Rolex Rings Share Price Today: Rolex Rings Share Price Make a Solid Market Debut
- Rolex Rings IPO was bought in 130.44 occasions on its last day of the offering
- The organization's IPO value band was fixed at ₹880-900 for each offer
Auto segments creator Rolex Rings made its financial
exchange debut on Monday with its offers posting at ₹1,250 per share on the
NSE, flooding almost 39% premium over its issue cost of ₹900 per share. On BSE,
the stock was exchanging at ₹1,252 per share.
Rolex Rings introductory public offer (IPO), that had opened
for membership on July 28 and shut on July 30, was bought in 130.44 occasions
on its last day of the offering. The organization's value band was fixed at
₹880-900 for every offer.
The issue included a new issue of up to ₹56 crore and a
proposal available to be purchased (OFS) of up to 75 lakh value shares.
The ₹731-crore IPO got offers for 74,16,00,096 offers
against 56,85,556 offers on offer. The certified institutional purchasers
(QIBs) classification was bought in 143.58 occasions, non-institutional
financial backers 360.11 occasions, and retail individual financial backers
(RIIs) 24.49 occasions. It had accumulated around ₹219 crore from anchor
financial backers in front of its IPO.
Numerous businesses had prescribed Subscribe rating to the
issue as the organization is one of the main producing makers with a
geologically enhanced income base and is accessible at sensible valuation when
contrasted with its companions.
Rolex Rings, situated in Gujarat, is one of the best five producing organizations in India as far as introduced limit and a maker and worldwide provider of hot moved fashioned and machined bearing rings, and car segments. It supplies bearing rings and car segments to more than 60 clients in 17 nations fundamentally situated in India, USA, and Thailand and European nations.
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