The Ratnaveer Precision Engineering IPO date has been announced; the IPO will go public on September 4 and conclude on September 6. Ratnaveer Precision Engineering IPO will generate about [.] crores through an IPO that will include a new issue of 13,800,000 shares and an offer for sale of up to 3,040,000 shares at a price of 10 rupees each. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
Ratnaveer Precision Engineering Limited manufactures stainless steel (“SS“) products such as completed sheets, washers, solar roofing hooks, pipes, and tubes. The company operates four manufacturing units, two of which are located at GIDC, Savli, Vadodara, Gujarat (Unit-I and Unit-II), one at Waghodia, Vadodara, Gujarat (Unit-III), and one at GIDC, Vatva, Ahmedabad, Gujarat (Unit-IV). Their manufacturing sites are ideally positioned near transit, allowing for convenient shipment of our products.
Ratnaveer Precision Engineering’s Unit I produces stainless steel finishing sheets, washers, and solar mounting hooks, while Unit II produces stainless steel pipes and tubes. Units III and IV are devoted to the process of backward integration. Unit III is the melting unit, where we melt steel scrap to make steel ingots, and Unit IV is the rolling unit, where flat ingots are further processed to make SS sheets, which are used to make SS washers. Their Units are backed by an infrastructure for raw material storage, product manufacture, and finished goods storage, as well as a quality control and R&D laboratory.
Automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, and other industries use Ratnaveer Precision Engineering products. Their goods are used in both the commercial and residential sectors, and they are sold both in India and internationally.
Ratnaveer Precision Engineering IPO Date & Price Band Details
| IPO Open: | September 4, 2023 |
| IPO Close: | September 6, 2023 |
| IPO Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx 13,800,000 Shares |
| Offer for Sale: | Approx 3,040,000 Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Ratnaveer Precision Engineering IPO Market Lot
The Ratnaveer Precision Engineering IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Objects of the Issue
- Funding working capital requirements of our Company
- General corporate purposes
Ratnaveer Precision Engineering IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Ratnaveer Precision Engineering IPO Allotment & Listing Dates
The Ratnaveer Precision Engineering IPO date is September 4 and the close date is September 6. The Ratnaveer Precision Engineering IPO allotment will be finalized on September 11 and the IPO listing on September 14.
| Price Band Announcement: | 2023 |
| Anchor Investors Allotment: | September 1, 2023 |
| IPO Open Date: | September 4, 2023 |
| IPO Close Date: | September 6, 2023 |
| Basis of Allotment: | September 11, 2023 |
| Refunds: | September 12, 2023 |
| Credit to Demat Account: | September 13, 2023 |
| IPO Listing Date: | September 14, 2023 |
Ratnaveer Precision Engineering IPO Form
How to apply for the Ratnaveer Precision Engineering IPO? –> You can apply for Ratnaveer Precision Engineering IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ratnaveer Precision Engineering IPO in the Invest section. The other option is you apply for Ratnaveer Precision Engineering IPO via IPO forms downloaded via NSE and BSE. Check out the Ratnaveer Precision Engineering forms
Ratnaveer Precision Engineering Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹364 | ₹354 | ₹5.46 |
| 2022 | ₹428 | ₹415 | ₹9.48 |
| 2023 | ₹481 | ₹450 | ₹25.04 |
Ratnaveer Precision Engineering IPO Valuation – FY2023
Check Ratnaveer Precision Engineering IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.26 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 29.12% |
| Net Asset Value (NAV): | ₹30.74 per Equity Share |
Peer Group
- M.M. Forgings Limited
- Menon Bearings Limited
- Venus Pipes & Tubes Limited
Ratnaveer Precision Engineering IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
Telephone: +91 8108114949
Email: ratnaveerprecision.ipo@linkintime.co.in
Website: https://www.linkintime.co.in
Company Address
Ratnaveer Precision Engineering Limited
Plot no. E-77, G.I.D.C., Savli (Manjusar),
Vadodara – 391 775, Gujarat, India
Telephone: +91 8487878075;
E-mail: cs@ratnaveer.com
Website: https://www.ratnaveer.com
Company Promoters
- VIJAY RAMANLAL SANGHAVI
Ratnaveer Precision Engineering IPO Lead Managers aka Merchant Bankers
- UNISTONE CAPITAL PRIVATE LIMITED
Ratnaveer Precision Engineering IPO FAQs :
Q1. What is Ratnaveer Precision Engineering IPO?
Ans. Ratnaveer Precision Engineering IPO is a main-board IPO. They are going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Ratnaveer Precision Engineering IPO will open?
Ans. The IPO is to open on September 4, 2023 for QIB, NII, and Retail Investors.
Q3. What is Ratnaveer Precision Engineering IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Ratnaveer Precision Engineering IPO?
Ans. You can apply for Ratnaveer Precision Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Ratnaveer Precision Engineering IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. 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. Open Demat Account with Zerodha.
Q6. How to Apply the Ratnaveer Precision Engineering IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Ratnaveer Precision Engineering IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Ratnaveer Precision Engineering IPO Size?
Ans. Ratnaveer Precision Engineering IPO size is ₹[.] crores.
Q9. What is Ratnaveer Precision Engineering IPO Price Band?
Ans. Ratnaveer Precision Engineering IPO Price Band is ₹[.] to ₹[.].
Q10. What is Ratnaveer Precision Engineering IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].
Q11. What is the Ratnaveer Precision Engineering IPO Allotment Date?
Ans. Ratnaveer Precision Engineering IPO allotment date is September 11, 2023.
Q12. What is the Ratnaveer Precision Engineering IPO Listing Date?
Ans. Ratnaveer Precision Engineering IPO listing date is September 14, 2023. The IPO is to list on BSE and NSE.
