Rolex Rings IPO subscription to start from 28 July 2021, Wednesday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. Rolex Rings is one of the top forging companies in India based in Rajkot, Gujarat. They are one of the top automotive components manufacturers. The financial results shows a good numbers as the revenues stable and the PAT is on a good side. The EPS stood at 35.96 in 2020-2021. The Rolex Rings price band is fixed at ₹880 to ₹900 Per Share with face value of ₹10 Per Equity Share. The minimum bid is for 16 Shares (₹14,400) and maximum bid is 208 shares (187,200). Rolex Rings IPO to raise ₹731 Crores via initial public offer. Please check the Rolex Rings IPO
details over here.
We recommend investors to apply this IPO with short term and long term gain. The IPO Subscription is started!
The Rolex Rings IPO subscribed 130.43x on day 3 till 5:00 PM. The subscription comprises Qualified Institutional Buyer (QIB) 143.58x, (Non-institutional Bidders) NII 359.99x and Retail 24.48x.