Last updated on September 11, 2023
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.
Promoters of Ratnaveer Precision Engineering – Vijay Ramanlal Sanghavi
Ratnaveer Precision Engineering IPO Details
| Ratnaveer Precision Engineering IPO Dates | 4 – 6 September 2023 |
| Ratnaveer Precision Engineering IPO Price | INR 93 – 98 per share |
| Fresh issue | 13,800,000 shares (INR 128.34 – 135.24 crore) |
| Offer For Sale | 3,040,000 shares (INR 28.27 – 29.79 crore) |
| Total IPO size | 16,840,000 shares (INR 156.61 – 165.03 crore) |
| Minimum bid (lot size) | 150 shares (INR 14,700) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Ratnaveer Precision Engineering Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 359.66 | 426.94 | 479.75 |
| Expenses | 354.46 | 415.02 | 450.43 |
| Net income | 5.46 | 9.48 | 25.04 |
| Margin (%) | 1.52 | 2.22 | 5.22 |
Ratnaveer Precision Engineering Offer News
- Ratnaveer Precision Engineering RHP
- Ratnaveer Precision Engineering DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Ratnaveer Precision Engineering Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.59 | 2.75 | 7.26 |
| PE ratio | – | – | 12.81 – 13.50 |
| RONW (%) | 10.15 | 15.46 | 29.12 |
| NAV | 16.21 | 19.20 | 30.74 |
| ROCE (%) | 10.33 | 9.67 | 12.62 |
| EBITDA (%) | 6.76 | 6.81 | 9.80 |
| Debt/Equity | 2.67 | 2.89 | 2.17 |
Ratnaveer Precision Engineering IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 9 September 2023 | 55 | 300 | 6,000 |
| 8 September 2023 | 55 | 300 | 6,000 |
| 7 September 2023 | 55 | 300 | 6,000 |
| 6 September 2023 | 55 | 300 | 5,800 |
| 5 September 2023 | 50 | 250 | 5,000 |
| 4 September 2023 | 45 | 250 | 3,000 |
| 2 September 2023 | 42 | – | 3,500 |
| 1 September 2023 | 35 | – | 4,000 |
| 31 August 2023 | 20 | – | 2,300 |
| 30 August 2023 | 15 | – | – |
| 29 August 2023 | 22 | – | – |
| 28 August 2023 | 20 | – | – |
Ratnaveer Precision Engineering IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 33,68,000 | 25,26,000 | 58,94,000 | 1,17,88,000 |
| 6 Sep 2023 | 133.05 | 135.20 | 53.95 | 93.96 |
| 5 Sep 2023 | 4.21 | 42.25 | 23.12 | 21.82 |
| 4 Sep 2023 | 0.05 | 9.03 | 7.65 | 5.77 |
Ratnaveer Precision Engineering IPO Reviews – Subscribe or Avoid?
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Ratnaveer Precision Engineering Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone:Â +91 22 4918 6200
Email:Â [email protected]
Website:Â www.linkintime.com
Ratnaveer Precision Engineering Contact Details
RATNAVEER PRECISION ENGINEERING LIMITED
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 Date | 4 September 2023 |
| Finalization of Basis of Allotment | 6 September 2023 |
| Finalisation of Basis of Allotment | 7 September 2023 |
| Initiation of refunds | 8 September 2023 |
| Transfer of shares to demat accounts | 11 September 2023 |
| Ratnaveer Precision IPO Listing Date | 11 September 2023 |
| Opening Price on NSE | INR 123.2 per share (up 25.71%) |
| Closing Price on NSE | INR 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.
