Skip to main content
MainBoardListed
Ratnaveer Precision Engineering Limited Logo

Ratnaveer Precision Engineering Limited IPO

Ratnaveer Precision Engineering Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 123.20 (+25.71%)

The public market debut of Ratnaveer Precision Engineering Limited's was completed on 11-09-2023 with its listing on the NSE, BSE exchange. The IPO process raised 1,68,40,000 Shares in total capital, consisting of 1,38,00,000 Shares in new equity and ₹29.79 Cr in existing share sales through the OFS route.

The offering featured a price range of ₹93 to ₹98 and minimum application size of 150 shares. Investor response during the subscription period from 04-09-2023 to 06-09-2023 influenced the final allotment ratios across investor categories.

Final allotment was announced on 08-09-2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Ratnaveer Precision IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Ratnaveer Precision IPO Key Performance Indicator
Company Financials ( In Crores )

Ratnaveer Precision IPO About Company

Ratnaveer Precision Engineering Limited, incorporated in 2002, manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes for industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and chimney liners. The company operates four manufacturing units in Gujarat: Unit I and II at GIDC Savli (finished sheets, washers, solar hooks, and pipes/tubes), Unit III at Waghodia (melting unit), and Unit IV at GIDC Vatva (rolling unit). Ratnaveer offers over 2,500 SKUs of stainless steel washers and plans to expand into circlips, with additional land leased at GIDC Savli for expansion. In FY2023, the company recorded Rs. 4,797.30 million in revenue, comprising Rs. 3,875.39 million domestic and Rs. 921.91 million export turnover.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Ratnaveer Precision IPO Strength Factors

NA


Ratnaveer Precision IPO Risk Factors

NA


Ratnaveer Precision IPO Lead Manager(s)

  • Unistone Capital Private Limited

Ratnaveer Precision IPO Promoter(s)

  1. Mr. Vijay Ramanlal Sanghavi

Ratnaveer Precision IPO Company Details

Ratnaveer Precision Engineering Limited
Phone:
address:

Ratnaveer Precision IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Ratnaveer Precision IPO FAQs