Headquarters in Rajkot (Gujarat) India, Rolex Rings is one of the leading manufacturers of forged and mechanized components in country.
It is an ace development partner for the manufacture of high-quality, world-class, customized automotive components as well as bearing rings for a large base of customers spanning the global.
Rolex Rings IPO will hit the market on 28 July 2021.
Journey
Expertise in precision engineering of various forgings and machining over a period of 40 Years. Rolex has acquired a wealth of expertise in manufacturing transmission components, engine components, chassis components, exhaust system components and bearing rings.
With a demonstrated commitment to quality, a focus on technology advancement, emphasis on customized solutions and the power of superior engineering capabilities.
Rolex has maintained a great success story as a major national player. And, it envisages to grow into a leading global player in the coming years.
Technology
Being an engineering pawn, it naturally comes to Rolex to follow technology and technology advancements that play an important role in making the product world class.
Technology is the biggest source of value-added that leads the company to deliver better products. Rolex strongly believes that the growth of a company is driven by the growth of its customers.
Therefore, the company invests heavily on manufacturing technology, testing and research that play a key role in creating products that meet the evolving needs of customers.
The manufacturing facility at Rolex Homes is the most advance machinery line that churns on designing and developing flawless products with the help of an ultramodern product development system.
Process
A systematic, process that begins with design creation with advanced CAD / CAE / CAM software, basically traveling through stages such as design and production validation and testing before design approval for actual production.
To accomplish effective testing, Rolex uses some of the best and highly advanced testing tools to test on various aspects including durability, environment, etc.
With a consistent focus on increasing value for its customers, Rolex is in-house. Encourages continuous R&D activities.
The dedicated engineering department aims to achieve solutions in the areas of product, material, manufacturing process, management, etc., leading to benefits in cost, quality and environmental safety.
Footprints
They are a manufacturing company and international supplier of hot rolled forged and machined bearing rings, as well as automobile parts.
They are making Auto parts of vehicles such as two wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines, and railways, among many others (Source: ICRA Report).
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 671.02 | 686.17 | 782.25 | 803.49 | |
| Total Revenue | 225.45 | 675.33 | 911.25 | 791.54 | |
| Profit After Tax | 14.56 | 72.08 | 1,40.56 | 94.05 | |
Basic and Diluted Earnings Per Share (EPS)
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 22.08 | 22.08 | 3 |
| Financial Year 2019 | 24.62 | 24.62 | 2 |
| Financial Year 2018 | 30.39 | 30.39 | 1 |
| Weighted Average | 24.31 | 24.31 | |
| (6 months) Sep. 30, 2020 | 10.56 | 10.56 | – |
Issue
Rolex Rings Limted, headquartered in Rajkot(Gujarat) has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 56 Crores of Fresh equity and OFS of 75 lakh share on 21 Mar, 2021.
The Offer includes a fresh equity of Rs. 56 crore and an offer for sell(OFS) up to 75 lakhs equity shares of face value of 10 per share, by the promoters.
They got approval from Securities and Exchange Board of India(SEBI) on 1 June, 2021 to float the initial public offering (IPO) in the market.
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of The offer
- Long-standing client relationships and a regionally diverse revenue base
- Diversified product portfolio
- Production facilities that give size, flexibility, and locational benefits
- Promoter and management team with significant subject knowledge
- Over the last few years, the company has had a strong financial performance.
Rolex Rings IPO Details
| IPO Opening Date | 28 July 2021 |
| IPO Closing Date | 30 July 2021 |
| Issue Type | Book Built |
| Face Value | 10 per share |
| IPO Price | 880 to 900 per equity share |
| Market Lot | 16 |
| Min Order Quantity | 16 |
| Listing At | BSE, NSE |
| Issue Size | 731 Cr |
| Fresh Issue | 56 Cr |
| Offer for Sale | 7,500,000 Equity Share |
Rolex Rings IPO Tentative Date
The Rolex Rings IPO opens on 28 July 2021, and the closing on 30 July 2021. The issue may list on 09 August 2021.
| IPO Open Date | 28 July 2021 |
| IPO Close Date | 30 July 2021 |
| Basis of Allotment Date | 04 August 2021 |
| Initiation of Refunds | 05 August 2021 |
| Credit of Shares to Demat Account | 06 August 2021 |
| IPO Listing Date | 09 August 2021 |
Rolex Rings IPO Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 35 | Minimum level of 1 lot, based on availability, for every shareholder. |
Rolex Rings IPO Allotment Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Rolex Rings IPO.
Rolex Rings IPO GMP
Rolex Rings IPO Grey Market Premium is as follows and you can check GMP of other IPOs as well from links given below:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| 08 August 2021 | 427 | 6300 | 700 |
| 07 August 2021 | 438 | 5300 | 650 |
| 06 August 2021 | 440 | 2500 | 200 |
| 05 August 2021 | 474 | 5800 | 600 |
| 04 August 2021 | 456 | 3300 | 300 |
| 03 August 2021 | 473 | 4200 | 400 |
| 02 August 2021 | 509 | 3800 | 550 |
| 01 August 2021 | 465 | 4500 | 500 |
| 31 July 2021 | 535 | 3700 | 450 |
| 30 July 2021 | 483 | 2700 | 350 |
| 29 July 2021 | 502 | 3200 | 300 |
| 28 July 2021 | 450 | 3500 | 400 |
| 27 July 2021 | 595 | 2500 | 250 |
| 26 July 2021 | 575 | 3500 | 350 |
| 25 July 2021 | 465 | 2200 | 300 |
| 24 July 2021 | 450 | 1800 | 250 |
| 23 July 2021 | 385 | 1200 | 250 |
| 22 July 2021 | 360 | ||
| 21 July 2021 | 350 |
Check Out The GMP Of other IPOs
Rolex Rings IPO Review
Please apply for listing gain most of the things are positive about the company. However, For long term you need to wait at least 1- 2 quarterly results.
Rolex Ring IPO Risk
- They have previously failed on some debts and have been subjected to CDR.
- They depend significantly on the automobile sector’s success in India, Europe, North America, Latin America, and parts of Asia. Any developments in the market circumstances that affect these markets might have a negative effect on their business.
- The ongoing impact of the COVID-19 epidemic may have a major affect on their operations.
- Any shortages, slowdowns, or shutdowns in their operations may result in underutilization of their current production facilities, putting their business at risk.
- A large portion of their revenue came from their top ten clients.
Other Threats
- Their loan arrangements compel their Promoters and certain members of their Promoter Group to pledge their Company’s Equity Shares, OCRPS, and NCRPS to lenders.
- Demand for their goods in other countries is influenced by international market circumstances and regulatory concerns, which might have a negative impact on their business.
- Their logo is not registered, and failing to safeguard their intellectual property might harm their brand.
- They must meet stringent quality standards, and any product defects or failure to meet quality standards by them might have a negative impact on their firm.
- With their clients, they do not have any binding agreements. If their client decides not to use them to meet their needs, it might have a negative effect on their firm.
Rolex Ring IPO Brokerage views
- Yes Securities : Apply
- Choice Brokering: Apply
- Axis Securities: Apply
- IIFL Securities: Apply
- Trade swift: Apply
- Anand Rathi : Apply
- ICICI Securities: Apply
Rolex Ring IPO Peer Comparison
| S. No. | Company Name | PE |
| 1 | Bharat Forge Ltd | 81.70 |
| 2 | Ramkrishna Forgings Ltd | 180.77 |
| 3 | Mm Forgings Ltd | 30.38 |
Rolex Rings IPO Subscription
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| 28 July 2021 | 1 | 0 | 1.34 | 7.11 | N/A | 3.84 |
| 29 July 2021 | 2 | 0.53 | 5.85 | 15.89 | N/A | 9.26 |
| 30 July 2021 | 3 | 143.58 | 360.11 | 24.48 | N/A | 130.43 |
Rolex Rings Promoters
- Rupesh dayashankar madeka
- Jiten dayashankar madeka
- Manesh dayashankar madeka
- Pinakin dayashankar madeka
- Bhautik dayashankar madeka
Rolex Rings IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Rolex Rings IPO Prospectus
Contact Details
B/h. Glowtech Steel Private Limited, Gondal Road,
Kotharia, Rajkot, Gujarat 360 004 Phone: +91 22 2302 4400Email: [email protected]
Website: http://www.rolexrings.com/
Registrar
Link Intime India Private Ltd
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
Lead Manager(s)
- IDBI Capital Markets & Securities Limited
- JM Financial Limited
- Equirus Capital Private Limited
We hope we are able to answer all your questions about Rolex Rings IPO. If you don’t have a Demat account, open it now with Zerodha best trading app.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms.
What is grey Market?
The phrase “grey market” refers to an illegal over-the-counter market where IPO applications and IPO stock are traded before the entity is listed on a stock exchange. This is a technique for dealers to help consumers who wish to sell their home before it goes on the market.
This is also a way to increase the listing fee and provide help for the issue prior to the listing. In the IPO grey market, there are two types of transactions that take place:
- IPO stocks are traded at a premium in the grey market.
- At a kostak, an IPO application is traded.
What is grey Market Premium?
The Grey Market Premium, or GMP, is the price at which IPO stock shares are exchanged in the grey market.
This could be correct or incorrect, implying that the grey market trading price is greater or cheaper than the issue price, depending on demand and supply for the stocks.
Typically, individuals who do not want to incur the risk of their shares not being allocated through an IPO can purchase shares on the grey market in the hopes of flipping them on the IPO for a profit.
What is Kostak?
The additional amount in rupees at which IPO applications are sold in the IPO Grey Market is known as kostak (or price of application). The bonus of a maximum lot retail application in an IPO is generally described as the ‘Kostak’ value.
The Kostak price is significant primarily before the offer is closed for subscription and the ultimate bidding status is made accessible to IPO participants. After the final auction status is known to investors, only a small percentage of IPO applications are exchanged.
‘Kostak’ is made for those who do not want to incur a risk on an IPO or gain from a listing.
Example:
Rolex Ring IPO
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means Rolex Ring IPO applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
Kostak rate
The Kostak rate is the fee received by an investor who sells his or her IPO application on the grey market. Regardless of allotment status, this is the money an individual stands to gain.
Subject to Sauda
The money that an investor stands to gain by selling his or her application for firm allotment is referred to as the subject to Sauda. Firm allocation is the important operative phrase here. The sauda will be cancelled if the applicant is not allotted.
When selling an IPO application in the grey market, the client and seller agree that the sale will only be legal if the seller receives the allocation. The deal is avoided if the seller does not get any stocks throughout the IPO procedure.
FAQ
Rolex Rings IPO Opening Date?
Rolex Rings IPO Open on 28 July 2021.
Rolex Ring IPO GMP today?
Rolex Rings IPO GMP today is INR 427.
Who is Rolex Rings IPO Promoter ?
1. Rupesh dayashankar madeka 2. Jiten dayashankar madeka 3. Manesh dayashankar madeka 4. Pinakin dayashankar madeka 5. Bhautik dayashankar madeka
Lot Size for Rolex Rings IPO ?
Rolex Rings IPO Lot size is 16.
Rolex Rings IPO Listing Date?
Rolex Rings IPO Listing Date is 09 August 2021.
