 2.3 times, indicating solid interest from investors.
News Post: October 22, 2024

You May Also Like