Rolex Rings IPO Closed

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Date 28 Jul 2021 – 30 Jul 2021
Price range 880 – 900
Minimum order quantity 16
(D)RHP View

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Rolex Rings is launching its IPO. The public offer comprises a fresh issue of equity shares aggregating up to Rs. 56 crores and an offer for sale of 75 lakh equity shares.

About the company:

Rolex Rings Limited is one of the top forging companies in India. Manufacturer and global supplier of hot rolled forged, machined bearing rings, and automotive components, which have applications in a wide range of end-user industries such as automotive, railways, industrial infrastructure, renewable energy, among other segments.

The company is one of the key manufacturers of bearing rings in India and caters to most of the leading bearing companies in the country. Along with India, the company supplies its components in 17 countries, such as the USA and in European countries such as Germany, France, Italy, and the Czech Republic, and Thailand among others.

 

Financial Snapshot:

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 911.25 59.04 24.62
March 2020 675.33 52.94 22.08
March 2021 619.76 86.96 35.96
 

How do I apply for the Rolex Rings IPO?

You can apply for the Rolex Rings IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.