Monday, 19 October 2026
Advertise About Us
Subscribe
Breaking
📣 From ₹50 Crore Turnover to IPO — Are You Ready? Rajkot Engineering Industry Maintains Strong Manufacturing Identity Galaxy Bearings Schedules 36th AGM for September 22, 2026 Rajkot Development Push: RMC Seeks ₹900 Crore Additional Government Grant for 272 Works Rajkot’s Industrial Sector Continues to Expand with New Manufacturing Projects

← All IPOs

LISTED Mainboard BSE, NSE Manufacturer and Global Supplier of Hot Rolled Forged and Machined 📍 Rajkot, Gujarat, India Live

Rolex Rings Limited IPO

Automobile - Forging And Casting · ISIN: INE645S01016 · Registrar: Link Intime India Private Limited

Price Band ₹880 – ₹900
Issue Size ₹731 Cr
Lot Size 16 shares
Grey Market Premium —
Subscription (Total) 130.44x

Last updated 1 week ago · refreshes automatically

🔎 Check Allotment Status
More Manufacturer and Global Supplier of Hot Rolled Forged and Machined IPOs → More IPOs from Rajkot →

📅 IPO Timeline

DRHP Filed
17 May 2021
RHP Filed
21 Jul 2021
Anchor Investors
27 Jul 2021
IPO Opens
28 Jul 2021
IPO Closes
30 Jul 2021
Allotment
04 Aug 2021
Refund
05 Aug 2021
Shares Credit
06 Aug 2021
Listing
09 Aug 2021

📈 Grey Market Premium Trend

Latest GMP: ₹450

📊 Subscription Status

Retail
24.49x
QIB
143.58x
NII
360.11x
Total Subscription 130.44x

As of 2021-07-30 17:00

DayRetailQIBNIITotal
Day 1 7.11x 0.00x 1.34x 3.84x
Day 2 15.88x 0.23x 5.85x 9.26x
Day 3 24.49x 143.58x 360.11x 130.44x

📋 IPO Details

Open Date28 Jul 2021
Close Date30 Jul 2021
Allotment Date04 Aug 2021
Listing Date09 Aug 2021
Price Band₹880 – ₹900
Lot Size16
Face Value10
Total Issue Size₹731 Cr
Fresh Issue₹56 Cr
Offer For Sale₹675 Cr
Minimum Investment₹14400
Max Retail Investment₹187200
Employee Discount0
Retail Reservation35%
QIB Reservation50%
NII Reservation15%
Total Shares Offered8122222
QIB Shares1624444
NII Shares1218334
Retail Shares2842778
Min Lot — sNII224 shares
Min Lot — bNII1120 shares
Application ModeASBA / UPI
Lead ManagerEquirus Capital Private Limited; IDBI Capital Markets & Securities Limited; JM Financial Limited
RegistrarLink Intime India Private Limited
Market MakerN/A
Listing Price₹1166.55
Listing Gain29.62%

⚓ Anchor Investor Details

Amount Raised₹219.3 Cr
Shares Allotted2436666
50% Lock-in Ends03 Sep 2021

🏦 Notable Anchor Investors

HDFC Mutual Fund; ICICI Prudential Mutual Fund; Axis Mutual Fund; Aditya Birla Sun Life Mutual Fund; SBI Mutual Fund; Kotak Mutual Fund; L&T Mutual Fund; HDFC Life Insurance Company; Invesco Mutual Fund; Matthews Asia Funds; HSBC Global Investment Funds

🏢 Company Profile

Rolex Rings Limited is a Rajkot-based manufacturer and global supplier of hot-rolled forged and machined bearing rings and automotive components for two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways.

Advertisement
Zepto IPO Moves Closer, Rs. 9,500 Crore Listing Plan Could Change Quick Commerce In India
HeadquartersB/h. Glowtech Steel Private Limited, Gondal Road, Kotharia, Rajkot, Gujarat 360004
CityRajkot
Statedone
CountryIndia
SectorManufacturer and Global Supplier of Hot Rolled Forged and Machined
Promoter Holding (Pre-Issue)58.99%
Promoter Holding (Post-Issue)57.64%

👨‍💼 Promoters

Rupesh Dayashankar Madeka; Jiten Dayashankar Madeka; Manesh Dayashankar Madeka; Pinakin Dayashankar Madeka; Bhautik Dayashankar Madeka

🌍 Global Presence

India and international markets

📦 Products & Services

Hot-rolled forged and machined bearing rings; automotive components; components for two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, EVs, industrial machinery, wind turbines and railways.

💹 Financial Highlights

Financial YearRevenueProfit After TaxEBITDA
FY2019Revenue ₹911.25 CrEBITDA ₹208.02 CrPAT ₹59.04 Cr
FY2020Revenue ₹675.33 CrEBITDA ₹130.78 CrPAT ₹52.94 Cr
FY2021Revenue ₹619.76 CrEBITDA ₹112.29 CrPAT ₹86.96 Cr

📊 Key Ratios

EPS36.26
ROE24.38
NAV148.76
Debt/Equity0.61
P/E28.18

✅ Company Strengths

  • Established manufacturer and global supplier of forged and machined bearing rings and automotive components.
  • Serves bearing manufacturers, tier-I suppliers and automobile OEMs in domestic and international markets.
  • Diversified end-use exposure across automotive, industrial machinery, wind turbines and railways.
  • Presence in the important bearing-ring and auto-component supply chain.
  • Rajkot-based manufacturing operations with established customer relationships.

⚠️ Risk Factors

  • Business is exposed to cyclicality in the automobile and industrial sectors.
  • Dependence on major customers and concentration in certain end-use industries.
  • Raw-material price fluctuations can affect margins and profitability.
  • Competition from domestic and international forging and auto-component manufacturers.
  • Historical financial performance includes periods of revenue decline and elevated debt.
  • Export demand and foreign-exchange movements may affect results.

🎯 IPO Objectives

  • Funding long-term working capital requirements – approximately ₹45 Cr.
  • General Corporate Purposes – approximately ₹7.96 Cr.
  • The fresh issue proceeds were intended for the company; OFS proceeds went to the selling shareholder.

📄 Important Documents

🔎 Check Allotment Status 📥 DRHP 📥 Annual Report

❓ Frequently Asked Questions

What was the Rolex Rings IPO price band?

₹880 to ₹900 per equity share.

What was the Rolex Rings IPO lot size?

16 shares.

When did Rolex Rings IPO open and close?

28 July 2021 to 30 July 2021.

When was Rolex Rings IPO listed?

9 August 2021 on BSE and NSE.

What was the final IPO subscription?

130.44x according to the final exchange-reported subscription data.

What were the IPO objectives?

Funding long-term working capital requirements and general corporate purposes.

📰 Related News

  • Rolex Rings raises ₹219 crore from anchor investors ahead of IPO.
  • Rolex Rings IPO subscribed 130.44 times on the final day.
  • Rolex Rings makes a strong debut on BSE and NSE.
Advertisement
gov