Rolex Rings LTD IPO is all set to make a debut in the stock market with an issue size of 731 Cr. Rolex Rings Ltd 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.
Rolex Rings LTD IPO -Overview
| Rolex Rings Limited IPO Issue Date | 28-30 July 2021 |
| Rolex Rings Limited IPO Opening Date | 28 July 2021 |
| Rolex Rings Limited IPO Face Value | INR 10 per share |
| Rolex Rings Limited IPO Price | INR 900 per share |
| Rolex Rings Limited IPO Lot Size | 16 Shares |
| Issue Size | 731 Cr |
| Offer for sale | 675.00 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 143.58 times |
| NII (HNI) Shares | 360.11 times |
| Company Promoters | Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters. |
Rolex Rings LTD IPO-Tentative Dates
| Rolex Rings Limited IPO opening date | 28 July 2021 |
| Rolex Rings Limited IPO closing date | 30 July 2021 |
| Basis of Allotment | 4 August 2021 |
| Initiation of Refunds | 5 August 2021 |
| The credit of Shares to Demat | 6 August 2021 |
| Rolex Rings Limited IPO Listing Date | 9 August 2021 |
Rolex Rings – Industry Overview.
Bearing Rings form one of the most critical and largest raw material costs for the bearings sector and at ~₹2,200 crores, the industry contributes ~18.3% of the size of the domestic bearing market. Rings can be manufactured using tubes, cold drawing of steel bars, or by forging process. Amongst these three processes, forged rings are mainly used in critical applications where load/stress is relatively high. The forged bearing rings market is estimated at Rs 1,100 crore of the overall bearing rings market while the balance is split across rings manufactured using tubes and cold drawing of steel bars. Given that bearings find application in computer hardware in the aerospace industry and can vary from a few millimeters in diameter to tens of meters the complexity of the bearing ring varies with its proposed applications, weight, and size. While the entry barrier is relatively lower for smaller bearing rings with high tolerances, the technological know-how, as well as manufacturing capabilities, becomes a differentiating factor as the complexity/size of the bearing increases.
Rolex Rings LTD IPO – Company Overview
Roles 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. also supply domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies, tier-I suppliers to global auto companies, and some auto OEMs. As per ICRA Report, SKF India Limited, Schaeffler India Limited Timken India Limited, NEI, and NRB collectively account for 81% of the market share of the Indian bearing industry. Roles rings is one of the key manufacturers of bearing rings in India and cater to most of the leading bearing companies in India.
Rolex Rings LTD IPO-Objectives
- Funding long-term working capital requirements.
- General corporate purposes.
Rolex Rings LTD IPO – Financial Statements
| Particulars | 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 |
Rolex Rings Limited IPO Strengths
- Among the leading forging companies in India.
- Strong manufacturing capabilities.
- Comprehensive product portfolio.
- Long-standing customer relationships Geographically diversified revenue base.
- Strong and consistent financial performance track record.
Rolex Rings Limited IPO Weakness
- High dependence on the performance on the automotive in India and Europe.
- The company’s name and logo are not registered under the trademarks act 1999.
Company Contact Information
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/
Rolex Rings IPO Registrar
Phone: +91-22-4918 6270
Email: rolex.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Rolex Rings IPO Lead Manager(s)
- Equirus Capital Private Limited (Past IPO Performance)
- IDBI Capital Market Services Limited (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
