Rolex Rings News and Updates

Name: Latest research reports of Rolex Rings Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Rolex Rings Ltd.
Rating: 3
Author: Prabhudas Lilladhar

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Rolex Rings Ltd.

09 Aug 2021

104.15

0.22%

Rolex Rings ends day 1 with 30% gain

Business Line

The initial public offering of the auto components-maker was subscribed 130.43 times

Rolex Rings has lost -48.58% in the last 1 Year

Rolex Rings jumps 30% on debut to close with Rs 267 gain; HNIs incur losses

Business Standard | 09 Aug 2021 5 more

Rolex Rings Ltd.

29 Jul 2021

104.15

0.22%

IPO Note - Diversified product portfolio and geographic presence - SUBSCRIBE

IPO Note: Rolex Rings Ltd.

Prabhudas Lilladhar

Rolex Rings has posted superior financial performance over last three years reducing debt by ~247Cr (50%), led by strong free cash flow generation of ~420cr FY18-20. It delivered attractive return ratios driven by high margins. Company further intends to reduce its power and fuel cost by increasing captive power capacity by 16MW. Against these backdrops, post IPO...

Rolex Rings has lost -35.02% in the last 6 Months

Rolex Rings Ltd.

28 Jul 2021

104.15

0.22%

Subscribe to Rolex Rings: Arihant Capital

Moneycontrol

Arihant Capital has come out with its report on Rolex Rings. The research firm has recommended to ''Subscribe'' the ipo in its research report as on July 27, 2021.

Rolex Rings Ltd. is trading below all available SMAs

Subscribe to Rolex Rings: KR Choksey

Moneycontrol | 28 Jul 2021

Rolex Rings Ltd.

28 Jul 2021

104.15

0.22%

Rolex Rings Ltd. IPO Note

IPO Note: Rolex Rings Ltd.

Ashika Research

10 each, (Comprising of fresh issue of 622,222 Equity Total Public Shares* (Rs. 56 cr.) and Offer for Sale of 7,500,000 Equity Shares (Rs. 453.6 cr.*) by Selling Shareholder)....

Rolex Rings Ltd. is trading below all available SMAs

Rolex Rings Ltd.

28 Jul 2021

104.15

0.22%

Rolex Rings Ltd. IPO Note

IPO Note: Rolex Rings Ltd.

Ashika Research

10 each, (Comprising of fresh issue of 622,222 Equity Total Public Shares* (Rs. 56 cr.) and Offer for Sale of 7,500,000 Equity Shares (Rs. 453.6 cr.*) by Selling Shareholder)....

Rolex Rings has lost -48.58% in the last 1 Year

Rolex Rings Ltd.

27 Jul 2021

104.15

0.22%

Rolex Rings Limited IPO Note 27072021

IPO Note: Rolex Rings Ltd.

HDFC Securities

Rolex Rings Limited IPO Note Issue Open: July 28 July 30 2021 Price Band: Rs. 880 900 *Issue Size: 8,122,222 eq shares (Fresh Issue of Rs.56 cr + Offer for sale of 7,500,000 eq sh) Issue Size: Rs.716-731.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh

Rolex Rings has lost -24.86% in the last 3 Months

Rolex Rings Ltd.

27 Jul 2021

104.15

0.22%

Rolex Rings Ltd

IPO Note: Rolex Rings Ltd.

Angel Broking

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.

Rolex Rings has lost -24.86% in the last 3 Months

Rolex Rings Ltd.

27 Jul 2021

104.15

0.22%

ROLEX RINGS LTD

IPO Note: Rolex Rings Ltd.

Ventura

IPO NOTE

Rolex Rings has lost -48.58% in the last 1 Year

Rolex Rings Ltd.

27 Jul 2021

104.15

0.22%

Rolex Rings Ltd : IPO

IPO Note: Rolex Rings Ltd.

ICICI Securities Limited

Rolex Rings (RRL), one of the top five forging companies in India, commenced operations in 1988 with their first manufacturing plant in Rajkot. The company manufactures and supplies hot rolled forged bearing rings, automotive components (including EVs) for segments of vehicles including 2-W, PV, CV, industrial machinery, wind turbines & railway among other segments. The client base of RRL consists of leading global bearing manufacturers viz. SKF, Timken, Schaeffler, NEI & NRB Bearings. RRL has three manufacturing units in Rajkot consisting of 22 forging lines with a...

Rolex Rings has lost -35.02% in the last 6 Months

VOTE: Is Rolex Rings Ltd. worth buying?

48 Votes:

Buy 81.25%

Sell 4.17%

Hold 14.58%

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