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Rolex Rings IPO

Rolex Rings Ltd.

₹14,080 /16 sharesMinimum Investment

Rolex Rings IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 Jul ‘21 - 30 Jul ‘21₹14,08016₹880 - ₹900
Issue SizeIPO Doc
731.00Cr
RHP PDF

Subscription Status As on 30 Jul '21, 5:00 PM

  • Retail Individual Investor
    24.48x
  • Non-Institutional Investor
    360.11x
  • Qualified Institutional Buyers
    143.58x

About Rolex Rings

Rolex Rings Limited is a manufacturer and global supplier of hot rolled forged, machined bearing rings, and automotive c
Parent Organisation
Rolex Rings Ltd.
Founded
1988
Managing Director
Manesh Dayashankar Madeka
Rolex Rings IPO review - Should you invest in Rolex Rings IPO | Upcoming IPO 2021

Strengths & Risks

  • It has a comprehensive portfolio of products in the markets in which it operates.
  • Manufacturing capabilities that offer scale, flexibility, and locational advantage.
  • Long-standing customer relationships and geographically diversified revenue base.
  • Strong financial performance over the past three years.
  • Experienced Promoters with a strong management team.
  • High dependence on the performance of the automotive sector in India, Europe, North America, Latin America, and some parts of Asia.
  • The company has defaulted in payment of certain loans in the past and had approached CDR Cell for restructuring debt in FY 2013.
  • Impact of any shortages, slowdown, or shutdown in its manufacturing operations leading to under-utilization at its existing manufacturing facilities.
  • Continuing impact of the outbreak of the COVID-19.
  • High dependency on its top 10 customers for revenue.
  • Demand for its products in foreign countries is subject to international market conditions and regulatory risks.
  • Outstanding borrowings.
  • Any product defect issues or failure by the company to comply with quality standards.
  • Inability to secure adequate working capital on commercially reasonable terms.
  • Non-compliance with and changes in, safety, health, and environmental laws and other applicable regulations.
  • Manufacturing operations are geographically concentrated in Rajkot, Gujarat.
  • Company’s name and logo are not registered under the Trade Marks Act, 1999.
  • Inability to obtain, renew or maintain statutory and regulatory permits, licenses, and approvals required to operate its business and manufacturing facilities.
  • Absence of any long-term supply agreements with customers.
  • Lack of availability of raw materials or any fluctuation in the prices of raw materials required for its products.
  • Any failure of, or weakness in its internal control systems.

Financials

*All values are in Rs. Cr
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