Rolex Rings shares trade at 50% premium in grey market: Report

Ahead of its listing on BSE and NSE on August 9, forging company Rolex Rings shares traded at a 50% premium in the grey market, Moneycontrol reported. The shares of the automotive components manufacturer were trading at a premium of ₹450, which is equivalent to a trading price of ₹1,350. Its IPO was subscribed 130.44 times during July 28-30.