Rolex Rings Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹455(50.56%)
Premium (ELP)
Rolex Rings Limited's completed its IPO journey with a successful listing on NSE, BSE on Aug 09, 2021. The public offering mobilized 81,22,222 Shares in total capital, comprising 6,22,222 Shares in fresh equity and ₹675.00 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹880 to ₹900, with minimum application lots of 16 shares. Investor participation during the Jul 28, 2021 to Jul 30, 2021 subscription window determined the final allocation pattern.
The basis of allotment was announced on Aug 04, 2021, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2003, Rolex Rings is one of India’s top five forging companies, manufacturing hot-rolled forged and machined bearing rings and automotive components for passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, and railways. Its products, including alloy steel bearing rings weighing 0.01 kg to 163+ kg, serve domestic and international markets, supplying leading automotive companies and bearing manufacturers such as SRF India, Schaeffler India, and Timken India, with exports to 17 countries including France, Italy, Germany, Thailand, Czech Republic, and the USA. The company operates three manufacturing plants in Rajkot with 22 forging lines and a total installed capacity of 1,44,750 MTPA.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Forging Company: One of India’s top forging manufacturers.
- Strong Manufacturing: Advanced production capabilities.
- Wide Product Range: Offers a comprehensive portfolio of products.
- Diversified Revenue: Generates income from multiple geographies.
- Consistent Financials: Demonstrates a strong track record of performance.
NA
- Rupesh Dayashankar Madeka
- Jiten Dayashankar Madeka
- Manesh Dayashankar Madeka
- Pinakin Dayashankar Madeka
- Bhautik Dayashankar Madeka
Rolex Rings Limited
Link Intime India Private Limited