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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹731.00 Cr |
| Fresh Issue | ₹56.00 Cr |
| Offer for Sale | ₹675.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹880.00-900.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543325 |
| NSE Code | ROLEXRINGS |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 16 shares and in multiples thereof
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
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 |
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 796.92 | 686.17 | 782.26 |
| Total Income | 619.76 | 675.33 | 911.25 |
| Profit After Tax | 86.96 | 52.94 | 59.04 |
| EBITDA | 112.29 | 130.78 | 208.02 |
| NET Worth | 356.73 | 268.11 | 215.34 |
| Reserves and Surplus | 332.75 | 244.12 | 191.36 |
| Total Borrowing | 249.49 | 258.95 | 385.17 |
| Amount in ₹ Crore | |||
