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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding long-term working capital requirements
A portion of the fresh issue proceeds is earmarked to support the company's ongoing working capital needs.
General corporate purposes
The remaining fresh issue proceeds are to be used for general corporate purposes.
(₹ in Crore)
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Rolex Rings Limited, incorporated in 2003 and headquartered in Rajkot, Gujarat, is among the top five forging companies in India. The company manufactures hot rolled forged and machined bearing rings along with other automotive components, serving customers across passenger vehicles, two-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines and railways. The company operates three manufacturing plants in Rajkot equipped with 22 forging lines and an installed capacity of roughly 1,44,750 metric tonnes per annum. It supplies both the domestic market and international customers across around 17 countries, including the United States and several European markets such as Germany, France, Italy and the Czech Republic, as well as Thailand. As a supplier positioned within the auto component and industrial forging value chain, the company's business is closely tied to demand cycles in the automotive and industrial machinery sectors, while its export presence gives it exposure to a diversified set of end markets beyond India.
Ahead of the IPO, the company raised approximately Rs 219.3 crore from 26 anchor investors at the issue price, with participation from domestic and international institutional funds including Invesco Mutual Fund, Matthews Asia Funds, HSBC Global Investment Funds, HDFC Trustee, ICICI Prudential and Axis Mutual Fund among others.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Top-tier forging manufacturer
The company ranks among India's top five forging companies, with an established multi-plant manufacturing base and a diversified customer base spanning automotive and industrial machinery segments.
Diversified export footprint
Exports to around 17 countries including the US and several European markets reduce dependence on any single geography and provide exposure to global automotive demand cycles.
Cyclical end-market exposure
Demand for forged components is closely tied to automotive and industrial production cycles, exposing revenue to broader economic and sector cyclicality.
Customer and industry concentration
As a component supplier to the automotive and industrial machinery value chain, the business remains dependent on capital spending and order flow from a relatively concentrated set of end customers.
Rolex Rings Limited
Behind Glowtech Private Limited, Gondal Road, Kotharia, Rajkot 360002, Gujarat, India
View on Maps →MUFG Intime India Private Limited
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