Let’s have a detailed review of the company and analytics of the Rolex Rings IPO release date, IPO offer price, subscription, Rolex Rings Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Cash PriceRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Rolex Rings IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Rolex Rings Share Price – Live Performance

Rolex Rings IPO – Summary

Rolex Rings IPO They are one of the top five forging companies in India (Source: ICRA Report) 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.

They 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.

The Promoter of this company is MR. RUPESH DAYASHANKAR MADEKA, JITEN DAYASHANKAR MADEKA, MANESH DAYASHANKAR MADEKA, PINAKIN DAYASHANKAR MADEKA AND BHAUTIK AND DAYASHANKAR MADEKA. The lead manager to the issue is Equirus Capital Private Limited, IDBI Capital Markets & Securities Limited and JM Financial Limited and the Registrar to this issue is Link Intime India Private Limited.


Rolex Rings IPO Date

The opening and the closing date of IPO of Rolex Rings Limited is not available yet.

Check out Related IPO Links:

Rolex Rings IPO GMP
Allotment of Rolex Rings IPO

Rolex Rings IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Rolex Rings IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Rolex Rings Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Rolex Rings IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Rolex Rings IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Rolex Rings IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


Rolex Rings IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Rolex Rings Share Price

Rolex Rings IPO Grey Market Premium

The Rolex Rings Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Rolex Rings IPO – Company Overview

They started their manufacturing operations in 1988 with their first manufacturing plant set up in Rajkot. As on date of this draft red herring prospectus, they have three manufacturing units in Rajkot.

As on date of this DRHP, they have 22 forging lines with a combined installed capacity of 1,44,750 MTPA, machining facilities consisting of 508 spindles with a combined installed capacity of 66 million parts per annum and other machinery including heat treatment furnaces, cold rolling machines and other infrastructure.

Their product portfolio includes a wide range of bearing rings, parts of gear box and automotive components, among others.

Our customers typically order in large volumes, and we cater to their orders by using our flexible manufacturing infrastructure, skills and processes to achieve operational efficiency and quality.


Rolex Rings IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
30-Sept-2031-Mar-20Mar-1931-Mar-18
Total Assets6,710.266,861.737,822.578,034.97
*Total Revenue3,772.054,180.685,669.136,471.71
Total Expense2,108.956,032.497,706.946,974.85
Profit After Tax253.14529.41590.41728.77

Earnings per Equity Share (in Million)

30-Sept-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted10.5622.0824.6230.39

 


Rolex Rings IPO – Promoters

The Promoter of this company is:

  1. MR.RUPESH DAYASHANKAR MADEKA
  2. MR. JITEN DAYASHANKAR MADEKA
  3. MANESH DAYASHANKAR MADEKA
  4. MR. PINAKIN DAYASHANKAR MADEKA
  5. MR. BHAUTIK AND DAYASHANKAR MADEKA.

List of Related Parties (Key Managerial Personnel)

  • Mr. Manesh Dayashankar Madeka, Chairman and Managing Director
  • Mr. Bhautik Dayashankar Madeka, Whole Time Director
  • Mihir Rupeshkumar Madeka, Whole Time Director
  • Mr. Vivek Sett, Nominee Director
  • Mr. Pravinchandra Ratilal Dholakia, Independent Director

Competitive Strengths of Rolex Rings

  • Quality Assurance, timely payment and delivery
  • Broad customer base and Strong relationships with their customers
  • Multiple Business verticals under one roof
  • The qualified management team and employee base

Rolex Rings IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 18,24,000 Equity Shares aggregating up to Rs.[●] Million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue23,981,090 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Rolex Rings IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. Funding long-term working capital requirements
2. General Corporate Purposes

Business strategies of Rolex Rings Limited

  • Increasing their share of business amongst existing customers
  • Expand their customer base
  • Continuing focus on improving operational efficiency
  • Further enhance their manufacturing infrastructure and product portfolio
  • Reduce their power costs and reduce their carbon footprint
  • Further improve their financial risk profile

Rolex Rings Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Comprehensive product portfolio
  • Manufacturing capabilities which offer scale, flexibility and locational advantage
  • Long standing customer relationships and geographically diversified revenue base
  • Experienced Promoters and management team with strong domain expertise
  • Strong financial performance over the past few years

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-2022.0819.75%111.80
31-Mar-1924.6227.42%
Mar-1830.3946.62%

Rolex Rings IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Million)
Rolex Rings Limited10[●]22.0819.756,753.32
Listed Peers
Bharat Forge
Ltd
281.707.516.70%82,437.07
Ramkrishna
Forgings Ltd
10180.772.971.1112,232.67
Mm Forgings
Ltd
1030.3817.289.177,877.38

Rolex Rings IPO Lead Managers

Lead Managers
Equirus Capital Private Limited
12th Floor, C Wing, Marathon Futurex,
N M Joshi Marg, Lower Parel,
Mumbai 400 013
Tel: +91 22 4332 0700
E-mail: rolexrings.ipo@equirus.com
Investor Grievance e-mail:
investorsgrievance@equirus.com
Website: www.equirus.com
Contact person: Ankesh Jain
SEBI Registration Number: INM000011286IDBI Capital Markets & Securities Limited
6th Floor, IDBI Tower,
WTC Complex, Cuffe Parade,
Mumbai 400 005
Tel.: +91 22 2217 1700
E-mail: rolex.ipo@idbicapital.com
Investor grievance e-mail: redressal@idbicapital.com
Website: www.idbicapital.com
Contact Person: Indrajit Bhagat/ Sumit Singh
SEBI Registration: INM000010866JM Financial Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025
Tel.: +91 22 6630 3030
E-mail: rolexrings@jmfl.com
Investor grievance e-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration: INM000010361

Rolex Rings IPO Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C 101, 247 Park, L. B. S. Marg
Vikhroli (West), Mumbai 400 083
Tel: +91 22 4918 6200
E-mail: rolex.ipo@linkintime.co.in
Investor grievance e-mail: rolex.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Rolex Rings IPO – Other Details

  • Statutory Auditor – S R B C & Co LLP
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


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