Rolex Rings Limited
ListedMainboardIndustrials · NSE / BSE
Incorporated in 2003, Rolex Rings is one of India’s top five forging companies, manufacturing hot-rolled forged and machined bearing rings and automotive components for passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, and railways. Its products, including alloy steel bearing rings weighing 0.01 kg to 163+ kg, serve domestic and international markets, supplying leading automotive companies and bearing manufacturers such as SRF India, Schaeffler India, and Timken India, with exports to 17 countries including France, Italy, Germany, Thailand, Czech Republic, and the USA. The company operates three manufacturing plants in Rajkot with 22 forging lines and a total installed capacity of 1,44,750 MTPA.
Price Band
₹880 – ₹900
Issue Size
₹731 Cr
Lot Size
16 shares
GMP
₹455
+50.6%
Est. Listing
₹1355
at current GMP
Subscribed
—
Open
28 Jul 2021
Close
30 Jul 2021
Allotment
4 Aug 2021
Refund
5 Aug 2021
Demat Credit
6 Aug 2021
Listing
9 Aug 2021
Last updated 12 days ago
Key Highlights
- •Leading player in the Industrials segment
- •Price band established at ₹880 - ₹900 per equity share
- •Minimum bid lot is 16 shares
- •Estimated listing target of ₹1355 based on current grey market activity