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Rolex Rings IPO: Rolex Rings' Rs 731 cr IPO opens. Should you subscribe?


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 28.19 with a market-cap of Rs 2,451 crore, while its peers namely ....

Saurabh Joshi , Rolex Rings , Marwadi Shares , Lead Equity Analyst , Angel Broking , ச Ura ரப் ஜோஷி , ரோலக்ஸ் மோதிரங்கள் , மார்வாடி பங்குகள் , தேவதை தரகு ,

Should you subscribe to the Rolex Rings IPO? - The Hindu BusinessLine

Should you subscribe to the Rolex Rings IPO? - The Hindu BusinessLine
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