Launched in 2003, Rolex Rings is one of the top five companies in India. The company manufactures thermal and mechanical folding rings and car parts used in certain categories namely passenger cars, two-wheel drive, commercial vehicles, electric vehicles, off-road vehicles, industrial equipment, wind turbines, rail, etc. of product supply such as car parts, hot metal and machine-made rings weighing from 0.01 Kg to 163+ kg take care of various industries namely automotive, industrial infrastructure, rail, renewable energy, etc.
The company supplies its products in both domestic and international destinations to automotive companies and leading manufacturers such as SRF India, Schaeffler India, Timken India, etc. By 2020 fiscal year, it has sent cargo rings and car accessories to 17 different countries. namely France, Italy, Germany, Thailand, Czech Republic, USA, and others.
Currently, the factory has three production facilities in Rajkot with 22 construction cables with an integrated capacity of 1,44,750 MTPA.
- Among the leading forging companies in India.
- Strong manufacturing capabilities.
- Comprehensive product portfolio.
- Geographically diversified revenue base.
- Strong and consistent financial performance track record.
Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||253.14||529.41||590.41||728.77|
Objects of the Issue
- Funding long-term working capital requirements.
- General corporate purposes.
Rolex Rings IPO – Details
|IPO Opening Date||July 28, 2021|
|IPO Closing Date||July 30, 2021|
|Issue Type||Book Built Issue IPO|
|Issue Size||731 Crore|
|Face Value||₹10 per equity share|
|IPO Price|| To  Per Equity Share|
|Market Lot||16 Shares|
|Min Order Quantity||16 Shares|
|Listing At||BSE SME|
|Total Share Issue||81,22,222 Equity Share|
|Register||LinkInTime India Private Limited|
Rolex Rings IPO – Timetable
|IPO Open Date||Jul 28, 2021|
|IPO Close Date||Jul 30, 2021|
|Basis of Allotment Date||Aug 04, 2021|
|Initiation of Refunds||Aug 05, 2021|
|Credit of Shares to Demat Account||Aug 06, 2021|
|IPO Listing Date||Aug 09, 2021|
Rolex Rings IPO Lots Size & Price
|Application||Lots||Shares||Amount ( Cut-Off)|
Company Contact Information
|Rolex Rings Limited|
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Phone: 0281 6699677/577
Rolex Rings IPO FAQs
|What is Rolex Rings IPO?|
Rolex Rings IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per equity share. The minimum order quantity is .
The IPO opens on Jul 28, 2021, and closes on Jul 30, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
|When Rolex Rings IPO will open?|
The Rolex Rings IPO opens on Jul 28, 2021 and closes on Jul 30, 2021.
|What is the lot size of Rolex Rings IPO?|
Rolex Rings IPO lot size and the minimum order quantity is 16 Equity Shares at this time.
|How to apply for Rolex Rings IPO?|
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.
|When is Rolex Rings IPO listing date?|
The Rolex Rings IPO listing date is announced. The listing of Rolex Rings IPO listing is [09 AUG 2021].