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
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DRHP
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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.

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 665.99 616.33 1010.23 1178.95 1221.76
Total Expenditure 544.56 507.46 781.32 918.24 959.79
Operating Profit 121.44 108.87 228.92 260.72 261.97
Other Income 9.34 3.43 11.42 19.3 15.06
Interest 32.17 11.7 20.43 9.83 2.7
Depreciation 26.52 25.41 25.55 26.92 32.63
Exceptional Items 0 0 0 0 -32
Profit Before Tax 72.08 75.19 194.36 243.27 209.7
Provision for Tax 19.14 -11.77 62.48 45.17 53.66
Net Profit 52.94 86.96 131.88 198.09 156.04
Adjusted EPS (Rs.) 2.21 3.63 4.84 7.27 5.73

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 23.98 23.98 27.23 27.23 27.23
Total Reserves 244.12 332.75 517.57 715.77 870.95
Borrowings 44.24 32.35 20.46 0 0
Other N/C liabilities 78.06 53.51 82.09 65.63 61.42
Current liabilities 295.77 348.19 337.64 204.62 161.3
Total Liabilities 686.17 790.78 985 1013.25 1120.91
Assets
Net Block 374.27 372.39 379.66 390.8 466.41
Capital WIP 0 1.15 45.99 45.84 4.13
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 16.1 30.73 18.08 21.16 10.88
Other N/C Assets 2.85 13.51 3.5 10.86 14.52
Current Assets 292.96 373 537.77 544.6 624.98
Total Assets 686.17 790.78 985 1013.25 1120.91
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 3.82 4.57 4.31 5.27 9.46
Profit Before Tax 63.28 50.03 31.37 66.59 65.14
Tax 16.32 13.01 7.75 16.68 15.88
Profit After Tax 46.96 37.02 23.62 49.91 49.26
Adjusted EPS (Rs) 17.24 13.59 8.67 18.33 18.09

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 53.35 0
Jun 2024 55.25 0
Mar 2024 55.25 0
Dec 2023 55.25 0
Sep 2023 55.25 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 72.08 75.19 194.36 243.27 209.7
Adjustment 58.59 32.58 43.14 35.86 27.71
Changes in Assets & Liabilities 75.34 -42.71 -143.75 -1.99 48.3
Tax Paid -22.24 -5.84 -34.88 -63.66 -64.27
Operating Cash Flow 183.78 59.21 58.88 213.47 221.44
Investing Cash Flow -14.17 -36.31 -67.78 -44.14 -158.07
Financing Cash Flow -168.5 -19.54 8.04 -151.42 -66.15
Net Cash Flow 1.11 3.37 -0.86 17.91 -2.78
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