Glenmark Life Sciences and Rolex Rings IPO: Know the GMPs and allotment status

Glenmark Life Sciences is quoting at a premium of Rs 90 over its issue price of Rs 720 while Rolex Rings is commanding a GMP of Rs 470 per share

  • Money9
  • Publish Date - August 2, 2021 / 02:47 PM IST
Glenmark Life Sciences and Rolex Rings IPO: Know the GMPs and allotment status
Glenmark Life Sciences will make its market debut on August 6. While Rolex Rings will list on the bourses on August 9.

Four IPOs will hit the street later this week to raise Rs 3,600 crore. While investors are confused about which IPO to apply for and which to give a miss. Many are also eagerly waiting to know if they are allotted any shares in Glenmark Life Sciences and Rolex Rings IPOs, if not they can try their luck in the upcoming IPOs.

Both Glenmark Life Sciences and Rolex Rings IPOs garnered tremendous responses from investors. As Rolex Rings got subscribed more than 130 times of its offer Glenmark Life Sciences IPO got subscribed more than 44 times of its offer.

Grey market

According to Abhay Doshi, founder of Unlisted Arena the grey market premium for Glenmark Life Science stood at Rs 90 per share or 12.5% over its issue price of Rs 720. The premium has however fallen from Rs 135-140 while the subscription was on.

Similarly, the premium of Rolex Rings is hovering at Rs 470 in the grey market which was quoting at Rs 525-550 per share over its issue price of Rs 900.

Allotment status

While Glenmark Life Sciences is likely to make its debut on the stock exchange on August 6 and the basis of allotment by August 3, and the initialization of refunds will take place by August 4. You can check the allotment status for Glenmark Life Sciences in any of the following ways:

Registrar’s website

Go to the website of the IPO registrar, KFintech website or click here

Click at either of the Link 1, 2, 3 or 4;

Select Glenmark Life Sciences IPO;

Select Application type;

Enter application number;

Enter Captcha; and

Click at ‘Submit’ option.

Check IPO allotment through BSE website

Go to BSEIndia.com or click

Click on investors > Status of Issue Application > Application Status Check

Select issue type (equity) and Issue Name (Glenmark Life Sciences).

Enter the application number and PAN Number.

Click on the search button to know the IPO allotment status.

On the other hand, Rolex Rings is slated to make its market debut on August 9 whereas the basis of allotment by August 4, and the initialization of refunds will take place by August 5. You can check the allotment status for Glenmark Life Sciences in any of the following ways:

Registrar’s website

Go to the website of the IPO registrar, Link Intime India or click here

Select IPO (Rolex Rings)

Then, select one of the options: In case you select the application number, choose NON-ASBA or ASBA and enter the application number.

In case of DPID/Client ID, select NSDL/CDSL and enter DPID.

In case of PAN, enter the PAN Number.

Enter the captcha

Click on the Submit button to know the IPO share allocation status.

Check IPO allotment through BSE website

Go to BSEIndia.com or click

Click on investors > Status of Issue Application > Application Status Check

Select issue type (equity) and Issue Name (Rolex Rings).

Enter the application number and PAN Number.

Click on the search button to know the IPO allotment status.

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