Rolex Rings Limited IPO
Open for Subscription

India Pesticides Limited IPO
`880 -

Why apply to Rolex Rings Limited?

Rolex Rings Limited is one of the top five forging companies in India in terms of installed capacity and 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. The company supplies domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies, Tier-I suppliers to global auto companies and some auto OEMs. The company’s product portfolio includes a wide range of bearing rings, parts of gear box and automotive components, among others.

Objects of the Offer: The offer comprises of an offer for sale and a fresh issue. The OFS is comprised of 75,00,000 equity shares amounting to ₹675cr while fresh issue of ₹ 56cr. Out of the fresh issue, ₹ 45cr would be used for funding long-term working capital requirements and the balance would be used for general corporate purposes. The proceeds from the OFS would go directly to such selling shareholders.

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Issue Highlights

  • 28-July-21
  • 30-July-21
  • ` 880 - ` 900 per share
  • ` 10 per equity share
  • ` 731 crores
  • Bombay Stock Exchange
    & National Stock Exchange
  • 50%
  • 15%
  • 35%