Rolex Rings’ IPO oversubscribed

Tribune Web Desk

Updated At : 01:01 PM Jul 31, 2021 IST

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New Delhi, July 30

Mirroring massive investor response, auto components maker Rolex Rings IPO was subscribed 130.44 times on the last day of subscription today.

The qualified institutional buyers category was subscribed 143.58 times, non-institutional investors 360.11 times, and retail individual investors 24.49 times. The IPO comprised a fresh issue of up to Rs 56 crore and an offer for the sale of up to 75 lakh equity shares. — PTI

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