Rolex Rings IPO Opens Up Important Things To Know About Rs 731 Crore IPO

Rolex Rings, a manufacturer of auto parts, starts accepting subscriptions for its IPO on July 28. The company and its shareholders are planning to raise Rs 731 crore through the primary markets. The majority of analysts warned investors not to invest in the issue, citing the risk of customer concentration, corporate debt restructuring (CDR) and stretching valuations based on normalized FY21 earnings at a tax rate of 17 percent.

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