Rosmerta Digital Services IPO

Rosmerta Digital Services IPO   opens for subscription on November 18, 2024 and closes on November 21, 2024. The allotment for the Rosmerta Digital Services IPO is expected to be finalized on Friday, November 22, 2024. Rosmerta Digital Services IPO will list on BSE SME with tentative listing date fixed as Tuesday, November 26, 2024.

Rosmerta Digital Services IPO price band is set at ₹140 to ₹147 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹147,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹294,000.

Rosmerta Digital Services IPO is a book built issue of Rs 206.33 crores. The issue is entirely a fresh issue of 140.36 lakh shares.

Rosmerta Digital Services IPO Details

Rosmerta Digital Services IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Rosmerta Digital Services IPO Objectives

The company intends to utilize the net proceeds of the Issue to meet the following objectives:

1. Funding the capital expenditure for the purchase of office space in Mumbai;
2. Funding the capital expenditure for setting up warehouses, model workshops, and experience centers in various parts of India;
3. Funding the capital expenditure for setting up IT infrastructure;
4. Funding the Working Capital Requirement of the Company;
5. Funding expenditure for inorganic growth through acquisitions and other strategic initiatives; and
6. General Corporate Purposes.

About Rosmerta Digital Services Limited

Established in 2021 as a subsidiary of Rosmerta Technologies Limited, Rosmerta Digital Services Limited specializes in providing digitally-enabled services and distribution solutions for the automotive sector. Initially focused on vehicle registration services for OEMs, the company has evolved into a comprehensive service provider, offering technology-driven solutions like last-mile delivery, garage services, and the sale of automotive components through a robust distribution network of over 150 partners. With advanced platforms like URJA and the MyRaasta app, Rosmerta streamlines workflows and enhances customer satisfaction. Catering to leading clients such as OLA Electric and Royal Enfield, the company has established a Pan-India presence and is a market leader in electric two-wheeler registration. Backed by 505 employees and agreements with major OEMs, Rosmerta Digital Services combines domain expertise, innovative technology, and a customer-first approach to drive efficiency and growth in the automotive industry.

Rosmerta Digital Services Limited Financial Information 

Rosmerta Digital Services IPO Reservation

Rosmerta Digital Services IPO Timeline 

Rosmerta Digital Services IPO opens on November 18, 2024, and closes on November 21, 2024.