]

Rolex Rings IPO allotment: Rolex Rings IPO (Initial Public Offering) ended on July 28 after a massive subscription of 87.06 times. Those who have applied for this IPO should know that they can check their allotment status online on BSE website and through Link Intime India Pvt Ltd, the registrar of the IPO. All they have to do is follow some easy steps on these websites to know if they have been allotted shares or not?

See Zee Business Live TV Streaming Below:

As per Upstox, Rolex Rings IPO allotment of shares will begin on August 4, while Initiation of refunds will start on August 5. Rolex Rings IPO allotment date has been put as August 6 and the listing date is August 9.

How to Check Rolex Rings IPO Allotment Status on BSE

Step 1: Go to direct link : bseindia.com/investors/appli_check.aspx on BSE official website. This will take you directly to the website, where you need to fill in required details in order to know the subscription status

Step 2: Next, In the dropdown menu, select ‘Equity’ for issue type

Step 3: Below, select the name of the IPO, which is ‘Rolex Rings Limited’ in this case

Step 4: Now, you will be asked to verify application number & PAN number

Step 5: Hit search button and you should be able to see your IPO allotment on the screen

How to Check Rolex Rings IPO Allotment on Link Intime

Step1: Go to https://linkintime.co.in/MIPO/Ipoallotment.html

Step 2: Select IPO Name- ‘Rolex Rings Limited’

Step 3: Fill in details such as PAN number, application number or DP ID

Step 4: Click on ‘Search’ Button. You can now see your Rolex Rings IPO Allotment on the screen.

Rolex Rings IPO share allotment: Here’s how to check application status

]

Auto-components maker Rolex Rings Limited’s initial public offering (IPO) , that was open for subscription on July 28 and closed on July 30, share allotment is expected to be finalized on August 4. The company’s price band was fixed at ₹880-900 per share. The bidders can check their share allotment status online by logging in at the BSE website here or at the official registrar’s website Link Intime India Private Ltd here .

Rolex Rings grey market premium (GMP) is strong at ₹510 today as all eyes are on the share allotment and listing date. Rolex Rings shares are expected to list on 9August 2021 on the Indian stock exchanges.

Rolex Rings IPO received an overwhelming response across all categories as the issue was subscribed 130.43 times on the final day of the bidding. The offer received bids for over 741.5 million equity shares against the total issue size of 5.69 million equity shares, according to the exchanges showed.

Qualified institutional buyers (QIBs) portion was subscribed 143.58 times, while those of non-institutional investors were subscribed 360.11 times and that of retail individual investors (RIIs) was subscribed 24.48 times.

The IPO comprises a fresh issue of ₹56 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by Rivendell PE LLC (formerly known as NSR-PE Mauritius LLC). Equirus Capital Private Limited, IDBI Capital Markets and Securities Limited, and JM Financial Limited were the managers of the offer.

Rolex Rings, based in Gujarat, is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components. It supplies bearing rings and automotive components to over 60 customers in 17 countries primarily located in India, USA, and Thailand and European countries.

Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Rolex Rings IPO: Check allotment date and latest GMP

]

Follow us on Image Source : ROLEXRINGS.COM Rolex Rings IPO: Check allotment date and latest GMP

Rolex Rings IPO allotment will be finalised on August 4. The public offer had received 130.44 times subscription. The Rs 731-crore IPO received bids for 74,16,00,096 shares against 56,85,556 shares on offer.

Rolex Rings IPO comprised a fresh issue of up to Rs 56 crore and an offer for the sale of up to 75 lakh equity shares. The qualified institutional buyers (QIBs) category was subscribed 143.58 times, non-institutional investors 360.11 times, and retail individual investors (RIIs) 24.49 times.

Rolex Rings IPO offer was in a price range of Rs 880-900 a share. The issue was fully subscribed within hours of opening.

The grey market of Rolex Rings is signaling a strong listing of the public issue. Rolex Rings IPO GMP today is Rs 550. Rolex Rings shares will be listed on BSE and NSE on August 9.

Rolex Rings is an automotive component maker company. Based in Rajkot, Gujarat, Rolex Rings is among the leading manufacturers of forged and machined components in the country.

The company said that proceeds from the fresh issue will be used towards funding long-term working capital requirements as well as general corporate purposes.

Rolex Rings expects to receive the benefits of listing the equity shares on the stock exchanges like enhancement of its brand name among existing and potential customers, and the creation of a public market for its equity shares in India.

Latest Business News