Deem Roll Tech News Today

Deem Roll Tech IPO: The stock started trading at Rs 200 on the NSE SME platform against the issue price of Rs 129 per share

Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.

Overall, the bulls are likely to maintain their strong hold over Dalal Street though there may be volatility and consolidation due to the monthly expiry of February futures & options contracts scheduled on February 29.

Juniper Hotels, owned by Saraf Hotels and Hyatt Hotels Corporation, will debut on the bourses on February 28, while the trading in GPT Healthcare equity shares will commence with effect from February 29.

Juniper Hotels debuts on February 28, while trading in GPT Healthcare will commence from February 29. The Rs 1,800-crore public issue by Juniper Hotels was subscribed just 2.08 times.

Benchmark indices gained close to 1% last week, reaching lifetime highs, driven by foreign investor inflows. Volatility is expected due to the expiry of the February derivative series. Nifty may reach 22400 and possibly 22700. Macro data and global markets will be monitored. Auto sales and IPOs are also noteworthy.

Around six new initial public offerings (IPO), including three in mainboard and three small and medium enterprise (SME), are set to hit Dalal Street in the upcoming week.

In the week gone by, two mainboard IPOs Juniper Hotels and GPT Healthcare opened with a target to raise Rs 2,325 crore.

Thaai Casting IPO: The offer consisted entirely of fresh shares, totaling 61.3 lakh shares.

Unlisted shares of Deem Roll Tech Ltd are trading Rs 46 higher in the grey market, expecting a 35.66 per cent listing gain from the public issue, Deem Roll Tech IPO Closes Today: Check Subscription Status, GMP Today