The Rosmerta Digital Services IPO is a book-built issue worth ₹206.33 crore, consisting entirely of a fresh issue of 140.36 lakh shares. This IPO will open for subscription on November 18, 2024, and close on November 21, 2024. The allotment is expected to be finalized on Friday, November 22, 2024, with a tentative listing date on the BSE SME platform set for Tuesday, November 26, 2024.
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The price band for the Rosmerta Digital Services IPO is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1,000 shares, requiring a minimum retail investment of ₹147,000. For High Net-Worth Individuals (HNIs), the minimum investment is 2 lots (2,000 shares), amounting to ₹294,000.
Overview of Contents
Rosmerta Digital Services IPO – Overview
| IPO Name | Rosmerta Digital Services IPO |
|---|---|
| IPO Open Date: | November 18, 2024 |
| IPO Close Date: | November 21, 2024 |
| Basis of Allotment: | November 22, 2024 |
| Refunds: | November 25, 2024 |
| Credit to Demat Account: | November 25, 2024 |
| IPO Listing Date: | November 26, 2024 |
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), is gaining attention as it prepares for its IPO. Established in 2021, Rosmerta Digital Services provides digitally-enabled services and distribution channels specifically for automotive components and accessories. The company initially offered vehicle registration services to Original Equipment Manufacturers (OEMs) and has since evolved into a diversified provider with a wide range of automotive services and products.
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Founded in 2021, Rosmerta Digital Services Limited has rapidly expanded its footprint in the digital automotive services space. Initially, the company focused on vehicle registration services for OEMs. However, as the automotive market and customer needs evolved, so did Rosmerta’s offerings. Today, the company provides a variety of services, including:
- Vehicle registration services
- Garage and last-mile delivery services
- Sales and distribution of automotive components and accessories
Through these expansions, Rosmerta Digital Services has positioned itself as a critical partner for both vehicle manufacturers and customers.
Competitive Strengths
Rosmerta Digital Services boasts several competitive advantages that help differentiate it from other players in the automotive services space:
Early Entry into Digital Registration Services: As a pioneer in digital registration services for the automotive industry, Rosmerta has established strong relationships with OEMs and regulatory bodies.
Proprietary Technology: The company’s URJA software and MyRaasta app enable seamless, technology-driven services that enhance operational efficiency and customer experience.
Partnerships with OEMs: Rosmerta has secured agreements with prominent OEMs, positioning it as a preferred partner in digital registration and distribution services.
Pan-India Presence: With operations across India, Rosmerta Digital Services has built a robust network that supports both its service and distribution channels.
Domain Knowledge: Having gained significant expertise in automotive registration and component distribution, Rosmerta brings valuable industry insights to its offerings, making it a knowledgeable and reliable partner for OEMs.
Rosmerta Digital Services Limited Financial Information
Rosmerta Digital Services Limited saw a significant financial boost, with revenue up by 183% and profit after tax (PAT) rising by 553% between the financial years ending March 31, 2023, and March 31, 2024.
| 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 |
Key Performance Indicator
The Rosmerta Digital Services IPO has a market capitalization of ₹780.36 crore, with key performance indicators reported 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 Lot Size
Investors must bid for a minimum of 1,000 shares, with additional bids in multiples of 1,000. The table below shows the minimum and maximum investment amounts for retail and HNI investors in shares and value.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹147,000 |
| Retail (Max) | 1 | 1000 | ₹147,000 |
| HNI (Min) | 2 | 2,000 | ₹294,000 |
Conclusion
Rosmerta Digital Services Limited is making a strong entry into the market with its upcoming IPO, driven by impressive financial growth and strategic expansion into digitally enabled automotive services and distribution. With a significant 183% revenue growth and a 553% PAT increase over the past financial year, the company is positioned to attract investor interest.
Rosmerta’s proprietary technology platforms, like URJA and MyRaasta, combined with key partnerships and a nationwide presence, underscore its competitive edge. For investors, the IPO offers an opportunity to be part of a rapidly evolving player in the automotive digital services sector. With a market capitalization of ₹780.36 crore and structured investment options for both retail and HNI investors, Rosmerta Digital Services Limited is well-prepared to make an impactful market debut.