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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 Date Jul 28, 2021
IPO Closing Date Jul 30, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹880 to ₹900 per equity share
Market Lot 16 Shares
Min Order Quantity 16 Shares
Listing At BSE, 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 Date Jul 28, 2021
IPO Close Date Jul 30, 2021
Basis of Allotment Date Aug 4, 2021
Initiation of Refunds Aug 5, 2021
Credit of Shares to Demat Account Aug 6, 2021
IPO Listing Date Aug 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).

Application Lots Shares Amount (Cut-off)
Minimum 1 16 ₹14,400
Maximum 13 208 ₹187,200

Rolex Rings IPO Promoter Holding

Pre Issue Share Holding 58.99%
Post Issue Share Holding 57.64%

Rolex Rings IPO Review

Though RRL’s top line has shown declining trends, its higher earnings following deferred tax and other provisions and reasonable pricing make it is a worthy bet for short to long term rewards. The company will be a debt-free company in the near term and will pose for bright prospects ahead once normalcy is restored. Off late we are also witnessing fancy for forging companies. Investment may be considered. Read detail review...

Rolex Rings IPO Subscription Status (Bidding Detail)

The Rolex Rings IPO is subscribed 130.44 times on Jul 30, 2021 5:01:00 PM. The public issue subscribed 24.49 times in the retail category, 143.58 times in the QIB category, and 360.11 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 19.64 times

CategorySubscription (times)
QIB143.58
NII360.11
Retail24.49
Total130.44

Rolex Rings IPO Prospectus

Rolex Rings IPO Rating

1972
4.0
Rating:Rated 4.0 stars
Vote Here ...

Rolex Rings IPO Listing Date

Listing Date Monday, August 9, 2021
BSE Script Code 543325
NSE Symbol ROLEXRINGS
Listing In B Group of Securities
ISIN INE645S01016
IPO Price ₹900 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹900.00
₹1,249.00
₹1,105.00
₹1,264.95
₹1,166.55
NSE
₹900.00
₹1,250.00
₹1,105.00
₹1,263.00
₹1,167.00

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

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

Rolex Rings IPO FAQs

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.

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.

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

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

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.

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.

The Rolex Rings IPO listing date is on Monday, August 9, 2021.

Rolex Rings IPO Message Board

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1894 Comments

818. Amit Das |   Link |Aug 18, 2021 8:47:43 AM
quarterly (Q1) results are good. the share price will not depreciate so easily…
just thinking…
817. PTB |   Link |Aug 16, 2021 10:27:56 PM
After long waiting finally I got my money back
816. FAIZAN |   Link |Aug 10, 2021 5:54:41 PM
Dear all,
send email to 1) compliance@rolexrings.com,
2)rolex.ipo@linkintime.co.in,
3)support@5paisa.com,
4)dp.grievance@5paisa.com,
5)ipo.helpdesk@linkintime.co.in,
6)ahmedabad@linkintime.co.in,
7)delhi@linkintime.co.in,
8)vadodara@linkintime.co.in,
9)pune@linkintime.co.in,
10)coimbatore@linkintime.co.in
Dear sir,
My name is Mohammed Faizan and I have applied for Rolex rings IPO through 5paisa and UPI-mandate was done through paytm. It has been 4days since allotment is completed and I did not receive share allotment but I did not receive any refund yet.
In paytm app, it shows UPI-mandate is cancelled/revoked, but my amount has not been unblocked or refunded in bank. Kindly look into matter and do needful.
Details as Under.
Name: your name
PAN: GUKPSxxxx
UPI: 93292xxxx@paytm
App no: 8031xxxx
Regards,
Faizan
816.3. FAIZAN |   Link |Aug 11, 2021 10:53:00 AM
Not yet. They said on call that we have ordered banks to initiate refund 5days ago. But banks are holding it. so contact bank. I contacted bank, they said to wait till today evening.
816.4. Sandhya Sharma |   Link |Aug 14, 2021 2:27:48 AM
Have you got refund??
815. Aditya prakash |   Link |Aug 12, 2021 3:49:39 PM
Sir maine rolex ka ipo ke liye apply kiya tha apne or apne papa me demate accounts se but dono me same upi tha ar mere ko id se allotment mila tha ar ak ka paisa refund ho gya tha ar aj achanak se ak ka paisa debit ho gya I don''t know what to do plzz guide
814. PTB |   Link |Aug 11, 2021 12:49:57 PM
The end date for UPI mandates for the ROLEX IPO is 2021-08-16. The investor''s bank is supposed to release the blocked amount automatically after the mandate end date if you haven''t received an allotment. In case the release has not been processed for you, you can report it at ipo.upi@npci.org.in to NPCI
813. AjjuYadav |   Link |Aug 11, 2021 11:03:13 AM
Guys i have bought rolexrings @1160 on listing days and still holding at below 1095. what should i do now?... i''m expecting reversal with strong Q results on 14th!
813.1. Cautious ipo |   Link |Aug 11, 2021 11:12:53 AM
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Exit immediately
813.2. Bengal Tiger |   Link |Aug 11, 2021 11:24:33 AM
900 breaching soon...This will be on ur holdings for long now!
812. Roxpatel |   Link |Aug 9, 2021 8:57:14 AM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Short Rolex
Buy Glenmark on dips
812.1. Roxpatel |   Link |Aug 10, 2021 11:51:06 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Bola tha maine,
Ab kal to gaya rolex
812.2. harit |   Link |Aug 11, 2021 11:06:39 AM
રોલેક્સ તો પાણી માં બેસી ગયું?
811. arunARUN |   Link |Aug 11, 2021 9:36:04 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Counter under pressure. This week and quarterly results will decide direction
810. SamJos |   Link |Aug 10, 2021 6:15:08 PM
Chittorgadh team, Please update current price of Rolex Rings Ltd. as it is showing false price & hence false Gain/Loss in Performance Tracker page....
810.1. ColdBurger |   Link |Aug 11, 2021 1:51:45 AM
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
Bhai, yanha realtime nHi hoti price, yang evening mein ek bar update hota hai bas. Just type company name in chrome you will get realtime price.
809. Arjun Rajkot |   Link |Aug 10, 2021 10:33:54 PM
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Fraud Company stock can Reach 2200 or 20000

I will Not track this company.
Sell and Book whatever U Get.

I will not Buy as it fails Corporate Issue.
808. Chem cho |   Link |Aug 10, 2021 12:06:43 PM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
WHERE ARE MY CRITICS TODAY
SHOULD I LIST THEIR NAMES
THEY ARE NOW BAD FACED
CANNOT COME IN FRONT
WE ARE NOW GIVING ADVICE
TO HNI AS THEY ARE NOT GETTING ALLOTMENT
IN IPO
YESTERDAY ALSO HNI BROUGHT GLS
AT LOW WITH OUR SOFTWARE
ARE YOUR BROKERS GIVING ADVICE TO BUY
AND SELL IPO STOCKS
808.3. Quality Comment |   Link |Aug 10, 2021 12:22:07 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Also any advice on Clean & Science? The previous stop-loss occurred at 1555. Should we hold for the long term?
808.4. Black Swan |   Link |Aug 10, 2021 2:04:14 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Chachaji thoda rest karlo. BP na badao
807. akhilinta |   Link |Aug 9, 2021 8:33:41 PM
i didnt get rolex ipo but still i didnt get the money back , received the email saying that it will crdit but since 4 days nothing happened .What shall i do ?
807.1. PTB |   Link |Aug 9, 2021 9:35:18 PM
Here is same.
I was also contact to Google pay but they tell me that u should contact to ur bank or broker.
Then I place email to zerodha & SBI about this.
2 days goes but they not reply to me.
It is all abouts Patience testing mechanism ( I mean it will be simple for retail to get their queries)
807.2. akhilinta |   Link |Aug 10, 2021 1:55:01 PM
NOTED WITH THANKS AND LET US WAIT FOR THE MONEY
806. Cautious ipo |   Link |Aug 10, 2021 12:32:17 PM
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Cool down chacha....if your software permits 😊😊
805. Chem cho |   Link |Aug 10, 2021 11:30:55 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
ask your broker can i get zomato at listing price
pl tell me
804. Chem cho |   Link |Aug 10, 2021 11:13:27 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
ROLEX RINGS IS GOING DOWN TODAY
LIVE GLS YESTERDAY
IT IS RS 1120 AT 10.12 AM
BUY AT LOWS AT YOU RATE
804.1. Chem cho |   Link |Aug 10, 2021 11:19:29 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
WE HAVE ALREADY GIVEN OUR RATES TO HNI
FOR BUY BELOW 1120
804.2. Chem cho |   Link |Aug 10, 2021 11:25:12 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
how my critics are doing with their brokers
are they getting any advice for this ipo
i will now name them but
they will show their face
803. SANJEEV SOOD |   Link |Aug 10, 2021 10:29:57 AM
Once it cross 1200 , it will attempt its previous high , hold your horses guys.
802. KgN |   Link |Aug 10, 2021 10:03:30 AM
Is there any timeline that it will unblock automatically? Or will it not unblock till we reach out to registrar or bank?
801. Gangs |   Link |Aug 9, 2021 10:34:13 PM
Still I didn''t receive my refund of rolex and glen .There is no shares allotted.. when I''ll get my refund?
801.1. John Snow |   Link |Aug 10, 2021 8:28:11 AM
Top Contributor Top Contributor (200+ Posts)
Avoid UPI, use ASBA in future.
801.2. Chem cho |   Link |Aug 10, 2021 8:48:51 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
Hence forth apply through ASBA only
some time there are issues in upi
pl write to your bank or contact branch
800. Chem cho |   Link |Aug 9, 2021 10:51:48 AM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
GLS now below issue price
800.6. Chem cho |   Link |Aug 9, 2021 10:59:30 PM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
@ khater
you are my critic
so go on with your posts
800.7. Chem cho |   Link |Aug 9, 2021 11:14:53 PM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
@ khater
seems you lost money buy buying at high rate
and the low of the stock below the ipo price
hurt you , seem donot not crticice me
for you loss in buying at high value
why should i give the buy sell targets
i have tested the sofware on you people
and now with HNI
today they have bought the stock at IPO price or lower at todays low
799. Chem cho |   Link |Aug 9, 2021 2:38:05 PM
IPO Guru IPO Guru (2400+ Posts, 2500+ Likes)
BULL BEAR FIGHT LAST ONE HOUR
BETWEEN 1180 -85 AND 1170
799.1. Chartered accountant AB |   Link |Aug 9, 2021 7:37:05 PM
Rolex rings target for tomorrow and after 1 week ??
@chem cho🙏