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Rolex Rings IPO is a book build issue of ₹731.00 crores. The issue is a combination of fresh issue of 0.06 crore shares aggregating to ₹56.00 crores and offer for sale of 0.75 crore shares aggregating to ₹675.00 crores.
Rolex Rings IPO bidding started from Jul 28, 2021 and ended on Jul 30, 2021. The allotment for Rolex Rings IPO was finalized on Aug 4, 2021. The shares got listed on BSE, NSE on Aug 9, 2021.
Rolex Rings IPO price band is set at ₹900.00 per share . The lot size for an application is 16. The minimum amount of investment required by an retail is ₹14,080 (16 shares). The lot size investment for sNII is 14 lots (224 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (1,120 shares), amounting to ₹10,08,000.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Rolex Rings IPO RHP for detailed Information.
| IPO Date | July 28, 2021 to July 30, 2021 |
| Listing Date | August 9, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹880 to ₹900 per share |
| Issue Price Final | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 81,22,222 shares (aggregating up to ₹731.00 Cr) |
| Fresh Issue | 6,22,222 shares (aggregating up to ₹56.00 Cr) |
| Offer for Sale | 75,00,000 shares of ₹10 (aggregating up to ₹675.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,66,11,090 shares |
| Share Holding Post Issue | 2,72,33,312 shares |
Rolex Rings IPO offers total 81,22,222 shares. Out of which 40,61,110 (50.00%) allocated to QIB, 16,24,444 (20.00%) allocated to QIB, 12,18,334 (15.00%) allocated to NII, 28,42,778 (35.00%) allocated to RII and 24,36,666 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 40,61,110 (50.00%) | NA |
| − Anchor Investor Shares Offered | 24,36,666 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 16,24,444 (20.00%) | NA |
| NII (HNI) Shares Offered | 12,18,334 (15.00%) | NA |
| Retail Shares Offered | 28,42,778 (35.00%) | 1,77,673 |
| Total Shares Offered | 81,22,222 (100.00%) |
Rolex Rings IPO opens on July 28, 2021, and closes on July 30, 2021.
| IPO Open Date | Wed, Jul 28, 2021 |
| IPO Close Date | Fri, Jul 30, 2021 |
| Tentative Allotment | Wed, Aug 4, 2021 |
| Initiation of Refunds | Thu, Aug 5, 2021 |
| Credit of Shares to Demat | Fri, Aug 6, 2021 |
| Tentative Listing Date | Mon, Aug 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 30, 2021 |
Investors can bid for a minimum of 16 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹1,87,200 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600 |
| S-HNI (Max) | 69 | 1,104 | ₹9,93,600 |
| B-HNI (Min) | 70 | 1,120 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.
The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.
Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.
Competitive Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 7,969.24 | 6,861.73 | 7,822.57 | ||
| Total Revenue | 6,197.57 | 6,753.32 | 9,112.54 | ||
| Profit After Tax | 869.55 | 529.41 | 590.41 | ||
The Company Rolex Rings IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding long-term working capital requirements | 45.00 |
| 2 | General corporate purposes | 7.96 |
[Dilip Davda] Though RRL’s top line has shown declining trends, its higher earnings following deferred tax and other provisions and reasonable pricing make it is a worthy bet for short to long term rewards. The company will be a debt-free company in the near term and will pose for bright prospects ahead once normalcy is restored. Off late we are also witnessing fancy for forging companies. Investment may be considered. Read detail review...
| Listing Date | August 9, 2021 |
| BSE Script Code | 543325 |
| NSE Symbol | ROLEXRINGS |
| ISIN | INE645S01016 |
| Final Issue Price | ₹900 per share |
| BSE Listing Group | B |
Rolex Rings Ltd.
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Gondal, Gujarat
Phone: 0281 6699677/577
Email: compliance@rolexrings.com
Website: http://www.rolexrings.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rolex.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rolex Rings IPO is a main-board IPO of 81,22,222 equity shares of the face value of ₹10 aggregating up to ₹731.00 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on July 28, 2021, and closes on July 30, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rolex Rings IPO using UPI as a payment gateway. Zerodha customers can apply in Rolex Rings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rolex Rings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rolex Rings IPO opens on July 28, 2021 and closes on July 30, 2021.
Rolex Rings IPO lot size is 16, and the minimum amount required for application is ₹14,400.
You can apply in Rolex Rings IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rolex Rings IPO will be done on Wednesday, August 4, 2021, and the allotted shares will be credited to your demat account by Friday, August 6, 2021. Check the Rolex Rings IPO allotment status.
The Rolex Rings IPO listing date is on Monday, August 9, 2021.
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