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Rolex Rings Ipo Details, Gmp


Rolex Rings IPO Details

Hey Guys, There are many interesting Upcoming IPOs which are scheduled to be come in 2021. One such IPO is the Rolex Rings Ltd. IPO that is going to launch on July 28, 2021. To Apply for the IPO's you should must have Demat Account. 

To open Demat Account Click on ZERODHA  or  UPSTOX.  

If you Open Your Demat account with Us You will
  Get Free Membership of Premium Telegram Channel.


Let’s have a detailed review of the company and analytics of the Rolex Rings IPO release date, IPO offer price, subscription, Rolex Rings Limited IPO allotment, Rolex Ring grey market premium, and other details like the company’s background, financial positions of Rolex Rings Ipo , its promoters, and other related things. 

    About Rolex Rings Ltd. Company :-

    Rolex Rings Limited, Incorporated in 2003. 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.

    The company supplies its products to both the domestic as well as in international market to automotive companies and leading bearing manufacturers such as SKF India, Schaeffler India, Timken India, collectively account for 81% of the market share of Indian bearing industry.
     
    We are one of the key manufacturers of bearing rings in India and cater to most of the leading bearing companies in India.
     
    Company product portfolio includes a wide range of bearing rings, parts of gear box and automotive components, among others. Our manufacturing capabilities are complemented by our tool design, engineering and product development capabilities.

    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.

    The firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.

    Promoters Of Rolex Rings Ltd. :-

    The Promoters of Company are Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka.

    Promoter Holdings :-

    Pre Issue Promoter Holdings  58.99%
    Post Issue Promoter Holdings 57.64%

    Financials Of Rolex Rings Ltd. :-

    Particulars Financials  {Fig. in Cr.}
    31 March 2019 31 March 2020 31 March 2021
    Total Assets 782.25686.17796.92
    Total Revenue 911.25675.33619.75
    Total Expenses 770.69603.24544.57
    Profit After Tax 59.0452.9486.95
    EPS 24.6222.0836.26

    Financials Ratios :- 

    PE Ratio -  24.82 on basis of March 2021
    Sector PE - 

    Peers of Rolex Rings Ltd. :-

    Company Name    PE Ratio 
    Bharat Forge Ltd.NA
    Ramkrishna Forgings Ltd. 116.39
    MM Forgings Ltd.38.64
    Rolex Rings Limited24.82

    Rolex Rings Ltd. Ipo Details :-

    IPO Opening Date 28 July , 2021
    IPO Closing Date 30 July , 2021
    Face Value ₹10 per equity share
    IPO Price ₹880 to ₹900 per equity share
    Min. Order Quantity   13 Shares
    Issue Size ₹731 Cr
    Fresh Issue ₹56 Cr
    Offer for Sale ₹675 Cr
    Listing At BSE, NSE

    Shares Offered to :-

      QIB     50% 
    NII 15%
    RII 35%

    Objectives Of Ipo :-

    The net proceeds from the IPO will be utilized towards the following purposes. 
    1. Funding long-term working capital requirements.
    2. General corporate purposes.

    Ipo Timeline :-

    Ipo Dates  28 - 30 July 21
    Allotment Date  4 August 21
    Initiation of Refunds 5 August 21
    Credit of Share to Demat Account   6 August 21
    Ipo Listing Date 9 August 21

    Rolex Ring Ipo Grey Market Premium :-

    On 28 July 2021 - Rs. 510
    On 27 July 2021 - Rs. 450
    On 26 July 2021 - Rs. 550

    Rolex Ring Ltd. IPO Registrar :-

    Link Intime India Private Ltd.

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