IPO

Rolex Rings Limited IPO

Mainboard

Bearings

Listed On: Aug 9, 2021 at ₹ 1250.0(NSE)

₹ 14400 /16 Shares

Check Allotment

28 Jul, 2021

Open Date

30 Jul, 2021

Close Date

04 Aug, 2021

Allotment Date

09 Aug, 2021

Listing Date
Price Summary

Last Closing

127.40 (-85.84%)

52 Week High

203.50

52 Week Low

99.79

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹880 to ₹ 900 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price ₹731 Crs
  • Listing at BSE, NSE
  • List Price 1250.0(NSE)
  • Listing Date 2021-08-09
  • Lead Manager Equirus Capital Private Limited, IDBI Capital Market Services Limited, JM Financial Consultants Private Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹880-900 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Jul 28, 2021 and ends on Jul 30, 2021. The allotment for IPO will be finalized on Aug 4, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 9, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Equirus Capital Private Limited, IDBI Capital Market Services Limited, JM Financial Consultants Private Limited.


The IPO sets its price band at 880-900 for each share. A single application for Rolex Rings Limited IPO must contain at least 16 shares.

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IPO Subscription Analysis And Details
Retail
24.49x
QIB
143.58x
NII
360.11x
Total
130.43x
As on QIB NII Retail Total
Shares Offered / Reserved 16,24,444 12,18,334 28,42,778 56,85,556
Day 1 28-07-20 05:00 PM
0.00 x 1.34 7.11 x 3.84 x
Day 2 29-07-20 05:00 PM
0.23 x 5.85 15.88 x 9.26 x
Day 3 30-07-20 05:00 PM
143.58 x 360.11 24.49 x 130.43 x
Total No of Applications
3489375
Subscription on the basis of Applications
19.64
Valuations
Earnings Per Share (EPS) ₹35.96/-
P/E Ratio N/A
RoNW 27.42%
Net Asset Value (NAV) - As on 31.03.21 ₹148.76
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18
Assets 796.92 686.17 782.25 803.49
Revenue 619.75 675.33 911.25 791.54
Profit After Tax 86.95 52.94 59.04 72.87
About Company

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.

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- Promoter(s)

Rupesh Dayashankar Madeka

Jiten Dayashankar Madeka

Manesh Dayashankar Madeka

Pinakin Dayashankar Madeka

Bhautik Dayashankar Madeka

Pre Issue Share Holding : 58.99%

Post Issue Share Holding : 57.64%

IPO - Issue Objectives
1

Funding long-term working capital requirements.

2

General corporate purposes.

IPO - Anchor Investors

Rolex Rings mops up Rs 219.3 crore through anchor investors, ahead of IPO opening

Marquee investors participated in the anchor book were Invesco Mutual Fund, Matthews Asia Funds, and HSBC Global Investment Funds.

Domestic investors including HDFC Trustee, ICICI Prudential, Axis Mutual Fund, Aditya Birla Sun Life, SBI Mutual Fund, Kotak Mutual Fund, L&T Mutual Fund and Nippon Life India also received shares through anchor book.