Rolex Rings was incorporated on February 13, 2003. The company is 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.
| Bidding Dates |
|---|
| 28 Jul 2021 - 30 Jul 2021 |
| Subscription |
|---|
| 130.44x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,400 | 1 | 13 | 16 | 8.1 M | ₹880 - ₹900 | 80.11 % | ₹7147.6 M - ₹7310.0 M | RHP DOC |
Rolex Rings IPO SUBSCRIPTION STATUS
30 Jul '21Rolex Rings IPO overall subscription rate was 130.44 times the total available shares
Rolex Rings IPO retail subscription rate was 24.49 times in the retail segment
Rolex Rings IPO non-institutional investor subscription rate was 360.11 times in the non-institutional investor category
Rolex Rings IPO Qualified Institutional Bidder subscription rate was 143.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Jul 2021 (Day 3) | 24.49x | 360.11x | 143.58x |
29 Jul 2021 (Day 2) | 15.89x | 5.85x | 0.23x |
28 Jul 2021 (Day 1) | 7.11x | 1.34x | 0x |
Rolex Rings FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY21 | 869.6 | 6,163.3 | 592.1 | 207.3 | 18.1% |
| FY20 | 529.4 | 6,659.9 | 1,837.8 | 1,680.6 | 19.4% |
| FY19 (proforma) | 590.4 | 9,043.2 | 1,938.1 | 1,575.2 | 22.8% |
Rolex Rings IPO SUBSCRIPTION STATUS DETAILS
Rolex Rings had 8.1 M shares on offer
Rolex Rings IPO offer price was in the range ₹880 - ₹900
Rolex Rings IPO minimum Investment was ₹14400
Rolex Rings IPO issue size was ₹ 7147.6 M - ₹ 7310.0 M
Rolex Rings had a minimum lot size of 16 Shares per application
Rolex Rings NUMBER OF SHARES ON OFFER
Rolex Rings IPO IMPORTANT DATES
| Issue Open Date | 28 Jul 2021 |
| Issue close Date | 30 Jul 2021 |
| Allotment Date | 04 Aug 2021 |
| Refund Date | 05 Aug 2021 |
| Demat Account Credit Date | 06 Aug 2021 |
| Listing Date | 09 Aug 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Rolex Rings Allotment Status | Exchange |
Rolex Rings IPO subscription opened on 28 Jul 2021, and closed on 30 Jul 2021
IPO allotment for Rolex Rings was finalized on Wednesday, 04 Aug 2021
IPO listing for Rolex Rings was on NSE and BSE on Monday, 09 Aug 2021
Rolex Rings IPO LISTING GAINS
| Issue Price (adjusted) | 90.0 |
| Listing Open Price | 1249.0 |
| Listing Close Price | 1166.5 |
| Listing Gain% | 38.8% |
| Current Gain% | 91.4% |
Rolex Rings Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rolex Rings Ltd. | 172.3 | 703.6 | 30.9 | -2.5 | 4.1 | 11.6 | 10.3 | 1193.7 | 0.9 | 141.1 | -18.9 | 5.6 | -12.2 |
| Samvardhana Motherson International Ltd. | 168.7 | 178053.4 | 40.7 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 45075 | 132953.7 | 56.3 | -5 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 801.2 | -11.3 |
| UNO Minda Ltd. | 1278.9 | 73852.3 | 61.4 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2784.5 | 53900.2 | 84.6 | -16.1 | 2.4 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 803.8 | 50118.1 | 72 | 3.8 | 10.2 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Rolex Rings INFORMATION ON IPO ISSUE
About Rolex Rings
Rolex Rings was incorporated on February 13, 2003. The company is 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.
Object of the Issue
1. Funding long-term working capital requirements.
2. General corporate purposes.
Rolex Rings - PROMOTERS
| Name |
|---|
| Rupesh Dayashankar Madeka |
| Jiten Dayashankar Madeka |
| Manesh Dayashankar Madeka |
| Pinakin Dayashankar Madeka |
| Bhautik Dayashankar Madeka |
Rolex Rings Book Running Lead Managers
Equirus Capital Private Limited
rolexrings.ipo@equirus.com
IDBI Capital Markets & Securities Limited
rolex.ipo@idbicapital.com
JM Financial Limited
rolexrings@jmfl.com
Rolex Rings Registrar to the Offer
Link Intime India Private Limited
rolex.ipo@linkintime.co.in
Rolex Rings Strengths
Leading companies
The company is among the leading forging companies in India.
Manufacturing capabilities
The company has strong manufacturing capabilities
product portfolio
The company has a comprehensive product portfolio
Geographically spreaded
The company has geographically diversified revenue base
Financial performance
Strong and consistent financial performance track record
Rolex Rings Risks
Dependent on auto sector
The company is heavily dependent on the performance of the automotive sector in India, Europe, North America, Latin America and some parts of Asia
Dependent on few customers
The company's top 10 customers accounted for a substantial majority of the revenue
Outstanding borrowings
The company has outstanding borrowings which may adversely affect its financial condition.
IPO FAQs
Rolex Rings Ltd. IPO listing opened at Rs 1249.00 while the issue price was Rs 900.00 giving 38.78% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 90.00 giving 91.42% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 675.0 crore, of 7,500,000 shares. It also consists of a fresh issue of Rs 56.0 crore.
The promoters of the company are Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka and Bhautik Dayashankar Madeka.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 880.0 - 900.0.
The IPO application opens on Jul 28, 2021 and closes on Jul 30, 2021.
The minimum lot size for the IPO is 16. The maximum lot size for the IPO is 208.
For all category investors, the minimum application amount for this IPO is Rs. 14,400.0, the maximum value for this IPO is Rs 187,200.0.
This IPO will be allotted on Aug 04, 2021.
The refund will be credited to your account on Aug 05, 2021.
The allotted shares will be credited to your demat on Aug 06, 2021.
Rolex Rings Ltd.’s shares listed on the stock exchanges on Aug 09, 2021.