Rolex Rings shares record with 39% premium
1 min read Shares of auto parts maker Rolex Rings Ltd on Monday listed on the bourses with a premium of almost 39 per cent towards the problem value of Rs 900.
The inventory listed at Rs 1,249, registering a leap of 38.77 per cent from its problem value on the BSE. It later zoomed 40.55 per cent to Rs 1,264.95.
At the NSE, it made its debut at Rs 1,250, reflecting a leap of 38.88 per cent.
The firm’s market valuation was at Rs 3,090.98 crore on the BSE.
Mirroring large investor response, Rolex Rings preliminary public provide was subscribed 130.44 instances final month.
The Rs 731-crore provide was in a value vary of Rs 880-900 a share.
Based in Rajkot, Gujarat, Rolex Rings is among the many main producers of cast and machined parts within the nation.
