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
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
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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