Last heard the unlisted stock was commanding a grey market premium of Rs 530-540 over the IPO price band of Rs 880-900. It suggests a potential stock listing at Rs 1,440, up 60 per cent over the higher end of the price band.
The IPO by the auto components maker closed on Friday, getting subscribed a whopping 130.44 times. The issue received bids for 74,16,00,096 shares compared with 56,85,556 shares on offer. The quota for qualified institutional buyers (QIBs) was subscribed 143.58 times. The non-institutional investor category received 360.11 times subscription and the quota reserved for retail individual investors (RIIs) was subscribed 24.49 times.
The issue consisted of a fresh issue of up to Rs 56 crore and an offer for the sale of up to 75 lakh equity shares.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
1) Visit
https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Rolex Rings Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’ and hit submit.
You can also check the allotment status on the online portal of Link Intime India
Private Limited (
https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such, which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading refunds, and attending to all investor-related queries after the issue is completed.
1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit.
Bidders who could not get allotment in the IPO may see the initialisation of refunds on Thursday. Others who would be allotted shares may see the credit of shares in the demat account by Friday. The listing of the IPO is likely to happen on Monday next week.
At FY21 adjusted EPS of Rs 31.93 on the post-issue basis, the stock may command a PE of 28.19 at the issue price. It would command a market cap of Rs 2,451 crore at the issue price.
