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Rolex Rings IPO Subscription (Live) Numbers & Status | Should You Subscribe?

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Rolex Rings IPO subscription to start from 28 July 2021, Wednesday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. Rolex Rings is one of the top forging companies in India based in Rajkot, Gujarat. They are one of the top automotive components manufacturers. The financial results shows a good numbers as the revenues stable and the PAT is on a good side. The EPS stood at 35.96 in 2020-2021. The Rolex Rings price band is fixed at ₹880 to ₹900 Per Share with face value of ₹10 Per Equity Share. The minimum bid is for 16 Shares (₹14,400) and maximum bid is 208 shares (187,200). Rolex Rings IPO to raise ₹731 Crores via initial public offer. Please check the Rolex Rings IPO details over here. 
IPOWatch View
We recommend investors to apply this IPO with short term and long term gain. The IPO Subscription is started!
Brokerage Firm IPO Review & Recommendations

  • IPOWatch: Apply
  • Axis Capital: Neutral
  • Capital Market: May Apply
  • ICICI Direct: Apply
  • Reliance Securities: Apply
  • Venture Securities: Apply

    Rolex Rings IPO Subscription Status (Final Data)

    (Over Subscribed) 

    The Rolex Rings IPO subscribed 130.43x on day 3 till 5:00 PM. The subscription comprises Qualified Institutional Buyer (QIB) 143.58x, (Non-institutional Bidders) NII 359.99x and Retail 24.48x.
    CategoryDay 1Day 2Day 3

    Rolex Rings IPO Date & Price Band

     IPO Open: 28 July 2021
     IPO Close: 30 July 2021
     IPO Size: Approx ₹731 Crores
     Fresh Issue: Approx ₹56 Crores
     Offer for Sale: Approx ₹675 Crores, 75,00,000 Shares
     Face Value: ₹10 Per Equity Share
     Price Band: ₹880 to ₹900 Per Share (Final)
     Listing on: BSE & NSE
     Retail Portion: 35%
     Equity: Shares

    Rolex Rings IPO Market Lot

     Minimum Lot Size: Minimum 16 Shares
     Minimum Amount: ₹14,400
     Maximum Lot Size: Maximum 208 Shares
     Maximum Amount: ₹187,200

    Rolex Rings IPO Date, Time Table, Allotment & Listing

     Price Band Announcement: 23 July 2021
     Anchor Investors Allotment: 27 July 2021
     IPO Open Date: 28 July 2021
     IPO Close Date: 30 July 2021
     Basis of Allotment: 04 August 2021
     Refunds: 05 August 2021
     Credit to Demat Account: 06 August 2021
     IPO Listing Date: 09 August 2021

    Rolex Rings IPO Subscription FAQs:

    When Rolex Rings IPO Subscription will start?

    The IPO subscription starts on 28 July 2021 for QIB, NII, and Retail Investors.

    How much Rolex Rings IPO subscribed?

    The IPO subscribed 130.43x times on day 2.

    What is Rolex Rings IPO Retail subscription status?

    The RII subscription is 24.48x on day 2.

    How to subscribe Rolex Rings IPO?

    You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

    How do i check live Rolex Rings IPO Subscription Numbers?

    One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.

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