Rolex Rings IPO Details and Grey Market premium (GMP) and Allotment status check link

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Rolex Rings IPO Details and Its GMP

The IPO opened for subscription on July 28, 2021 and had set its close date for July 30, 2021.
Rolex Rings IPO

Rolex Rings IPO Allotment Status check link

To check Rolex Rings IPO Allotment Status, you need to go to  www.bseindia.com/investors/appli_check.aspx

The Details of IPO are as below

Rolex Rings IPO

Important Dates

Rolex Rings IPO

Rolex Rings IPO Lot Size

The Rolex Rings IPO has a lot size of 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹1,87,200)

Company Details

Rolex Rolled Rings was established in the year 2003, Rolex Rings is among the top five forging companies in India. The company manufactures hot rolled forged & machine bearing rings and automotive components that are used across segments i.e. passenger vehicles, 2-wheelers, commercial vehicles, electric vehicles, off-highway vehicles, industrial machinery, wind turbines, railways, etc. A wide range of product offerings such as automotive parts, hot forged and machined alloy steel bearing rings weighing from 0.01 Kg to 163+ kg caters to different industries i.e. automotive, industrial infrastructure, railways, renewable energy, etc.

The company supplies its products on both the domestic as well as international ground to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. In fiscal 2020, it has exported bearing rings and automotive components to 17 different countries i.e. France, Italy, Germany, Thailand, Czech Republic, USA, and others.

Currently, the firm has 3 manufacturing plants in Rajkot with 22 forging lines with an aggregated installed capacity of 1,44,750 MTPA.

Objective of this IPO

  1. Funding long-term working capital requirements.
  2. General corporate purposes.

Rolex Rings IPO Subscription Status (Bidding Detail)

The Rolex Rings IPO is subscribed 130.44 times on 30th July 2021.

Rolex Rings IPO

Grey Market Premium - GPM of Rolex Rings IPO

Keeping an eye on the overwhelming response from the bidders, grey market is also giving positive response to the Rolex Rings IPO. According to market observers, Rolex Rings IPO GMP today is around ₹550.



Disclaimer : This article is for educational purpose only and done not provide any buy or sell recommendation. 
Location: Delhi, India

Comments

  1. jewellersworkshopAugust 6, 2021 at 6:32 PM

    I read the above article and I got some knowledge from your article. It's actually great and useful data for us. Thanks for share it. Diamond Rings

    ReplyDelete

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