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.

Rolex Rings

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.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
30-Sep-2031-Mar-2031-Mar-1931-Mar-18
Total Assets6,710.266,861.737,822.578,034.97
Total Revenue2,254.596,753.329,112.547,915.43
Profit After Tax253.14529.41590.41728.77

Rolex Rings IPO Prospectus:

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
Websitehttp://www.linkintime.co.in

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 Details:

IPO Opening DateJul 28, 2021
IPO Closing DateJul 30, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[.] to [.] 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 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 Promoter Holding:

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

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
Websitehttp://www.rolexrings.com/

Rolex Rings IPO FAQs

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 ₹[.] 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.

When Rolex Rings IPO will open?

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

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.

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.

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.

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.

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