Rolex Rings Ltd - IPO

Rolex Rings Ltd IPO Details

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.

Objective of issue

Funding Long-term Working Capital Requirements. General Corporate Purposes.

Rolex Rings Ltd Contact Details

Rolex Rings Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@rolexrings.com

Website - www.rolexrings.com