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IPO Status: Listed [28th Jul 2021 to 30th Jul 2021]
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.
| IPO Issue Opening Date: | 28th Jul 2021 |
| IPO Issue Closing Date: | 30th Jul 2021 |
| IPO Issue Price: | ₹880-900 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50 |
| IPO Issue Type: | Book Build Issue |
| 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 Discount: | 0 |
| Promoter Holding Pre IPO: | 58.99% |
| Promoter Holding Post IPO: | 57.64% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543323 |
| NSE Code: | ROLEXRINGS |
Get important updates regarding Rolex Rings IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 4th Aug 2021 |
| Refunds Initiation* | 5th Aug 2021 |
| Credit of Shares to Demat* | 6th Aug 2021 |
| IPO Listing Date* | 9th Aug 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹880-900 |
| Market Lot: | 16 Shares |
| 1 Lot Amount: | ₹14400 |
| Min Small HNI Lots(2-10 Lakh): | 224 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 08-08-2021 | 900 | 455 | -- | ₹1355 (50.56%) | 8-Aug-2021 10:57 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Bearing and automotive components | ₹731 Cr. | http://www.rolexrings.com/ |
The net proceeds from the IPO will be utilized for the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,624,444 (28.57%) | 1,218,334 (21.43%) | 2,842,778 (50%) | 5,685,556 | |
| 1 | 28th Jul 2021 17:03 | 0.00x | 1.34x | 7.11x | 3.84x |
| 2 | 29th Jul 2021 17:03 | 0.23x | 5.85x | 15.89x | 9.26x |
| 3 | 30th Jul 2021 17:03 | 143.58x | 360.11x | 24.49x | 130.44x |
| 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 |
Last Updated on 27-Sep-2021 10:41:26
