Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Rolex Rings initial public offer, which got oversubscribed by 130.44 times on the last day of the bidding process on July 30, is likely to finalise the share allotment on August 5. At present, Rolex Rings is trading at a premium of more than 50% against the upper price band of Rs 900 fixed by the company.
The Rs 731-crore IPO received bids for 74,16,00,096 shares against 56,85,556 shares on offer, as per data available with NSE. The quota reserved for qualified institutional buyers got subscribed 143.58 times, non-institutional investors 360.11 times, and retail individual investors (RIIs) 24.49 times.
Abhay Doshi, Founder, Unlisted Arena told Money9.com that the grey market premium of Rolex Rings is hovering at around Rs 470 and the company is likely to finalise its share allotment later in the day.
Rolex Rings is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways, amongst other segments.
They supply domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies, tier-I suppliers to global auto companies and some auto OEMs. Shares of the company are likely to list on bourses on August 10.
Market participants are now looking forward to the share allotment status. Investors can check their allotment status by using any one of the below two methods:
Registrar’s website
Go to the website of the IPO registrar, Link Intime India or click on https://linkintime.co.in/IPO/public-issues.html
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.