July is great for those who are investing in the stock market. Because of the IPO of many companies, including O Tomato, there was a lot of excitement on Dalal Street. But if for some reason you missed out on investing in these companies, you need not be disappointed. You now have two more opportunities. Glen Mark Life Insurance and Rolex Rings are launching their IPOs this week. Let us know the details-
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Glen Mark Life Insurance: The company’s IPO will open tomorrow, July 27 and close on July 29. The company’s price band is Rs 695 to Rs 720 per share. The company will be listed on the stock market on August 6. However, the company’s IPO is low compared to its predecessor. The company will be available through a new issue of Rs 1,060 crore and a sale offer of 63 lakh shares. The company’s share price today closed at $ 135 on the gray market.
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Rolex Rings IPO: Parts manufacturer Rolex Rings can bring its own on July 28th. And this subscription is open until July 30th. The company has its price list at Rs 880 to Rs 900. The company has raised Rs 56 crore through fresh issue. 750 crore and Rs. Rivendell currently owns 45.51% of Rolex Rings. The auto parts company filed initial documents for the IPO in March.