Rolex Rings IPO will be open from 28 July 2021 to 30 July 2021. Rolex Rings IPO GMP Kostak rate and Subject to Sauda updated as of Today. Rolex Rings IPO Grey Market Premium has been Started with Low Premium Rates, We need to wait for the rates to change with the Market Sentiment in a few days or to Stabilize the Rates.
Rolex Rings are among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles as well as bearing rings for a huge base of clientele spread across the globe. Having expertise in precision engineering of various Forging and machining over a period of 4 decades. Rolex has garnered a wealth of expertise in manufacturing transmission components, engine components, chassis components, exhaust system components, and bearing rings.
Rolex Rings IPO Issue size of ₹731 Crores Approx, in which Fresh Issue of ₹56 Crores and Offer For Sale of ₹675 Crores Approx and issue price band has been fixed at ₹880-₹900 Per Share. The Rolex Rings IPO is to be listed Soon on NSE and BSE.
What is Rolex Rings IPO GMP Today?
■ The Rolex Rings IPO GMP Today Or Grey Market Premium is ₹390-₹400.
What is Rolex Rings IPO Kostak Rates Today?
■ The Rolex Rings IPO Kostak rate is ₹0.
What is Rolex Rings IPO Subject to Sauda Price Today?
■ The Rolex Rings IPO Subject to Sauda rates is ₹0.
Rolex Rings IPO Approximately Returns?
■ The Rolex Rings IPO’s approximate return is 40%-45%. And it can also change according to the Market Sentiment.
Rolex Rings IPO GMP, Kostak,& Subject to Sauda :
| Date | GMP | Kostak | Subject |
| 9 Aug 2021 | List – ₹1250 | ₹0 | ₹0 |
| 8 Aug 2021 | ₹390-₹400 | ₹0 | ₹0 |
| 7 Aug 2021 | ₹400-₹410 | ₹0 | ₹0 |
| 6 Aug 2021 | ₹445-₹455 | ₹0 | ₹0 |
| 5 Aug 2021 | ₹445-₹455 | ₹0 | ₹0 |
| 4 Aug 2021 | ₹420-₹430 | ₹0 | ₹0 |
| 3 Aug 2021 | ₹440-₹450 | ₹400 | ₹7000 |
| 2 Aug 2021 | ₹420-₹430 | ₹450 | ₹7000 |
| 1 Aug 2021 | ₹540-₹550 | ₹450 | ₹7000 |
| 31 July 2021 | ₹540-₹550 | ₹450 | ₹7000 |
| 30 July 2021 | ₹540-₹550 | ₹450 | ₹7000 |
| 29 July 2021 | ₹500-₹510 | ₹450 | ₹4500 |
| 28 July 2021 | ₹440-₹450 | ₹450 | ₹4500 |
| 27 July 2021 | ₹390-₹400 | ₹400 | ₹4500 |
| 26 July 2021 | ₹550-₹560 | ₹400 | ₹5000 |
| 25 July 2021 | ₹560-₹580 | ₹400 | ₹5500 |
| 24 July 2021 | ₹550-₹560 | ₹400 | ₹4000 |
| 23 July 2021 | ₹320-₹330 | ₹350 | ₹3000 |
| 22 July 2021 | ₹290-₹300 | ₹350 | ₹3000 |
| 21 July 2021 | ₹0 | ₹0 | ₹0 |
Rolex Rings IPO Date & Price Band & Details :
| IPO Open : | 28 July 2021 |
| IPO Close : | 30 July 2021 |
| IPO Size : | ₹731. Cr Approx |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹800-₹900 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹731. Cr Approx |
| Fresh Issue : | ₹56. Cr |
| Offer For Sale : | ₹675 Cr |
Rolex Rings IPO Market Lot :
Rolex Rings IPO Minimum Market lot is 1 Lot with 16 shares with ₹14,400 Application amount. The retail investors can apply up to 13 lots with 208 Shares or ₹187,200 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 16 |
| Minimum Amount : | ₹14,400 |
| Maximum Lot Size : | 13 Lot |
| Maximum shares : | 208 |
| Maximum Amount : | ₹187,200 |
Rolex Rings IPO Shares Offer :
A total of 8122222 shares are to be bid for the public issue by Rolex Rings IPO with 622,222 for Fresh issue and 75,00,000 for an offer for sale Shares.
| Category | Shares Offers | Amount |
|---|---|---|
| Fresh issue : | 6,22,222 | ₹56 Cr |
| Offer For Sale : | 75,00,000 | ₹675 Cr |
| Total : | 81,22,222 | ₹731 Cr |
Rolex Rings IPO Reservation :
Rolex Rings IPO Total Reservation of 81,22,222 shares are to be bid for the public issue by Rolex Rings IPO with 40,61,111 for QIB and 12,18,333 for NII 28,42,778 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | 50% | 40,61,111 | ₹365.50 Cr |
| NII : | 15% | 12,18,333 | ₹109.65 Cr |
| RII : | 35% | 28,42,778 | ₹255.85 Cr |
| EMP : | – % | – | ₹ |
| Total : | 100% | 8122222 | ₹731 Cr |
Rolex Rings IPO Dates :
Rolex Rings IPO Date is 28 July and the close date is 30 July 2021. The allotment will be finalized on 4 Aug 2021 and the IPO may list on 9 Aug 2021.
| Open Date : | 28 July 2021 |
| Close Date : | 30 July 2021 |
| Allotment Date : | 4 Aug 2021 |
| Refund Date : | 5 Aug 2021 |
| Share Credit Date : | 6 Aug 2021 |
| Listing Date : | 9 Aug 2021 |
Rolex Rings Company Financial Report (Cr) :
| Year | Revenue | Expense | PAT |
| 2021-6M | ₹2,254.59 | ₹2,108.95 | ₹253.14 |
| 2020 | ₹6,753.32 | ₹6,032.49 | ₹529.41 |
| 2019 | ₹9,112.54 | ₹7,706.94 | ₹590.41 |
| 2018 | ₹7,915.43 | ₹6,974.85 | ₹728.77 |
About Rolex Rings Company :
Rolex Rings is one of the top five forging companies in India (Source: ICRA Report) and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines, and railways, amongst other segments. We supply domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies, tier-I suppliers to global auto companies, and some auto OEMs.
As per ICRA Report, SKF India Limited, Schaeffler India Limited Timken India Limited, NEI, and NRB collectively account for 81% of the market share of the Indian bearing industry. We are one of the key manufacturers of bearing rings in India (Source: ICRA Report) and cater to most of the leading bearing companies in India. The Company has started our manufacturing operations in 1988 with our first manufacturing plant set up in Rajkot. As of the date of this Draft red herring prospectus, we have three manufacturing units in Rajkot.
| Read also: All Upcoming IPO Grey Market Premium 2021 |
Rolex Rings infrastructure includes high-speed hot formers from Sakamura (such as Sakamura model HBP-160, Sakamura Model HBP – 120SS and Sakamura Model: HFW-1000-4 Hot Former) and Hatebur (such as Hatebur Hotmatic – HM75XL Hot Former and Hatebur-Hotmatic@ HM 35 Machine) and vertical forging lines from Manyo (Manyo 600 tons Auto Forging Press), Mistubishi, SMS Meer (such as SMS MEER Ring Rolling line), Enomoto (such as Enomoto Model 1000ZESH and Servomoto Driven Screw Press 16000kN), Eumoco and conventional forging lines integrated with induction heating furnaces.
A large part of our existing machining lines consist of spindles from DMG, FUJI, ACE, TSUGAMI, Hyundai, Mazak, Muratec, and domestic CNC Turning centers as well. As of the date of this DRHP, we have 22 forging lines with a combined installed capacity of 1,44,750 MTPA, machining facilities consisting of 508 spindles with a combined installed capacity of 66 million parts per annum, and other machinery including heat treatment furnaces, cold rolling machines, and other infrastructure.
Rolex Rings IPO GMP FAQs :
How much is Rolex Rings IPO GMP Today?
Rolex Rings IPO GMP Today is ₹390-₹400.
How much is Rolex Rings IPO Grey Market Premium?
Rolex Rings IPO is Grey Market Premium ₹390-₹400.
What is Rolex Rings IPO Kostak Rate?
Rolex Rings IPO Kostak Rate is ₹0.
What is Rolex Rings IPO Subject to Sauda?
Rolex Rings IPO Subject to Deals is ₹0.
What are Rolex Rings IPO Approx Returns?
Rolex Rings IPO approx Returns is 40%-45%. And it can also change according to the Market Sentiment.
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