Rolex Rings IPO - Positives, Investment Concerns, Outlook, Valuations: Angel Broking
Hot forged bearing components move along a conveyor inside a factory in Schweinfurt, Germany. (Photographer: Krisztian Bocsi/Bloomberg)

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:

Angel Broking Rolex Rings IPO Note .pdf

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