Rolex Rings Ltd IPO- July 28, 2021

Rolex Rings Ltd IPO- July 28, 2021

Roll it out with the Rolex Rings Ltd Rs.700 cr initial public issue. 

Company Background

Rolex started its journey in manufacturing various types of rings for ball bearing, tapered, cylindrical, railway bearing components, spacers with additional operations like drilling, milling and marking. The company’s earnest endeavor is to provide the most perfect products, customized to the client’s requirements. Further, the company has excelled and increased their production capacity to 145K MT per annum & have achieved leading position in manufacturing forged and machining components across the globe. Over a Period of 4 decades. Today, Rolex is known for relentlessly setting new and higher benchmarks for the industry in the areas of forging and machining.

Business Information

Being an engineering vanguard, it comes naturally to Rolex to diligently follow technology and technology advancements which play a significant role in making a product world class. Rolex firmly believes that growth of a company is driven by the growth of its customers. Therefore, the company invests heavily on manufacturing technology, testing and research which play a crucial role in producing unmatchable products that meet the evolving needs of the clients.

  Facts about the company
  • The manufacturing facility at Rolex houses most advance machinery line that churns out flawless products as designed and developed with the help of an ultramodern product development system.
  • A systematic, process that begins with design creation with advanced CAD/CAE/CAM software, seamlessly travels through steps like design and production validation and testing before the approval of the design for actual production.
  • To accomplish effective testing, Rolex makes use of some of the best and highly advanced testing equipment to conduct tests on various aspects including durability, environmental, etc.
  • The dedicated engineering department aims of achieved solution in areas of product, material, manufacturing process, management, etc. such that it leads to benefits in cost, quality and environment safety.

Points to note before investing in Rolex Rings Ltd IPO
  • Among the leading forging companies in India
  • With a steadfast focus on enhancing value for its clients, Rolex encourages continuous R&D activities in-house
  • Technology is the greatest source of value added that leads the company to deliver superior products
  • Strong manufacturing capabilities
  • Comprehensive product portfolio
  • Geographically diversified revenue base
  • Strong and consistent financial performance track record.
 

IPO Opening Date
July 28, 2021
IPO Closing Date
July 30, 2021
Issue Type
Book Built Issue IPO
Face Value
₹10 per equity share
IPO Price
960 to 970 per equity share
Market Lot
15
Min Order Quantity
15
Listing At
BSE, NSE
 
 Allotment , Listing and Refunds details
 
Basis of Allotment Date
August 04, 2021
Initiation of Refunds
August 05, 2021
Credit of Shares to Demat Account
August 06, 2021
IPO Listing Date
August 09, 2021
 
 
 
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