Rolex Rings IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Rolex Rings
- Important Details – Rolex Rings
- Objects of the Issue
- Rolex Rings Limited Financials:
- Rolex Rings IPO Price – Details
- Rolex Rings IPO Lot Size
- Rolex Rings IPO DRHP & RHP
- Rolex Rings IPO Lead Managers
- Rolex Rings Registrar
- Rolex Rings IPO Allotment Date, Listing Date and other Important Dates
- Company Corporate Office
- Company Registered Office
- Company Promoters
- Rolex Rings IPO – FAQS
About Rolex Rings
Rolex Rings is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines and railways, amongst other segments.
Rolex Rings supply domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies, tier-I suppliers to global auto companies and some auto OEMs. As per ICRA Report, SKF India Limited, Schaeffler India Limited Timken India Limited, NEI and NRB collectively account for 81% of the market share of Indian bearing industry. Rolex Rings is one of the key manufacturers of bearing rings in India (Source: ICRA Report) and cater to most of the leading bearing companies in India
Important Details – Rolex Rings
| Date | Details |
|---|---|
| 1977-1978 | The company originally started as a business in partnership under the name of ‘Rolex Industries’ by two of the Promoters Rupesh Dayashankar Madeka and Manesh Dayashankar Madeka. |
| February 13, 2003 | The partnership firm was, thereafter, converted into a joint stock company under the Companies Act, 1956, in the name of ‘Rolex Rings Private Limited’. |
| March 10, 2021 | The name of the company was further changed to Rolex Rings Limited upon conversion to a public limited company, the change of the Company’s name to ‘Rolex Rings Limited’. |
Objects of the Issue
- Funding long-term working capital requirements; and
- General corporate purposes.
Rolex Rings Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 7,969.24 | 6,861.73 | 7,822.57 |
| Total income | 6,197.57 | 6,753.32 | 9,112.54 |
| Profit After Tax | 869.55 | 529.41 |
590.41 |
Rolex Rings IPO Price – Details
| Description | Rolex IPO Details |
|---|---|
| Public Issue | Initial Public offer of [.] Equity Shares comprising a Fresh Issue of up to Rs 560 million and an Offer for Sale of up to 75,00,000 equity shares |
| Issue Open Date | 28-Jul-21 |
| Issue Close Date | 30-Jul-21 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 880 to ₹ 900 per equity share |
| Face Value | ₹ 10 |
| Market Lot | 16 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 16 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE, NSE |
| NSE Symbol | ROLEX |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Rolex Rings IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 16 | Rs.14,400 |
| Maximum | 13 | 208 | Rs.1,87,200 |
Rolex Rings IPO DRHP & RHP
Rolex Rings IPO Lead Managers
- Equirus Capital Private Limited
- IDBI Capital Markets & Securities Limited
- JM Financial Limited
Rolex Rings Registrar
Rolex Rings IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 27-Jul-21 |
| Bid / Offer Closes on | 29-Jul-21 |
| Finalisation of Basis of Allotment | 04-Aug-21 |
| Initiation of refunds | 05-Aug-21 |
| Credit of the Equity Shares | 06-Aug-21 |
| Commencement of trading – Listing | 09-Aug-21 |
Company Corporate Office
Near Kotharia Railway Crossing,
Opposite Hotel Krishna Park,
Gondal Road, Kotharia,
Rajkot, Gujarat 360 004
Company Registered Office
B/h. Glowtech Steel Private Limited,
Gondal Road,
Kotharia, Rajkot,
Gujarat 360 004
Company Promoters
- Rupesh Dayashankar Madeka
- Jiten Dayashankar Madeka
- Manesh Dayashankar Madeka
- Pinakin Dayashankar Madeka
- Bhautik Dayashankar Madeka
Rolex Rings IPO – FAQS
When Rolex Rings IPO will open ?
The Rolex Rings IPO opens on July 28, 2021 and closes on July 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.
What is the price band for Rolex Rings IPO ?
The Rolex Rings IPO price band at Rs.880 to Rs.900 per share
Who is the Registrar for Rolex Rings IPO ?
The Registrar is Link Intime India Private Limited
How to apply in Rolex Rings IPO through UPI?
Check the step by step process here – Click here
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