Rolex Rings IPO allotment date today. Here’s how to check application status

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Rolex Rings IPO allotment date: After getting subscribed over 130 times of its offer, the Rolex Rings IPO (Initial Public Offering) is expected to finalise share allotment today. So, those who bid for the public issue must be waiting anxiously for share allotment as grey market is highly bullish about the forging company’s IPO. Rolex Rings IPO GMP today is ₹435, which is around 50 per cent of the Rolex Rings issue price of ₹880 to ₹900. So, those who have bid for the issue are advised to check their Rolex Rings IPO status online once the share allotment is finalised. Bidders can check their application status online by logging in at the official BSE website — bseindia.com/investors/appli_check.aspx or at the direct Link Intime link — linkintime.co.in/MIPO/Ipoallotment.html. Link Intime is official registrar of the Rolex Rings IPO.

Rolex Rings IPO allotment status check at BSE

To check one’s application status online at the BSE website, bidders are advised to login at the direct BSE link — bseindia.com/investors/appli_check.aspx. After logging in, they need to follow some simple steps to know their share allotment status.

Here is step by step guide:

1] Login at the direct BSE link — bseindia.com/investors/appli_check.aspx;

2] Enter Rolex Rings IPO name in the issue name;

3] Enter your Rolex Rings IPO application number;

4] Enter PAN details;

5] Click at ‘I’m not a robot’; and

6] Click at ‘Submit’ button.

Your Rolex Rings IPO application status will become available on the computer monitor or on the Smartphone screen.

Rolex Rings IPO allotment status check at Link Intime

Rolex Rings IPO applicants who want to check their application status online via Link Intime website, they are advised to login at direct link — linkintime.co.in/MIPO/Ipoallotment.html and follow the step by step guide given below:

1] Login at the direct Link Intime India web link — linkintime.co.in/MIPO/Ipoallotment.html (due to sudden rise in traffic on the website, the site may not get opened. Bidders are advised to login after some time if they fail to login in first attempt);

2] Select IPO name Rolex Rings;

3] Enter PAN number, application number or DP ID;

4] Click on the ‘Search’ button.

Your Rolex Rings share allotment status will become available on your computer monitor or on the Smartphone screen.

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Rolex Rings IPO: Check allotment date, status; Grey Market Premium strong

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Follow us on Image Source : ROLEXRINGS.COM rolexrings.com

Rolex Rings IPO allotment will be finalised on Wednesday. Rolex Rings IPO allotment status will be available on Link Intime’s website. Link Intime India Private is the official registrar of Rolex Rings IPO. Investors can also check Rolex Rings IPO allotment status on the official Bombay Stock Exchange website.

Rolex Rings IPO worth Rs 731-crore received bids for 74,16,00,096 shares against 56,85,556 shares on offer. 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 comprised a fresh issue of up to Rs 56 crore and an offer for the sale of up to 75 lakh equity shares. The offer was in a price range of Rs 880-900 a share. Rolex Rings had earlier raised over Rs 219 crore from anchor investors.

Rolex Rings IPO was the fifth-highest subscribed IPO in 2021 after MTAR Technologies, Tatva Chintan Pharma Chem, Nazara Technologies and Easy Trip Planners.

Rolex Rings IPO GMP

Rolex Rings IPO is commanding a strong premium in the grey market. However, today’s premium is less than its high of Rs 555. Rolex Rings IPO’s latest GMP is a little less than 50 per cent. Rolex Rings IPO GMP is currently Rs 420-450.

Although Rolex Rings IPO GMP has declined marginally, investors are hopeful of a good listing gain from Rolex Rings IPO.

Rolex Rings shares will be credited to the Demat account of investors once IPO allotment status is finalised. Rolex Rings shares will be credited to the Demat account of eligible investors on August 5. Ineligible investors will get a refund on August 6.

Rolex Rings IPO Listing Date

Rolex Rings shares will be listed on BSE and NSE on August 9.

Rolex Rings has said that it will use the proceeds from the fresh issue towards funding long-term working capital requirements as well as general corporate purposes.

Rolex Rings is based in Gujarat’s Rajkot. It is an auto components maker company. Rolex Rings is among the leading manufacturers of forged and machined components in the country.

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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?

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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.