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Is it worth buying Rolex IPO rings?
With IPOs a dime a dozen to choose from and limited funds at your disposal, Rolex Rings is not a compelling buy despite its reasonable valuation at about 25 times FY21 earnings (peer MM Forgings and Ramkrishna Forgings trade at about 35 times trailing earnings).
Can we buy Rolex Rings IPO?
Rolex Rings is launching its IPO. The public offer comprises a fresh issue of equity shares aggregating up to Rs. 56 crores and an offer for sale of 75 lakh equity shares….Rolex Rings IPO Closed.
| IPO date | 28 Jul 2021 – 30 Jul 2021 |
|---|---|
| Price range | 880 – 900 |
| Minimum order quantity | 16 |
| (D)RHP | View |
Can we invest in Rolex Rings?
Therefore, investors can consider holding this for medium to long term,” said Likhita Chepa, Senior Research Analyst at CapitalVia Global Research. Rolex Rings raised Rs 731 crore from investors, through its IPO that comprised a fresh issue of Rs 56 crore and the rest Rs 675 crore by selling shareholders.
What are Rolex Rings?
Rolex Rings Private Limited designs and manufactures hot forged rolled rings. The Company offers ball and railway bearings, tapered, cylindrical, spherical, and spacers. Rolex Rings serves customers worldwide.
How much is a Rolex IPO subscription?
The initial public offer (IPO) of Rolex Rings was subscribed 130 times on Friday, the concluding day of the offer. The institutional portion was subscribed 143 times, the wealthy investor portion by 360 times and the retail investor portion by 24.5 times. The Rs 731-crore IPO generated bids worth Rs 66,744 crore.
How do you use a Rolex IPO ring?
You can apply in Rolex Rings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
Where can I apply for Rolex Rings IPO?
The minimum order quantity is 16 Shares. The IPO opens on Jul 28, 2021, and closes on Jul 30, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
What can I expect from a Rolex ring?
Rolex Rings IPO: The stock is expected to list at a 45-50 percent premium over the final issue price of Rs 900. Hence, investors stand to make a profit of Rs 6,480-7,200 per lot on an investment of Rs 14,400 per lot of shares.
Who is owner of Rolex Rings?
Manesh Dayashankar Madeka
You can view name of Chairman, CEO, CFO, Management Team, Board of Directors and Key Executives of Rolex Rings Ltd….PREMARKET.
| Management | |
|---|---|
| Manesh Dayashankar Madeka | Chairman & Managing Director |
| Mihir Rupeshkumar Madeka | Whole Time Director |
| Pravinchandra Ratilal Dholakia | Independent Director |
| Vivek Sett | Nominee Director |
How many times is Rolex Rings IPO subscribed?
How do I check my Rolex ring IPO allotment?
To check Rolex Rings IPO Allotment Status, you need to go to https://www.bseindia.com/investors/appli_check.aspx .
- You need to select Issue Type.
- After that you need to enter Issue Name.
- You need to select Application Number.
- Then you need to enter PAN Number.
- Please select “I’m not a robot”.
How many times Rolex Rings IPO subscribed?