Rolex Rings IPO GMP

As you all know, it’s tipping down IPO’s. Here comes another IPO of Rolex Rings. Curious to invest in this IPO? But wait, it’s important to know more about the IPO including its GMP. So, let’s dive into the details of Rolex Rings IPO GMP.

The Rolex Ring has been bought in public by a Gujarati Businessman. The scintillating forged and machined parts makers having operating revenue over Rs. 50 crore and now the company is looking ahead towards more growth and is thus set for the public offering. 

With an Issue Price of Issue Price ₹806 Crores, the IPO will be open for application with the price band of ₹880-₹900 on July 28, 2021. 

Let’s delve into the detail of how the issue is in demand in the grey market by considering Rolex Rings IPO GMP data.

Rolex Rings GMP Today

Many investors still remain confused about what GMP is and how it actually works. 

So, let’s make it easy with an easy example before grabbing the detail of the Rolex Rings IPO GMP.

Suppose Preeti and Hardeep went to a painting exhibition. Preeti liked one painting worth ₹5000 and booked it by paying an amount of ₹1000. 

Later Hardeep saw the same painting and liked it too but as it was already booked by Preeti so she could not buy it directly. 

Now she went to Preeti and offer her ₹1000 extra i.e. ₹6000 for the painting. 

Preeti agreed and hence committed to delivering her the painting as soon as she will get it. 

Simple. Right?

Now when such things happen in the IPO market it is something called Grey Market Premium, where the keen investors show their willingness to invest in particular shares of the company going to be listed and hence agree to pay more.

So, the higher the GMP, the more the demand and hence the higher the chances of the high listing price.

IPO Grey Market Premium affects the performance of any IPO to a great extent. Rolex Rings IPO GMP has been set to Rs.550 on 26 July 2021. 

Keep checking the GMP details by checking the table below:

 

After getting an idea of the Rolex Rings IPO GMP, now let’s dive into the detail of how to apply for IPO.

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Rolex Rings IPO Apply

Applying for Rolex Rings IPO demands three primary requirements:

• PAN Card
• Bank Account
• Demat Account

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So, if you are not having a Demat account, then open it now for FREE!

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Once you open a Demat account with the renowned stockbroker, just log in to the app and apply for the IPO via ASBA by following few simple steps: 

• Click on the “IPO” section
• Find for Rolex Rings and select Rolex Rings IPO
• You can review the details of the IPO and then place a bid on the IPO. 
• Enter the bid price and the market lot. 
• Select the payment mode (UPI or Net banking). 
• Click on Submit.

The amount invested for the bid gets blocked in your bank account. 

Other than this you can also apply offline, by visiting the nearest branch of any bank or stockbroker. 

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Rolex Rings IPO is Good or Bad

Let’s be honest against this IPO. Apart from the Rolex Rings IPO GMP and the Issue details, it is good to get into the details of the financials and other factors before making an investment decision. 

While applying for the Rolex  Rings IPO there are few parameters that need to be kept in mind.

1. Strength of company
2. History of the company.
3. Risks of company
4. Past financial record.

Rolex Rings reported a profit of 6,163.32 million for FY2021 as compared to 2,681.05 million in FY2020.

Overall, Rolex Rings is a profit-making firm as its net worth has experienced a gradual increase from 2,681 million in FY2020 to 3,567 million in FY2021.

The complete data details are shown in the table below:

So, if you are looking forward to a better return then apply for the IPO by opening your Demat account for FREE! Seeing the data above and Rolex Rings IPO GMP, it could be a good investment decision. Rest do your own analysis and make a wise investment decision. 

Just fill in the basic details in the form below and open your Demat Account for FREE!

 

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