Bookbuilding IPO | ₹731 Cr | Listed at BSE, NSE | Wed, Jul 28, 2021 - Fri, Jul 30, 2021
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 per share. The lot size for an application is 16. The minimum amount of investment required by an retail is ₹14,400 (16 shares) (based on upper price). 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 Open
Wed, Jul 28, 2021
IPO Close
Fri, Jul 30, 2021
Issue Price
₹900 per share
Market Cap (Pre-IPO)
₹2,451.00 Cr
| IPO Date | 28 to 30 Jul, 2021 |
| Listed on | Mon, Aug 9, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹880 to ₹900 |
| Issue Price | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 81,22,222 shares (agg. up to ₹731 Cr) |
| Fresh Issue | 6,22,222 shares (agg. up to ₹56 Cr) |
| Offer for Sale | 75,00,000 shares of ₹10 (agg. up to ₹675 Cr) |
| Share Holding Pre Issue | 2,66,11,090 shares |
| Share Holding Post Issue | 2,72,33,312 shares |
| BSE Script Code / NSE Symbol | 543325 / ROLEXRINGS |
| ISIN | INE645S01016 |
Rolex Rings IPO comprises a total issue size of 81,22,222 shares. Out of which, 40,61,110 (50.00%) are allocated to QIB, 12,18,334 (15.00%) allocated to NII 28,42,778 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 16 shares and in multiples thereof.
| 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 |
Rolex Rings IPO raises ₹219.30 crore from anchor investors. Rolex Rings IPO Anchor bid date is July 27, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 27, 2021 |
| Shares Offered | 24,36,666 |
| Anchor Portion (₹ Cr.) | 219.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 3, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 2, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements | 45.00 |
| 2 | General corporate purposes | 7.96 |
The Rolex Rings IPO is subscribed 130.44 times on July 30, 2021 5:01:00 PM (Day 3). The public issue subscribed 24.49 times in the retail category, 143.58 times in the QIB category, and 360.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 143.58 | 16,24,444 | 23,32,35,472 |
| NII | 360.11 | 12,18,334 | 43,87,39,040 |
| Retail | 24.49 | 28,42,778 | 6,96,25,584 |
| Total | 130.44 | 56,85,556 | 74,16,00,096 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission) | 23.29 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, RegisteredBrokers, SCSBs, RTAs and CDPs | 4.37 |
| 3 | Fees payable to the Registrar to the Issue | 0.02 |
| 4 | Legal advisors | 0.65 |
| 5 | Listing fees, SEBI filing fees, book building software fees, and other regulatory expenses including expenses towards Stock Exchanges; | 4.08 |
| 6 | Printing and despatch of issue stationery expenses | 2.18 |
| 7 | Advertising and marketing expenses for the issue | 1.82 |
| 8 | Miscellaneous | 3.80 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹900.00 | ₹900.00 |
| Open | ₹1,249.00 | ₹1,250.00 |
| Low | ₹1,105.00 | ₹1,105.00 |
| High | ₹1,264.95 | ₹1,263.00 |
| Last Trade | ₹1,166.55 | ₹1,167.00 |
Rolex Rings IPO is a main-board IPO of 81,22,222 equity shares of the face value of ₹10 aggregating up to ₹731 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on Wed, Jul 28, 2021, and closes on Fri, Jul 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 Wed, Jul 28, 2021 and closes on Fri, Jul 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 Fri, Aug 6, 2021. Check the Rolex Rings IPO allotment status.
The Rolex Rings IPO listing date is on Mon, Aug 9, 2021.
