Rolex Rings IPO subscribed 130 times on final day of bidding

Auto-components company Rolex Rings' ₹731-crore initial public offering (IPO) was subscribed 130.4 times on the last day of bidding. The offer received bids for 74.15 crore shares against the issue size of 56.9 lakh shares, as per the exchanges. The portions reserved for Qualified Institutional Buyers (QIBs) and Non-institutional Investors were subscribed 143.5 times and 360.1 times respectively.