Incorporated in 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.
The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.
Company Financials:
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 7,969.24 | 6,861.73 | 7,822.57 | ||
| Total Revenue | 6,197.57 | 6,753.32 | 9,112.54 | ||
| Profit After Tax | 869.55 | 529.41 | 590.41 | ||
Objects of the Issue:
- Funding long-term working capital requirements.
- General corporate purposes.
Rolex Rings IPO Subscription Status (Bidding Detail)
The Rolex Rings IPO is subscribed 130.44x times on Jul 30, 2021 17:01. The public issue subscribed 24.49x in the retail category, 143.58x in the QIB category, and 360.11x in the NII category.
| Category | IPO Subscription |
|---|---|
| QIB | 143.58x |
| NII | 360.11x |
| RII | 24.49x |
| Total | 130.44x |
The listing date for IPO is 09.08.2021.
Check Allotment Status on Registrar’s Website
The registrar for this IPO is Link Intime India Private Limited.
- The registrar for the IPO is Link Intime India Private Limited and the shares are proposed to be listed on the BSE and NSE.
- After you land on the website’s homepage, click on public issues. You will see a drop-down that says ‘Select Company’.
- From the drop-down menu, select ‘Rolex Rings’.
- For identification, you can give your PAN number, application number, DP/client ID, account number/IFSC code.
Check Allotment Status on BSE
Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.
Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘Rolex Rings’
Step 3: You will have to enter your application number and PAN card number next.
Step 4: After completing all the above-mentioned steps click on the “Search” button.
Capital gain tax on sale of shares received in IPO allotment:
Now, let’s talk about the taxability of gain earned if the shares are sold on the listing date itself to get listing gain by way of premium on listing and if the same is sold after some time.
There can be two types of gain’s: (i) long term or (ii) short term.
To book ITR filing with experts CLICK ME.
To book phone consultation with experts for any Income tax related matters CLICK ME.
To book consultation for Faceless Assessment with experts CLICK ME.
To book phone consultation with experts for GST related matters CLICK ME.
To book general phone consultation with expert CLICK ME.
