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Rolex Rings IPO

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

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Rolex Rings IPO Detail

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.

Rolex Rings IPO Details

IPO Issue Opening Date: 28th Jul 2021
IPO Issue Closing Date: 30th Jul 2021
IPO Issue Price: ₹880-900 Per Share
DRHP: View DRHP
RHP: View RHP
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

IPO Live GMP IPO Live GMP

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
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

Rolex Rings IPO Lots

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):
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  • About Company - Rolex Rings

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

    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.

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    Rolex Rings IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 1,624,444 Shares
    • Non-Institutional Investors: 1,218,334 Shares
    • Retail Individual Investor: 2,842,778 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered1,624,444 (28.57%)1,218,334 (21.43%)2,842,778 (50%)5,685,556
    128th Jul 2021 17:030.00x1.34x7.11x3.84x
    229th Jul 2021 17:030.23x5.85x15.89x9.26x
    330th Jul 2021 17:03143.58x360.11x24.49x130.44x

    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

    Company Address

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

    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
    Website: http://www.linkintime.co.in
    Phone: +91-22-4918 6270
    Email: [email protected]

    Rolex Rings IPO Lead Manager

    1. JM Financial Consultants Private Limited
    2. IDBI Capital Market Services Limited
    3. Equirus Capital Private 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 2021-09-27T10:41:26+00:00


    User Reviews

    avatar
    5. vijay sharma Jul 21 2021 07:44:13 AM Reply
    Rolex Rings IPO expected listing gain.
    avatar
    4. M N Mukesh Kumar Jul 21 2021 07:44:13 AM Reply
    Please confirm Rolex Rings IPO GMP (grey market premium) and kostak.
    avatar
    3. Abdul Hadi Jul 21 2021 07:44:13 AM Reply
    Rolex Rings IPO good or bad.
    avatar
    2. sahadev singh kaviya Jul 21 2021 07:44:13 AM Reply
    Rolex Rings IPO whether to invest or not.
    avatar
    1. ]suresh j shah Jul 21 2021 07:44:13 AM Reply
    Rolex Rings IPO - CRISIL Rating, Apply or not?.