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Rolex Rings Limited IPO Details

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Rolex Rings IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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.

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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

DateDetails
1977-1978The 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, 2003The 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, 2021The 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

DescriptionRolex IPO Details
Public IssueInitial 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  Date28-Jul-21
Issue Close Date30-Jul-21
Issue TypeBook 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 InvestorRs. 2,00,000
Listing BSE, NSE
NSE SymbolROLEX
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Rolex Rings IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum116Rs.14,400
Maximum13208Rs.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

DetailsDate
Bid / Offer Opens on27-Jul-21
Bid / Offer Closes on29-Jul-21
Finalisation of Basis of Allotment04-Aug-21
Initiation of refunds 05-Aug-21
Credit of the Equity Shares06-Aug-21
Commencement of trading – Listing09-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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