₹731 crore IPO of Rolex Rings opens today: Key factors to know

Initial Public Offering

The three-day IPO will close on July 30. The offers can be made in at least 16 offers and afterward in the products of the same number. 

The first sale of stock (IPO) of auto parts creator Rolex Rings Limited will open on Wednesday. The three-day IPO will finish up on July 30. The organization said it has fixed a value band of ₹880-900 an offer for its ₹731-crore introductory offer deal. 

The IPO of Rolex Rings contains a new issue of offers worth ₹56 crores and a proposal to purchase up to 75 lakh value stocks by Rivendell PE LLC (previously known as NSR-PE Mauritius LLC). 

Continues from the new issue would be utilized towards subsidizing long haul working capital necessities just as broad corporate purposes. 

The offers can be made in at least 16 offers and afterward in the products of the same number. Equirus Capital Private Limited, IDBI Capital Markets and Securities Limited, and JM Financial Limited are the book running lead chiefs to the issue. 

The offering for anchor investors was opened on July 27. The organization said it gathered somewhat over ₹219 crore from these investors on Tuesday.

 

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