Everything You Need to Know About the Rolex Rings IPO

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 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

For more information, you can refer to the IPO Prospectus filed by the company.

IPO Schedule

Event Date
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.

i applied rolex ipo …but am not able to see application status @ShubhS9

Please create a ticket at support.zerodha.com, team will check and assist.

Hi All,

I have applied for the Rolex Rings IPO and now I have received a message that IPO shares are allotted to me. Unfortunately, I have sent the UPI mandate to the bank account that I am not linked to my Demat account. The BHIM UPI shows that the payment failed. But CDSL has sent the message that shares are allotted to me.

I have also checked the allotment status over the website, and there are shown that the shares are allocated.

How can I resolve this issue?

The bank account you use for making application doesn’t necessarily be linked to your trading account. Just the bank account should be in your name.

The registrar shares an allotment file with the banks based on which funds are debited from the account. You can write to the the RTA at [email protected] to check why the transaction failed.