Rolex Rings Limited IPO Message Board (Page 40)

Gmp of Rolex ring is 400 - 405 rs...
Apply for listing gain ...

@Dharmeshbhai balaji wafers vala hot to wafer no kothlo lai let pan ato mostly bearing ane e badhu banave

@Ankitkumarvbhai ky nahi tame tya chho to have bajalaji vadane vat karo tene kejo IPO lavone have seni vat jovo chho

Rolex Rings IPO – *Market’s Current Estimates of oversubscription*:

NII = 40KCrs. = ~380.41X
RII = 30L Forms = 17.88X Applic. wise (Avg allotment of ~0.95 shares per lot)

Interest cost *@8.00%p.a.* for 7days = *131.95paise for 1X*

Thus, for NII the costing = 380.41 X 131.95 paise = Rs.501.93 per share (= GMP)

And, for RII the costing = 501.93 X 0.95 = Rs.477/- (= Kostak)


Rolex Rings IPO – *GMP Estimated*
GMP 525 +/- 5
Kostak 500 +/- 10
Subject 2 @7,600/-

@Quality Comment Maja ayi gay comment vachine hahaha

Adani WIlmar is probably filing for Rs.5000 Cr IPO . DRHP next weeks.

Rolex 425 +/- 10

Rolex Rings IPO – Schedule *(Final – Pg#274 of RHP)*

23rd July – Announcement of Price Band
27th July – Anchor Investors Allotment
28th July – Offer Opens
30th July – Offer Closes
04th Aug – Finalisation of Basis of Allotment
05th Aug – Unblocking of ASBA Accounts
06th Aug – Credit of Equity Shares to Depository Accounts
09th Aug – Commencement of Trading


Rolex Rings IPO – Issue Information *(Tentative)*

Issue Opens on: 28 July 2021
Issue Closes on: 30 July 2021
Issue Type: Book Built Issue IPO
Issue Size: 81,51,162 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.850 – Rs.860 Share
Discount: NIL
Market Lot: 17 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 2,39,81,090 Shares
Fresh Issue of 6,51,162 Shares @860/- = Rs.56Crs
Offer for Sale of 75,00,000 Shares @860/- = Rs.645Crs
Equity Shares outstanding after the Issue = 2,46,32,252 Shares

Category-wise Break up:
Anchor – 24,45,349 Shares = 210.30Crs
QIB – 16,30,232 Shares = 140.20Crs
NII – 12,22,674 Shares = 105.15Crs
RII – 28,52,907 Shares = 245.35Crs (Lot size: 17 = 1,67,818 Forms)
Total Issue – 72,21,649 Shares = 701.00Crs.

Subscription required for 1X
RII = 1,67,818 Forms
NII = 105.15 Crs


Rolex Rings IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Red Herring Prospectus Dated March 17, 2021 (347 pages)

EPS for FY17-18 >>> Rs.30.39 (Page #86 of DRHP)
EPS for FY18-19 >>> Rs.24.62 (Page #87 of RHP)
EPS for FY19-20 >>> Rs.22.08 (Page #87 of RHP)
EPS for FY20-21 >>> Rs.35.96 (Page #87 of RHP)

RoNW for FY17-18 >>> 46.62% (Page #87 of DRHP)
RoNW for FY18-19 >>> 27.42% (Page #88 of RHP)
RoNW for FY19-20 >>> 19.75% (Page #88 of RHP)
RoNW for FY20-21 >>> 27.42% (Page #88 of RHP)

NAV as on March 31, 2021 was Rs.148.76 (Page #89 of RHP)

Listed Industry Peer Group (Page #89 of RHP): Bharat Forge, Ramkrishna Forgings, MM Forgings



Rolex Rings IPO – *Market’s Current Estimates of oversubscription*:

NII = 30KCrs. = ~285.31X
RII = 25L Forms = 14.90X Applic. wise (Avg allotment of ~1.14 shares per lot)

Interest cost *@8.00%p.a.* for 7days = *131.95paise for 1X*

Thus, for NII the costing = 285.31 X 131.95 paise = Rs.376.45 per share (= GMP)

And, for RII the costing = 376.45 X 1.14 = Rs.430/- (= Kostak)


Rolex Rings IPO – *GMP Estimated*
GMP 420 +/- 5
Kostak 480 +/- 10
Subject 2 @6,100/-

Utkarsh SFB IPO coming soon 🔜

Any clash with this UTKARSH SFB IPO

thanks sir

Is it worth applying this , there is strong degrowth in Financials for last three years, better to avoid.

Hello,

Experts, please answer me.

I am applying for the same IPO from two different Demat accounts which are linked with two different PAN numbers. But I''m using the same UPI id for both transactions. Will my both application gets rejected?

as per rule yes,

3rd party ASBA acceptable but 3rd party upi not

Rolex Rings IPO – Schedule *(Tentative)*

23rd July – Announcement of Price Band
27th July – Anchor Investors Allotment
28th July – Offer Opens
30th July – Offer Closes
04th Aug – Finalisation of Basis of Allotment
05th Aug – Unblocking of ASBA Accounts
06th Aug – Credit of Equity Shares to Depository Accounts
09th Aug – Commencement of Trading


Rolex Rings IPO – Issue Information *(Very Tentative)*

Issue Opens on: 28 July 2021
Issue Closes on: 30 July 2021
Issue Type: Book Built Issue IPO
Issue Size: 72,21,649 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.960 – Rs.970 Share
Discount: NIL
Market Lot: 15 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 2,39,81,090 Shares
Fresh Issue of 7,21,649 Shares @970/- = Rs.70Crs
Offer for Sale of 65,00,000 Shares @970/- = Rs.630.50Crs
Equity Shares outstanding after the Issue = 2,47,02,739 Shares

Category-wise Break up:
Anchor – 21,66,495 Shares = 210.15Crs
QIB – 14,44,330 Shares = 140.10Crs
NII – 10,83,247 Shares = 105.07Crs
RII – 25,27,577 Shares = 245.17Crs (Lot size: 15 = 1,68,505 Forms)
Total Issue – 72,21,649 Shares = 700.50Crs.

Subscription required for 1X
RII = 1,68,505 Forms
NII = 105.07 Crs


Rolex Rings IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Red Herring Prospectus Dated March 17, 2021 (347 pages)

EPS for FY17-18 >>> Rs.30.39 (Page #86 of DRHP)
EPS for FY18-19 >>> Rs.24.62 (Page #86 of DRHP)
EPS for FY19-20 >>> Rs.22.08 (Page #86 of DRHP)
EPS for 6M20-21 >>> Rs.10.56 (Page #86 of DRHP)

RoNW for FY17-18 >>> 46.62% (Page #87 of DRHP)
RoNW for FY18-19 >>> 27.42% (Page #87 of DRHP)
RoNW for FY19-20 >>> 19.75% (Page #87 of DRHP)
RoNW for 6M20-21 >>> 08.62% (Page #87 of DRHP)

NAV as on September 30, 2020 was Rs.122.52 (Page #87 of DRHP)

Listed Industry Peer Group (Page #88 of DRHP): Bharat Forge, Ramkrishna Forgings, MM Forgings



Rolex Rings IPO – *Market’s Current Estimates of oversubscription*:

NII = 27KCrs. = ~256.96X
RII = 25L Forms = 14.84X Applic. wise (Avg allotment of ~1.01 shares per lot)

Interest cost *@8.00%p.a.* for 7days = *148.82paise for 1X*

Thus, for NII the costing = 256.96 X 148.82 paise = Rs.382.41 per share (= GMP)

And, for RII the costing = 382.41 X 1.01 = Rs.387/- (= Kostak)


Rolex Rings IPO – *GMP Estimated*
GMP 390 +/- 5
Kostak 395 +/- 10
Subject 2 @5,000/-

U always provide good information. Thanks a lot for your advise.

Thanks for the work madam.
Although amongst peers it''s seems doing fine but it''s not Apple to apple comparison since bharat forge (highest pe) has vast portfolio including defense contracts wherein it makes vehicles too and many other stuffs..
Let''s hope bull run and liquidity remain intact and we can have listing gains since issue seems reasonably priced but nothing exciting visible in product or growth..GMP is king

Zomato to post Q1 results on 29th or 30th July.

Growth on New Consumers Expected to be 32% on YOY.

See Companies Customers Like Ford, Timken India, Rbc Bearing, Abc Bearing, Schaeffler

Turnover for the year ending March 2020 is less than 700 crore.
Present IPO is for 700 crore, bulk of which is OFS.
Objective of IPO -long term capital requirements etc.!!!!!
YoY profits declining.
Not a monopolist business.
Any logic to apply ?????

तेजी मे fundamental नही sentiments काम करते है। सभी इश्यू मे पैसा बन रहा है । जब तक पैसा बन रहा बनाओ।
खाओ पिओ पत्तल फाड़ो
कम से कम लागत जरूर निकाल लो।

Mittal Bro ur comments r Ossam ..:)

gmp of Rolex Rings is 380 - 385 rs..
very popular name in rajkot industries..
so gmp to up rahega hi...

Matlab paisa lagane ka is IPO mein.. right mam?

Yes 100 %

Dear owls eye,you are the gem of this group,pls keep it regular msg in this group...and pls suggest some multibagger stocks for small investers in this group..keep it up

Sure:)

Financials doesn''t look impressive. Growth factor is missing...
But but but.... since the company is from Rajkot - possibility of Satta is very high..

Ha rajkotian Haa

Mahatma Gandhi ka sahar hai. Kuch to special hoga hi!

I have net banking of bank of India ,can I made five application of my friends from my account ! Third party applications possible !!

Any one using ASBA bank of India for third party applications ! Can I apply for my friends not having joint account in BOI with me ! Pl help

@IPO informar,

no need to have joint a/c...

just add their demat details to BOI asba

Rolex
390 +/- 5

I''m almost certain that there will be a small percentage of retail investors who will apply to this IPO thinking that it''s the Rolex watch company. Heck, I''m dead sure.

Ha Ha, I was thinking it is a jewellery company and was going to skip. Until I read further, then saw what others saw and most probably still going to skip.

Investors are going crazy no one cares financials. Companies are making merry. So this issue too will get heavy subscription.

Rolex Rings Company Financial Report
Rs in Crores

Assets Revenue       PAT
2018      Rs 803      Rs 792      Rs 72.88
2019      Rs 782      Rs 911      Rs 59.04
2020      Rs 686      Rs 675      Rs 52.94
2021 6M Rs 671      Rs 225      Rs 25.31

Thanks for latest data. Skipping.