Rolex Rings Incorporated in 2003, 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 like 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 like 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 Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 28 July 2021 |
| IPO Close Date | 30 July 2021 |
| Allotment Date | 04 Aug 2021 |
| IPO Listing Date | 09 Aug 2021 |
Rolex Rings Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 880 to Rs. 900 Per Equity Share |
| Market Lot | 16 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 731 Crore. |
Rolex Rings Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 16 | Rs. 14400 |
| Maximum | 13 | 208 | Rs. 187200 |
Rolex Rings Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Rolex Rings Limited
Click Here To Get ASBA Forms Rolex Rings Limited.
Company Financials:
| Particular | 30 Sep 2020 | 31 March 2020 | 31 March 2019 |
| Total Assets | 6710.26 | 6861.73 | 7822.57 |
| Total Revenue | 2254.59 | 6753.32 | 9112.54 |
| Profit After Tax | 253.14 | 529.41 | 728.77 |
Company Promoters:
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.
Objects of this Issue:
The net IPO proceeds will be used for the following purposes;
- Funding long-term working capital requirements.
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Link Intime India Private Ltd 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 |
