Rolex Rings IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Rolex Rings IPO will hit the market soon, and you can apply for the IPO from 28th July to 30th July 2021. Rolex Rings are planning to raise ₹700 Crores through an IPO which consists of a fresh issue of – crores worth equity and OFS (Offer For Sale) of 75,00,000 equity shares by existing shareholders.

Rolex Rings is a Gujrat-based company incorporated in 2003. Their manufacturing unit focuses on supplying rolled forge, automotive components, and machine bearing rings on a large scale. Rolex Rings are among the top 5 forging companies in India. 

Their products are used mainly in commercial vehicles, wind turbines, electric vehicles, railways, industrial vehicles, 2 wheelers, passenger vehicles, off-highway vehicles, etc. These manufactured products are sold in India as well as abroad in Thailand, Italy, the United States, France, Czech Republic, etc.

Rolex Ring’s client base includes big names like SRF, Timken India, Schaeffler India, Ford, Faurecia, etc. Currently, they have 3 manufacturing units in Rajkot, Gujarat. Many IPOs are going to launch this year check here the list.

Rolex Rings IPO Dates & Price Band:

Open date28th July 2021
Close date30th July 2021
Total Size of IPO₹700 Cr.
Fresh Issue 56 Cr.
Offer for Sale75,00,000 equity shares
Price Band₹880- ₹900
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Rolex Rings IPO Market Lot:

The minimum market lot of Rolex Rings IPO is16 shares with 14,400 applications. Retail investors can apply for 13 lots with 208 shares application worth ₹187,200.

ApplicationLotSharesCut Off Amount
Minimum (RII)116₹14,400
Maximum (NII)13208₹187,200

Should you subscribe to Rolex Rings IPO?

We have researched and mentioned the strengths and risks of the Rolex Rings IPO. The final verdict will help you make the right decision.

Strength – 

  • Among the top 5 leading forging companies in India
  • Diversified revenue from Indian as well International market.
  • Strong product portfolio with high manufacturing capacity.
  • An excellent track record of financial performance.

Risks – 

  • Loan arrangements are done by pledging the shares of Promoters.
  • Previously they have failed to return debts so are subject to CDR.
  • The company’s business is directly affected by changes in the automobile market.

Final Verdict – 

Looking at their debt failures in the past tells about the uncertainty of their business. Also, their maximum revenue depends on only 5 companies. But at the same time, they have a good financial track record. So we would suggest you keep an eye on their quarterly performances.

Investors can invest for the short term in the Rolex Rings IPO. It’s early to predict but Rolex Rings IPO can give great listing gains by seeing its grey market premium. You can keep a track of Rolex Rings IPO GMP here.

Rolex Rings IPO Allotment & Listing Dates:

Rolex Rings IPO’s open date is 28th July and the closing date is 30th July. Allotment of shares will be done on 4th August and the listing date on NSE & BSE is 9th August 2021.

Allotment Date for Rolex Rings – 4th August 2021
Refund Date for Rolex Rings – 5th August 2021
Credit of Shares to Demat Account – 6th August 2021
Listing Date for Rolex Rings – 9th August 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Rolex Rings IPO:

The financials of Rolex Rings are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201978291159.04
2020 68667652.20
2021 67122523.12

About Rolex Rings:

Their management focuses on innovation, technology, and excellence every rising day. For this, they have focused and R&D centers that encourage their team to deliver efficient products in the automotive industry.

They have 3 manufacturing units based in Rajkot, Gujarat. They are best in forging engineering in India. Mainly manufactures high-class automotive components, engineering bearings for Indian and international clientele base. Having expertise in precision engineering of various machining and forging over a couple of years. 

Being a world-class supplier of automotive components they focus on innovation and till now they are successful in achieving success with improvised technology.

Peer Competitors – 

Sr.No.Company NamePE 
1Bharat Forge Ltd82
2MM Forging Ltd180.77
3Ramkrishna Forgings Ltd30.35

IPO Registrar Details –

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in

Rolex Rings Contact Details

Rolex Rings Limited
B/h. Glowtech Steel Private Limited
Gondal Road, Kotharia, Rajkot, 360 004
Phone: 0281 6699677/577
Email: [email protected]
Website: http://www.rolexrings.com/

Rolex Rings IPO FAQs –


When will Rolex Rings IPO open for Investors?

Rolex Rings IPO will open on 28th July 2021 and will close on 30th July 2021.

What is Rolex Rings IPO Retail Portion?

The portion allocated for retail investors in Rolex Rings IPO is 35%

How to apply for Rolex Rings IPO?

You can apply Rolex Rings IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Rolex Rings IPO?

Looking at their debt failures in the past tells about the uncertainty of their business. Also, their maximum revenue depends on only 5 companies. But at the same time, they have a good financial track record. So we would suggest you keep an eye on their quarterly performances.

What is the allotment date for Rolex Rings shares?

4th August 2021 is the allotment date for Rolex Rings shares.

What is the listing date for Rolex Rings IPO?

9th August 2021 is the listing date for Rolex Rings. It will be listed on NSE and BSE.

What is the cutoff price for Rolex Rings IPO?

The cutoff price for Rolex Rings IPO is ₹900 per share.

Will Rolex Rings IPO give listing gains?

Investors can invest for the long term in Rolex Rings. It’s early to predict but Rolex Rings can give great listing gains by seeing its grey market premium. You can keep a track of Rolex Rings IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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