Rolex Rings IPO Allotment Status: Rolex Rings Private Limited is a Gujarat-based company that deals in the manufacturing of forged & automotive components in India. Established in 2003, it is one of the top automotive and forged manufacturers in India. In March 2021, it released its Draft Red Herring Prospectus for the issue of IPO. The bidding process for IPO has been closed on 30th July and Bidders can expect the release of Rolex Rings IPO Allotment Status on 4th August 2021.
Rolex Rings IPO has been subscribed 130.44 times as of the day of closing of the bid. Once the basis of share allotment is finalized bidder can view it. We know, bidder must be anxious to check their allotment status. They can check it online from the official portal of BSE or on the official website of Rolex Rings IPO registrar. The direct links of both are shared in this article.
- 1 Rolex Rings IPO Allotment
- 2 Rolex Rings IPO Timeline
- 3 How to check Rolex Rings IPO Allotment Status?
- 4 FAQs
Rolex Rings IPO Allotment
Being subscribed for 130 times, Rolex Rings IPO is all set to be allotted to the bidders on August 4. It will be listed on BSE and NSE most likely on 9th August 2021. Investors are requested to wait for few hours to get their allotment status activated on the official portal. They need to check all the login credentials ready with them to view the allotment status.
Rolex Rings IPO : A Brief
|Name of the IPO||Rolex Rings IPO|
|Name of the Company/ Issuer||Rolex Rings Private Limited|
|Registrar||Link Intime India Pvt Ltd.|
|Lead Managers||Equirus Capital Private Limited|
IDBI Capital Markets & Securities Limited
JM Financial Limited
|Type of Issue||Book Built Issue IPO|
|IPO Price||Rs.880 to Rs.900 per equity share|
|Issue Size||( ) Equity Shares of Rs.10 each |
(up to Rs.731.00 Crores in total)
|Fresh Issue||( ) Equity Shares of Rs.10 each |
(up to 56.00 Crores in total)
|Face Value||Rs.10 per equity share|
|Offer for sale||7,500,000 Equity Shares of Rs.10 each |
(up to Rs.675.00 Crores in total)
|Listing at||BSE |
|Minimum order quantity||16 shares|
|Market Lot||16 shares|
Rolex Rings IPO Timeline
|Date of starting of offer/ bidding||28th July 2021|
|Closing of offer/ bidding||30th July 2021|
|Finalization of Basis of IPO allotment||4th August 2021|
|Initiation of refunds to unsuccessful bidders||5th August 2021|
|Credit of Equity shares to Demat Accounts||6th August 2021|
|Listing||9th August 2021|
Objectives of Rolex Rings IPO Issue
The main purpose of the issue of IPO is to generate capital for the various expenditures of the company. Check what are the objectives of Rolex Rings IPO listed below-
- To raise funds fo the long -term working capital requirements of the company.
- To raise capital for General corporate requirements.
Rolex Rings Subscription Details
|Investor’s Category||IPO Subscription|
|QIB (Qualified Institutional Buyer)||143.58x times|
|NII (Non-Institutional Bidders )||360.11x times|
|RII (Retail Individual Investor)||24.49x times|
How to check Rolex Rings IPO Allotment Status?
Rolex Rings IPO allotment result is going to be out today. Bidders have to check it from a reliable source. The IPO allotment status for Rolex rings will be made available on various platforms. Investors can get their allotment status primarily from the IPO allotment status page for BSE or Link Intime.
Rolex Rings IPO Allotment Status on BSE
- Go to BSE IPO Status check link for investors- https://www.bseindia.com/investors/appli_check.aspx
- Hit “Equity” option mentioned against the issue type.
- Select Rolex rings option from the dropdown list in Issue name section.
- Fill in the IPO Application No. and PAN no. in the respective space.
- Tick the “I am not Robot” option.
- Click on Search button to proceed.
- Desired allotment status of of the selected IPO will open.
Rolex Rings IPO Allotment Status on LINK INTIME
- Visit Link Intime IPO allotment status page. The link for the same is given as under
- The IPO allotment status page will appear.
- Click on the concerned search option among Application No., PAN no., and DP Client ID.
- Now, enter the required details in the concerned fields.
- Click on search button.
|Rolex Rings Pvt Ltd. Official website||http://www.rolexrings.com/|
|Rolex Rings IPO DRHP||Click Here|
|Rolex Rings IPO Status (through BSE)||Click Here|
|Rolex Rings IPO Status (Through Link Intime)||Click Here|
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Rolex rings IPO allotment is finalized on 4th August 2021.
It is Rs.880 to Rs.900 per equity share.
It can be checked on BSE portal and Link Intime portal using the links shared in this post above.
As per the schedule available, IPO will be listed on 9th August 2021.