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Rolex Rings Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Rolex Rings Ltd IPO

Registered Office: B/H Glowtech Steel Pvt Ltd,Gondla Road Kotharia , Rajkot - 360004 , Gujarat , India.
Phone :    Fax:
Email :  compliance@rolexrings.com  
Website :  www.rolexrings.com
Initial Public Offering of 8,122,222 equity shares of face value of (Rs)10 each ("equity shares") of Rolex Rings Limited (the "company" or the "issuer") for cash at a price of (Rs)900 per equity share including a securities premium of (Rs)890 per equity share (the "offer price") aggregating to (Rs)731 Crores (the "offer"). The offer comprises of a fresh issue of 622,222 equity shares by the company aggregating to (Rs)56 Crores (the "fresh issue") and an offer for sale by Rivendell Pe LLC, (the "selling shareholder"), of 7,500,000 equity shares aggregating to (Rs)675 Crores ("the offer for sale"). The offer shall constitute 29.82% of the post-offer paid-up equity share capital of the Company. The face value the equity shares of (Rs)10 each and The price is (Rs)900 per share and is the 90 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
28-Jul-21 30-Jul-21 (Rs)900.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :16  Further Multiples of :16

  (Rs Cr) Lead Managers to the Issue
Project Cost 56.00
Equirus Capital Pvt Ltd
Project Financed through Current Offer 731.10  
Post Issue Equity Share Capital 27.23  
Issue Price (Rs)900.00  
 
Projects
Funding Long-term Working Capital RequirementsGeneral Corporate Purposes
Promoted By
Rupesh Dayashankar Madeka  
Jiten Dayashankar Madeka  
Manesh Dayashankar Madeka  
Listing At
BSE 
NSE 
Registrar to the Issue
MUFG Intime India Pvt Ltd