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Open
28 Jul 2021
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Close
30 Jul 2021
3
Allotment
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Listing
Mon, Aug 9, 2021
Price Band
₹880 to ₹900
Issue Size
81,22,222 shares (agg. up to ₹731 Cr)
Lot Size
16 Shares
Listing Date
Mon, Aug 9, 2021
Latest GMP
₹455
Est. Gain
50.56%
✦ AI Insight
GMP Trend
08-08-2021₹455Est. ₹1355+50.56%
06-08-2021₹455Est. ₹1355+50.56%
05-08-2021₹460Est. ₹1360+51.11%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 89.88x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 796.92 | 686.17 | 782.26 |
| Total Income | 619.76 | 675.33 | 911.25 |
| Profit After Tax | 86.96 | 52.94 | 59.04 |
| EBITDA | 112.29 | 130.78 | 208.02 |
| NET Worth | 356.73 | 268.11 | 215.34 |
| Reserves and Surplus | 332.75 | 244.12 | 191.36 |
| Total Borrowing | 249.49 | 258.95 | 385.17 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sona BLW Precision Forgings Ltd. | Mainboard | ₹5,550.00 Cr | ₹291 | null | ₹361.20 | +24.12% | ₹683.40 (+2.05%) |
| Craftsman Automation Ltd. | Mainboard | ₹823.70 Cr | ₹1490 | null | ₹1,435.60 | -3.65% | ₹9,101.00 (-1.40%) |
| Pavna Industries Ltd. | SME | ₹29.70 Cr | ₹165 | null | ₹165.50 | +0.30% | ₹16.80 (-1.73%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding long-term working capital requirements | 45.00 |
| 2 | General corporate purposes | 7.96 |
About Rolex Rings IPO
Incorporated in 2003, Rolex Rings is among the top five forging companies in India. 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. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc. The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others. Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA. Competitive Strengths Among the leading forging companies in India. Strong manufactur
Contact Details
Rolex Rings Ltd. AddressB/h.Glowtech Steel Private LimitedGondal Road, Kotharia, RajkotGondal, Gujarat, 3600040281 6699677/577compliance@rolexrings.comVisit Website