Ratnaveer Precision Engineering Ltd
Price Range
₹98
Min. Quantity
150
Closes on
6 September 2023
Min. investment
₹14,700/1,950 Shares
Ratnaveer Precision Engineering Ltd IPO Timeline
Ratnaveer Precision Engineering Limited was incorporated as 'Ratnaveer Stainless Products Private Limited' on February 20, 2002 in Gujarat. Subsequently, Company name was changed to 'Ratnaveer Metals Private Limited' on May 28, 2018. Pursuant to conversion of Company into a Public Limited, the name changed to 'Ratnaveer Metals Limited' on September 27, 2018. Further, name of the Company was changed to Ratnaveer Precision Engineering Limited' and a fresh Certificate of Incorporation was granted by the Registrar of Companies, Ahmedabad on November 01, 2022.
| Event | Date |
|---|---|
| Ratnaveer Precision Engineering Ltd IPO Opening Date | 4 September 2023 |
| Ratnaveer Precision Engineering Ltd IPO Closing Date | 6 September 2023 |
| Basis of Allotment | 7 September 2023 |
| Initiation of Refunds | 8 September 2023 |
| Credit of Shares to Demat | 8 September 2023 |
| Ratnaveer Precision Engineering Ltd IPO Listing Date | 11 September 2023 |
Ratnaveer Precision Engineering Ltd IPO Details
| Ratnaveer Precision Engineering Ltd IPO Date | 4 September 2023 to 6 September 2023 |
| Ratnaveer Precision Engineering Ltd IPO Face Value | ₹10 per share |
| Ratnaveer Precision Engineering Ltd IPO Price | ₹98 to ₹0 per share |
| Ratnaveer Precision Engineering Ltd IPO Lot Size | 150 |
| Issue Size | Shares of ₹10 (aggregating up to ₹165.03 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹128.34 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹28.27 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 33,68,000 of the Net Offer |
| Retail Shares Offered | Not less than 58,94,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 25,26,000 of the Net Offer |
| Company Promoters | Vijay Ramanlal Sanghavi |
Ratnaveer Precision Engineering Ltd IPO Lot Size
The Ratnaveer Precision Engineering Ltd IPO lot size is 150 shares. A retail-individual investor can apply for up to 13 lots (1,950 shares or ₹1,91,100).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 150 | ₹14,700 |
| Maximum | 13 | 1,950 | ₹1,91,100 |
- Strengths
- Risks
- Opportunities
- Wide product portfolio and multiple designs product enables the company to serve diverse end-use applications.
- Experienced Promoter
- Synergy of young and experienced management team with a committed employee base
- Establish Presence in the international markets
- Strategically located manufacturing facilities with a core focus on quality;
- Quality Assurance and Quality Control of its products;
- Growth led by continuous investment and R&D set up for new product development.
Company Financials
Ratnaveer Precision Engineering Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 516.09 | 602.4 | 31.05 |
| 03-2023 | 389.05 | 481.14 | 25.04 |
| 03-2022 | 308.63 | 428.47 | 9.48 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- General corporate purposes
Ratnaveer Precision Engineering Ltd IPO Promoter Holding
| Pre Issue Share Holding | 83.6% |
| Post Issue Share Holding | 53.54% |
Ratnaveer Precision Engineering Ltd IPO Subscription Status (Bidding Detail)
The Ratnaveer Precision Engineering Ltd IPO is subscribed 93.99 times on 6 September 2023 05:00:00 PM. The public issue subscribed 54.01 times in the retail category, 133.05 times in the QIB category, and 135.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 133.05 | 135.21 | 54.01 | - | 93.99 |
Ratnaveer Precision Engineering Ltd IPO Prospectus
Ratnaveer Precision Engineering Ltd IPO Listing Date
| Listing Date | 11 September 2023 |
| BSE Script | 543978 |
| NSE Symbol | RATNAVEER |
| Listing In | BSE, NSE |
| ISIN | INE05CZ01011 |
| IPO Price | ₹98 |
| Face Value | ₹10 |
Company Contact Information
Plot No E-77 GIDCSavli (Manjusar),Vadodara-391775
Phone: 91-8487878075
Email: cs@ratnaveer.com
Website: www.ratnaveer.com
Ratnaveer Precision Engineering Ltd IPO Registrar
Ratnaveer Precision Engineering Ltd IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of Ratnaveer Precision Engineering Ltd IPO?
I have pre-applied for Ratnaveer Precision Engineering Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.