Rolex Rings Ltd IPO

Rolex Rings Ltd ₹731 Cr IPO opens for subscription from July 28, 2021 at price band of ₹880-900/Share.

Issue closes on 30th July, 2021.

The Rolex Rings Ltd IPO's market lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (total 208 shares at ₹187,200).

 Rolex Rings Ltd IPO Details

 Rolex Rings IPO Tentative Timetable

Rolex Rings Ltd is a leading forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components.

The firm incorporated in 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.

In fiscal 2020, company has exported bearing rings and auto components to 17 different countries. Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.