Wednesday, July 21, 2021

Rolex Rings IPO Date, Review, Price, Form & Market Lot Details

Rolex Rings IPO to hit the market on 28 July 2021 and closes  on 30 July 2021. The company to raise ₹731 crores via initial public offer with a face value of ₹10 per equity share.
 
Rolex Rings IPO to hit the market on 28 July 2021 and closes on 30 July 2021. The company plans to raise ₹731 crore through the initial public offerings. The IPO comprises fresh issue of ₹56 crores and offer for sale up to 7,500,000 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.

Equity Shares outstanding prior to the Issue = 2,39,81,090 Shares
Fresh Issue of 6,22,222 Shares @900/- = Rs.56 Crores
Offer for Sale of 75,00,000 Shares @900/- = Rs.675 Crores
Equity Shares outstanding after the Issue = 2,46,03,312 Shares

Category-wise Break up:
Anchor - 24,36,667 Shares = 219.30 Crores
QIB - 16,24,444 Shares = 146.20 Crores
NII - 12,18,333 Shares = 109.65 Crores
RII - 28,42,778 Shares = 255.85 Crores (Lot size: 16 = 1,77,674 Forms)
Total Issue 0 81,22,222 Shares = 731.00 Crores

Subscription required for 1X
RII = 1,77,674 Forms
NII = 109.65  Crores

Financial Information (Basis of Valuation)
EPS for FY17-18 - Rs.30.39 (Page #86 of DRHP)
EPS for FY18-19 - Rs.24.62 (Page #87 of RHP)
EPS for FY19-20 - Rs.22.08 (Page #87 of RHP)
EPS for H120-21 - Rs.10.56 (Page #86 of DRHP)
EPS for FY20-21 - Rs.35.96 (Page #87 of RHP)

RoNW for FY17-18 - 46.62% (Page #87 of DRHP)
RoNW for FY18-19 - 27.42% (Page #88 of RHP)
RoNW for FY19-20 - 19.75% (Page #88 of RHP)
RoNW for H120-21 - 08.62% (Page #87 of DRHP)
RoNW for FY20-21 - 27.42% (Page #88 of RHP)

NAV as on March 31, 2021 was Rs.148.76 (Page #89 of RHP)
NAV as on September 30, 2020 122.52 (Page #87 of DRHP)
NAV as on March 31, 2020 111.80 (Page #87 of DRHP)

Listed Industry Peer Group:
  • Bharat Forge
  • RamKrishna Forg
  • MM Forge 


    Rolex Rings IPO Review

    • Apply for Listing Gain

    Brokerage Firm IPO Reviews

    • Axis Capital: Neutral
    • Capital Market: May Apply
    • ICICI Direct: Apply
    • Reliance Securities: Apply
    • Venture Securities: Apply

    Rolex Rings IPO Date & Price Band

     IPO Open:  28 July 2021
     IPO Close:  30 July 2021
     IPO Size:  Approx ₹731 Crores
     Fresh Issue:  Approx ₹56 Crores
     Offer for Sale:  Approx ₹675 Crores, 75,00,000 Shares
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹880 to ₹900 Per Share (Final)
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Equity:  - Shares

    Rolex Rings IPO Market Lot

    The Rolex Rings IPO minimum market lot is 16 shares with ₹14400 application amount. The retail investors can apply up-to 13 lots, 208 shares with ₹187,200 application amount.
     Minimum Lot Size:  Minimum 16 Shares
     Minimum Amount:  ₹14,400
     Maximum Lot Size:  Maximum 208 Shares
     Maximum Amount:  ₹187,200

    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.
     Price Band Announcement:  23 July 2021
     Anchor Investors Allotment:  27 July 2021
     IPO Open Date:  28 July 2021
     IPO Close Date:  30 July 2021
     Basis of Allotment:  04 August 2021
     Refunds:  05 August 2021
     Credit to Demat Account:  06 August 2021
     IPO 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

      ₹ 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

    Company Promoters

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

    About Rolex Rings

    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.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    Rolex Rings IPO Registrar

    Link Intime India Private Ltd
    C 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

    Rolex Rings IPO Lead Managers

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

    Company Address

    Rolex Rings Limited
    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 FAQs


    What is Rolex Rings IPO?

    Rolex Rings IPO is a main-board IPO. They are going to raise ₹731 Crores via IPO. The issue is priced at ₹880 to ₹900 per equity share. The IPO to be listed on BSE & NSE.

    When Rolex Rings IPO will open?

    The IPO is to open on 28 July 2021 for QIB, NII, and Retail Investors.

    What is Rolex Rings IPO Investors Portion?

    The investors' portion for QIB 50%, NII 15%, and Retail 35%.

    How to Apply the Rolex Rings IPO?

    You can apply Rolex Rings IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Rolex Rings IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Rolex Rings". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the Rolex Rings IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Rolex Rings". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

    What is Rolex Rings IPO Size?

    Rolex Rings IPO size is ₹713 crores. The IPO comprises ₹56 crore of fresh issue and 75,00,000 shares of offer for sale.

    What is Rolex Rings IPO Price Band?

    Rolex Rings IPO Price Band is ₹880 to ₹900 per equity share.

    What is Rolex Rings IPO Minimum and Maximum Lot Size?

    The minimum bid is 16 Shares with ₹14,400 amount while maximum bid is 208 shares with ₹187,200.

    What is Rolex Rings IPO Allotment Date?

    Rolex Rings IPO allotment date is 04 August 2021.

    What is Rolex Rings IPO Listing Date?

    Rolex Rings IPO listing date is 09 August 2021. The IPO to list on BSE and NSE.

    Note: The Rolex Rings IPO final details updated as it is officially announced. The IPO grey market premium (Rolex Rings IPO Premium) is started and updated on our portal. You can check our IPO grey market page for daily updates.)

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