Ratnaveer Precision Engineering IPO Details | GMP, Date

Ratnaveer Precision Engineering IPO

Table of Contents

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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

Objective of IPO Issue

  • Funding the working capital requirements of the company
  • General corporate purposes

Ratnaveer Precision Engineering IPO Basic Details

IPO DateSep 4, 2023 to Sep 6, 2023
Listing DateThursday, September 14, 2023
Face Value₹10 per share
Price₹93 to ₹98 per share
Lot Size150 Shares
Issue Size16,840,000 shares of ₹10
(aggregating up to ₹165.03 Cr)
Fresh Issue13,800,000 shares of ₹10
(aggregating up to ₹135.24 Cr)
Offer for Sale3,040,000 shares of ₹10
(aggregating up to ₹29.79 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue34,699,040
Share holding post issue48,499,040
Company PromotersVijay Ramanlal Sanghavi

Ratnaveer Precision Engineering IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% 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.

Opening Date4 September 2023 (Monday)
Closing Date6 September 2023 (Wednesday)
Basis of Allotment11 September 2023 (Monday)
Initiation of Refunds12 September 2023 (Tuesday)
Credit of Shares to Demat13 September 2023 (Wednesday)
Listing Date14 September 2023 (Thursday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)1150₹14,700
Retail (Max)131950₹191,100
S-HNI (Min)142100₹205,800
S-HNI (Max)6810,200₹999,600
B-HNI (Min)6910,350₹1,014,300

Ratnaveer IPO Promoter Holding

The company’s promoters include Mr. Vijay Ramanlal Sanghavi.

Pre Issue Share Holding86.30%
Post Issue Share Holding55.48%

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.

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 Ratio2.17

Ratnaveer Precision Engineering Ltd Peer Comparison

Company NameConsolidated/
Peer Group
M.M. Forgings
Menon Bearings
Venus Pipes &
Tubes Limited

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

DateGMPKostakSubject 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.


Ratnaveer Precision Engineering IPO Prospectus

Ratnaveer Precision Engineering IPO DRHPDownload
Ratnaveer Precision Engineering IPO RHPDownload
Ratnaveer Precision Engineering IPO Anchor Investors Details PDFDownload

Ratnaveer Precision Engineering IPO Rating

Our Rating4.0/5.0

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?

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How to apply for Ratnaveer Precision Engineering IPO from Zerodha?

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How to apply for Ratnaveer Precision Engineering IPO from Angle One?

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