IPO Status: Upcoming [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.
|Incorporation||Sector||IPO Issue Size||Website|
|2003||Bearing and automotive components||₹731 Cr||http://www.rolexrings.com/|
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.
The net proceeds from the IPO will be utilized for the following purposes;
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 Issue Details||Values|
|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|
|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|
Past performance and financial results of Rolex Rings.
|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|
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.
|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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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.
Last Updated on 2021-07-27T09:19:39+00:00
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.
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To subscribe or apply in Rolex Rings IPO, you can use the following methods:
|Rolex Rings IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for Rolex Rings IPO
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Rolex Rings IPO is going to be list on 09-08-2021. NSE Code for Rolex Rings is ROLEX.
Other relevant questions:When Rolex Rings IPO will be listing? Rolex Rings IPO NSE listing date?Rolex Rings IPO date of listing
Rolex Rings IPO Allotment Date is 04-08-2021.
Other relevant questions:Rolex Rings IPO share allotment date?Rolex Rings IPO allotment date?