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 is one of the top forging companies in India and a manufacturer and global supplier of hot rolled forged and 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 Year Ended||Revenue (₹ Crores)||PAT (₹ Crores)||EPS (₹)|
For more information, you can refer to the IPO Prospectus filed by the company.
|Issue Period||28th July 2021 to 30th July 2021|
|Price Range||₹ 880 to 900|
|Minimum Bid Quantity||16|
|Finalisation of Allotment||4th August 2021|
|Initiation of Refunds||5th August 2021|
|Credit of Shares||6th August 2021|
|Listing Date||9th August 2021|
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.