Rolex Rings IPO Price

As the list of the IPOs is increasing, hence the new names or companies are coming forward to enter into the share market. Likewise, here comes another IPO of Rolex Rings. So, to apply for the IPO, the important parameter is the price, and hence we will discuss the informative piece over the Rolex Rings IPO Price.

The objective of the IPO is to use the fresh issue for the long-term capital requirement funding as well as for corporate purposes.

Also, it is essential to note that the IPO is coming from July 28th, 2021, to July 30th, 2021, which allows the investors to bid for at least three days.

The company has decided to raise the value of ₹731 crores from the public offering.

After getting a brief introduction of the Rolex Rings IPO, let’s get a quick tour of the Rolex Rings IPO Price.

Let’s start then!!

Rolex Rings IPO Issue Price

At first, let’s start the Rolex Rings IPO Price by checking the issue price of the IPO. Here, at first, it is right to check the fresh issue and OFS of the IPO, i.e., Offer for Sale. 

To know the information on the above mentioned, let’s dive into the following table.

 

It can be seen from the above table that the issue price of the IPO is ₹731 Crores, where the Fresh Issue is ₹56 Crores. The OFS of the IPO is ₹675 crores by Riverdell PE that was holding 41% shares.

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Rolex Rings IPO Price Band

After the issue price, it is time to shed some light on the Rolex Rings IPO Price Band. It covers the price band along with the market lot and the minimum number of shares the investors can buy.

For more information, let’s check the following table of Rolex Rings IPO Price Band.

 

Here, one thing that is to be notified is that an investor can buy a minimum of 16 equity shares under the price band of ₹880-₹900.

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Rolex Rings IPO GMP

If talking about the main parameter, then it is the IPO Grey Market Premium. It showcases the popularity of the IPO among the people and whether the IPO is worth the price or not.

In short, the GMP is the extra payment that the investors are ready to pay to get the allotment of the IPO. So, if you are getting curious to know about the data, then it is time to check the following table. 

 

It can be seen from the above table that the GMP of the Rolex Rings IPO has been increasing from July 22nd, 2021 to July 26th, 2021, i.e., ₹250 to ₹550, respectively.

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Rolex Rings IPO Apply

After looking at the Rolex Rings IPO Price details, if you have me=ade the mind for applying for the IPO, then here are two various steps through which you can easily and quickly apply for the IPO. These methods are:

• Online procedure
• Offline procedure

The first one in the online procedure comes to the ASBA method in which the amount gets blocked in the bank account, and if in case the investor does not get the allotment, the amount gets released or unblocked.

Before jumping onto another second procedure of online method, let’s get a quick sneak peek at how to apply through ASBA for the IPO.

The very first step is to login into the e-banking portal and then click on ASBA and look for the Rolex Rings IPO from the list.

Now enter the number of shares along with the bidding amount for the Rolex Rings IPO. After applying for the same, the amount will get blocked from the bank account.

Other than the ASBA method, UPI is another mode of payment through which an investor can apply for an IPO.

Apart from the online method, there comes another option for the investors, i.e., the offline method. Download the form, fill it, and then submit it with the cheque with the amount mentioned, which will be blocked afterward from the bank account.

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Rolex Rings IPO is Good or Bad?

If you want to come to a conclusion, then it is the right time to compare the financial statement of the company, i.e., Rolex Rings. For that, one can go through the following table for reference.

It can be seen that Rolex Rings is offering the financials where an investor can compare and check the increase in the net worth, total assets, total equity, and total profit after the tax.

After checking out the finances of the company, now if you have made the mind of applying for the Rolex Rings IPO, then it is high time to open a demat account. Just fill in the following registration form and submit it to go start the procedure.

 

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