Rolex Ring manufacturers and supplies hot rolled forged and machine bearing rings. and automotive components for segments of vehicles.
ROLEX RINGS has weak financial but can give good listing gains, but doesn’t look good for the long term, Avaneesh Parasar said
Rolex Rings Limited ₹731 crores initial public offer (IPO) opened for subscription today and will close on Friday i.e., July 30. The price band for the initial share sale is fixed at ₹880–900 per share. The issue will comprise a fresh issue of ₹56 crores and an offer-for-sale (OFS) of up to 75 lakh equity shares by Rivendell PE LLC (formerly known as NSR-PE Mauritius LLC).
As of 2 pm on the first day of the bidding, the retail portion witnessed strong demand as it has been subscribed at 4.60 times whereas the non-institutional investor's category was booked 0.64 times. Qualified institutional buyers are yet to bid. Overall, the Rolex Rings issue has been subscribed 2.47 times, BSE data showed.
