Ratnaveer Precision Engineering IPO Details ( Ratnaveer Precision Engineering Limited IPO Review )
(4 Sep 2023 – 6 Sep 2023)
Ratnaveer Precision Engineering Limited, established in 2002, specializes in manufacturing a wide range of stainless steel products, including finished sheets, washers, solar roofing hooks, pipes, and tubes.
Our stainless steel-based products cater to various industries such as 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 more.
We operate from four manufacturing units: Unit-I and Unit-II in GIDC, Savli, Vadodara, Gujarat, Unit-III in Waghodia, Vadodara, Gujarat, and Unit-IV in GIDC, Vatva, Ahmedabad, Gujarat. Unit I produces SS finishing sheets, SS washers, and SS solar mounting hooks, while Unit II manufactures SS pipes & tubes. Unit III handles the steel melting process, converting scrap into steel ingots, and Unit IV manages the rolling process, transforming ingots into SS sheets, the primary material for SS washers.
To enhance our SS washer product line, we plan to introduce circlips, expanding our current offering of over 2,500 SKUs of SS washers, including inner ring washers, spring washers, nord lock washers, retaining rings, internal tooth washers, and external tooth washers of various sizes and specifications. We’ve secured land adjacent to Unit I at E-78, GIDC Industrial Estate, Savli, Dist. Vadodara, Gujarat, on a 99-year lease from GIDC for this expansion.
In the fiscal year 2023, our company achieved a total revenue of Rs. 4,797.30 million, comprising a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.
Ratnaveer Precision Engineering Limited Company Product
- SS Finishing Sheets
- SS Washers
- SS Solar Roofing Hooks
- SS Scrap Metals
- SS Tubes & Pipes
Ratnaveer Precision Engineering Limited IPO Competitive Strength
- 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 Financials Performance ( Results )
Ratnaveer Precision Engineering Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 255.92 | 364.05 | 5.46 | 1.59 | 56.58 | 16.21 | 52.32 | 150.76 |
| 31-Mar-22 | 308.63 | 428.47 | 9.48 | 2.75 | 65.97 | 19.20 | 61.71 | 190.73 |
| 31-Mar-23 | 389.05 | 481.14 | 25.04 | 7.26 | 106.05 | 30.74 | 71.16 | 229.99 |
Objective of IPO Issue
- Funding the working capital requirements of the company
- General corporate purposes
Ratnaveer Precision Engineering IPO Basic Details
| IPO Date | Sep 4, 2023 to Sep 6, 2023 |
| Listing Date | Thursday, September 14, 2023 |
| Face Value | ₹10 per share |
| Price | ₹93 to ₹98 per share |
| Lot Size | 150 Shares |
| Issue Size | 16,840,000 shares of ₹10 (aggregating up to ₹165.03 Cr) |
| Fresh Issue | 13,800,000 shares of ₹10 (aggregating up to ₹135.24 Cr) |
| Offer for Sale | 3,040,000 shares of ₹10 (aggregating up to ₹29.79 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 34,699,040 |
| Share holding post issue | 48,499,040 |
| Company Promoters | Vijay Ramanlal Sanghavi |
Ratnaveer Precision Engineering IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Ratnaveer Precision IPO Timetable
Ratnaveer Precision IPO will open on September 4, 2023 and close on September 6, 2023. You can join Ratnaveer Precision IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 4 September 2023 (Monday) |
| Closing Date | 6 September 2023 (Wednesday) |
| Basis of Allotment | 11 September 2023 (Monday) |
| Initiation of Refunds | 12 September 2023 (Tuesday) |
| Credit of Shares to Demat | 13 September 2023 (Wednesday) |
| Listing Date | 14 September 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 6 September 2023 |
Ratnaveer Precision IPO Lot Size
For retail investors in Ratnaveer Precision IPO, 150 shares will come in 1 lot or the minimum investment will be ₹14,700. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹000,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 150 | ₹14,700 |
| Retail (Max) | 13 | 1950 | ₹191,100 |
| S-HNI (Min) | 14 | 2100 | ₹205,800 |
| S-HNI (Max) | 68 | 10,200 | ₹999,600 |
| B-HNI (Min) | 69 | 10,350 | ₹1,014,300 |
Ratnaveer IPO Promoter Holding
The company’s promoters include Mr. Vijay Ramanlal Sanghavi.
| Pre Issue Share Holding | 86.30% |
| Post Issue Share Holding | 55.48% |
Ratnaveer Precision Engineering Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 475.29 |
| Earning Per Share (EPS) | ₹7.26 per Equity Share |
| Net Asset Value (NAV) | ₹30.74 per Equity Share |
| P/E Ratio (P/E) (x) | 18.99 |
| Return on Net Worth (RoNW) (%) | 29.12 |
| Return on equity (ROE) (%) | 29.12 |
| Return on Capital Employed (ROCE) (%) | 12.62 |
| Debt/Equity Ratio | 2.17 |
Ratnaveer Precision Engineering Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Ratnaveer Precision Engineering Limited | Consolidated | 10 | 7.26 | 18.99 | 29.12 | 30.74 |
| Peer Group | ||||||
| M.M. Forgings Limited | Consolidated | 10 | 52.02 | 20.26 | 18.23 | 285.31 |
| Menon Bearings Limited | Consolidated | 1 | 5.84 | 23.07 | 24.47 | 23.79 |
| Venus Pipes & Tubes Limited | Consolidated | 10 | 22.60 | 59.93 | 9.83 | 158.75 |
P/E Ratio has been computed based on the closing market price of equity shares on the BSE
website on August 8, 2023 divided by the Diluted EPS
Ratnaveer IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 6 September 2023 | ₹60 | – | – |
| 5 September 2023 | ₹60 | – | – |
| 4 September 2023 | ₹46 | – | – |
| 3 September 2023 | ₹46 | – | – |
| 2 September 2023 | ₹46 | – | – |
| 1 September 2023 | ₹44 | – | – |
Ratnaveer IPO Detail Video:
Ratnaveer IPO Subscription Status (Bidding Detail)
The Ratnaveer IPO on September 6, 2023 at 7:30:00 PM was subscribed 93.99 times, with the retail category being subscribed 54.00 times, the NII (Non-Institutional Investor) category being subscribed 135.21 times, QIB (Qualified-Institutional Buyers) category being subscribed 133.05 times.
| Category | Subscription |
| QIB | 133.05x |
| NII | 135.21x |
| Retail | 54.00x |
| Total | 93.99x |
Ratnaveer Precision Engineering IPO Prospectus
| Ratnaveer Precision Engineering IPO DRHP | Download |
| Ratnaveer Precision Engineering IPO RHP | Download |
| Ratnaveer Precision Engineering IPO Anchor Investors Details PDF | Download |
Ratnaveer Precision Engineering IPO Rating
| Our Rating | 4.0/5.0 |
Ratnaveer Precision Engineering Company Contact Information
Ratnaveer Precision Engineering Limited
Registered Office: Plot no. E-77, G.I.D.C., Savli (Manjusar),
Vadodara – 391 775, Gujarat, India.
Telephone: +91 8487878075
Corporate Office: Office No. 703 & 704 Ocean Building,
7th Floor, Vikram Sarabhai Campus, Genda Circle Vadiwadi,
Vadodara- 390 023, Gujarat, India
Contact Person: Prerana Rajeshbhai Trivedi, Company Secretary and Compliance Officer
E-mail: cs@ratnaveer.com
Website: www.ratnaveer.com
Corporate Identity Number: U27108GJ2002PLC040488
Promoter of The Company: Vijay Ramanlal Sanghavi
Ratnaveer Precision Engineering IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 247 Park, 1st Floor L.B.S. Marg,
Vikhroli West Mumbai 400 083, Maharashtra, India
Telephone: +91 8108114949
Facsimile: +91 22 49186195
Email: ratnaveerprecision.ipo@linkintime.co.in
Investor grievance email: ratnaveerprecision.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI Registration Number: INR000004058
CIN: U67190MH1999PTC118368
Ratnaveer Precision Engineering IPO Lead Manager
Unistone Capital Private Limited
Registered Office: A/ 305, Dynasty Business Park, Andheri-Kurla Road,
Andheri East, Mumbai – 400 059, Maharashtra, India.
Telephone: +91 9820057533
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Brijesh Parekh
Website: www.unistonecapital.com
SEBI registration number: INM000012449
CIN: U65999MH2019PTC330850
Ratnaveer Precision Engineering IPO FAQs
What is the lot size of Nimbark IPO?
The total size of Ratnaveer Precision Engineering IPO is ₹165.03 crores out of which ₹135.24 crores is fresh issue and ₹29.79 crores is offer for sale (OFS).
When will Ratnaveer Precision Engineering IPO start?
Ratnaveer Precision Engineering IPO will open from 4 September 2023 and IPO will close on 6 September 2023.
What is the open date of Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO will open date from 4 September 2023.
What is the last date ( close date ) of Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO will close from 6 September 2023.
What is the price band of Ratnaveer Precision Engineering IPO?
Ratnaveer Precision Engineering IPO price band is ₹93 to ₹98. ( Upper Price Band: ₹98, Lower Price Band: ₹93 )
What is the minimum amount required to apply for Ratnaveer Precision Engineering IPO?
The minimum investment for retailers to apply for Ratnaveer Precision Engineering IPO is ₹14,700 and the maximum investment is ₹191,100.
What is going on gray market premium of Ratnaveer Precision Engineering IPO?
View gray market premium of Ratnaveer Precision Engineering IPO by Clicking Here
How much is the GMP of Ratnaveer Precision Engineering IPO?
Watch Ratnaveer Precision Engineering IPO GMP Today: Click Here
What is the allotment date of Ratnaveer Precision Engineering IPO?
The allotment date of Ratnaveer Precision Engineering IPO is 11 September 2023.
How to check allotment status in Ratnaveer Precision Engineering IPO?
To check the allotment status of Ratnaveer Precision Engineering IPO, first of all go to the registrar website by clicking here, select your bad Ratnaveer Precision Engineering IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Ratnaveer Precision Engineering IPO?
The listing date of Ratnaveer Precision Engineering IPO is 14 September 2023.
How much will be the listing gain in Ratnaveer Precision Engineering IPO?
View listing gain of Ratnaveer Precision Engineering IPO by Clicking Here
How much time Ratnaveer Precision Engineering IPO is subscribed?
Total 31.65 times subscribed in Ratnaveer Precision Engineering IPO out of which 54.00 times subscription was done in retail quota, 135.21 times subscription in NII quota and 133.05 times subscription in QIB quota.
How to apply for Ratnaveer Precision Engineering IPO from Upstox?
Click Here to see how to apply for Ratnaveer Precision Engineering IPO from Upstox. (step by step)
How to apply for Ratnaveer Precision Engineering IPO from Zerodha?
Click Here to see how to apply for Ratnaveer Precision Engineering IPO from Zerodha. (step by step)
How to apply for Ratnaveer Precision Engineering IPO from Angle One?
Click Here to see how to apply for Ratnaveer Precision Engineering IPO from Angle One. (step by step)
