Rolex Rings Ltd. IPO open in the market for Subscription as on 28th July 2021 and closes on 30th July 2021. The company plan to raise Rs. 731 crores from market via initial public offer with price band of Rs. 880 to 900 per equity share.
About Rolex Rings Ltd.
Where innovation, precision and revolution drives motion engineering towards excellence, every rising day! That’s how the world of automotive focus on Rolex Rings.
Based at Rajkot (Gujarat) India, Rolex Rings is among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe. Having expertise in precision engineering of various Forging and machining over a period of 4 decades. Rolex has garnered a wealth of expertise in manufacturing transmission components, engine components, chassis components, exhaust system components and bearing rings.
With an unabated commitment to Quality, focused on Technology Advancements, thrust on Customized Solutions and power of Superior Engineering Capabilities. Rolex has sustained a great success saga as a leading national player. And, it envisages evolving as a leading global player in the years to come.
The company has three manufacturing units in Rajkot and has 22 forging lines with a combined installed capacity of 1,44,750 MTPA, machining facilities consisting of 508 spindles with a combined installed capacity of 66 million parts per annum and other machinery including heat treatment furnaces, cold rolling machines and other infrastructure.
Rolex started its journey in manufacturing various types of rings for ball bearing, tapered, cylindrical, railway bearing components, spacers with additional operations like drilling, milling and marking. Our earnest endeavour is to provide the most perfect products, customized to the client’s requirements. Further, we excelled and increased our production capacity to 145K MT per annum & have a achieved leading position in manufacturing forged and machining components across the globe. Over a Period of 4 decades. Today, Rolex is known for relentlessly setting new and higher benchmarks for the industry in the areas of forging and machining.
Company Promoters:
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka and Bhautik Dayashankar Madeka are promoters of the company.
Rolex Rings Ltd IPO Date, Price Band, Market Lot, Allotment & Listing details:
|
IPO Open |
28th July 2021 |
|
IPO Close |
30th July 2021 |
|
IPO Size |
Rs.731 Crores |
|
Fresh Issue |
Rs.56 Crores |
|
Offer for Sale |
Rs.675 Crores, 75 lacs Share |
|
Face Value |
Rs.10 Per Equity Share |
|
Price Band |
Rs.880 to Rs.900 Per Share |
|
Listing on |
BSE & NSE |
|
Registrar |
LinkInTime |
|
Retail Quota & Lots |
35% - 1,77,674 Lots |
|
Employee Disc |
Rs. 0.00 per share |
|
Total Share Issue |
Shares |
|
Minimum Lot Size |
Mini. 16 Shares - 1 Lots |
|
Minimum Amount |
Rs. 14,400/- |
|
Maximum Lot Size |
Maxi. – 208 Shares – 13 Lots |
|
Maximum Amount |
Rs.1,87,200/- |
|
Basis of Allotment |
4th August 2021 |
|
Refunds |
5th August 2021 |
|
Credit to Demat A/c |
6th August 2021 |
|
Listing Date |
9th August 2021 |
Company Audited Financials Summery:
Summary of financial Information (Restated Consolidated)
|
Rs. in Crores |
||||
|
|
FY2018 |
FY2019 |
FY2020 |
H1 FY2021 |
|
Revenue |
791.5 |
911.3 |
675.3 |
225.5 |
|
Expenses |
697.5 |
770.7 |
603.2 |
210.9 |
|
Net income |
72.9 |
59 |
52.8 |
25.7 |
|
NI Ratio (%) |
9.21% |
6.47% |
7.82% |
11.40% |
|
EPS |
30.39 |
24.62 |
22.08 |
10.56 |
Objectives of the IPO:
The Net proceeds of IPO will be utilized for the following purposes;
• Funding long-term working capital requirements.
• General corporate purposes.
Company Contact Information
Near Kotharia Railway Crossing, opposite Hotel Krishna Park,
Gondal Road, Kotharia, Rajkot, Gujarat 360 004
Phone: +91 0281 6699677/577
Email: compliance@rolexrings.com
Website: www.rolexrings.com
IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: rolex.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
FAQs on Rolex Rings IPO
When Rolex Rings IPO will open for retail Investors?
The IPO is to open for subscription on 28th July 2021 for all type Investors.
What is Rolex Rings IPO Investors Quota?
The investors' Quota for QIB 50%, NII 15%, and Retail 35%.
What is Rolex Rings IPO Size for retail?
Rolex Rings IPO size is Rs.731 crores and for retail is Rs.256 crores.
What is Rolex Rings IPO offer Price ?
Rolex Rings IPO offer Price is Rs.880 to Rs.900.
What is Rolex Rings IPO Minimum Lot Size?
The minimum order quantity is 16 Shares with Rs.14,400.
What is Rolex Rings IPO Allotment Date?
Rolex Rings IPO allotment date is 4th August 2021.
What is Rolex Rings IPO Listing Date?
Rolex Rings IPO listing on NSE & BSE as on 9th August 2021.
You can fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the your Broker app or website.
You can apply IPO by following ways :
- You can apply any IPO via netbanking of your bank account login in that you will ASBA online service available and in that menu you will see the IPO name in which you want to apply, click in apply button. Enter the your demate A/c details, Quantity and price. click on submit IPO Application.
- You can also apply ASBA online by UPI through your stock brokers/ mobile application. For that You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- You can also apply through your stock brokers by filling up the physical/offline form.
How to check IPO Allotment Status ?
1. Go to on IPO allotment link -
2. Select IPO Name from drop down menu bar from list of IPO
3. Select any one Option from PAN Number, Application Number or DP ID Option
4. As per selection Enter PAN Number, Application Number or DP ID Option
5. Click on 'Search' Button
6. You will get your IPO Allotment on the screen (Phone / Computer).
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