Rolex Rings IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Rolex Rings IPO Subscription

Rolex Rings IPO Subscription Status: FINAL

Rolex Rings Limited, incorporated in 2003, is one of the top five forging companies in India. It is a manufacturer and global supplier of hot rolled forged and 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.

Investor CategoryQuotaSubscription
Institutional (QIB)50%143.58x
Non-Insti. (HNI)15%360.11x
Retail (RII)35%24.48x
Total Subscription100%130.43x

Rolex Rings IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x 0.23x 143.58x
HNI 1.34x 5.85x 360.11x
Retail 7.10x 15.88x 24.48x
Total 3.84x 9.26x 130.43x

Rolex Rings IPO Subscription: Analyst Recommendations

CHOICE BROKING – SUBSCRIBE with Caution [ Report ]

“Average operating cash flow stood at Rs. 171cr during FY18-20, which declined to Rs. 59cr in FY21. With robust cash flows in excess of the capex requirement, the company repaid financial liabilities, which declined by 20.4% CAGR over FY18-21. Pre-issue, RoIC and RoE were in a declining trend with an average of 24.2% and 29.5%, respectively, over FY18-21.

UNLISTED ARENA – SUBSCRIBE with Caution

”At the price of ₹900, the asking PE comes at 24x. High sentiment in primary markets may emanate in listing gains but for long term, it would be worthy to watch for future performance and take any decision,’

ANGEL BROKING – SUBSCRIBE

“The company has a long-standing relationship with existing clients and the with newer products, it should be able to increase the share from existing customers. Considering potential rebound in demand from user industries, we have a positive outlook on Rolex Rings IPO,”

SUBSCRIBE – ICICI Direct, Reliance Securities and Ventura Securities

Rolex Rings IPO Subscription: Key IPO Details

TypeValue
Issue Size₹806 Cr
Open Date28/07/2021
Close Date30/07/2021
Face Value₹10/- per Equity Share
IPO Price₹880 – ₹900
Lot Size16 shares
LotsMin 1 – Max 13

Rolex Rings IPO Subscription: Financials

201920202021
Revenue from Ops₹904.32 Cr₹665.99 Cr₹616.33 Cr
Profit before Excep*₹140.56 Cr₹72.08 Cr₹75.19 Cr
Profit after Tax59.01 Cr₹52.94 Cr₹86.96 Cr
EPS (Basic)24.6222.0836.26
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS29.5929.7430.42
* Weighted Average for last 3 years

Comparison with listed industry peers

CompanyP/E (Cap)
Rolex Rings30.42
Highest (Ramkrishna Forgings)116.39
Lowest (MM Forgings)38.64
Sector Avg77.52

Rolex Rings IPO Subscription – FAQs

1. How to apply for Rolex Rings IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Rolex Rings IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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