Issue Price
₹900
Per Share
GMP
NIL
Grey Market
Est. Listing
₹900
Expected Price
Min. Application
₹28,800
2 lots × 16 shares
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 StrengthsAmong the leading forging companies in India.Strong manufacturing capabilities.Comprehensive product portfolio.Geographically diversified revenue base.Strong and consistent financial performance track record.
Rolex Rings Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 8,122,222 | 100.00% | ₹731.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| sNII (Min) | 14 | 224 | ₹201,600 |
| bNII (Min) | 70 | 1,120 | ₹1,008,000 |
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue from Operations | 619.76 | 675.33 | 911.25 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 86.96 | 52.94 | 59.04 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 796.92 | 686.17 | 782.26 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |