The Ratnaveer Precision Engineering IPO has begun on 04-September-2023. It will close on 06-September-2023. The Total IPO Size is 165.03 Crore . The company set its IPO price is 93-98 Rs Per Share. Basically, there are three basic categories in Ratnaveer Precision Engineering IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail.
Ratnaveer Precision Engineering is established in 2002.
Ratnaveer Precision Engineering is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes.
The products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney
liners, etc. Our products are used in both commercial and residential sector and are sold within India and overseas.
They operate four manufacturing units, out of which two are located at GIDC, Savli, Vadodara, Gujarat, (Unit-I and Unit-II) one is located at Waghodia, Vadodara, Gujarat (Unit-III) and the other one is located at GIDC, Vatva, Ahmedabad, Gujarat (Unit-IV).
Ratnaveer Precision Engineering IPO Date, Details & Price Band
The Ratnaveer Precision Engineering IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 04-September-2023 |
| IPO Closing Dates | 06-September-2023 |
| Price Band | 93-98 Rs |
| Fresh issue | 135.24 Crore |
| OFS issue | 29.79 Crore |
| Total IPO size | 165.03 Crore |
| Minimum bid (lot size) | 150 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| Listing On | NSE, BSE |
Ratnaveer Precision Engineering IPO Reservation
There are three basic category of Ratnaveer Precision Engineering IPO Reservation, other mention in be below table.
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
Ratnaveer Precision Engineering IPO Market Lot
The Ratnaveer Precision Engineering IPO minimum market lot is 150 shares With 14,700 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 150 | 14,700 ₹ |
| Retail Maximum | 13 | 1950 | 191,100 ₹ |
| S-HNI Minimum | 14 | 2,100 | 205,800 ₹ |
| S-HNI Maximum | 68 | 10,200 | 999,600 ₹ |
| B-HNI Maximum | 69 | 10,350 | 1,014,300 ₹ |
Restated Consolidated Financial Record of the three year ( Rs in Million )
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-21 | 2,559.24 | 3,640.51 | 54.59 |
| 31-Mar-22 | 3,086.32 | 4,284.72 | 94.76 |
| 31-Mar-23 | 3,890.48 | 4,811.45 | 250.44 |
| EPS (₹) | NAV (₹) | RONW(%) | Borrowings (in Million) | |
| 31-Mar-21 | 1.59 | 16.21 | 10.15% | 1,507.60 |
| 31-Mar-22 | 2.75 | 19.20 | 15.46% | 1,907.27 |
| 31-Mar-23 | 7.26 | 30.74 | 29.12% | 2,299.89 |
Ratnaveer Precision Engineering IPO GMP & Grey Market Premium
Ratnaveer Precision Engineering IPO GMP Grey market premium has been started today. Check Latest Ratnaveer Precision Engineering IPO GMP, Kostak Rates and Subject to Sauda Price here.
Ratnaveer Precision Engineering IPO Prospectus
Ratnaveer Precision Engineering IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download Ratnaveer Precision Engineering IPO Prospectus.
| DRHP | Download |
| RHP | Download |
Ratnaveer Precision Engineering IPO Reviews
Angel Broking – Update Soon
Choice Broking – Update Soon
Prabhudas Lilladher – Update Soon
Ratnaveer Precision Engineering IPO Form Download
Ratnaveer Precision Engineering IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download Ratnaveer Precision Engineering IPO forms.
Ratnaveer Precision Engineering IPO Allotment Date & Details (Tentative)
| Allotment Date | 11-September-2023 |
| Initiation of refunds | 12-September-2023 |
| Transfer of shares to Demat accounts | 13-September-2023 |
| Listing Date | 14-September-2023 |
| Check Allotment Status | Click here |
Registrar of Ratnaveer Precision Engineering
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor L.B.S. Marg, Vikhroli West Mumbai 400 083, Maharashtra, India
Telephone: +91 8108114949
Facsimile: +91 22 49186195
Email: [email protected]
Investor grievance email: [email protected]
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration Number: INR000004058
CIN: U67190MH1999PTC118368
Ratnaveer Precision Engineering Contact Details
Ratnaveer Precision Engineering Limited
Plot no. E-77, G.I.D.C.,
Savli (Manjusar),
Vadodara – 391 775
Phone: +91 8487878075
Email: [email protected]
Website: https://ratnaveer.com/
Ratnaveer Precision Engineering IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/ 305, Dynasty Business Park, Andheri-Kurla Road, Andheri East, Mumbai – 400 059, India.
Telephone: +91 9820057533
Email: [email protected]
Investor grievance email: [email protected]
Contact Person: Mr. Brijesh Parekh
Website: www.unistonecapital.com
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850