Ratnaveer Precision Engineering IPO GMP, Info, Price, Date, Allotment

 

Ratnaveer Precision Engineering Ipo- information details and more 

Ratnaveer Precision Engineering IPO GMP, Info, Price, Date, Allotment
Ratnaveer Precision Engineering IPO GMP, Info, Price, Date, Allotment

Ratnaveer Precision Engineering about company 

 

Ratnaveer Precision Engineering Limited is a stainless steel (“SS”) product manufacturer focused on manufacturing finished sheets, washers, solar roof hooks and tubes. 

 

The company has four manufacturing units, two of which (Unit I and Unit II) are located at GIDC, Sabri, Vadodara, Gujarat, one (Unit III) is located at Wagodia, Vadodara, Gujarat, and the other (Unit III) is located at Unit IV) is located at GIDC, Vatva, Ahmedabad, Gujarat. The company manufactures stainless steel endplates, SS washers and SS solar mounting hooks in unit I and in unit II he manufactures SS tubing and tubing. Unit III and Unit IV are dedicated to the backward integration process.

 

 Ratnaveer Precision Engineering products include Automotive, Solar Energy, Wind Energy, Power Generation, Oil & Gas, Pharmaceuticals, Plumbing & Plumbing, Instrumentation, Electrical Machinery, Building, Construction, Appliances, Transportation, Kitchen Equipment, Chimney Liners, and more.

company website – https://ratnaveer.com/index.html

Ratnaveer Precision Engineering IPO – Details

 

Ratnaveer Precision Engineering IPO Dates 4 – 6 September 2023
Ratnaveer Precision Engineering IPO Price INR 93 – 98 per share
Fresh issue 13,800,000 shares (INR 128.34 – 135.24 crore)
Offer For Sale 3,040,000 shares (INR 28.27 – 29.79 crore)
Total IPO size 16,840,000 shares (INR 156.61 – 165.03 crore)
Minimum bid (lot size) 150 shares (INR 14,700)
Face Value INR 10 per share
Retail Allocation 35%

 

Ratnaveer Precision IPO time  schedule 

IPO Opens on 04-Sep-23
IPO Closes on 06-Sep-23
Basis of Allotment 11-Sep-23
Initiation of Refunds 12-Sep-23
Credit of Shares to Demat 13-Sep-23
Listing Date 14-Sep-23
Cut-off time for UPI mandate confirmation 06-Sep-23

Ratnaveer Precision Engineering Financial

 

Particulars Total Revenue Total Expense Profit After Tax Total Borrowing
31 March 2021 364.05 354.45 5.45 150.76
31 March 2022 428.47 415.02 9.47 190.72
31 March 2023 481.14 450.43 25.04 229.98

 

AMT IN CR.

 

Objects of the Issue

 

  • Funding working capital requirements of our Company; and
  • General corporate purposes.

 

Ratnaveer Precision Engineering company strengths 

  •  INTEGRATED FACILITIES
  •  YOUNG AND DYNAMIC LEADERSHIP
  •  DEPTH OF ENGINEERING KNOWLEDGE AND EXPERIENCE
  •  DIVERSIFICATION AND FLEXIBILITIES
  •  HIGH SPEED AND PRECISION MACHINERY
  •  QUALITY ASSURED – ISO 9001 CERTIFIED
  •  HEALTH AND SAFETY ASSURED- OHSAS 18001 CERTIFIED
  •  ENVIRONMENTALLY AWARE – ISO 14001 CERTIFIED

Ratnaveer Precision Engineering IPO Peer Comparison

 

 

S. No. Face Value Company Name PE
1 10 M.M. Forgings Limited 20.26
2 1 Menon Bearings Limited 23.07
3 10 Venus Pipes & Tubes Limited 59.93

Ratnaveer Precision Engineering IPO GMP Today

Please check out IPO Grey Market Premium (GMP) for daily live gmp updates

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Ratnaveer Precision Engineering IPO FAQs

 

How many shares in Ratnaveer Precision Engineering IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Ratnaveer Precision Engineering Public Offer?

The best way to apply in Ratnaveer Precision Engineering public offer is through Internet banking ASBA You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Ratnaveer Precision Engineering IPO GMP today?

Ratnaveer Precision Engineering IPO GMP today is INR 15 per share.

 

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