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Day 1: Rolex Rings’ IPO oversubscribed

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New Delhi, July 28

Auto components maker Rolex Rings initial public offer was fully subscribed within hours of opening on Wednesday and closed the trade with 3.84 times subscription.

The IPO received bids for 2,18,37,552 shares against 56,85,556 on offer, translating into 3.84 times subscription, as per data available with the NSE. The non-institutional investors’ category was subscribed 1.34 times while retail category was subscribed 7.11 times. — PTI

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