Rolex Rings Limited IPO [INITIAL PUBLIC OFFERING] Detail
About The Rolex Rings Limited
The Company originally started as a business in partnership under the name of ‘Rolex Industries’ by two Promoters Rupesh Dayashankar Madeka and Manesh Dayashankar Madeka in 1977-1978. The partnership firm was, thereafter, converted into a joint-stock company under the Companies Act, 1956, in the name of ‘Rolex Rings Private Limited’, and a certificate of incorporation dated February 13, 2003 was issued by the RoC. The name of the Company was further changed to Rolex Rings Limited upon conversion to a public limited company and consequently a fresh certificate of incorporation was issued by the RoC, on March 10, 2021, recording the change of the Company’s name to ‘Rolex Rings Limited’.
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.
Registered Office: B/h. Glowtech Steel Private Limited, Gondal Road, Kotharia, Rajkot, Gujarat 360 004
Corporate Office: Near Kotharia Railway Crossing, opposite Hotel Krishna Park, Gondal Road, Kotharia, Rajkot, Gujarat 360 004
Contact Person: Hardik Dhimantbhai Gandhi, Company Secretary and Compliance Officer for the Offer; Tel.: 0281 6699677/577
E-mail: compliance@rolexrings.com; Website: www.rolexrings.com; Corporate Identity Number: U28910GJ2003PLC041991
Company Promoters
RUPESH DAYASHANKAR MADEKA
JITEN DAYASHANKAR MADEKA
MANESH DAYASHANKAR MADEKA
PINAKIN DAYASHANKAR MADEKA ANDBHAUTIK DAYASHANKAR MADEKA
Company Financials
Summary of Restated Consolidated Financial Information
For the year/period ended ( ₹ in Million)
| Particulars | |||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Revenue | 6,197.57 | 6,753.32 | 9,112.54 |
| Profit After Tax | 869.55 | 529.41 | 590.41 |
| Total Asset | 7,969.24 | 6,861.73 | 7,822.57 |
Rolex Rings Limited – IPO Details
IPO Details
| Issue Open Date | 28 July 2021 |
| Issue Close Date | 30 July 2021 |
| Issue Type | Book Built |
| Face Value | ₹ 10 per equity share |
| IPO/Issue Price | ₹ 880 to ₹ 900 per equity share |
| Market Lot | 16 Shares |
| Min Order Quantity | 16 Shares |
| Listing At | BSE, NSE |
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. Funding long-term working capital requirements; and
2. General Corporate Purposes
IPO Prospectus
IPO FAQs
When the Rolex Rings Limited IPO will Open?
When the Rolex Rings Limited IPO will close?
What is the lot size of Rolex Rings Limited IPO?
Rolex Rings IPO Rating
We are here to help for every updates related to everything…👍📙👍📗