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]

Day 3 : 30th July 2021
Day 2 : 29th July 2021
Day 1 : 28th July 2021

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

 

Why Should You Invest in Rolex Rings IPO?

Rolex Rings is a recognised manufacturer of automotive components and bearings in India. Its strong footing in the international market and vast presence across various industries strengthen its moat. Above all, this company is poised to grow significantly because of its robust financial standing and diverse clientele.

Thus, stakeholders of this company could reap massive financial benefits and stability down the road. Regardless, investors willing to subscribe to this upcoming IPO should study the market prospects of Rolex Rings in detail.

Financial highlights

Financial Year Total Revenue (in millions) Total Assets (in millions) Profit After Tax (in millions)
As of 30 September 2020 Rs. 2,254.59 Rs. 6,710.26 Rs. 253.14
As of 31 March 2020 Rs. 6,753.32 Rs. 6,861.73 Rs. 529.41
As of 31 March 2019 Rs. 9,112.54 Rs. 7,822.57 Rs. 7,915.43
As of 31 March 2018 Rs. 7,915.43 Rs. 8,034.97 Rs. 728.77

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

strengths

Strengths

  • Long-standing customer relationships: This company has forged long-standing customer relationships. Over the years, it has expanded its customer base on both domestic and international grounds. Some of its most notable clients are NBC Flexible Solutions, Ford, Magna Getrag, Timken, Automotive Axles Ltd., and Woosu India.
  • Exports: In FY2020, this company exported its product offerings to nearly 17 countries, bringing substantial revenue. The flourishing exports continue to increase its earnings as well as its market prospects.
Weaknesses

Weaknesses

  • Niche segment: Rolex Rings is most proactive in the forging manufacturing segment. While its products have found applications across various industries, the company could do better in product and portfolio diversification.
Opportunities

Opportunities

  • Growth prospects: This company has recorded strong earnings in the last couple of years, evident from its financial statements. With a robust financial standing comes the flexibility to expand business operations or production capacity in and beyond presently covered markets.
Threats

Threats

  • Change in export policies: Currently, the company generates substantial revenue from exports. However, the scenario could change quickly if international trade policies undergo a massive change.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Long-standing customer relationships: This company has forged long-standing customer relationships. Over the years, it has expanded its customer base on both domestic and international grounds. Some of its most notable clients are NBC Flexible Solutions, Ford, Magna Getrag, Timken, Automotive Axles Ltd., and Woosu India.
  • Exports: In FY2020, this company exported its product offerings to nearly 17 countries, bringing substantial revenue. The flourishing exports continue to increase its earnings as well as its market prospects.

Weaknesses 

  • Niche segment: Rolex Rings is most proactive in the forging manufacturing segment. While its products have found applications across various industries, the company could do better in product and portfolio diversification.

Opportunities 

  • Growth prospects: This company has recorded strong earnings in the last couple of years, evident from its financial statements. With a robust financial standing comes the flexibility to expand business operations or production capacity in and beyond presently covered markets.

Threats 

  • Change in export policies: Currently, the company generates substantial revenue from exports. However, the scenario could change quickly if international trade policies undergo a massive change.

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%

Rolex Rings IPO FAQs

What is the Rolex Rings IPO?

Rolex Rings IPO will comprise new issue of shares worth Rs. 56 crores, and an offer for sale of up to Rs. 675 crores.

When will Rolex Rings IPO open for subscription?

Rolex Rings IPO will open for subscription on 28 July 2021.

What is the minimum lot size that investors can subscribe?

15 shares

When is the Rolex Rings IPO listing date?

The Rolex Rings IPO shares are expected to be listed on 9 August 2021.

How will I receive shares?

You will receive Rolex Rings shares in your Demat account once the allotment process is concluded.

Who are the merchant bankers for Rolex Rings IPO?

Equirus Capital Private Ltd, JM Financial Limited, and IDBI Capital Markets & Securities Limited will serve as the merchant bankers for this share issue.

What is the minimum order quantity for Rolex Rings IPO?

The minimum lot size is 16 shares, i.e., Rs. 14550, for Rolex Rings IPO.

Who is the registrar for Rolex Rings IPO?

Link Intime India Private Limited is the registrar for this IPO.

Which categories of investors are allowed to participate in Rolex Rings IPO?

Qualified institutional buyers, non-institutional investors, and retail individual buyers can participate in this upcoming IPO.

Who are the promoters of Rolex Rings?

Rupesh Dayashankar Madeka, Bhautik Dayashankar Madeka, Jiten Dayashankar Madeka, Pinakin Dayashankar Madeka, and Manesh Dayashankar Madeka are the promoters of Rolex Rings.

What will be the issue type of Rolex Rings IPO?

Rolex Rings IPO will be a book-built issue type.

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