Check if Rolex Rings shares have been allotted to your account

• The grey market premium on Rolex Rings' shares had fallen from near ₹1,450 before the IPO to a little over ₹1,300 a share now.
• The stock will list on BSE and NSE tomorrow (August 9).
• The auto components maker, which is currently under a debt restructuring programme, got tremendous response for its IPO from retail and institutional investors.
• Check out the latest news and updates only on $4.

The shares of Rolex Rings will list on the stock exchanges, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 9 after ₹731 crore initial public offering (IPO).

Here is how you can check Rolex Rings IPO allotment status :

• Go to the $4 or NSE website$4.
• On BSE, Select 'Equity' and then from the dropdown, select 'Rolex Rings‘.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website $4.
• Click on 'Select company' and click on ‘Glenmark Life Sciences ’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Rolex Rings makes components that go into automobiles. The company is under a corporate debt restructuring (CDR) cell as it was unable to pay its debt on time to banks and financial institutions. You can read the details of the company's financial health $4.

However, institutional investors subscribed for 143.5 times the number of shares allotted for the category during the IPO.

Category of investors	IPO subscription (compared to shares offered)
Institutional	143.5 times
Non-institutional	360.11 times
Retail	24.49 times

The grey market premium (GMP) on Rolex Rings' shares had reduced to a little over ₹1,300 a share compared to the near ₹1,450, which was the prevailing price before the IPO, according to reports. Grey market premium, typically, affects the price at which the shares are likely to list.

SEE ALSO:
CarTrade raises Rs 900 crore from anchor investors ahead of its IPO, issue opens on Monday
$4
What if Vodafone Idea dies?
Neeraj Chopra — the ‘SpearMan’ of India