Rolex Rings IPO Date
| |For applying to the Rolex Rings IPO, it is necessary to check out the information over the dates. So, if the same is your concern, then we are ready to take you among the different Rolex Rings IPO dates. For that, let’s dive into the following segments to know more in detail.
The company has decided to raise ₹731 crore through the public issue with the objective of using the fresh issue for the long-term capital requirements funding along with corporate purposes.
Diving into the details of the Rolex Rings IPO price, the public offering further includes the fresh issue of 56 Cr and OFS of ₹675 Cr by the Riverdell PE which is currently holding the stake of 41%.
After getting the general information of the IPO, it is the right time to dive in more to get the information on the Rolex Rings IPO Date in detail.
Let’s delve in then!!
Rolex Rings IPO Date Details
It is also important to note that the investors can quickly go with the minimum bidding of 16 equity shares and after that the multiples of 16 equity shares.
The strong fundamentals of the company and high value of the Rolex Rings IPO GMP have drawn the attention of many investors and hence one must keep an eye on important dates of the IPO.
The different dates that are to be checked before applying for the IPO are as mentioned below:
- An issue date or release date on which the IPO will get opened along with the closing date.
- An allotment date on which the shares are allotted to the investor.
- The listing date on which the shares of the company will get listed with the stock exchanges, here NSE and BSE is concerned.
Therefore, to check the dates mentioned above, let’s check the following segments one after another.
Rolex Rings IPO Release Date
The first is the release or issue date. It showcases the date on which the IPO will be opened and the date when it gets closed. So, it is time to refer to the following table for the same.
Rolex Rings IPO Issue Date | |
Opening Date | July 28, 2021 |
Closing Date | July 30, 2021 |
Rolex Rings IPO Allotement Date
After the release date, it is the right time to jump onto the allotment date. After applying for the same, you might be looking for an IPO allotment. Isn’t it? If yes, then it is essential to note down the allotment date. The same is mentioned in the following table.
Rolex Rings IPO Allotment Date | |
Allotment Date | August 4th, 2021 |
Refund of Amount | August 5th, 2021 |
Credit of Shares | August 6th, 2021 |
Moreover, if you didn’t get the opportunity to purchase the shares, the amount will be get refunded on August 5th, 2021. At last, the shares will be credited or transferred to your Demat account on August 6th, 2021.
After applying for the IPO, if you get lucky, then on August 4th, 2021, you will get to know about the name on the list.
Rolex Rings IPO Listing Date
What if the IPO didn’t allot to you? For that, there is no need to fret as you can buy the shares when the company gets listed in NSE and BSE.
Note the date, August 9th, 2021. It is the date when the company will get listed, and the shares will be available to purchase from the desired or preferred stock exchange, i.e., BSE or NSE.
After checking out the information on the date, you might be looking for how to apply for the IPO. Isn’t it? If yes, then let’s dive into the next segment.
Rolex Rings IPO Apply
After checking out all the information on the Rolex Rings IPO Date, it is time to apply for the IPO.
To apply for the Rolex Rings IPO, it is important to have a Demat account with any of the listed depository participants or stockbrokers.
After opening an account, an investor can apply for the IPO with either of the following steps:
- Online procedure
- Offline Procedure
The ASBA is a procedure in which the amount gets blocked from the bank account and if the shares are allotted to the investor, the amount will get debited.
In case an investor does not get the allotment, at that time, the amount will be unblocked from the bank account.
Now, let’s jump onto the procedure right away. Login to the e-banking portal to apply for the IPO through ASBA.
Click on ASBA and then select Rolex Rings IPO. Afterward, it is the time to enter the number of shares and the selected bidding amount for the IPO.
Apart from the ASBA method, an investor can also easily apply for the IPO with the UPI that is another mode of payment and the amount will be blocked in the bank account.
Other than the online method there comes the offline method. Just download the form, fill it and submit it along with the completed cheque along the amount mentioned that will be blocked after the submission temporarily.
Rolex Rings IPO is Good or Bad?
For applying in the IPO, after getting the full fleg]dged knowledge of Rolex Rings IPO Date, it is time to understand whether applying for the IPO is worth it or not.
For that, at first, let’s check the financials of the firm, i.e. Rolex Rings. The following table showcases the same and hence it is the time to dive in.
Rolex Rings Company Information | |||
Particulars | FY 2021 (in million) | FY2020 (in million) | FY2019 (in million) |
Equity Share capital | 239.81 | 239.81 | 239.81 |
Net Worth | 3,567.33 | 2,681.05 | 2,153.44 |
Operational Revenue | 6,163.32 | 6,659.94 | 9,043.23 |
Total Assets | 7,969.24 | 6,861.73 | 7,822.57 |
Total Income | 6,197.57 | 6,753.32 | 9,112.54 |
Total Expenses | 5,445.72 | 6,032.49 | 7,706.94 |
P/L after Tax | 869.55 | 529.41 | 590.41 |
After all the information set in the table, it can be derived that the company is performing well and had gained more in profits, total equity, net worth.
Hence it can be said to have more, by researching more!!
For getting more chances to get the allotment, open the Demat account today by filling in the following registration form.
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