Rolex Rings makes strong debut, lists at 39% premium over issue price

Rolex Rings listed at Rs 1,250 as against issue price of Rs 900 per share on the NSE

Rolex Rings made a strong debut on the bourses as the shares of the company got listed at Rs 1,250, a 39 per cent premium over the issue price of Rs 900 per share on the National Stock Exchange (NSE). On the BSE, the stock of the auto parts and equipment company opened at Rs 1,249 per share.

Post listing, the stock moved higher to Rs 1,264.95 on the BSE, up 41 per cent against the issue price. At 10:01 am, it was trading at Rs 1,198.20 after hitting a low of Rs 1,182 in intra-day trade. A combined 2.5