Rolex Rings Limited which had tapped the capital markets with its fresh issue of Rs 56 crs and an offer for sale of 75 lac shares completed received excellent response and was subscribed 130.44 times. The QIB portion was subscribed 143.58 times while the HNI portion was subscribed 360.11 times. Retail portion was subscribed 24.49 times and the company received 34.89 lac applications. On basis of lots, the retail issue was subscribed 19.64 times, which implies that the average application was for 1.25 lots.

The company garnered a total subscription of over Rs 80,000 crs. The retail subscription makes it the second highest subscription after Glenmark Life Sciences which received 39.5 lac applications.

Earlier the company had completed allocation to anchor investors. The company allotted 24,36,666 shares to 15 anchor investors comprising 26 entities. The price band is Rs 880-900. The issue was open from Wednesday the 28th of July to Friday the 30th of July.

The highest allocation was made to Kotak Mutual Fund who was allotted 11.30% of the anchor book. This was followed by allotment of 2,44,432 shares or 10.03% to HDFC Mutual Fund, SBI Mutual Fund and ICICI Prudential Mutual Fund.

The top four anchor investors were allotted 51.52% of the anchor portion.

Full details of subscription are given below: –