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Rolex Rings IPO subscribed 130x on last day on institutional, HNI interest

The Rs 731-crore IPO generated bids worth Rs 66,744 crore

Initial public offerings, IPOs, stock market, investors
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Illustration: Binay Sinha

Sundar Sethuraman Mumbai
The initial public offer (IPO) of Rolex Rings was subscribed 130 times on Friday, the concluding day of the offer. The institutional portion was subscribed 143 times, the wealthy investor portion by 360 times and the retail investor portion by 24.5 times.

The Rs 731-crore IPO generated bids worth Rs 66,744 crore.

Rolex Rings had priced its initial public offer (IPO) between Rs 880-900 per share. The offer comprised a fresh issue of Rs 56 crore and an offer for sale of shares worth Rs 675 crore. Rolex Rings will have a market cap of Rs 2,451 crore at the

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