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. The company has three manufacturing units in Rajkot. It has 22 forging lines with a combined installed capacity of 1,44,750 MTPA, machining facilities consisting of 528 spindles with a combined installed capacity of 69 million parts per annum and other machinery including heat treatment furnaces, cold rolling machines and other infrastructure. Rupesh Dayashankar Madeka, Jiten Dayashankar Madeka, Manesh Dayashankar Madeka, Pinakin Dayashankar Madeka, and Bhautik Dayashankar Madeka are the company promoters.

For year/ period ended ( in Cr.)

• It is one of the top five forging companies in India in terms of installed capacity Strong manufacturing capabilities.
• Comprehensive product portfolio.
• Geographically diversified revenue base.
• Strong and consistent financial performance track record.

• Funding long-term working capital requirements.
• General corporate purposes.

Rolex Ring is one of the key manufacturers of bearing rings in India and caters to most of the leading bearing companies in India. At the upper price band of Rs 900, the IPO valued at P/E multiple of 42 times. Hence, investor can subscribe to the issue for the medium to long-term.