Rolex Rings IPO fully subscribed within hours of opening
The Hindu
Auto components maker Rolex Rings initial public offer was fully subscribed within hours of opening on Wednesday. The IPO received bids for 63,47,712 shares against 56,85,556 shares on offer, translat
Auto components maker Rolex Rings initial public offer was fully subscribed within hours of opening on Wednesday. The IPO received bids for 63,47,712 shares against 56,85,556 shares on offer, translating into 1.12 times subscription, according to data available with NSE till 1125 hours. Non-institutional investors category was subscribed 7 per cent, while those reserved for retail individual investors (RIIs) 2.20 times.
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