Rosmerta Digital Services, a subsidiary of Rosmerta Technologies, is set to launch its Initial Public Offering (IPO) from November 18 to November 21, 2024. The company aims to raise ₹206.33 crore through the public issue. The IPO price band has been fixed between ₹140 to ₹147 per share, with a face value of ₹2 per share.
Key Details of Rosmerta Digital Services IPO
- IPO Open Date: November 18, 2024
- IPO Close Date: November 21, 2024
- Price Band: ₹140 to ₹147 per share
- Face Value: ₹2 per share
- Lot Size: 1,000 shares
- Minimum Investment: ₹147,000
- Listing Exchange: BSE SME
Investors can place bids for a minimum of 1,000 shares and in multiples of 1,000 shares thereafter. The IPO does not have any Offer for Sale (OFS) component, meaning the entire offering is through a fresh issue of equity shares.
Rosmerta Digital Services is a technology-driven company offering digital solutions primarily to the automotive industry. The company provides a wide range of services including digital marketing, e-commerce, and data analytics. They have gained strong recognition in the market for their innovative solutions and have a solid record of growth and profitability.
Initially, the company began by offering vehicle registration services to Original Equipment Manufacturers (OEMs). Over time, they expanded their offerings to include various other services like garage services, last-mile delivery, and the sale of automotive components and accessories. This diverse service portfolio has helped Rosmerta Digital Services build a reputation in the automotive sector.
The Grey Market Premium (GMP) is an indicator of the expected premium of a stock after it is listed on the exchange. The GMP for the Rosmerta Digital Services IPO is currently +22, indicating that the stock is expected to list at a premium of ₹22 over the issue price.
If the upper price band of ₹147 is considered, the expected listing price could be ₹169 per share, which is approximately 14.97% higher than the issue price. This premium suggests that investors are expecting the stock to perform well once it is listed.
The GMP for this IPO has been trending upward in recent days, which is seen as a positive sign. According to market experts, the stock could have a strong debut, with some experts predicting that the listing price could be as high as ₹169 per share.
Rosmerta Digital Services is offering an exciting opportunity for investors to participate in the growth of a technology-driven company that is making strides in the automotive sector. With a strong track record and promising prospects, the IPO could present a good investment opportunity. However, it is essential to do thorough research and consult with a financial advisor to make an informed decision before investing.
Investors should also pay attention to the IPO Grey Market Premium, as it gives an early indication of market expectations. Remember, investing in IPOs involves risk, and it is important to only invest what you can afford to lose.
