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Rolex IPO: The shares are likely to be listed on the BSE and NSE on August 9 Rolex Rings is likely to finalise the share allotment today i.e. August 5, 2021. The Rs 731 crore initial public offering (IPO), which was open between July 28 and July 30, was subscribed 130.44 times, receiving 74.16 crore bids compared to 56.85 lakh shares on the offer. The IPO comprised a fresh issue of Rs 56 crore and an offer for sale of up to 675 crore. The qualified institutional buyers (QIBs) category was subscribed 143.58 times, non-institutional investors segment, 360.11 times, and retail individual investors (RIIs), 24.49 times. Rolex Rings will process the refunds on August 5 and credit shares into demat accounts of allottees on the next day. The shares are likely to be listed on the BSE and NSE on August 9.

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