The Rolex Rings IPO listing price made waves in the market in mid-2021. Launched between July 28 and July 30, 2021, Rolex Rings offered a price band between ₹880 and ₹900 per share and aimed to raise ₹731 crores. With an initial listing price of ₹1,250 on the NSE and ₹1,249 on the BSE, the IPO debuted with a 39% premium over the issue price, reflecting strong investor demand. Here’s a comprehensive breakdown of the Rolex Rings IPO details, subscription status, and key aspects that made it a success.
Rolex Rings Ltd: An Industry Leader with Global Reach
Rolex Rings Ltd is a renowned player in the forging industry, particularly known for manufacturing bearing rings used in automotive and industrial machinery. Founded in 2003 and headquartered in Rajkot, Gujarat, Rolex Rings Ltd has made its mark both domestically and internationally, exporting to over 17 countries like the USA and Germany.
Rolex Rings IPO Details
The Rolex Rings IPO details provide valuable insight for potential investors. Here’s a summary:
- Opening Date: July 28, 2021
- Closing Date: July 30, 2021
- Total Issue Size: ₹731 crores
- Fresh Issue: ₹56 crores
- Offer for Sale: ₹675 crores
- Price Band: ₹880 – ₹900 per share
- Face Value: ₹10 per equity share
- Minimum Order Quantity: 16 shares
These Rolex Rings IPO details highlight the structure and scope of the offering, making it clear why it attracted strong investor interest.
Rolex Rings IPO Subscription Status
The Rolex Rings IPO subscription status was remarkable, with a total subscription of 130.44 times, showing investor confidence and high demand:
- Qualified Institutional Buyers (QIB): 143.5 times subscription
- Non-Institutional Investors: 360 times subscription
- Retail Investors: 24.5 times subscription
The impressive Rolex Rings IPO subscription status reflects the high regard investors have for the company, which translates to strong market confidence.
Rolex Rings IPO Allotment Date and Key Timelines
Investors were eager to know the Rolex Rings IPO allotment date and the timeline following the IPO closure. Here’s a breakdown of all important dates:
| Activity | Date |
|---|---|
| Allotment Date | August 4, 2021 |
| Refunds Initiation | August 5, 2021 |
| Credit of Shares to Demat | August 6, 2021 |
| Listing Date | August 9, 2021 |
The Rolex Rings IPO allotment date allowed successful applicants to see their shares credited by August 6, while the stock listed officially on August 9.
Rolex Rings IPO Listing Price and Day 1 Performance
The Rolex Rings IPO listing price started at a premium, underscoring the positive outlook investors held:
- NSE Listing Price: ₹1,250 (a 39% premium over the issue price)
- BSE Listing Price: ₹1,249
- Day’s High: ₹1,263
- Day’s Closing Price (NSE): ₹1,170
The Rolex Rings IPO listing price surged, highlighting a strong debut, though it closed slightly lower by the end of the trading day.
Rolex Rings IPO GMP Price: Grey Market Sentiment
The Rolex Rings IPO GMP price (Grey Market Premium) ahead of the listing signaled robust investor sentiment. While exact Rolex Rings IPO GMP price figures varied, the market’s positive outlook indicated a strong demand for this IPO, contributing to its successful listing.
Why Rolex Rings IPO Became a Success
The Rolex Rings IPO was noteworthy for several reasons:
- Strong Industry Position: Rolex Rings Ltd’s established presence in the forging industry and global reach bolstered investor confidence.
- Robust Subscription: The Rolex Rings IPO subscription status at 130.44 times highlighted demand.
- Premium Listing Price: A listing premium of approximately 39% demonstrated a successful debut.
Rolex Rings Ltd’s performance in the market shows why understanding Rolex Rings IPO details is crucial for making informed investment decisions.
Open Your Demat Account and Start Investing with Confidence
Interested in IPOs like Rolex Rings? Click below to open your demat account with GRM Bulls, and take the first step toward a successful investment journey.
Want to Learn How to Analyze IPOs Like This?
For deeper insights and to master IPO analysis, explore our expert-led courses at GRM IIT. Watch our free tutorials on YouTube or get a structured learning experience at our website. Don’t miss the chance to gain critical skills and avoid costly mistakes—GRM IIT is here to help you succeed in the stock market.