1. IPO
Rolex Rings Limited

Rolex Rings Limited

listed
₹14,080Min. investment
  1. Bid start
    28 Jul
  2. Bid end
    30 Jul
  3. Allotment
    30 Jul
  4. Release of funds
    5 Aug
  5. Demat transfer
    4 Aug
  6. Listing
    9 Aug

Rolex Rings Limited IPO Details

Price range₹880 – ₹900
IPO type
Regular
Lot size16 shares
Issue size₹731Cr

Checklist

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Debt to Equity ratio
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Rolex Rings is a global automotive component manufacturer, based in Rajkot, Gujarat. The company manufactures hot-rolled forged and machined bearing rings and automotive parts, which are used in two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways. It makes a diversified range of bearing rings—weighing from 0.01 kg to over 163 kg with an inner diameter of 25 mm to outer diameter of 900 mm—which are suitable for a wide range of end-users. The company has 60 customers in 17 countries, including India, and derives more than half of its revenues from overseas. Rolex Rings’ customers include some of the top global and domestic names such as SKF India, Schaeffler India, Timken India, NEI and NRB. Importantly, the company has forged a long-term relationship with its customers. It has been doing business with 7 of its 10 largest customers for over a decade now. Meanwhile, Rolex Rings has also managed to post healthy profit growth. Between FY19 and FY21, its net profit grew at a compounded annual growth rate (CAGR) of 21.3%.

Frequently asked questions

How to invest in the Rolex Rings Limited ?

Investors can apply for the Rolex Rings Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Rolex Rings Limited ?

The issue size of the Rolex Rings Limited is 731 Cr.

What is 'pre-apply' for Rolex Rings Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Rolex Rings Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.