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Rolex Rings IPO Review

 

Rolex Rings IPO Date, Review, Price, Form & Market Lot Details

Rolex Rings IPO to hit the market on 28 July 2021 and closes  on 30 July 2021. The company to raise ₹731 crores via initial public offer with a face value of ₹10 per equity share.
 
Rolex Rings IPO to hit the market on 28 July 2021 and closes on 30 July 2021. The company plans to raise ₹731 crore through the initial public offerings. The IPO comprises fresh issue of ₹56 crores and offer for sale up to 7,500,000 equity shares of existing share holders. Rolex Rings incorporated in 2003 based in Rajkot, Gujarat. They are one of the top 5 forging companies in India. They are manufacturer of hot rolled forged & machine bearing rings and automotive components. Their products mainly used in passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. They are selling their products in India and in International market France, Italy, Germany, Thailand, Czech Republic, USA, and others. Their client base includes big names like SRF India, Schaeffler India, Timken India, etc. Currently they have their own 3 manufacturing plants in Rajkot. Check out Rolex Rings IPO details.

Equity Shares outstanding prior to the Issue = 2,39,81,090 Shares
Fresh Issue of 6,22,222 Shares @900/- = Rs.56 Crores
Offer for Sale of 75,00,000 Shares @900/- = Rs.675 Crores
Equity Shares outstanding after the Issue = 2,46,03,312 Shares


Listed Industry Peer Group:
  • Bharat Forge
  • RamKrishna Forg
  • MM Forge 

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