Rolex Rings IPO: LAST DATE! Issue ends TODAY; Check subscription so far, important dates, key details and online allotment checking links
Rolex Rings IPO subscription, allotment updates: Like, several previous IPOs, Rolex Rings Initial Public Offering also saw massive response from investors as the issue was subscribed withing hours of opening.
Rolex Rings IPO subscription, allotment and important dates updates: Rolex Rings Initial Public Offering (IPO), which kicked off on Wednesday, July 28 will conclude today, July 30, 2021. Investors who want to put their money in the offering of Auto components maker will have last chance to apply for this IPO. Like, several previous IPOs, Rolex Rings Initial Public Offering also saw massive response from investors as the issue was subscribed withing hours of opening. Rolex Rings IPO was subscribed 3.84 times at the end of the first day.
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Rolex Rings IPO subscription Day 2
Keeping the momentum going, the IPO went on to be subscribed for whooping 9.26 times on Thursday. As against reserved quota of 56,85,556 shares, bids were received for 5,26,70,832 shares on July 29. Retail Individual Investors (RIIs) led the bidding as RIIs subscribed the issue 15.89 times, followed by Non-Institutional Investors (5.85 times). Qualified Institutional Buyers (QIBs) were yet to subscribed the issue fully.
Rolex Rings IPO important Dates
Rolex Rings IPO last date: July 30
Rolex Rings IPO allotment of shares begin: August 4
Rolex Rings IPO Initiation of refunds: August 5
Rolex Rings IPO allotment date: August 6
Rolex Rings IPO listing date: August 9
*Note these are key tentative dates as per brokerage UPstox.
Rolex Rings IPO other details
The initial public offer (IPO) comprises a fresh issue of up to Rs 56 crore and an offer for the sale of up to 75 lakh equity shares. The offer is in a price range of Rs 880-900 per share. Rolex Rings on Tuesday had garnered a little over Rs 219 crore from anchor investors. At the upper end of the price band, the IPO will fetch Rs 731 crore. Proceeds from the fresh issue would be used towards funding long-term working capital requirements as well as general corporate purposes.
Based in Rajkot, Gujarat, Rolex Rings is among the leading manufacturers of forged and machined components in the country.
Equirus Capital Private Limited, IDBI Capital Markets and Securities Limited, and JM Financial Limited are the managers of the offer.
Where to check Rolex Rings IPO Allotment status
Once Rolex Rings IPO's subscription is closed, investors can check status of IPO allotment on BSE and through Link Intime India Pvt Ltd, the registrar of the IPO.
BSE direct link: bseindia.com/investors/appli_check.aspx
Link Intime India Pvt Ltd direct link: https://linkintime.co.in/MIPO/Ipoallotment.html
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