ROLEX RINGS IPO ANALYSIS
Rolex Rings is among the leading manufacturers of forged and machined components in India. It is based at Rajkot (Gujarat) India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe.
The company have expertise in precision engineering of various Forging and machining over a period of 4 decades. Rolex has garnered a wealth of expertise in manufacturing transmission components, engine components, chassis components, exhaust system components and bearing rings.
Rolex started its journey in manufacturing various types of rings for ball bearing, tapered, cylindrical, railway bearing components, spacers with additional operations like drilling, milling and marking. Their earnest endeavour is to provide the most perfect products, customized to the client’s requirements. Further, they excelled and increased their production capacity to 145K MT per annum & have achieved leading position in manufacturing forged and machining components across the globe over a period of 4 decades. Today, Rolex is known for relentlessly setting new and higher benchmarks for the industry in the areas of forging and machining.
For FY 21, the company had total assets of Rs 7969.24 million and a Revenue of Rs. 6197.57 million. Total assets & PAT showed an increase from the past two financial years, which is a good sign.
The opening IPO date is 28th July 2021 till 30th July 2021, with the IPO price of Rs 880 to Rs 900 per equity share. The issue size of the IPO is supposed to be 731 Cr. As per the financials of company, the company have a potential to perform well in future. IPO is not highly suggestible for short term gain.
