
Emerging SME Services · BSE
Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was founded in 2021 to provide digitally-enabled services and distribution channels for automotive components and accessories. Initially focused on vehicle registration services for OEMs, the company has expanded into garage services, last-mile delivery, and automotive component sales. Through its URJA platform, Rosmerta streamlines vehicle registrations, title transfers, regulatory approvals, and last-mile High Security Registration Plate (HSRP) deliveries for clients like Cars24. In 2023, the company expanded into automotive component distribution, partnering with 150+ distributors and leading the electric two-wheeler registration market, working with OLA Electric and Royal Enfield. Additionally, its MyRaasta app supports garage partners, reinforcing Rosmerta’s reputation for efficiency, innovation, and customer satisfaction in the automotive sector.
Price Band
₹140 – ₹147
Issue Size
₹206 Cr
Lot Size
1000 shares
GMP
+15.0%
Est. Listing
₹169
at current GMP
Subscribed
—
Open
18 Nov 2023
Close
21 Nov 2023
Allotment
22 Nov 2023
Refund
23 Nov 2023
Demat Credit
24 Nov 2023
Listing
26 Nov 2023
Designated Registrar: Narnolia Financial Services Ltd
Allotment Date
22 Nov 2023
Basis finalization
Refunds Initiate
23 Nov 2023
Mandate release
Demat Credit
24 Nov 2023
Shares in demat
Listing Debut
26 Nov 2023
Trading begins
Rosmerta Digital Services Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹206.33 Crores. The shares are offered at a price band of ₹140 to ₹147 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-11-21, the basis of allotment is scheduled to be finalized on 2023-11-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Narnolia Financial Services Ltd) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.