Rolex Rings Limited

About the company

Rolex Rings is a global automotive component manufacturer, based in Rajkot, Gujarat. The company manufactures hot-rolled forged and machined bearing rings and automotive parts, which are used in two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways. It makes a diversified range of bearing rings—weighing from 0.01 kg to over 163 kg with an inner diameter of 25 mm to outer diameter of 900 mm—which are suitable for a wide range of end-users. The company has 60 customers in 17 countries, including India, and derives more than half of its revenues from overseas. Rolex Rings’ customers include some of the top global and domestic names such as SKF India, Schaeffler India, Timken India, NEI and NRB. Importantly, the company has forged a long-term relationship with its customers. It has been doing business with 7 of its 10 largest customers for over a decade now. Meanwhile, Rolex Rings has also managed to post healthy profit growth. Between FY19 and FY21, its net profit grew at a compounded annual growth rate (CAGR) of 21.3%.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   28 Jul 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   30 Jul 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   30 Jul 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   05 Aug 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   04 Aug 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   09 Aug 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.