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Is Rolex Rings good for long term investment?

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Is Rolex Rings good for long term investment?

Therefore, investors can consider holding this for medium to long term,” said Likhita Chepa, Senior Research Analyst at CapitalVia Global Research. Rolex Rings raised Rs 731 crore from investors, through its IPO that comprised a fresh issue of Rs 56 crore and the rest Rs 675 crore by selling shareholders.

Is Rolex Rings IPO good?

Majority of brokerage houses had recommended a subscribe rating for Rolex Rings IPO. “At the upper band of IPO price of Rs 900, it is valued at a P/E multiple of 35 (on recalculated EPS excluding the Rs 25 crore deferred tax credit) which is lower than the industry average of 83,” said KRChoksey Research.

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How do you identify future multibagger stocks?

How to identify multibagger stocks?

  1. 1) Strong and capable management: A business cannot succeed without a management team that is capable as well as strong.
  2. 2) Competitive advantage: It’s perhaps one of the best ways to identify multibagger stocks.

Are Rolex Rings allotment out?

Rolex Rings IPO share allotment has been finalized today. The bidders can check their share allotment status online by logging in at the BSE website here or at the official registrar’s website Link Intime India Private Ltd here.

How do I get Rolex IPO rings?

Here is step by step guide:

  1. Login at the direct BSE link — bseindia.com/investors/appli_check.aspx;
  2. Enter Rolex Rings IPO name in the issue name;
  3. Enter your Rolex Rings IPO application number;
  4. Enter PAN details;

What is the GMP of Rolex ring?

Market observers maintained that during subscription period, Rolex Rings IPO GMP continuously oscillated around ₹525 to ₹550 but after the closure of the public issue, it has consistently remained above ₹400.

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How can you tell a Rolex allotment?

How to check Rolex Rings IPO Share Allotment on Link Intime India Registrar website:

  1. In the dropdown, type the company name .
  2. After this enter PAN number, application number or depository/client ID in the box.
  3. Then enter the captcha and click on the search button.
  4. Then you will know your status.

How many times can you subscribe to a Rolex ring?

Rolex Rings IPO subscribed 130.44 times. The public issue subscribed 24.49 times in the retail category, 143.58 times in QIB, and 360.11 times in the NII category by Jul 30, 2021.