|
Issue Open Date
|
28-Jul-21
|
|
Issue Closing Date
|
30-Jul-21
|
|
Application Money
|
100
|
|
Allotment Money
|
|
|
|
|
Price Band
|
880
-
900
|
|
Minimium Application No.
|
16
|
|
Issue Size (Shares)
|
8122222
|
|
Market Lot
|
1
|
|
|
|
Objective
|
1. Funding long-term working capital requirements.2. General corporate purposes.
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|
|
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Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
Offered / Reserved |
Bid For |
|
Non-Institutional Investors
|
1218334
|
438739040
|
360.113926066251
|
Qualified Institutional Buyers
|
1624444
|
233235472
|
143.57864721714
|
Retail Individual Investors
|
2842778
|
69602224
|
24.4838759832811
|
|
|
|
Business Description
We are one of the top five forging companies in India (Source: ICRA Report) and a manufacturer and global supplierof hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including twowheelers,passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery,wind turbines and railways, amongst other segments. We supply domestically and internationally to large marqueecustomers including some of the leading bearing manufacturing companies, tier-I suppliers to global auto companiesand some auto OEMs. As per ICRA Report, SKF India Limited, Schaeffler India Limited Timken India Limited, NEIand NRB collectively account for 81% of the market share of Indian bearing industry. We are one of the keymanufacturers of bearing rings in India (Source: ICRA Report) and cater to most of the leading bearing companies inIndia.
|
|
Promoter's Holding
|
|
Total Share Capital
|
15696667
|
|
Offered to Public
|
8122222
|
|
Promoter's Holding (Pre-Issue)
|
58.99
|
|
Promoter's Holding (Post-Issue)
|
57.64
|
|
|
|
|
|
|
|
Address |
Behind Glowtech Steel Pvt Limited Gondal Road Kotharia
Rajkot,
Gujarat,
360004
Phone : 0281-6699577 / 2360406
Email : compliance@rolexrings.com
Website : www.rolexrings.com
|
|
Registrar |
Link Intime India Pvt Ltd.
C 101 247 Park LBS Marg Vikhroli (West) Mumbai
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Listed at |
BSE, NSE
|
|
Lead Manager |
Equirus Capital Pvt Ltd IDBI Capital Markets & Securities Ltd. (Formerly known as IDBI Capital Market Services Ltd.) JM Financial Ltd.
|
|
Promoters |
Bhautik Dayashankar Madeka Jiten Dayashankar Madeka Manesh Dayashankar Madeka Pinakin Dayashankar Madeka Rupesh Dayashankar Madeka
|
|