Auto-components maker Rolex Rings Limited's initial public offering (IPO) will open for subscription on Wednesday i.e., July 28 and will be closed on July 30. As per market observers, Rolex Rings grey market premium (GMP) is at around ₹420. The grey market is an unofficial platform, wherein trading starts after the announcement of IPO price band till the listing of IPO shares. Rolex Rings is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components. Considering potential rebound in demand from user industries, we have a positive outlook on Rolex Rings IPO,'' said Milan Desai, Lead Equity Analyst, Angel Broking.

Source: Mint July 27, 2021 05:48 UTC