The Initial Public Offering (IPO) of Rolex Rings Limited opened today. The three-day issue will end on 30 July (Friday). How has the response been on the opening day till now? While Zee Business will give the latest subscription details, it will also tell the readers the timeline of the public issue. Also, get the top recommendations from the Zee Business Managing Editor Anil Singhvi. 

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As of 1:14 pm, the shares were subscribed 1.18 times as per the information present on the NSE. The Retail Individual Investors (RIIs) subscribed 2.34 times. The non-institutional investors subscribed 0.07 times.

See Zee Business Live TV Streaming Below:

Rolex Rings IPO – Opens today; Apply for LISTING GAINS, Anil Singhvi says – lists positives and negatives – all details here 

Rolex Rings IPO – Complete Timeline 

The tentative timeline is as follows and as per the information on Edelweiss App: 

  1. The Rolex Rings IPO ends on 30 July 
  2. The allotment of shares is likely to be completed by 5 August 
  3. Initiation of refunds likely to start from 6 August 
  4. Transfer of shares to demat accounts likely on 9 August 
  5. Listing likely on 10 August. 

About - Rolex Rings IPO   

- Symbol - ROLEX 

- Issue Period - 28-Jul-2021 to 30-Jul-2021 

- Post issue Modification Period - 02-Aug-2021 (10.00 A.M. to 11.00 A.M.) 

- Cut-off time for UPI Mandate Confirmation - 02-Aug-2021(upto 12:00 PM) 

- Issue Type - 100 per cent Book Building 

- Price Range - Rs 880 to Rs 900 

- Face Value - Rs 10 

- Tick Size - Re 1 

- Bid Lot - 16 Equity Shares and in multiples thereof