Rolex Rings IPO GMP Today, Live IPO Grey Market Premium 2021

Rolex Rings IPO GMP is very attractive to date. Here in the below tables, you can check Rolex Rings IPO GMP, Kostak, and Subject rates. Grey Market premium for Rolex Rings is around ₹450.

The Rolex Rings IPO will hit the market soon, and you can apply for the IPO from 28th July to 30th July 2021. Rolex Rings are planning to raise ₹700 Crores through an IPO which consists of a fresh issue of – crores worth equity and OFS (Offer For Sale) of 75,00,000 equity shares by existing shareholders. Also, check IPO GMP for upcoming IPOs.

Latest Rolex Rings IPO GMP- 

Rolex Rings IPO GMP table is updated every day to give you the exact grey market premium for Rolex Rings IPO.

DateIPO GMP Kostak RatesSubject to Sauda
6/08/2021 ₹450
5/08/2021 ₹465
4/08/2021 ₹440 ₹400 ₹5000
3/08/2021 ₹470 ₹400 ₹5000
2/08/2021 ₹525 ₹400 ₹5000
30/07/2021 ₹530 ₹400 ₹5000
29/07/2021 ₹490 ₹400 ₹5000
28/07/2021 ₹440 ₹400 ₹5000
27/07/2021 ₹450 ₹400₹5000
26/07/2021 ₹540
25/07/2021 ₹520
24/07/2021 ₹450

Should you subscribe to Rolex Rings IPO?

We have researched and mentioned the strengths and risks of the Rolex Rings IPO. The final verdict will help you make the right decision.

Strength – 

  • Among the top 5 leading forging companies in India
  • Diversified revenue from Indian as well International market.
  • Strong product portfolio with high manufacturing capacity.
  • An excellent track record of financial performance.

Risks – 

  • Loan arrangements are done by pledging the shares of Promoters.
  • Previously they have failed to return debts so are subject to CDR.
  • The company’s business is directly affected by changes in the automobile market.

Final Verdict – 

Looking at their debt failures in the past tells about the uncertainty of their business. Also, their maximum revenue depends on only 5 companies. But at the same time, they have a good financial track record. So we would suggest you keep an eye on their quarterly performances.

Investors can invest for the short term in the Rolex Rings IPO. It’s early to predict but Rolex Rings IPO can give great listing gains by seeing its grey market premium. You can read the details of Rolex Rings IPO here.

Rolex Rings IPO Dates & Price Band:

Open date28th July 2021
Close date30th July 2021
Total Size of IPO₹700 Cr.
Fresh Issue 56 Cr.
Offer for Sale75,00,000 equity shares
Price Band₹880- ₹900
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Rolex Rings IPO Market Lot:

The minimum market lot of Rolex Rings IPO is 16 shares with ₹14,400 applications. Retail investors can apply for 13 lots with 208 shares application worth ₹187,200.

ApplicationLotSharesCut Off Amount
Minimum (RII)116₹14,400
Maximum (NII)13208₹187,200

Rolex Rings IPO Allotment & Listing Dates:

Rolex Rings IPO’s open date is 28th July and the closing date is 30th July. Allotment of shares will be done on 4th August and the listing date on NSE & BSE is 9th August 2021.

Allotment Date for Rolex Rings – 4th August 2021
Refund Date for Rolex Rings – 5th August 2021
Credit of Shares to Demat Account – 6th August 2021
Listing Date for Rolex Rings – 9th August 2021

About Rolex Rings:

Their management focuses on innovation, technology, and excellence every rising day. For this, they have focused and R&D centers that encourage their team to deliver efficient products in the automotive industry.

They have 3 manufacturing units based in Rajkot, Gujarat. They are best in forging engineering in India. Mainly manufactures high-class automotive components, engineering bearings for Indian and international clientele base. Having expertise in precision engineering of various machining and forging over a couple of years. 

Being a world-class supplier of automotive components they focus on innovation and till now they are successful in achieving success with improvised technology.

Peer Competitors – 

Sr.No.Company NamePE 
1Bharat Forge Ltd82
2MM Forging Ltd180.77
3Ramkrishna Forgings Ltd30.35

Rolex Rings IPO GMP FAQs:

What is the Rolex Rings IPO GMP today?

Rolex Rings IPO GMP is 450 as of today.

What is the last date to apply for Rolex Rings IPO?

30th July 2021 is the last date to apply for Rolex Rings IPO.

What is Kostak Rates of Rolex Rings IPO today?

Rolex Rings IPO Kostak Rates is ₹400 as of today.

Will Rolex Rings IPO GMP increase?

It’s too early to say that but we can expect a good premium on Rolex Rings IPO.

Can Rolex Rings give listing gains?

Investors can invest for the long term in the Rolex Rings IPO. It’s early to predict but Rolex Rings IPO GMP can give great listing gains by seeing its. You can keep a track of Rolex Rings IPO GMP here. 

Disclaimer for Investors:

  • We on do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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