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Rolex Rings Limited IPO

Rolex Rings Limited IPO

IPO Date :
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Allotment Date :
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Listed Price: ₹ 1,250.00 (+38.89%)

Rolex Rings Limited's completed its IPO journey with a successful listing on NSE, BSE on 09-08-2021. 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 28-07-2021 to 30-07-2021 subscription window determined the final allocation pattern.

The basis of allotment was announced on 04-08-2021, 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.

Rolex Rings IPO Details
Lot(s) Distribution

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.

IPO Reservation
Rolex Rings IPO Key Performance Indicator
Company Financials ( In Lakhs )

Rolex Rings IPO About Company

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."


Rolex Rings IPO Strength Factors

  1. Leading Forging Company: One of India’s top forging manufacturers.
  2. Strong Manufacturing: Advanced production capabilities.
  3. Wide Product Range: Offers a comprehensive portfolio of products.
  4. Diversified Revenue: Generates income from multiple geographies.
  5. Consistent Financials: Demonstrates a strong track record of performance.

Rolex Rings IPO Risk Factors

NA


Rolex Rings IPO Lead Manager(s)

  • Equirus Capital Private Limited
  • IDBI Capital Market Services Limited
  • Jm Financial Limited

Rolex Rings IPO Promoter(s)

  1. Rupesh Dayashankar Madeka
  2. Jiten Dayashankar Madeka
  3. Manesh Dayashankar Madeka
  4. Pinakin Dayashankar Madeka
  5. Bhautik Dayashankar Madeka

Rolex Rings IPO Company Details

Rolex Rings Limited
Phone:
address:

Rolex Rings IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Rolex Rings IPO FAQs