rolexrings.com
The IPO allocation for Rolex Rings will be finalized on Wednesday. The Rolex Rings IPO allotment status link will be available on Intime’s website. LINK Intime India Private is the official registrar of Rolex Rings IPO. Investors can check Rolex Rings IPO allotment status on the official website of Bombay Stock Exchange.
Bids were received for 74,16,00,096 shares while 56,85,556 shares were offered in the IPO of Rolex Rings worth Rs 731 crore. Qualified Institutional Buyers (QIBs) category was subscribed 143.58 times, non-institutional investors 360.11 times and Retail Individual Investors (RIIs) 24.49 times.
The IPO of Rolex Rings included a fresh issue of up to Rs 56 crore and an offer for sale of up to 7.5 million equity shares. The offer was in the price range of Rs 880-900 per share. Rolex Rings had earlier raised Rs 219 crore from anchor investors.
Rolex Rings IPO was the fifth most subscribed IPO in 2021 after MTAR Technologies, Tatva Chintan Pharma Chem, Nazra Technologies and Easy Trip Planners.
Rolex Rings IPO GMP
Rolex Rings IPO is operating at a strong premium in the gray market. However, today’s premium is lower than its high of Rs 555. The latest GMP of the Rolex Rings IPO is a little less than 50 percent. The IPO GMP of Rolex Rings is currently at Rs 420-450.
Although Rolex Rings IPO GMP declined marginally, investors expect good listing from Rolex Rings IPO.
Shares of Rolex Rings will be credited to the demat account of the investors once the IPO allotment status is finalised. Shares of Rolex Rings will be credited to the demat account of eligible investors on 5th August. The ineligible investors will get the refund on 6th August.
Rolex Rings IPO Listing Date
Shares of Rolex Rings will be listed on BSE and NSE on 9th August.
Rolex Rings has said it will use the proceeds from the fresh issue to finance long-term working capital requirements as well as general corporate purposes.
Rolex Rings is located in Rajkot, Gujarat. It is an auto component manufacturing company. Rolex Rings is one of the leading manufacturers of forged and machined components in the country.
.