Rolex Rings IPO to hit the market on 28 July 2021 and closes on 30 July 2021. The company plans to raise Rs.700 crore through the initial public offerings. The IPO comprises fresh issue of Rs.70 crores and offer for sale up to 6,500,000 equity shares of existing share holders. Rolex Rings incorporated in 2003 based in Rajkot, Gujarat. They are one of the top 5 forging companies in India. They are manufacturer of hot rolled forged & machine bearing rings and automotive components. Their products mainly used in passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. They are selling their products in India and in International market France, Italy, Germany, Thailand, Czech Republic, USA, and others. Their client base includes big names like SRF India, Schaeffler India, Timken India, etc. Currently they have their own 3 manufacturing plants in Rajkot. Check out Rolex Rings IPO details.
Rolex Rings IPO Date & Price Band
| IPO Open: | 28 July 2021 |
| IPO Close: | 30 July 2021 |
| IPO Size: | Approx Rs.700 Crores |
| Fresh Issue: | Approx Rs.70 Crores |
| Offer for Sale: | Approx Rs.630 Crores, 65,00,000 Shares |
| Face Value: | Rs.10 Per Equity Share |
| Price Band: | Rs.960 to Rs.970 Per Share (Estimated) |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | - Shares |
Rolex Rings IPO Market Lot
The Rolex Rings IPO minimum market lot is 15 shares with ₹14,550 application amount. The retail investors can apply up-to 13 lots with 195 shares or ₹189,150 amount.
| Minimum Lot Size: | Minimum 15 Shares |
| Minimum Amount: | Rs.14,550 |
| Maximum Lot Size: | Maximum 195 Shares |
| Maximum Amount: | Rs.189,150 |
Rolex Rings IPO Date, Time Table, Allotment & Listing
The Rolex Rings IPO date is 27 July 2021 and the IPO close date is 29 July 2021. The allotment date is 03 August 2021 and the IPO may list on 06 August 2021.
| Basis of Allotment: | 28 July 2021 |
| Basis of Allotment: | 30 July 2021 |
| Basis of Allotment: | 04 August 2021 |
| Refunds: | 05 August 2021 |
| Credit to Demat Account: | 06 August 2021 |
| Listing Date: | 09 August 2021 |
Rolex Rings IPO Form
How to apply the Rolex Rings IPO? You can apply Rolex Rings IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Rolex Rings IPO in the Invest section. The other option you can apply Rolex Rings IPO via IPO forms download via NSE and BSE. Check out the Rolex Rings forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
Rolex Rings Company Financial Report
| Rs. in Crores | |||||
| Assets | Revenue | PAT | |||
| 2018 | 803 | 792 | 72.88 | ||
| 2019 | 782 | 911 | 59.04 | ||
| 2020 | 686 | 675 | 52.94 | ||
| 2021 6M | 671 | 225 | 25.31 | ||
Subscriptions
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 16,24,444 | 0.00 | 0.23 | 143.58 |
| NII | 12,18,334 | 1.34 | 5.85 | 360.11 |
| Retail | 28,42,778 | 7.11 | 15.88 | 24.48 |
| Total | 56,85,556 | 3.84 | 9.26 | 130.43 |
Company Promoters
- Rupesh Dayashankar Madeka
- Jiten Dayashankar Madeka
- Manesh Dayashankar Madeka
- Pinakin Dayashankar Madeka
- Bhautik Dayashankar Madeka
Rolex Rings IPO Registrar
Link Intime India Private LtdC 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: rolex.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Note: Check Rolex Rings IPO allotment status on Linkintime website allotment URL. Click Here
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Phone: 0281 6699677/577
Email: compliance@rolexrings.com
Website: http://www.rolexrings.com/
Rolex Rings IPO Lead Managers
- Equirus Capital Private Limited
- IDBI Capital Market Services Limited
- JM Financial Consultants Private Limited
Company Address
Rolex Rings LimitedB/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Phone: 0281 6699677/577
Email: compliance@rolexrings.com
Website: http://www.rolexrings.com/
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