Ratnaveer Precision Engineering IPO GMP, Price, Date, Allotment


Last updated on September 11, 2023

Ratnaveer Precision Engineering IPO

Ratnaveer Precision Engineering IPO Description – Ratnaveer Precision Engineering is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes, and tubes. It operates out of four manufacturing units, out of which two (Unit-I and Unit-II) are located at GIDC, Savli, Vadodara, Gujarat, one (Unit-III) is located at Waghodia, Vadodara, Gujarat and the other one (Unit-IV) is located at GIDC, Vatva, Ahmedabad, Gujarat. Its manufacturing units are strategically located with the availability of transportation, which facilitates convenient transportation of finished products.

The company manufactures SS finishing sheets, SS washers, and SS solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process. Unit III is the melting unit where it melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into SS sheets which are the raw material for SS washers.

It currently offers over 2500 SKUs of SS washers to customers and intends to expand its portfolio of SS washers by adding circlips into the product line.

Ratnaveer Precision IPO

Promoters of Ratnaveer Precision Engineering – Vijay Ramanlal Sanghavi

Ratnaveer Precision Engineering IPO Details

Ratnaveer Precision Engineering IPO Dates4 – 6 September 2023
Ratnaveer Precision Engineering IPO Price INR 93 – 98 per share
Fresh issue13,800,000 shares (INR 128.34 – 135.24 crore)
Offer For Sale3,040,000 shares (INR 28.27 – 29.79 crore)
Total IPO size16,840,000 shares (INR 156.61 – 165.03 crore)
Minimum bid (lot size)150 shares (INR 14,700)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Ratnaveer Precision Engineering Financial Performance

 FY 2021FY 2022FY 2023
Net income5.469.4825.04
Margin (%)1.522.225.22
Figures in INR Crores unless specified otherwise

Ratnaveer Precision Engineering Offer News

Ratnaveer Precision Engineering Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio12.81 – 13.50
RONW (%)10.1515.4629.12
ROCE (%)10.339.6712.62
EBITDA (%)6.766.819.80
As per Consolidated Financial Information

Ratnaveer Precision Engineering IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
9 September 2023553006,000
8 September 2023553006,000
7 September 2023553006,000
6 September 2023553005,800
5 September 2023502505,000
4 September 2023452503,000
2 September 2023423,500
1 September 2023354,000
31 August 2023202,300
30 August 202315
29 August 202322
28 August 202320

Ratnaveer Precision Engineering IPO Subscription – Live Updates

Shares Offered33,68,00025,26,00058,94,0001,17,88,000
6 Sep 2023133.05135.2053.9593.96
5 Sep 20234.2142.2523.1221.82
4 Sep 20230.059.037.655.77

Ratnaveer Precision Engineering IPO Reviews – Subscribe or Avoid?

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Reliance Securities –
Religare Broking –
Samco Securities –
SMC Global – 2/5
Swastika Investmart –
Ventura Securities – Not Rated

Ratnaveer Precision Engineering Offer Registrar

C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.com

Ratnaveer Precision Engineering Contact Details

Office No. 703 & 704 Ocean Building, 7th Floor, Vikram Sarabhai Campus,
Genda Circle Vadiwadi, Vadodara- 390 023, Gujarat
Phone: +91 8487878075
E-mail: [email protected]
Website: www.ratnaveer.com

Ratnaveer Precision Engineering IPO Allotment Status

Ratnaveer Precision IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Meanwhile, bank debits and funds unblocking has started. Please check effective bank balance to know about the allotment status.

Ratnaveer Precision Engineering IPO Dates & Listing Performance

Ratnaveer Precision IPO Opening Date4 September 2023
Finalization of Basis of Allotment6 September 2023
Finalisation of Basis of Allotment7 September 2023
Initiation of refunds8 September 2023
Transfer of shares to demat accounts11 September 2023
Ratnaveer Precision IPO Listing Date11 September 2023
Opening Price on NSEINR 123.2 per share (up 25.71%)
Closing Price on NSEINR 129.35 per share (up 31.99%)

Ratnaveer Precision Engineering IPO FAQs

How many shares in Ratnaveer Precision Engineering IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Ratnaveer Precision Engineering Public Offer?

The best way to apply in Ratnaveer Precision Engineering public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Ratnaveer Precision Engineering IPO GMP today?

Ratnaveer Precision Engineering IPO GMP today is INR 55 per share.

What is Ratnaveer Precision Engineering kostak rate today?

Ratnaveer Precision Engineering kostak rate today is INR 300 per application.

What is Ratnaveer Precision Engineering Subject to Sauda rate today?

Ratnaveer Precision Engineering Subject to Sauda rate today is INR 6,000 per application.


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