INSUBCONTINENT EXCLUSIVE:
Rolex Rings IPO was subscribed 9.26 times on ThursdayRolex Rings' share sale via initial public offering (IPO) was subscribed 9.26 times on
The IPO was oversubscribed at the end of the first of its issue
ratio of ~25 times based on FY21 earnings per share (on a post-issue basis)
Given a fancy for IPOs in the ongoing season, the company may still see strong subscription numbers.However, from a long-term perspective,
