Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Rolex Rings IPO is a book built issue of Rs 731.00 crores. The issue comprises of fresh issue of Rs 56.00 crore and offer for sale of 0.75 crore shares.
Rolex Rings IPO bidding started from July 28, 2021 and ended on July 30, 2021. The allotment for Rolex Rings IPO was finalized on Wednesday, August 4, 2021. The shares got listed on BSE, NSE on August 9, 2021.
Rolex Rings IPO price band is set at ₹880 to ₹900 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹14,400.
Equirus Capital Private Limited, Idbi Capital Market Services Limited and Jm Financial Limited are the book running lead managers of the Rolex Rings IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Rolex Rings IPO RHP for detailed information.
| IPO Date | July 28, 2021 to July 30, 2021 |
| Listing Date | August 9, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹880 to ₹900 per share |
| Lot Size | 16 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹731.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹56.00 Cr) |
| Offer for Sale | 7,500,000 shares of ₹10 (aggregating up to ₹675.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 26,611,090 |
| Share holding post issue | 27,233,312 |
Rolex Rings IPO offers 5,685,556 shares. 1,624,444 (28.57%) to QIB, 1,218,334 (21.43%) to NII, 2,842,778 (50.00%) to RII. 177,673 RIIs will receive minimum 16 shares and (sNII) and (bNII) will receive minimum 224 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,624,444 (28.57%) | NA |
| NII (HNI) Shares Offered | 1,218,334 (21.43%) | |
| Retail Shares Offered | 2,842,778 (50.00%) | 177,673 |
| Total Shares Offered | 5,685,556 (100%) |
Rolex Rings IPO opens on July 28, 2021, and closes on July 30, 2021.
| IPO Open Date | Wednesday, July 28, 2021 |
| IPO Close Date | Friday, July 30, 2021 |
| Basis of Allotment | Wednesday, August 4, 2021 |
| Initiation of Refunds | Thursday, August 5, 2021 |
| Credit of Shares to Demat | Friday, August 6, 2021 |
| Listing Date | Monday, August 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 30, 2021 |
Investors can bid for a minimum of 16 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| Lot Size Calculator | |||
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.
| Share Holding Pre Issue | 58.99% |
| Share Holding Post Issue | 57.64% |
Incorporated in 2003, 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.
Competitive Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 7,969.24 | 6,861.73 | 7,822.57 | ||
| Total Revenue | 6,197.57 | 6,753.32 | 9,112.54 | ||
| Profit After Tax | 869.55 | 529.41 | 590.41 | ||
[Dilip Davda] Though RRL’s top line has shown declining trends, its higher earnings following deferred tax and other provisions and reasonable pricing make it is a worthy bet for short to long term rewards. The company will be a debt-free company in the near term and will pose for bright prospects ahead once normalcy is restored. Off late we are also witnessing fancy for forging companies. Investment may be considered. Read detail review...
The Rolex Rings IPO is subscribed 130.44 times on July 30, 2021 5:01:00 PM. The public issue subscribed 24.49 times in the retail category, 143.58 times in the QIB category, and 360.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 19.64 times
| Category | Subscription (times) |
|---|---|
| QIB | 143.58 |
| NII | 360.11 |
| Retail | 24.49 |
| Total | 130.44 |
| Listing Date | August 9, 2021 |
| BSE Script Code | 543325 |
| NSE Symbol | ROLEXRINGS |
| ISIN | INE645S01016 |
| Final Issue Price | ₹900 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹900.00 |
| ₹1,249.00 |
| ₹1,105.00 |
| ₹1,264.95 |
| ₹1,166.55 |
| NSE |
|---|
| ₹900.00 |
| ₹1,250.00 |
| ₹1,105.00 |
| ₹1,263.00 |
| ₹1,167.00 |
Rolex Rings Limited
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Phone: 0281 6699677/577
Email: compliance@rolexrings.com
Website: http://www.rolexrings.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rolex.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 16 Shares.
The IPO opens on July 28, 2021, and closes on July 30, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rolex Rings IPO using UPI as a payment gateway. Zerodha customers can apply in Rolex Rings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rolex Rings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rolex Rings IPO opens on July 28, 2021 and closes on July 30, 2021.
Rolex Rings IPO lot size is 16 Shares, and the minimum amount required is ₹14,400.
You can apply in Rolex Rings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rolex Rings IPO will be done on Wednesday, August 4, 2021, and the allotted shares will be credited to your demat account by Friday, August 6, 2021. Check the Rolex Rings IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (1400+ Posts, 400+ Likes)
IPO Guru (2100+ Posts, 1200+ Likes)
Top Contributor (500+ Posts, 100+ Likes)
just thinking…