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

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📅 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

Day	Retail	QIB	NII	Total
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

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IPOs
Rolex Rings Limited IPO

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.

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 Year	Revenue	Profit After Tax	EBITDA
FY2019	Revenue ₹911.25 Cr	EBITDA ₹208.02 Cr	PAT ₹59.04 Cr
FY2020	Revenue ₹675.33 Cr	EBITDA ₹130.78 Cr	PAT ₹52.94 Cr
FY2021	Revenue ₹619.76 Cr	EBITDA ₹112.29 Cr	PAT ₹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.