Incorporated in 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.
The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.
Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.
Competitive Strengths
- Among the leading forging companies in India.
- Strong manufacturing capabilities.
- Comprehensive product portfolio.
- Geographically diversified revenue base.
- Strong and consistent financial performance track record.
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 |
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 |
Company Promoters:
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.
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/
Incorporated in 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.
The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.
Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.
Competitive Strengths
- Among the leading forging companies in India.
- Strong manufacturing capabilities.
- Comprehensive product portfolio.
- Geographically diversified revenue base.
- Strong and consistent financial performance track record.
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 |
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 |
Company Promoters:
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.
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/