Rosmerta Digital Services IPO
IPO Details
- Open Date
18 Nov 2024
- Close Date
21 Nov 2024
- IPO Price Range
₹ 140 - ₹ 147
- IPO Size
₹ 206.33 Cr
- Listing Exchange
BSE SME
- Listing Date
26 Nov 2024
IPO Timeline
Last Updated: 05 November 2024 1:02 PM by 5Paisa
Rosmerta Digital Services IPO is set to open on 18 November 2024 and will close on 21 November 2024. Rosmerta Digital Services provides a range of digitally-enabled services and distribution channels for automotive components and accessories.
The IPO is only a fresh issue of 1.40 Cr shares aggregating to ₹206.33 Cr. The price range is set between ₹140 to ₹147 per share and the lot size is 1,000 shares.
The allotment is scheduled to be finalised on 22 November 2024. It will go public on BSE SME with a tentative listing date of 26 November 2024.
Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the book running lead managers while Link Intime India Pvt Ltd is the registrar.
Rosmerta Digital IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹206.33 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹206.33 Cr |
Rosmerta Digital IPO Lot Size
| 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 |
Rosmerta Digital IPO Anchor Allocation
| Anchor Bid Date | 14 November, 2024 |
| Shares Offered | 3,998,000 |
| Anchor portion Size (In ₹ Cr.) | 58.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | 22 December, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 20 February, 2025 |
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 centres in various parts of India.
3. Funding the capital expenditure for setting up IT infrastructure.
4. Funding the Working Capital Requirement.
5. Funding expenditure for inorganic growth through acquisitions and other strategic initiatives.
6. General Corporate Purposes.
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was established in 2021 to provide a range of digitally-enabled services and distribution channels for automotive components and accessories. Originally focused on offering vehicle registration services for original equipment manufacturers (OEMs), the company has since expanded its offerings to include garage services, last-mile delivery, and the sale of automotive components and accessories.
The company operates in two primary areas: Digitally Enabled Services and Digital Enabled Channel Sales. In the Digitally Enabled Services segment, Rosmerta Digital offers technology-driven vehicle registration, last-mile delivery, and garage services. Their URJA platform optimizes workflows, simplifying processes for OEMs and vehicle sales companies like Cars24. Additionally, the company handles title transfers, regulatory approvals, and High Security Registration Plate (HSRP) delivery as part of its last-mile services.
Under Digital Enabled Channel Sales, Rosmerta Digital expanded in 2023 to include automotive component distribution, establishing partnerships with over 150 distribution partners. The company is a leader in the registration of electric two-wheelers, collaborating with major brands such as OLA Electric and Royal Enfield. The URJA platform continues to streamline operations, while the MyRaasta app supports garage partners, enhancing Rosmerta Digital’s reputation for efficiency and customer satisfaction.
The company's competitive strengths lie in its early entry into digital registration services, robust technology such as the URJA and MyRaasta platforms, and strategic agreements with OEMs. Additionally, its Pan-India presence and strong domain expertise give it a solid edge in the industry. As of September 30, 2024, Rosmerta Digital Services Limited had a workforce of 505 employees.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 84.19 | 29.79 | 2.03 |
| EBITDA | 15.36 | 3.05 | 0.03 |
| PAT | 10.57 | 1.62 | -0.03 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 37.45 | 19.32 | 5.57 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 14.99 | 13.18 | 4.39 |
| Particulars (in Rs. Crores) | FY24 | FY23 |
|---|---|---|
| Net Cash Generated From / (used in) operating activities | 2.09 | -6.44 |
| Net Cash Generated From / (used in) investing activities | -0.04 | -0.12 |
| Net Cash Generated From / (used in) financing activities | 0.73 | 8.14 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 2.77 | 1.58 |
Strengths
1. Early entry into digital vehicle registration services gives Rosmerta a strong competitive advantage.
2. Advanced URJA platform and MyRaasta app streamline workflows, enhancing efficiency and customer satisfaction.
3. Strategic partnerships with major OEMs like OLA Electric and Royal Enfield strengthen market presence and credibility.
4. Pan-India presence allows scalability and easy access to a broader customer base across regions.
5. Extensive domain expertise enables effective handling of complex automotive service and distribution needs.
Risks
1. Heavy reliance on OEM partnerships could impact business stability if relationships are disrupted.
2. Intensifying competition in the digital automotive service sector may affect market position and profitability.
3. Regulatory changes in automotive services could demand costly adjustments to stay compliant.
4. Increased technology dependence raises vulnerability to cybersecurity threats and data breaches.
5. Expanding service scope and distribution network may create operational complexities as the business scales.
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FAQs
Rosmerta Digital Services IPO opens from 18 November to 21 November 2024.
The size of Rosmerta Digital Services IPO is ₹206.33 Cr.
The price of Rosmerta Digital Services IPO is fixed at ₹140 to ₹147 per share.
To apply for Rosmerta Digital Services IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rosmerta Digital Services IP
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Rosmerta Digital Services IPO is 1,000 shares and the investment required is ₹1,40,000.
The share allotment date of Rosmerta Digital Services IPO is 22 November 2024
The Rosmerta Digital Services IPO will be listed on 26 November 2024.
Narnolia Financial Services Ltd and Beeline Capital Advisors Pvt Ltd are the book running lead managers for Rosmerta Digital Services IPO.
Rosmerta Digital Services plans to utilise the raised capital from the IPO for:
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 centres in various parts of India.
3. Funding the capital expenditure for setting up IT infrastructure.
4. Funding the Working Capital Requirement.
5. Funding expenditure for inorganic growth through acquisitions and other strategic initiatives.
6. General Corporate Purposes.
Contact Information
Rosmerta Digital Services
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 Register
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
Narnolia Financial Services Ltd
Beeline Capital Advisors Pvt Ltd
