Rolex Rings Limited IPO (Rolex Rings IPO) Detail

Jul 28, 2021 - Jul 30, 2021

Incorporated in 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.

The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.

Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.

Competitive Strengths

  • Among the leading forging companies in India.
  • Strong manufacturing capabilities.
  • Comprehensive product portfolio.
  • Geographically diversified revenue base.
  • Strong and consistent financial performance track record.

Company Promoters:

Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 7,969.24 6,861.73 7,822.57
Total Revenue 6,197.57 6,753.32 9,112.54
Profit After Tax 869.55 529.41 590.41

Objects of the Issue:

  • Funding long-term working capital requirements.
  • General corporate purposes.

Rolex Rings IPO Details

IPO Opening DateJul 28, 2021
IPO Closing DateJul 30, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹880 to ₹900 per equity share
Market Lot16 Shares
Min Order Quantity16 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹731.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹56.00 Cr)
Offer for Sale7,500,000 Eq Shares of ₹10
(aggregating up to ₹675.00 Cr)

Rolex Rings IPO Tentative Timetable

The Rolex Rings IPO open date is Jul 28, 2021, and the close date is Jul 30, 2021. The issue may list on Aug 9, 2021.

IPO Open DateJul 28, 2021
IPO Close DateJul 30, 2021
Basis of Allotment DateAug 4, 2021
Initiation of RefundsAug 5, 2021
Credit of Shares to Demat AccountAug 6, 2021
IPO Listing DateAug 9, 2021

Rolex Rings IPO Lot Size

The Rolex Rings IPO market lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹187,200).

ApplicationLotsSharesAmount (Cut-off)
Minimum116₹14,400
Maximum13208₹187,200

Rolex Rings IPO Promoter Holding

Pre Issue Share Holding58.99%
Post Issue Share Holding57.64%

Rolex Rings IPO Subscription Status (Bidding Detail)

The Rolex Rings IPO is subscribed 130.44x times on Jul 30, 2021 17:01. The public issue subscribed 24.49x in the retail category, 143.58x in the QIB category, and 360.11x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

143.58x

NII

360.11x

RII

24.49x

Total

130.44x

Note: Rolex Rings IPO application wise subscription: 20 times

Rolex Rings IPO Prospectus

Rolex Rings IPO Rating

1972
4.0
Rating:Rated 4.0 stars

Vote Here ...

Company Contact Information

Rolex Rings Limited
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004


Phone: 0281 6699677/577
Email: compliance@rolexrings.com
Website: http://www.rolexrings.com/

Rolex Rings IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: rolex.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Rolex Rings IPO FAQs

  1. What is Rolex Rings IPO?

    Rolex Rings IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹731.00 Crores. The issue is priced at ₹880 to ₹900 per equity share. The minimum order quantity is 16 Shares.

    The IPO opens on Jul 28, 2021, and closes on Jul 30, 2021.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Rolex Rings IPO through Zerodha?

    Zerodha customers can apply online in Rolex Rings IPO using UPI as a payment gateway. Zerodha customers can apply in Rolex Rings IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Rolex Rings IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Rolex Rings IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Rolex Rings IPO will open?

    The Rolex Rings IPO opens on Jul 28, 2021 and closes on Jul 30, 2021.

  4. What is the lot size of Rolex Rings IPO?

    Rolex Rings IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.

  5. How to apply for Rolex Rings IPO?

    You can apply in Rolex Rings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Rolex Rings IPO allotment?

    The finalization of Basis of Allotment for Rolex Rings IPO will be done on Aug 4, 2021, and the allotted shares will be credited to your demat account by Aug 6, 2021. Check the Rolex Rings IPO allotment status.

  7. When is Rolex Rings IPO listing date?

    The Rolex Rings IPO listing date is not yet announced. The tentative date of Rolex Rings IPO listing is Aug 9, 2021.

Rolex Rings IPO Message Board

Ranked Members  Ranked Members

Loading...







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App