The Initial Public Offering (IPO) of Rolex Rings Limited will hit the market on 28 July 2021 and will offer up to 75 lakh shares. The IPO bidding will close on 30 July. This would be the 29th IPO in the calendar year 2021 Rolex Rings has fixed a price band of Rs 880-900 per equity share for the public issue.
The company is planning to garner Rs 716 crore at the lower price band, and Rs 731 crore at the higher end. The Rolex Rings IPO has a minimum market lot size of 16 shares with a minimum price cap of Rs 14,400 as the application amount. On the higher end of things, the lot size stands at a cap of 208 shares at a price of Rs 187,200 as the application amount. The promoters of the company are Manesh Dayashankar Madeka, Jiten Dayashankar Madeka, Bhautik Dayashankar Madeka, Rupesh Dayashankar Madeka and Pinakin Dayashankar Madeka.
