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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 Value Rs 10
Cash Price Rs 880 to Rs 900
Listing At BSE, NSE
Min. Order Quantity 16 Shares
Listing Date Aug 9, 2021
Offer for Sale Rs 6750 Million
Fresh Issue Rs 560 Million
IPO Size Rs 7310 Million
Tick Size 1

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

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 domestic 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 the IPO of Rolex Rings Limited are Jul 28, 2021, and Jul 30, 2021, respectively.

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Rolex Rings IPO GMP
Allotment of Rolex Rings IPO

Rolex Rings IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 28 July 0.00x 1.34x 7.11x 3.84x
2nd Day – 29 July 0.23x 5.85x 15.89x 9.26x
5th Day – 30 July 143.58x 360.11x 24.48x 130.43x
Shares Offered or Net Issue 1,624,444 1,218,334 2,842,778 5,685,556

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 Aug 4, 2021
Refunds Initiation Aug 5, 2021
Credit of Shares to Demat Account Aug 6, 2021
Share Listing Date Aug 9, 2021

Rolex Rings IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.880 to Rs. 900 

Rolex Rings IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.880 to Rs. 900 per equity share aggregating to Rs.7310 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.7310 Million

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    Rolex Rings IPO – Live Performance

    The listing date of this IPO is Aug 9, 2021. 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 450, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0. 

    Rolex Rings IPO – Company Overview

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

    As of the 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 the gearbox, 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)
    31-Mar-21 31-Mar-20 Mar-19
    Total Assets 7,969.24 6,861.73 7,822.57
    *Total Revenue 6,197.57 6,753.32 9,112.54
    Total Expense 5,445.72 6,032.49 7,706.94
    Profit After Tax 869.55 529.41 590.41

    Earnings per Equity Share (in Million)

    31-Mar-21 31-Mar-20 Mar-19
    Basic & Diluted 36.26 22.08 24.62


    Rolex Rings IPO – Promoters

    The Promoter of this company is:


    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.7310 Million
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●] Million
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●] Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 23,981,090 Equity Shares
     Equity Shares outstanding after the Issue [●] Equity Shares

    Rolex Rings IPO Issue Object

    Their Company proposes to utilize 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 that 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 EPS Diluted EPS
    RONW (%) NAV (Rs.)
    31-Mar-21 36.26 35.96 24.38 148.76
    31-Mar-20 22.08 22.08 19.75
    Mar-19 24.62 24.62 27.42

    Rolex Rings IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Million)
    Rolex Rings Limited 10 [●] 36.26 24.38 6,197.57
    Listed Peers
    Bharat Forge Ltd 2 NA (2.71) NA 65,051.59
    Ramkrishna Forgings Ltd 10 116.39 6.44 2.3 12,945.22
    Mm Forgings Ltd 10 38.64 19.35 9.6 7,618.29

    Rolex Rings IPO Lead Managers

    Lead Managers

    Equirus Capital Private Limited

    IDBI Capital Markets & Securities Limited

    JM Financial Limited

    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

    Rolex Rings IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Rolex Rings Limited IPO News

      News 1 – Rolex Rings Limited IPO DRHP Download

      News 2 – Rolex Rings Limited IPO RHP Download

      Rolex Rings IPO Review FAQs

      What is the Issue Size of Rolex Rings IPO?

      The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Rolex Rings IPO?

      The price band for this particular IPO ranges between Rs 880 to Rs 900. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Rolex Rings IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Jul 28, 2021, while the closing date is set at Jul 30, 2021.

      What is the Rolex Rings IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 4, 2021, refund initiation is on Aug 5, 2021, credit of shares is on Aug 6, 2021, and share listing date is on Aug 9, 2021.

      What is the Rolex Rings IPO Listing Date?

      Shares of this company shall be listed in the exchanges on Aug 9, 2021. The date, when the listing would be done, is stagnant on Aug 9, 2021.

      Who is the Registrar of Rolex Rings IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Rolex Rings IPO?

      Here are the promoters of this IPO – MR. RUPESH DAYASHANKAR MADEKA, JITEN DAYASHANKAR MADEKA, MANESH DAYASHANKAR MADEKA, PINAKIN DAYASHANKAR MADEKA AND BHAUTIK AND DAYASHANKAR MADEKA.. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Rolex Rings IPO?

      We have obtained the GMP of this IPO and it is Rs. 450. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Rolex Rings IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Rolex Rings Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is 529.41, 2019 is 590.41, 2018 is 728.77. PAT from Sep 2020 is 253.14.

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