Rolex Rings IPO

IPO Status: Upcoming [28th Jul 2021 to 30th Jul 2021]

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About Rolex Rings IPO

Rolex Rings Limited, forgings and bearing rings manufacturer company IPO opens for subscription on 28 July and closes on 30 July. It is a mainline IPO of ₹731 Cr, comprising a fresh issue of ₹56 Cr and offer for sale of ₹675 Cr. Price band is set at ₹880-900 and lot size (minimum oder quantity) is 16 shares. Stay updated to know more about Rolex Rings IPO including business overview, latest financials, important dates, live subscription, allotment, grey market premium (GMP), and more.

Incorporation Sector IPO Issue Size Website
2003 Bearing and automotive components ₹731 Cr http://www.rolexrings.com/

About the company - Rolex Rings Limited

Rolex Rings Ltd is among the leading manufacturer of forged and machined bearing rings and automotive components. Its products are being used across industries such as vehicle segment (2-wheelers, passenger vehicles, industrial machinery, electric vehicles, wind turbines, railways, etc.), industrial machinery, renewable energy, railways, etc.

Leading automotive and bearing companies are the marquee customers of Rolex Rings such as SRF India, Timken India, Schaeffler India, etc. In fiscal 2020, it has exported its products to 17 different countries such as the USA, Italy, Thailand, Czech Republic, France, and others.

At present, it has 3 manufacturing facilities situated in Gujarat with an aggregated installed forging manufacturing capacity of 1,44,750 MTPA.

Rolex Rings IPO Objective

The net proceeds from the IPO will be utilized for the following purposes;

  • To meet the company's long-term funding requirements.
  • To meet general corporate purposes.

Rolex Rings IPO Details

Rolex Rings IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Rolex Rings IPO Details
Rolex Rings Issue Details Values
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹731 Cr.
Offer for Sale: 75,00,000 Eq Shares at ₹880-900 each [ Aggregating up to ₹675 Cr]
Fresh Issue: ₹56 Cr.
Face Value: ₹10 Per Equity Share
IPO Issue Price: ₹880-900
IPO Discount: 0
Market Lot: 16 Shares
Min Retail Qty: 16 shares (1 lot)
Max Retail Qty: 208 shares (13 lots)
Promoter Holding Pre IPO: 58.99%
Promoter Holding Post IPO: 57.64%
IPO Listing At: BSE, NSE
NSE Code: ROLEX

Rolex Rings Financials for past 3 Years

Past performance and financial results of Rolex Rings.

Rolex Rings financial
Rolex Rings Ltd Financials 31-Mar-2021 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹796.92 Cr ₹686.17 Cr ₹782.26 Cr ₹803.50 Cr
Total Income ₹619.76 Cr ₹675.33 Cr ₹911.25 Cr ₹791.54 Cr
Net Profit/Loss ₹86.96 Cr ₹52.94 Cr ₹59.04 Cr ₹72.88 Cr

Rolex Rings IPO Strengths

  • ICRA reported Rolex Rings as among the top 5 forging companies in India.
  • Wide range of product offerings to meet the diversified requirement of various industries.
  • Geographically diversified presence with export to various countries across the world.
  • Robust financial performance track record in the past.

Rolex Rings IPO Threats/Weaknesses

  • Heavy dependency on the automotive performance of certain regions such as India, Europe, North America, Latin America, and Asia.
  • Continuing adverse impact of a global outbreak of COVID-19 virus on business activities.
  • A substantial proportion of revenue is being generated from the top 10 customers, accounted for 65% in fiscal 2020.

Rolex Rings IPO Recommendations

Rolex Rings IPO Important Dates

In this section we have covered all important dates related to Rolex Rings IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Rolex Rings IPO important dates
IPO Activity Date
IPO Issue Open Date 28th Jul 2021
IPO Issue Close Date 30th Jul 2021
Basis of Allotment Finalisation Date* 4th Aug 2021
Refunds Initiation* 5th Aug 2021
Credit of Shares to Demat Account* 6th Aug 2021
IPO Listing Date* 9th Aug 2021

* - Tentative Dates

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  NRI Form ⇒

Rolex Rings IPO DRHP >>Document

Rolex Rings IPO RHP >>Document

Rolex Rings IPO Allotment Status >>Rolex Rings IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Rolex Rings Limited
B/h. Glowtech Steel Private Limited,
Gondal Road, Kotharia, Rajkot 360 004, Gujarat, India
Website: http://www.rolexrings.com/
Email: [email protected]
Phone: 0281 6699677/577

Registrar

Link Intime India Private Limited
C 101, 247 Park, L. B. S. Marg,
Vikhroli (West), Mumbai 400083
Tel:+91 22 4918 6200
E-mail:[email protected]
Website:http://www.linkintime.co.in/

Lead Manager

  1. Equirus Capital Private Limited.
  2. IDBI Capital Markets & Securities Limited
    JM Financial Limited
Rolex Rings IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Rolex Rings? Should I apply in Rolex Rings IPO?

Last Updated on 2021-07-27T09:19:39+00:00

Rolex Rings IPO FAQs

  1. 1. How to subscribe Rolex Rings IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rolex Rings IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rolex Rings IPO with Zerodha.

    Alternate approch to apply in Rolex Rings IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Rolex Rings IPO Review and Important Updates

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  2. 2. How to apply in Rolex Rings IPO online?

    Apply in Rolex Rings IPO online

    To subscribe or apply in Rolex Rings IPO, you can use the following methods:

    Rolex Rings IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Rolex Rings IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Rolex Rings IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Rolex Rings IPO. Most of the Syndicate Banks provide access to apply in Rolex Rings IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rolex Rings IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Rolex Rings IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Rolex Rings IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Rolex Rings IPO?

    Applying in Rolex Rings IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Rolex Rings IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Rolex Rings IPO, please refer article >> Link

    Rolex Rings IPO Review and Important Updates

    Steps to download the online application form for Rolex Rings IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 16 and max 208 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Rolex Rings IPO?

    Rolex Rings IPO is going to be list on 09-08-2021. NSE Code for Rolex Rings is ROLEX.

    Other relevant questions:

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  5. 5. When Rolex Rings IPO will be allocated?

    Rolex Rings IPO Allotment Date is 04-08-2021.

    Other relevant questions:

    Rolex Rings IPO share allotment date?Rolex Rings IPO allotment date?

     

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User Comments

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5. vijay sharma  7/21/2021 7:44:13 AM Reply
Rolex Rings IPO expected listing gain.
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4. M N Mukesh Kumar  7/21/2021 7:44:13 AM Reply
Please confirm Rolex Rings IPO GMP (grey market premium) and kostak.
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3. Abdul Hadi  7/21/2021 7:44:13 AM Reply
Rolex Rings IPO good or bad.
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2. sahadev singh kaviya  7/21/2021 7:44:13 AM Reply
Rolex Rings IPO whether to invest or not.
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1. ]suresh j shah  7/21/2021 7:44:13 AM Reply
Rolex Rings IPO - CRISIL Rating, Apply or not?.

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