IPO Central

Rolex Rings IPO description – Rolex Rings is a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines and railways, amongst other segments.

The company is among top five forging companies in India and is one of the key manufacturers of bearing rings and caters to most of the leading bearing companies in India. During FY2020, the company supplied bearing rings and automotive components to over 60 customers in 17 countries, primarily located in India, the USA and in European countries such as Germany, France, Italy, and Czech Republic, and Thailand. Rolex Rings has been able to maintain long standing relations with its customers and 80% of its 10 largest customers for FY2020 have been with the company for over a decade.

The company has three manufacturing units in Rajkot and has 22 forging lines with a combined installed capacity of 1,44,750 MTPA, machining facilities consisting of 508 spindles with a combined installed capacity of 66 million parts per annum and other machinery including heat treatment furnaces, cold rolling machines and other infrastructure.

Promoters of Rolex Rings – Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka and Bhautik Dayashankar Madeka