Rolex Rings mops up Rs 219.3 crore through anchor financiers, ahead of IPO opening

Marquee financiers took part in the anchor book were Invesco Mutual Fund, Matthews Asia Funds, and HSBC Global Investment Funds.

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Rolex Rings, among the top 5 creating business in India, has raised Rs 219.3 crore from 26 anchor investors on July 27, ahead of IPO opening.The deal will open for subscription on July 28, and will close on July 30. The company in consultation with merchant lenders, has finalised allocation of 24,36,666 equity shares to anchor investors, Rolex Rings said in its BSE filing on July 27. More than 24.36 lakh equity shares were released to anchor investors at a price of Rs 900 per share, the greater price band.Marquee financiers took part in the anchor book were Invesco Mutual Fund, Matthews

Asia Funds, and HSBC Global Investment Funds.Domestic financiers consisting of HDFC Trustee, ICICI Prudential, Axis Mutual Fund, Aditya Birla Sun Life, SBI Mutual Fund, Kotak Mutual Fund, L&T Mutual Fund and Nippon Life India likewise received shares through anchor book.Also checked out- Rolex Rings IPO|Grey market premium jumps 50%ahead of opening Rolex Rings is preparing to raise Rs 731 crore through its IPO that makes up a fresh concern of Rs 56 crore and a market of 75 lakh equity shares by Rivendell PE LLC.The company will utilise net profits from the fresh problem towards working capital requirements. Moneycontrol News