Rolex Rings Limited IPO
Rolex Rings was founded in 2003 and is among the top five forging companies in India. Manufacturing hot-rolled forged & machine bearing rings and auto components, the company’s products are utilized across segments, such as for passenger vehicles, two-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, and industrial machines, wind turbines, and railways. With a broad range of product offerings such as automotive parts and hot forged and machined alloy steel bearing rings weighing from 0.01 kg to 163+ kg, we cater to various industries such as automotive, industrial infrastructure, railways, renewable energy, etc.
In addition to providing its products to major bearing manufacturers in India, the company also supplies them to automotive companies such as SRF India, Schaeffler India, and Timken India. During fiscal 2020, the company exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, the USA, and others.
A total of 1.447 million metric tons of steel per annum are produced by the firm’s three Rajkot plants, each with 22 forging lines.
Strengths of the company:
- One of the leading forging companies in India.
- Manufacturing capabilities that are strong.
- Offering a comprehensive product portfolio.
- Revenue derived from a geographically diverse base.
- A performance track record that is consistent and strong.
Objectives of the Issue:
- Long-term funding of working capital requirements.
- For general corporate purposes
Promoters of the company:
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||253.14||529.41||590.41||728.77|
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 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||[.] to [.] 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 Sale||7,500,000 Eq Shares of ₹10|
(aggregating up to ₹675.00 Cr)
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).
Rolex Rings Promoter Holding:
|Pre Issue Share Holding||58.99%|
|Post Issue Share Holding||57.64%|
Company Contact Information:
Rolex Rings Limited
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Phone: 0281 6699677/577
Rolex Rings IPO FAQs
Rolex Rings IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .
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.
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.