Rolex Rings Limited IPO Message Board (Page 41)

*Rolex Rings IPO*

Issue Dates: *28th to 30th July 2021*
Issue Size: *Rs 700 Crs* (Approx.)
Issue Prize: *Rs 960 to Rs 970* (Tentative)
Lot Size: *15 Shares*
Retail Quota: *35%*
Face Value: *Rs 10/- per Share*

Basis of Allotment: *August 4, 2021*
Initiation of Refunds: *August 5, 2021*
Credit of Shares: *August 6, 2021*
IPO Listing Date: *August 9, 2021*

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

NII = 20KCrs. = ~190.34X
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 = 190.34 X 148.82 paise = Rs.283.27 per share (= GMP)

And, for RII the costing = 283.27 X 1.01 = Rs.286/- (= Kostak)


Rolex Rings IPO – *GMP Estimated*
GMP 310 +/- 1
Kostak 315 +/- 10
Subject 2 @4,000/-

Agar tume malum hai Sab ese hai to tum kyu aye idar...

Mam keep doing the good work.👍
He is gone now.
I hit him with spam.
Ignore such kind of post.

The company''s PAT is on downward trend. Any cause of concern., Eagleye mam ?

*Rolex Rings IPO*

Issue Dates: *28th to 30th July 2021*
Issue Size: *Rs 700 Crs* (Approx.)
Issue Prize: *Rs 960 to Rs 970* (Tentative)
Lot Size: *15 Shares*
Retail Quota: *35%*
Face Value: *Rs 10/- per Share*

Basis of Allotment: *August 4, 2021*
Initiation of Refunds: *August 5, 2021*
Credit of Shares: *August 6, 2021*
IPO Listing Date: *August 9, 2021*

Gmp activities start in Rolex ring with good volume..
Currently traded at 280 - 285 rs...
Wait for price band..

It snached Glenmarks GMP. I think between 2 it is better. Baki logon ki marzi.

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 – 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 9M20-21 >>> 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*

Issue Dates: *28th to 30th July 2021*
Issue Size: *Rs 700 Crs* (Approx.)
Issue Prize: *Rs 960 to Rs 970* (Tentative)
Lot Size: *15 Shares*
Retail Quota: *35%*
Face Value: *Rs 10/- per Share*

Basis of Allotment: *August 4, 2021*
Initiation of Refunds: *August 5, 2021*
Credit of Shares: *August 6, 2021*
IPO Listing Date: *August 9, 2021*

Dear Unknown,
Its approximate Rs 700 Cr IPO with Rs 70 Cr Fresh Issue and remaining as OFS.

This seems quite costly at 960. Sona BLW had something left for public.

सोचिए कम्पनी तिमाही दिसम्बर 20 और मार्च 21के वार्षिक रिजल्ट कहाँ है? क्या तिमाही एवं वार्षिक रिजल्ट अभी आए नही।

Ab inko anchor hi bacha sakte hai mittal jee. Udhar glenmark ka GMP bhi downhi gya eske chakkar me
.

Good company and profit making..
Track record is good...
Wait and watch for price band and other details...

मैडम ,कैसा track record
Sale कम हो रही है,PAT कम हो रहा है,और assets भी कम हो रहे हैं।
चढे हूए तवे पर दो अपनी भी सेक लो।
सिर्फ 700 करोड की ही तो बात है।
तिमाही दिसम्बर 20 एवं वार्षिक मार्च 21 के रिजल्ट website पर भी नही है,जबकि जून 21 तिमाही के रिजल्ट आने लगे हैं,
पहले एंकर लिस्ट फिर GMP इसके बाद विचार

All bussinesses are Good but here PAT is decreasing from last 3 years so It may be risky at time of listing.

Its a bull wave ,
what to say more
just apply like herd mentality
for listing gains

आपका सॉफ्टवेयर क्या इसमें अप्लाई करने का सलाह दे रहा है ? आपकी क्या राय है?

Since 2018, company''s revenue and net profit are declining each year.

perhaps last ipo of july 2021

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(i). Rolex Rings is one of the top five forging companies in India and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines, and railways, amongst other segments.

(ii). Their product portfolio includes a wide range of bearing rings, parts of gearbox, and automotive components, among others. Its manufacturing capabilities are complemented by its tool design, engineering, and product development capabilities.

(iii). To date, it has offered a diverse range of hot forged and machined alloy steel bearing rings weighing from 0.01 kilograms to over 163 kilograms, and with an inner diameter of 25 millimeters to the outer diameter of 900 millimeters. This makes their products suitable for a wide range of end-user industries such as automotive, railways, industrial infrastructure, renewable energy, among others.

(iv). For Fiscal 2020, it supplied bearing rings and automotive components to over 60 customers in 17 countries, primarily located in India, the United States of America, and in European countries such as Germany, France, Italy, and the Czech Republic, and Thailand.

(v). The company is in the process of expanding the capacity of its solar projects by an installed capacity of 12 MW and has already placed purchase orders for equipment with an installed capacity of 7.35 MW.

Competitive Strengths
i. Comprehensive product portfolio
ii. Long-standing customer relationships
iii. Experienced Promoters and management
iv. Strong financial performance

आपने कम्पनी के बारे मे अच्छी जानकारी दी,शेयर के लिए मूलभूत जानकारी होनी चाहिए। धन्यवाद

good info

This clashes with Glenmark. Recent issues shows least favoured IPO gives better gains.

Rolex Rings GMP 350/-

Most probable 2 - 4 August

Breakup

RIl : 35% ( Retail )
NII : 15%
QIB : 50%

Listed Industry Peers :

Bharat Forge
RamKrishna Forge
MM Forge

Rolex Ring may come in the 1st week of August.
Rajkotians and Saurashtrains may be aware of the company.

Promoters :

Mihir Rupesh kumar Madeka
Mahesh Daya shankar Madeka
Bhautik Daya shankar Madeka

Company Address :

Rolex Rings ,
Opposite Krishna Hotel ,
Gondal Chokdi to Kothariya Railway Line ,
Rajkot

Lead Managers :

IDBI
JM Finance
Equirus capital

Registrar : Link In Time

Fresh Issue 70 crore + OFS 65 lakh equity shares

Retail : 35%
NII : 15%
QIB : 50%

Listed Industry Peers :

Bharat Forge
RamKrishna Forge
MM Forge