Rolex Rings IPO Subscription status – Retail investors subscribe 7.40 times in 2 days; ONE DAY LEFT – Know about allotment date, allotment status check, listing date

The Initial Public Offering (IPO) of Rolex Rings Limited is ongoing and there is one last opportunity to subscribe it on Friday, the last day of this issue. Want to know what has been the response from the Retail Individual Investors (RIIs), non-institutional investors and Qualified Institutional Buyers (QIBs)? Here is the latest update over the two-day period.  

Rolex Rings IPO shares have been subscribed 4.23 times over the two-day period. The RIIs have subscribed the issue 7.40 times at over 21.03 million share bids on 2.84 million shares offered. The non-institutional investors have subscribed the shares 2.20 times.  

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Meanwhile, the QIBs, have subscribe 0.20 times till now which means that 321,008 bids have been placed for 16,24,444 shares available for this segment. The information has been sourced from NSE. 

While there is one more day left for subscription and it is expected that the RIIs participation will likely go up, the allotment of shares to every investor is unlikely.  

Those who have subscribed this issue can check the allotment status by doing this: The investors can check the allotment status either through the BSE direct online link or through Link Intime India Pvt Ltd, who is the registrar for this public issue. The direct link is https://linkintime.co.in/MIPO/Ipoallotment.html 

Rolex Rings IPO - Check the allotment status on the website of BSE  

Step 1: Visit the link: bseindia.com/investors/appli_check.aspx on BSE official website.      

Step 2:  In the dropdown menu select 'Equity' for issue type      

Step 3: Now, select the name of the IPO, which is 'Rolex Rings Limited' in this case      

Step 4: Here, you will be asked to verify application number & PAN number      

Step 5: Hit search button and you are good to go. You can see your IPO allotment on the screen      

Steps to check Rolex Rings IPO allotment via Link Intime   

Step1: Visit Link Intime India Private Limited IPO allotment link: https://linkintime.co.in/MIPO/Ipoallotment.html    

Step 2: Again, select IPO Name- 'Rolex Rings Limited'       

Step 3: Here, fill in details such as PAN number, application number or DP ID       

Step 4: Now, click on 'Search' Button. You can now see your Rolex Rings IPO Allotment on the screen. 

 Rolex Rings IPO – Complete Timeline 

  The tentative timeline is as follows and as per the information on Edelweiss App:   

•             The Rolex Rings IPO ends on 30 July   

•             The allotment of shares is likely to be completed by 5 August   

•             Initiation of refunds likely to start from 6 August   

•             Transfer of shares to demat accounts likely on 9 August   

•             Listing likely on 10 August.