ECONOMY

Rolex Rings IPO – Subscribe For Listing Gains: KRChoksey

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.

KRChoksey Research’s IPO Report

Rolex Rings Ltd. is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two -wheeler, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways, amongst other segments.

It supplies domestically and internationally to large customers including leading bearing manufacturing companies, tier-I suppliers to global auto companies and some auto original equipment manufacturers.

Rolex Rings is a major supplier to some of the leading players including SKF India Ltd., Schaeffler India Ltd., Timken India Ltd., National Engineering Industries Ltd. and NRB Bearings Ltd. which together account for 81% of the market share of Indian bearing industry.

Click on the attachment to read the full IPO report:

KRChoksey Rolex Rings IPO Note.pdf

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