Rolex Rings Ltd. has announced public offering of 8122222 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 890.00 per share. The gross proceeds of the issue are expected to be Rs 73,100.00 lakhs.

The company's initial public offer (IPO) will open on 28 July 2021 and is expected to close on 30 July 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 880.00-900.00 per share.

The IPO includes a fresh Issue of 8122222 Equity Shares of the Company at an price of Rs 900.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 16 shares with bids in multiples of 16.

Rolex Rings Ltd. anticipates using the proceeds of the issue for Funding longterm working capital requirements General corporate purposes.

Equirus Capital Private Limited,IDBI Capital Markets & Securities Limited,JM Financial Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.