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 Business Insider.

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 BSE website or NSE website here.
• 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 here.
• 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 here.

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.

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