The stainless steel manufactures company Ratnaveer Precision Engineering IPO will be hit the market 04 September 2023 and closes on 06 September 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹165.03 crore through IPO. The company will issue fresh shares of ₹135.24 crores through this IPO and will issue shares through offer for sale of ₹29.79 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Ratnaveer Precision Engineering Limited is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. The company manufactures stainless steel-based products of 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. You can check Ratnaveer Precision Engineering IPO GMP.
| Read also: Upcoming IPO List 2023 |
The company manufacture SS finishing sheets, SS washers and SS solar mounting hooks at our Unit I and SS pipes & tubes at our Unit II. Unit III and Unit IV are dedicated for the backward integration process. Unit III is the melting unit where we melt steel scrap and turn 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. You can check Ratnaveer IPO Allotment status here.
The company operate 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. You can check Ratnaveer Precision Engineering IPO subscription status here.
Object Of the Issue :
- Funding working capital requirements of our Company.
- General corporate purposes.
Company Strengths :
- Synergistic Business Model focused on Backward Integration.
- Consistent financial performance.
- Wide product portfolio and multiple designs.
- R&D set up for new product development.
- Customer Diversification.
- Experienced Promoter.
- Synergy of young and experienced management team with a committed employee base.
- Effective quality control checks.
Ratnaveer Precision Engineering IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹25.04 Cr ₹98 Per Shares 7.26 13.26x 29.12 % 29.12 % 12.62 % 0.39 ₹30.74 ₹389.05 Cr ₹475.29 Cr 86.30 % 55.48 % |
| Team Review : | ✔ Apply For Long Term |
Ratnaveer Precision Engineering IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 04 September 2023 |
| IPO Close : | 06 September 2023 |
| Face Value : | ₹10. Equity Share |
| Price Band : | ₹93 – ₹98 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹165.03 Cr {16,840,000 Share} |
| Fresh Issue : | ₹135.24 Cr {13,800,000 Share} |
| Offer For Sale : | ₹29.79 Cr {3,040,000 Share} |
Ratnaveer Precision Engineering IPO Market Lot :
Ratnaveer Precision Engineering IPO Minimum Market lot is 1 Lot with 150 shares with ₹14,700 Application amount. The retail investors can apply up to 13 lots with 1950 Shares or ₹191,100 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 150 | ₹14,700 |
| Retail Maximum : | 13 | 1950 | ₹191,100 |
| S-HNI Minimum : | 14 | 2100 | ₹205,800 |
| S-HNI Maximum : | 68 | 10,200 | ₹999,600 |
| B- HNI Minimum : | 69 | 10,350 | ₹1,014,300 |
Ratnaveer Precision Engineering IPO Shares Offer :
A Total of 16,840,000 shares are to be bid for the public issue by Ratnaveer Precision Engineering IPO with 13,800,000 for Fresh issue and 3,040,000 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 13,800,000 | ₹135.24 Cr |
| Offer For Sale : | 3,040,000 | ₹29.79 Cr |
| Total : | 16,840,000 | ₹165.03 Cr |
Ratnaveer Precision Engineering IPO Reservation :
Ratnaveer Precision Engineering IPO Total Reservation of 16,840,000 shares are to be bid for the public issue by Ratnaveer Precision Engineering IPO with 8,420,000 for QIB and 2,526,000 for NII 5,895,000 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 8,420,000 | ₹82.52 Cr |
| NII : | 15% | 2,526,000 | ₹24.74 Cr |
| RII : | 35% | 5,895,000 | ₹57.77 Cr |
| Total : | 100% | 16,840,000 | ₹165.03 Cr |
Ratnaveer Precision Engineering IPO EPS & RoNW :
The Ratnaveer Precision Engineering company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
|---|---|---|---|
| 2023 | ₹7.26 | 29.12 % | ₹30.74 |
| 2022 | ₹2.75 | 15.46 % | ₹19.20 |
| 2021 | ₹1.59 | 10.15 % | ₹16.21 |
Ratnaveer Precision Engineering IPO Peer Comparison PE :
The Ratnaveer Precision Engineering, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | M.M. Forgings Limited | 20.26 |
| 2. | Menon Bearings Limited | 23.60 |
| 3. | Venus Pipes & Tubes Limited | 59.93 |
Ratnaveer Precision Engineering IPO Dates :
Ratnaveer Precision Engineering IPO Date is 04 September 2023 and closes on 06 September 2023. The allotment will be finalized on 11 September 2023 and the IPO may list on 14 September 2023.
| Anchor Date : | 03 September 2023 |
| Open Date : | 04 September 2023 |
| Close Date : | 06 September 2023 |
| Allotment Date : | 11 September 2023 |
| Refund Date : | 12 September 2023 |
| Share Credit Date : | 13 September 2023 |
| Listing Date : | 14 September 2023 |
Ratnaveer Precision Engineering IPO Form :
There are two ways to apply in Ratnaveer Precision Engineering IPO. You can apply for Ratnaveer Precision Engineering IPO through ASBA available in your bank account. You have to go to your online bank login and select Ratnaveer Precision Engineering IPO in the Invest section and apply through your bank account. Another option is you can apply for Ratnaveer Precision Engineering IPO through IPO form download through NSE and BSE. See the Ratnaveer Precision Engineering IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Ratnaveer Precision Engineering Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹481.14 | ₹450.43 | ₹25.04 |
| 2022 | ₹428.47 | ₹415.02 | ₹9.48 |
| 2021 | ₹364.05 | ₹354.46 | ₹5.46 |
Company Promoters :
■ Vijay Ramanlal Sanghavi
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Ratnaveer Precision Engineering IPO Lead Managers :
■ Unistone Capital Private Limited
Ratnaveer Precision Engineering IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri
Marg, Vikhroli (West) Mumbai – 400 083
Maharashtra, India.
Telephone: +91 022 4918 6200
Facsimile: +91 022 4918 6195
Investor grievance: [email protected]
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Ratnaveer Precision Engineering IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
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 FAQs :
What is Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO is Mainboard IPO. They are going to raise ₹165.03. Crores via IPO. The issue is priced at ₹93-₹98 per equity share. The IPO is to be listed on NSE, BSE.
When Ratnaveer Precision Engineering IPO will open?
The IPO is to open on 04 Sep – 06 Sep for QIB, NII & RII.
What is Ratnaveer Precision Engineering IPO Size?
Ratnaveer Precision Engineering IPO size is ₹165.03 Crores.
What is the Fresh issue size of Ratnaveer Precision Engineering IPO?
The Fresh issue size of Ratnaveer Precision Engineering IPO ₹135.24 Cr.
What is the Offer For Sale size of Ratnaveer Precision Engineering IPO?
The Offer For Sale size of Ratnaveer Precision Engineering IPO ₹29.79 Cr.
What is Ratnaveer Precision Engineering IPO Price Band?
Ratnaveer Precision Engineering IPO Price Band is ₹93-₹98 Per share.
What is Ratnaveer Precision Engineering IPO Minimum and Maximum Lot Size?
The minimum 150 Shares with ₹14,700 amount while the maximum 1950 shares with ₹191,100.
What is Ratnaveer Precision Engineering IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Ratnaveer Precision Engineering IPO Allotment Date?
Ratnaveer Precision Engineering IPO allotment date is 11 September 2023.
What is Ratnaveer Precision Engineering IPO Listing Date?
Ratnaveer Precision Engineering IPO listing date is 14 September 2023. The IPO to list on NSE, BSE.
How to Apply the Ratnaveer Precision Engineering IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Ratnaveer Precision Engineering IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ratnaveer Precision Engineering IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Ratnaveer Precision Engineering IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ratnaveer Precision Engineering IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Ratnaveer Precision Engineering IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ratnaveer Precision Engineering IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Ratnaveer Precision Engineering IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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All Ratnaveer Precision Engineering IPO-related links are available here. If you want to know the details then click on Click Here Link.
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