Shares of auto parts maker Rolex Rings Ltd on Monday listed on the bourses with a premium of practically 39 per cent towards the problem worth of Rs 900.
The inventory listed at Rs 1,249, registering a bounce of 38.77 per cent from its situation worth on the BSE. It later zoomed 40.55 per cent to Rs 1,264.95.
On the NSE, it made its debut at Rs 1,250, reflecting a bounce of 38.88 per cent.
The corporate’s market valuation was at Rs 3,090.98 crore on the BSE.
Mirroring large investor response, Rolex Rings preliminary public supply was subscribed 130.44 instances final month.
The Rs 731-crore supply was in a worth vary of Rs 880-900 a share.
Primarily based in Rajkot, Gujarat, Rolex Rings is among the many main producers of solid and machined parts within the nation.