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Joined in 2003, Rolex Rings is among the best five manufacturing organizations in India. The organization produces hot rolled manufactured and machine bearing rings and auto parts that are utilized across portions for example traveler vehicles, 2-wheelers, business vehicles, electric vehicles, off-expressway vehicles, mechanical hardware, wind turbines, railroads, and so forth A wide scope of item contributions like auto parts, hot fashioned and machined combination steel bearing rings weighing from 0.01 Kg to 163+ kg obliges various enterprises for example car, modern framework, railroads, environmentally friendly power, and so forth
The organization supplies its items on both the homegrown just as global ground to auto organizations and driving bearing makers like SRF India, Schaeffler India, Timken India, and so on In monetary 2020, it has traded bearing rings and car parts to 17 unique nations for example France, Italy, Germany, Thailand, Czech Republic, USA, and others.
At present, the firm has 3 assembling plants in Rajkot with 22 producing lines with a collected introduced limit of 1,44,750 MTPA.
Subscription Dates | 28 – 30 July 2021 |
Price Band | INR880 – 900 per share |
Fresh issue | INR56 crore |
Offer For Sale | 7,500,000 shares (INR660 – 675 crore) |
Total IPO size | INR716 – 731 crore |
Minimum bid (lot size) | 16 shares |
Face Value | INR10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
| FY2018 | FY2019 | FY2020 | FY2021 |
Revenue | 791.5 | 911.3 | 675.3 | 619.8 |
Expenses | 697.5 | 770.7 | 603.2 | 544.6 |
Net income | 72.9 | 59.0 | 52.8 | 87.5 |
Margin (%) | 9.2 | 6.5 | 7.8 | 14.1 |
Earnings Per Share (EPS): INR35.96
Price/Earnings (PE ratio): 24.47 – 25.03
Return on Net Worth (RONW): 24.38%
Net Asset Value (NAV): INR148.76 per share
Date | Rolex Rings IPO GMP | Kostak | Subject to Sauda |
7 August 2021 | INR400 | – | – |
6 August 2021 | INR450 | – | – |
5 August 2021 | INR470 | – | – |
4 August 2021 | INR450 | INR300 | INR6,000 |
3 August 2021 | INR480 | INR350 | INR6,000 |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Rolex Rings Limited | Aug 9, 2021 | 900 | 1166.55 | 29.62% |
NSE : ROLEXRINGS.
BSE : 543325.
ISIN CODE : INE645S01016.
Angel Broking – Neutral
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SMC Global – 1.5/5
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IPO Opening Date: 28 July 2021
IPO Closing Date: 30 July 2021
Finalisation of Basis of Allotment: 4 August 2021
Initiation of refunds: 5 August 2021
Transfer of shares to demat accounts: 6 August 2021
Listing Date: 9 August 2021
Opening Price on NSE: INR1,250 per share (up 38.89% from IPO price)
Closing Price on NSE: INR1,167 per share (up 29.67% from IPO price)
Rolex Rings Limited
Near Kotharia Railway Crossing, opposite Hotel Krishna Park, Gondal Road, Kotharia, Rajkot, Gujarat 360 004
Phone: +91 0281 6699677/577
Email: compliance@rolexrings.com
Website: www.rolexrings.com
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: rolex.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 16,24,444 | 0.00 | 0.23 | 143.58 |
NII | 12,18,334 | 1.34 | 5.85 | 360.11 |
Retail | 28,42,778 | 7.11 | 15.88 | 24.48 |
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Total | 56,85,556 | 3.84 | 9.26 | 130.43 |
Rolex Rings IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹731.00 Crores. The issue is priced at ₹880 to ₹900 per equity share. The minimum order quantity is 16 Shares..The initial public offering (IPO) begins on Jul 28, 2021 and ends on Jul 30, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Rolex Rings IPO opens on Jul 28, 2021 and closes on Jul 30, 2021.
Rolex Rings IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.
Rolex Rings IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Rolex Rings IPO will be done on Aug 4, 2021, and the allotted shares will be credited to your demat account by Aug 6, 2021. Check the Rolex Rings IPO allotment status.
The Rolex Rings IPO listing date is on Monday, August 9, 2021.
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