Rolex Rings IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 28 Jul 2021 - 30 Jul 2021
Issue Size ₹675 Cr
Issue Price ₹880-900
Market Lot 16 Shares
Shares on Offer 75,00,000
Registrar Link Intime
GMP ₹540-550
Kostak ₹350
Subject to Sauda ₹7000-7200
Listing Date 09 Aug 2021
Listing Price ₹1249
Listing Gain% 39

About Rolex Rings Limited

Where innovation, precision and revolution drives motion engineering towards excellence, every rising day! That’s how the world of automotive focus on Rolex Rings.

Based at Rajkot(Gujarat) India, Rolex Rings is among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe. Having expertise in precision engineering of various Forging and machining over a period of 4 decades. Rolex has garnered a wealth of expertise in manufacturing transmission components, engine components, chassis components, exhaust system components and bearing rings.

With an unabated commitment to Quality, focused on Technology Advancements, thrust on Customized Solutions and power of Superior Engineering Capabilities. Rolex has sustained a great success saga as a leading national player. And, it envisages evolving as a leading global player in the years to come.

Company Promoters

Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 6,861.73 7,822.57 8,034.97
Total Revenue (In ₹ Millions) 6,753.32 9,112.54 7,915.43
Profit After Tax (PAT) (In ₹ Millions) 529.41 590.41 728.77

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
31 Jul 2021 ₹540-550 ₹350 ₹7000-7200
30 Jul 2021 ₹470-475 ₹400 ₹5400
29 Jul 2021 ₹440-450 ₹400 ₹5100-5200
28 Jul 2021 ₹430-440 ₹450 ₹5750-5800
24 Jul 2021 ₹400-410 N/A N/A

Strengths & Weaknesses

Strength
Weakness

Rolex Rings Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 28 Jul 2021 0.00 1.34 7.11 3.84
Day 2 - 29 Jul 2021 0.23 5.85 15.89 9.26
Day 3 - 30 Jul 2021 143.58 360.11 24.49 130.44

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Rolex Rings Limited IPO FAQs

  1. When will Rolex Rings Limited IPO open?

    Rolex Rings Limited IPO will open on 28 Jul 2021 and close on 30 Jul 2021.

  2. What is the listing date of Rolex Rings Limited IPO?

    Rolex Rings Limited IPO will list on 09 Aug 2021.

  3. What is the offer price of Rolex Rings Limited IPO?

    The offer price of Rolex Rings Limited IPO is ₹880-900.

  4. What is the lot size of Rolex Rings Limited IPO?

    The lot size of Rolex Rings Limited IPO is 16.

  5. What is the Grey Market Premium (GMP) price of Rolex Rings Limited IPO?

    The Grey Market Premium (GMP) price of Rolex Rings Limited IPO is ₹540-550.

  6. What is the Kostak price of Rolex Rings Limited IPO?

    The Kostak price of Rolex Rings Limited IPO is ₹350.

  7. What is the Subject to Sauda price for Rolex Rings Limited IPO?

    The Subject to Sauda price for Rolex Rings Limited IPO is ₹7000-7200.

Rolex Rings Limited IPO Review/Comments

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