Rolex Rings Limited IPO

Mainboard

Bearings

Listed On: Aug 9, 2021 at ₹ 1250.0(NSE)

₹ 14400 /16 Shares

Check Allotment

Price Summary

Last Closing

2,028.90 (125.43%)

52 Week High

2,794.00

52 Week Low

1,720.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

28 Jul, 2021

Open Date

30 Jul, 2021

Close Date

04 Aug, 2021

Allotment Date

09 Aug, 2021

Listing Date

Issue Price

₹880 to ₹ 900 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

1250.0(NSE)

Listing Date

2021-08-09

Market Lot

16 Shares (₹14,400/-)

Lead Manager

Equirus Capital Private Limited, IDBI Capital Market Services Limited, JM Financial Consultants Private Limited

Issue Size

₹731 Crs

Retail Portion

35%

Subscription

130.43 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	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

Total No. of Applications: 3489375 (Approx)

Retail Subscription on the basis of Applications: 19.64 times

Valuations

Earnings Per Share (EPS)

₹35.96/-

P/E Ratio

N/A

RoNW

27.42%

Net Asset Value (NAV) - As on 31.03.21

₹148.76

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19	31-Mar-18
Assets	796.92	686.17	782.25	803.49
Revenue	619.75	675.33	911.25	791.54
Profit After Tax	86.95	52.94	59.04	72.87

About The 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.

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- Promoter(s)

Pre Issue Share Holding: 58.99%

Post Issue Share Holding: 57.64%

Company Promoter(s)

Rupesh Dayashankar Madeka
Jiten Dayashankar Madeka
Manesh Dayashankar Madeka
Pinakin Dayashankar Madeka
Bhautik Dayashankar Madeka

IPO - Issue Objectives

Funding long-term working capital requirements.
General corporate purposes.

IPO - Anchor Investors

Rolex Rings mops up Rs 219.3 crore through anchor investors, ahead of IPO opening

Marquee investors participated in the anchor book were Invesco Mutual Fund, Matthews Asia Funds, and HSBC Global Investment Funds.

Domestic investors including HDFC Trustee, ICICI Prudential, Axis Mutual Fund, Aditya Birla Sun Life, SBI Mutual Fund, Kotak Mutual Fund, L&T Mutual Fund and Nippon Life India also received shares through anchor book.

IPO - FAQs

Ans. Rolex Rings Limited IPO is a Mainboard IPO. The issue is priced at ₹880 to ₹ 900 per equity share. The minimum order quantity is 16 Shares. The IPO opens on Jul 28, 2021, and closes on Jul 30, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Rolex Rings Limited IPO opens on Jul 28, 2021 and closes on Jul 30, 2021.

Ans. The size of Rolex Rings Limited IPO is ₹731 Crs.

Ans. The IPO price band is set between ₹880 to ₹ 900 per equity share.

Ans. To apply for Rolex Rings Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Rolex Rings Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Rolex Rings Limited IPO is Aug 4, 2021.

Ans. The Rolex Rings Limited IPO will be listed on Aug 9, 2021.

Ans. Follow the steps to check the allotment status for Rolex Rings Limited IPO here.