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Rolex Rings IPO
Rolex Rings is one of the top names in the forging space in India. It is extensively involved in manufacturing automotive parts and hot rolled forged & machine bearing rings. The products and offerings cater to the requirements of different industrial sectors, including industrial infrastructure, renewable energy, automotive, and railways.
Over the years, the company has emerged as a recognised supplier in both domestic and international markets.
Rolex Rings IPO Objectives
- Address working capital requirements
- Meeting general corporate purposes
Rolex Rings IPO - Details
The Rolex Rings IPO will comprise a new share issue worth Rs. 56 crores. It will also include an offer for sale (OFS) worth Rs. 675 crores.
Other IPO details are highlighted in this table below:
Opening Date
28 July 2021
Closing Date
30 July 2021
Price Band
₹880 to ₹900
per equity share
Issue Size
₹ 731 Cr
Face Value
₹ 10
per equity share
Market Lot
16 shares
Opening Date
28 July 2021
Closing Date
30 July 2021
Price Band
₹880 to ₹900
per equity share
Issue Size
₹ 731 Cr
Face Value
₹ 10
per equity share
Market Lot
16 shares
Listing at NSE, BSE
Rolex Rings IPO Important Dates
| IPO Open Date | 28 July 2021 |
|---|---|
| IPO Close Date | 30 July 2021 |
| Basis Of Allotment Date | 4 August 2021 |
| Initiation Of Refunds | 5 August 2021 |
| Credit Of Shares To Demat ACcount |
6 August 2021 |
| IPO Listing Date | 9 August 2021 |
| UPI Mandate Expiry Date | - |
Rolex Rings IPO Latest News and Subscription Status Today [Live]
At 05:10 p.m.
- This IPO has been subscribed 87.06x by 5.10.00 PM. on Day 3
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 45.95x
- (NII) Non-institutional buyers: 297.83x
- (RII) Retail Individual buyers: 20.23x
At 04:10 p.m.
- This IPO has been subscribed 8.15x by 4.10.00 PM. on Day 2
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.22
- (NII) Non-institutional buyers: 4.93x
- (RII) Retail Individual buyers: 14.07x
At 03:20 p.m.
- This IPO has been subscribed 86.96x by 4.10.00 PM. on Day 3
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 45.95x
- (NII) Non-institutional buyers: 297.83x
- (RII) Retail Individual buyers: 20.02x
At 02:10 p.m.
- This IPO has been subscribed 27.28x by 2.10.00 PM. on Day 3
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 19.54x
- (NII) Non-institutional buyers: 56.91x
- (RII) Retail Individual buyers: 21.23x
At 01:00 p.m.
- This IPO has been subscribed 23.78x by 1.00.00 PM. on Day 3
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 7.28x
- (NII) Non-institutional buyers: 54.74x
- (RII) Retail Individual buyers: 19.94x
At 11:50 a.m.
- This IPO has been subscribed 11.31x by 11.50.00 AM. on Day 3
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.33x
- (NII) Non-institutional buyers: 9.02x
- (RII) Retail Individual buyers: 17.43x
At 10:45 a.m.
- This IPO has been subscribed 10.25x by 10.35.00 AM. on Day 3
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 7.38x
- (RII) Retail Individual buyers: 17.20x
At 12:45 p.m.
- This IPO has been subscribed 6.29x by 12.45:00 PM. on Day 2
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 2.76x
- (RII) Retail Individual buyers: 11.40x
At 11:45 a.m.
- This IPO has been subscribed 5.45x by 11.45:00 AM. on Day 2
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 2.28x
- (RII) Retail Individual buyers: 9.92x
At 10:45 a.m.
- This IPO has been subscribed 4.62x by 10.45:00 AM. on Day 2
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 1.69x
- (RII) Retail Individual buyers: 8.51x
At 05:05 p.m.
- This IPO has been subscribed 3.84x by 5.05:00 PM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 1.34x
- (RII) Retail Individual buyers: 7.11x
At 04:05 p.m.
- This IPO has been subscribed 3.04x by 4.05:00 PM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.84x
- (RII) Retail Individual buyers: 5.71x
At 03:05 p.m.
- This IPO has been subscribed 2.70x by 3.05:00 PM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.74x
- (RII) Retail Individual buyers: 5.09x
At 02:05 p.m.
- This IPO has been subscribed 2.36x by 2.05:00 PM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.53x
- (RII) Retail Individual buyers: 4.49x
At 01:05 p.m.
- This IPO has been subscribed 1.74x by 1.05:00 PM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.30x
- (RII) Retail Individual buyers: 3.36x
At 12:05 p.m.
- This IPO has been subscribed 1.35x by 12.05:00 PM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.22x
- (RII) Retail Individual buyers: 2.60x
At 10:45 a.m.
- This IPO has been subscribed 0.19x by 10.45:00 AM. on Day 1
- It is a public issue of 56,85,556 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.99x
How to apply for Rolex Rings IPO?
You can apply for the Rolex Rings IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Rolex Rings IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for Rolex Rings IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Rolex Rings IPO - Noteworthy Highlights
The significant highlights of MobiKwik include –
- Rolex Rings are counted in the top 5 forging companies in India.
- It has 3 manufacturing firms based in Rajkot with a total of 22 forging lines. The company has a total installed capacity of nearly 1,44,750 MTPA.
- In 2020, Rolex Rings exported its products to 17 countries, including the USA, Italy, Thailand, France, Czech Republic, and Germany.
- Rolex Rings boasts geographically diversified operations and sources of revenue.
- The company is a market leader in manufacturing chassis components, bearing rings, manufacturing transmission components, exhaust system components, and engine components.
Rolex Rings IPO - SWOT Analysis
Rolex Rings: A competitive analysis
Rolex Rings is among the leading forging companies in India. Here are the prominent competitors of Rolex Rings IPO and their market capitalisation growth in the last one year.
| Market Peers | Market Capitalisation Growth (in %) |
| Schaeffler India | 55.98% |
| Timken India | 41.19% |
| SKF India | 67.80% |
| NRB Bearings | 70.14% |
| Menon Bearings | 115.65% |
| SNL Bearings | 130.90% |
| Galaxy Bearings | 49.31% |
| Bimetal Bearings | 67.48% |
| NRB Industrial | 217.56% |
| Vishal Bearings | 37.38% |
| Benara Bearings | -22.85% |
| Austin EngineeringCo | 94.82% |
