Rolex Rings Limited IPO (Rolex Rings IPO) Detail

2 minutes, 14 seconds Read
Home » Stock Market » IPO » Rolex Rings Limited IPO (Rolex Rings IPO) Detail

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:; Website:; Corporate Identity Number: U28910GJ2003PLC041991

Rolex Rings Limited IPO detail

Company Promoters






Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended ( ₹ in Million)

Total Revenue6,197.576,753.329,112.54
Profit After Tax869.55529.41590.41
Total Asset7,969.246,861.737,822.57

Rolex Rings Limited – IPO Details

IPO Details

Issue Open Date28 July 2021
Issue Close Date30 July 2021
Issue TypeBook Built
Face Value₹ 10 per equity share
IPO/Issue Price ₹ 880 to ₹ 900 per equity share
Market Lot16 Shares
Min Order Quantity16 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

28 July 2021

Issue Open Date

Issue Close Date

30 July 2021
4th Aug 2021

Basis of Allotment Date

Initiation of Refunds

5th Aug 2021
6th Aug 2021

Credit of Shares to Demat Account

IPO Listing Date

9th Aug 2021

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


When the Rolex Rings Limited IPO will Open?

The Rolex Rings Limited IPO opens on 28th July 2021.

When the Rolex Rings Limited IPO will close?

The Rolex Rings Limited IPO close on 30th July 2021.

What is the lot size of Rolex Rings Limited IPO?

Rolex Rings Limited IPO lot size is 16 Shares and the minimum order quantity is 16 Shares.

What is the Issue Price (per equity share) of the IPO?

The issue price of the IPO ranges from ₹ 880 to ₹ 900 per equity share.

Rolex Rings IPO Rating

Rating: 3.5 out of 5.
EduTaxTuber Team

EduTaxTuber Team

We are here to help for every updates related to everything...👍📙👍📗

Similar Posts

Leave a Reply