Rolex Rings IPO - Positives, Investment Concerns, Outlook, Valuations: Angel Broking
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Angel Broking's IPO Report
Rolex Rings Ltd. is one of the five largest forgings companies in India in terms of installed capacity and is a key supplier of bearing rings catering to leading bearing manufacturers in India.
It has a comprehensive product portfolio and supplies bearing rings and automotive components for vehicles, industrial machinery, wind turbines and railways, etc.
It has 22 forging lines with total installed capacity of 1,44,750 million tonnes per annum and 528 spindles with capacity of 69 million parts per annum.
Rolex Rings has a longstanding relationship with its clients, a comprehensive product portfolio having wide application, and has presence across geographies with ~56% of revenues from outside India.
Click on the attachment to read the full IPO report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.