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 components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines, and railways, amongst other segments. It is one of the top five forging companies in India. It supplies domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies.;
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
No Graph Data To Display
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.3.0
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ

ABOUT GROWW