Rolex Rings Ltd IPO

Gujrat-based Rolex Rings Ltd incorporated in 2003, is one of the top five Indian forging companies and a key manufacturer of bearing rings in India.

RHP
View
DRHP
View
Open Date

2021-07-28

Close Date

2021-07-30

Company Financials

You can get the following financial statements of Rolex Rings Ltd as of now.

Subscription Details

The valuation of Rolex Rings IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 900
Total Shares 2.66 Cr
Market Cap 2394 Cr
EPS (TTM) Rs 32.68 
PE Ratio 27x
Industry PE 77x

 

Rolex Rings IPO issue size is 731 Cr. 

Issue Amount
Fresh Issue 56 Cr
Offer For Sale 675 Cr

 

An Individual can apply for a minimum 1 lot of 16 shares and a maximum of 13 lots of 208 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 16 Rs 14,400
 Maximum 13 208 Rs 1,87,200

 

Rolex Rings IPO is subscribed 130.44 times till 30th July. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 50% 143.58 Times
Non-Institutional Minimum 15% 360.11 Times
Retail Individual Minimum 35% 24.49 Times
Total 100% 130.44 Times

Allotment Details

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Rolex Rings IPO:

Schedule Date
Basis of Allotment 04 August 2021
Refunds 05 August 2021
Credit to Demat Account 06 August 2021
IPO Listing Date 09 August 2021

 

When the allotment is out, you can check it from the registrar's website. Find the Rolex Rings IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 904.32 665.99 616.33 1010.23 1178.95
Total Expenditure 703.31 544.56 507.46 781.32 918.24
Operating Profit 201.02 121.44 108.87 228.92 260.72
Other Income 6.93 9.34 3.43 11.42 19.3
Interest 41.23 32.17 11.7 20.43 9.83
Depreciation 25.42 26.52 25.41 25.55 26.92
Exceptional Items 0 0 0 0 0
Profit Before Tax 141.29 72.08 75.19 194.36 243.27
Provision for Tax 79.64 19.14 -11.77 62.48 45.17
Net Profit 61.65 52.94 86.96 131.88 198.09
Adjusted EPS (Rs.) 2.57 2.21 3.63 4.84 7.27

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 37.59 23.98 23.98 27.23 27.23
Total Reserves 187.95 244.12 332.75 517.57 715.77
Borrowings 83.09 44.24 32.35 20.46 0
Other N/C liabilities 68.14 78.06 53.51 82.09 65.63
Current liabilities 405.41 295.77 348.19 337.64 204.62
Total Liabilities 782.18 686.17 790.78 985 1013.25
Assets
Net Block 382.25 374.27 372.39 379.66 390.8
Capital WIP 0.95 0 1.15 45.99 45.84
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 18.98 16.1 30.73 18.08 21.16
Other N/C Assets 11.96 2.85 13.51 3.5 10.86
Current Assets 368.03 292.96 373 537.77 544.6
Total Assets 782.18 686.17 790.78 985 1013.25
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 6.77 0.25 2.37 3.82 4.57
Profit Before Tax 64.91 57.09 65.03 63.28 50.03
Tax 12.12 10.68 16.59 16.32 13.01
Profit After Tax 52.79 46.41 48.44 46.96 37.02
Adjusted EPS (Rs) 19.38 17.04 17.79 17.24 13.59

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 55.25 0
Sep 2023 55.25 0
Jun 2023 55.25 0
Mar 2023 57.64 0
Dec 2022 57.64 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 141.29 72.08 75.19 194.36 243.27
Adjustment 62.62 58.59 32.58 43.14 35.86
Changes in Assets & Liabilities 24.75 75.34 -42.71 -143.75 -1.99
Tax Paid -34.89 -22.24 -5.84 -34.88 -63.66
Operating Cash Flow 193.77 183.78 59.21 58.88 213.47
Investing Cash Flow -36.35 -14.17 -36.31 -67.78 -44.14
Financing Cash Flow -157.97 -168.5 -19.54 8.04 -151.42
Net Cash Flow -0.56 1.11 3.37 -0.86 17.91
X