Rolex Rings Limited IPO
Mainboard₹14,400 / 16 Shares
Rolex Rings Limited IPO Details
The Rolex Rings Limited IPO price band is set between ₹880 to ₹ 900 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 28 Jul, 2021 and closes on 30 Jul, 2021. Investors can check the allotment status on 4 Aug, 2021, while the listing date is tentatively scheduled for 9 Aug, 2021.
The total issue size is ₹731 Crs, aggregating up to . Stay tuned for the latest Rolex Rings Limited IPO review and GMP updates.
Rolex Rings Limited IPO Review, Rating & Analysis
Rolex Rings Limited IPO Review
NO REVIEWRolex Rings Limited IPO Rating
Rolex Rings Limited IPO Highlights
IPO Date
Jul 28, 2021 - Jul 30, 2021
Listing Date
9 Aug, 2021
Face Value
₹10 Per Equity Share
Price Band
₹880 to ₹ 900 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Rolex Rings Limited IPO Lot Size
The minimum market lot for Rolex Rings Limited IPO is 16 shares with an application amount of ₹14,400. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹1,87,200 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600 |
| S-HNI (Max) | 69 | 1104 | ₹9,93,600 |
| B-HNI (Min) | 70 | 1120 | ₹10,08,000 |
Rolex Rings Limited IPO Timeline
Issue Price
₹880 to ₹ 900 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Equirus Capital Private Limited, IDBI Capital Market Services Limited, JM Financial Consultants Private LimitedIssue Size
₹731 CrsRolex Rings Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 796.92 | 619.75 | 86.95 | - | - | - |
| 31 Mar 20 | 686.17 | 675.33 | 52.94 | - | - | - |
| 31 Mar 19 | 782.25 | 911.25 | 59.04 | - | - | - |
| 31 Mar 18 | 803.49 | 791.54 | 72.87 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Rupesh Dayashankar Madeka
- Jiten Dayashankar Madeka
- Manesh Dayashankar Madeka
- Pinakin Dayashankar Madeka
- Bhautik Dayashankar Madeka
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 58.99% | 57.64% |
About Company
Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.
The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.
Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.
Rolex Rings Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 16,24,444 | 12,18,334 | 28,42,778 | 56,85,556 |
Day 1 -28-07-20 05:00 PM | 0.00 x | 1.34 | 7.11 x | 3.84 x |
Day 2 -29-07-20 05:00 PM | 0.23 x | 5.85 | 15.88 x | 9.26 x |
Day 3 -30-07-20 05:00 PM | 143.58 x | 360.11 | 24.49 x | 130.43 x |
19.64 times
Frequently Asked Questions about Rolex Rings Limited IPO IPO
When will Rolex Rings Limited IPO open for subscription?
The Rolex Rings Limited IPO opens on 28 Jul, 2021 and closes on 30 Jul, 2021.
What is the investors portion for Rolex Rings Limited IPO?
The investors' portion for QIB is 143.58 x, NII is 360.11, and Retail is 24.49 x.
How to apply for Rolex Rings Limited IPO?
You can apply for Rolex Rings Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rolex Rings Limited IPO?
The issue size of Rolex Rings Limited IPO is approx ₹₹731 Crs crores.
What is the price band of Rolex Rings Limited IPO?
The price band for Rolex Rings Limited IPO is ₹880 to ₹ 900 per equity share to ₹undefined.
What is the lot size of Rolex Rings Limited IPO?
The minimum bid (lot size) for Rolex Rings Limited IPO is N/A shares with an investment of approx ₹14,400 .
What is the allotment date of Rolex Rings Limited IPO?
The allotment date for Rolex Rings Limited IPO is 4 Aug, 2021.
What is the listing date of Rolex Rings Limited IPO?
The listing date for Rolex Rings Limited IPO is expected to be 9 Aug, 2021.
What is the GMP of Rolex Rings Limited IPO?
The latest Grey Market Premium (GMP) for Rolex Rings Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.