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
| 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]
Website: http://www.linkintime.co.in
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]
Website: http://www.rolexrings.com