Rolex Rings IPO

Clearly, you are interested in this upcoming Rolex Rings IPO, and that’s the reason you have landed on this page.  Well, don’t you worry, today in this article you’ll get to know all about that brand new listing and will be able to make a call whether to invest or not. 

Before diving into the details of the IPO, let’s learn a little about the company.

Coming to Rolex Rings, this Rajkot-based organization has decided to step into the stock market space by announcing the IPO recently with the objective to use the fundings towards the long-term capital requirements along with the corporate functions. 

Now let’s see some of the company’s numbers to get the transparency of how reliable and sustainable the company is. 

The organization has been active for 40 years and is still growing by offering new machinery and other components to its customers. Over the years the company has gained loyal customers with the motive to never compromise on the quality they deliver. 

For the FY2020, Rolex Rings recorded a profit of ₹52.94 cr with the revenue of ₹666 crores which is comparatively low as compared to FY2019 which was ₹904.32 cr with the profit of ₹59.04 cr. 

Now that we see both profit and revenue has reduced in the year 2020, comes the point where you can look at the company’s income statement regularly to understand their expenses. 

Rolex Rings IPO Review

Every IPO comes up with a hidden treasure and so does the Rolex Rings IPO. But what information one must be aware of before planning for the IPO investment.

Knowing the important dates and the price of the IPO helps you to secure your funds for investment and helps you in filing an application at the earliest.

Well getting the IPO allotment is all depends upon your luck but still being the earliest bird might increase your chance to get your application allotted.

Opening on 28th July 2021, the company is coming up with the IPO of ₹731 Crore.

Of the total issue price, the fresh issue comprises only ₹56 crores while the rest of the issue is the Offer for Sale worth ₹675 crores by Riverdell PE which is currently holding a stake of 41% in the company.

Let’s delve into more details to grab more information of this upcoming public offering.

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Rolex Rings IPO Date

Well to give a pause to your curiosity, the Rolex Rings IPO is expected to open on 28 July 2021  for a subscription while the closing date would be 30 July 2021.  Other than that you may refer to the following table to get the dates in detail. 

 

So you wouldn’t want to miss this opportunity to book your profits. Oh well, now that we have come to booking, you definitely should know the price of the Rolex Rings IPO. Here we go.

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Rolex Rings IPO Price

Keeping it short, the price band mentioned by the company is ₹880 to ₹900. However, the IPO price includes many more parameters such as the issue price and the offer for sale. 

So, the issue price generally refers to the price at which the company is selling or prepared to sell its shares to the investors when they first become available for the public. And in the case of Rolex Rings, this price is ₹806 cr. 

With that comes the Fresh Issue term,  which in simple language means the issuance of new equity shares in the organization, basically selling these shares to the investors via an IPO. 

Rolex’s fresh issue is worth ₹56 crores.  On the other hand, the offer for sale is ₹750 cr by Riverdell PE (holding 41% of shares); meaning the promoters of the company are withdrawing their holdings in the company transparently. 

Here one needs to keep in mind that, when it comes to the Rolex Rings Market Lot, the minimum lot size is defined as 16 shares, with the minimum amount of ₹14400  while the maximum lot size would be 208 shares worth ₹187200.

This again creates a doubt in the minds of investors whether they can expect good profits from the IPO or not. So, let’s clear this doubt with the  Rolex Rings IPO GMP.

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Rolex Rings IPO GMP

Remember Kachra Seth from “Phir Hera Pheri”? 

When Raju offers him a certain amount for Shyam’s brand new shoes, say ₹3000. But then small negotiation happens and the Kachra Seth offers him his best deal ₹150 to which Raju agrees as he was wise to understand that something is better than nothing. 

 

 

Similar is the case of GMP. When an investor is adamant to get the slot in an IPO, he agrees to pay more than the issue price, basically offering the best deal per share. 

This GMP amount keeps changing on a daily basis as per the new applications by the investors as the opening price is then decided based on how much the investors are willing to pay for this IPO. For the same, you may refer to the table below. 

So clearly you can see the current GMP of Rolex Rings IPO, which is ₹550.

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Rolex Rings IPO Apply

The process to apply for any IPO remains the same. There are just two methods through which you can apply for any IPO  which are,

• Online 
• Offline

The first and most common method is through ASBA.

How to Apply for Rolex Rings IPO through ASBA?

ASBA is nothing but the APplication Supported By the Blocked Amount. As the full form suggests. When you apply for an IPO through ASBA, a certain amount is blocked in your account, which would be deducted only when you get the allotment, otherwise, the amount will be refunded. 

This process has made applying for IPO a piece of cake. 

• Login to your trading platform.
• Go to IPO, in which you’ll find the list of upcoming IPOs.
• Select Rolex Rings
• You will be redirected to the IPO application
• Enter the details, lot size, bid price, etc., and finally maximize your chances of getting an allotment.

Isn’t that easy! Not just that, there is yet another online method you can use to apply for an IPO. using UPI.

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How to apply for Rolex Rings IPO through UPI

Just to be clear, UPI isn’t an actual method to apply for an IPO, instead of a secured payment method for it. 

So here’s how you can apply for Rolex Rings IPO via UPI:

• All you need is to download and install BHIM-UPI on your phone.
• Set up the application, mentioning preferred language.
• Do mention your phone number linked with your active bank account.
• Create MPIN (Mobile banking Personal Identification Number) for payment security and ease the entire process of payment while trading.
• Finally, you are registered.

Also, many who aren’t comfortable using online methods can opt for the offline method and you can directly download the application form here.

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Is Rolex Rings IPO Good or Bad?

Now that we have finally understood the details of the Rolex Rings IPO, here comes the final question, Is the Rolex Rings IPO good or bad?

The table below will clear your doubts. 

 

Here you can see that Rolex Rings have recorded year on year profits, with its net worth improving from ₹ 2153.44 million in FY 2019 to ₹3567.33 million in the FY2021.

So yes, talking about numbers, you can definitely say that the company is growing and becoming fundamentally stronger every year. And thus can be said that Rolex Rings is reliable and sustainable, hence investing in its IPO can be a good option.

And yet do not forget to do your homework and analyze your financial targets and budgets.  While for more such information you may visit A Digital Blogger.

Till then Happy investing!

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