Rosmerta Digital Services IPO

Rosmerta Digital Services Limited, a subsidiary of Rosmerta Technologies Limited (RTL), was established in 2021 and provides digitally-enabled services and digitally-enabled distribution channels for automotive components and accessories. The company initially offered vehicle registration services to original equipment manufacturers (OEMs) and has since diversified into a comprehensive service offering including garage services, last-mile delivery services, and the sale of automotive components and accessories. Rosmerta Digital Services has two main business areas: Digitally Enabled Services: Here the company offers technology-enabled vehicle registrations, last-mile delivery, and garage services, simplifying processes for OEMs and vehicle sales companies such as Cars24. The company's URJA platform streamlines workflows, while services include title transfers, regulatory approvals, and last-mile High Security Registration Plate (HSRP) delivery. Digital Enabled Channel Sales: In 2023, the company expanded into automotive components with over 150 distribution partners, ensuring efficient distribution. The company is a leader in the registration of electric two-wheelers and works with OLA Electric and Royal Enfield. The company's URJA platform streamlines workflows and the MyRaasta app supports garage partners and reinforces Rosmerta Digital’s reputation for efficiency and customer satisfaction. Competitive strength: Early entry into digital registration services Technology including URJA software, My Raasta software, and mobile application Agreements with OEMs Pan India Presence Domain Knowledge As of September 30, 2024, the company had a total of 505 employees.

The company intends to utilize the net proceeds of the Issue to meet the following objectives: Funding the capital expenditure for the purchase of office space in Mumbai; Funding the capital expenditure for setting up warehouses, model workshops, and experience centers in various parts of India; Funding the capital expenditure for setting up IT infrastructure; Funding the Working Capital Requirement of the Company; Funding expenditure for inorganic growth through acquisitions and other strategic initiatives; and General Corporate Purposes.

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