Rolex Rings IPO opens with a bang, fully subscribed on Day 1

Gujarat-based Rolex Rings, which is among the top five forging companies in India, is going to launch its IPO on Wednesday. Here are all the details:

• IPO date: July 28 to 30
• Listing date: August 9
• Price band Rs 880-900/share
• Lot size: 16 shares
• Lot price: Rs 14,400 (cut-off)
• Issue size: Rs 730 crore
• GMP: Rs 450 (50% on upper band)

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Rolex Rings is among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe.