Stay updated with breaking news from Lead Equity Analyst. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ukraine-Russia tensions escalate as Ukrainian President Volodymyr Zelensky says a large-scale Russian offensive is under way in the eastern Donbas region
NEW DELHI: The initial public offer of Rolex Rings, an automotive component company, will open for subscription on Wednesday, which most analysts believe is worth applying for but one to exercise some caution. The company and shareholders plan to raise Rs 731 crore from primary markets. The offer comprises fresh issue of Rs 56 crore and offer for sale of 75 lakh shares. Investors can bid in a multiple of 16 shares and multiples thereof. The issue is priced in the range of Rs 880-900. Considering the FY21 adjusted EPS of Rs 31.93 on post issue basis, the company is going to list at a PE of 28....