Rolex Rings IPO Date, Details, Price, GMP

Rolex Rings is established in 2003 by Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.

Rolex Rings is a global manufacturer and supplier of hot rolled forged and machined bearing rings, as well as automotive components for vehicle segments such as two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines, and railways.

The firm sells its products to automotive companies and prominent bearing manufacturers on a domestic and worldwide scale, including SRF India, Schaeffler India, Timken India, and others. In fiscal 2020, it exported bearing rings and automobile components to 17 countries, including France, Italy, Germany, Thailand, the Czech Republic, the United States, and others.

Currently, the company has three production units in Rajkot, each with 22 forging lines and a total installed capacity of 1,44,750 MTPA.

Read :- Rolex Rings IPO GMP

Rolex Rings IPO Competitive advantages

  • Among India’s biggest forging firms.
  • Excellent manufacturing capability.
  • A diverse product portfolio.
  • A revenue base that is geographically diverse.
  • A strong and consistent track record of financial achievement.
  • Rolex Rings IPO details
    Subscription Dates 28-30 July 2021
    Price Band 880-900 Rs Per Share
    Offer For Sale 675 crore
    Fresh issue 56 crore
    Total IPO size 731 crore
    Minimum bid (lot size) 16 Rs Share
    Face Value 10 Rs share
    Retail Allocation 35%
    Listing On NSE, BSE
    Rolex Rings Market Lot
    Lot No of Shares Amount
    Minimum 1 16 Shares 14,400 Rs
    Maximum 13 208 Shares 1,87,200 Rs

    Financial Record of the last year (In Million)

    Financial Period : 30-Sep-20
    Total Assets : 6,710.26
    Total Revenue : 2,254.59
    Profit After Tax : 253.14
    Earnings Per Share (EPS) FY2020 : 22.08 Rs

    Registrar of Rolex Ring IPO

    Link Intime India Private Limited
    C-101, 1st Floor, 247 Park
    Lal Bahadur Shastri Marg,
    Vikhroli (West) Mumbai – 400 083
    Phone: +91 22 4918 6200
    Fax: +91 22 4918 6195
    Email: [email protected]

    Rolex Ring Contact Details

    Rolex Rings Limited
    B/h. Glowtech Steel Private Limited
    Gondal Road, Kotharia, Rajkot, 360 004
    Phone: 0281 6699677/577
    Email: [email protected]

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