Ratnaveer Precision Engineering IPO GMP Details
Ratnaveer Precision Engineering Limited, Incorporated in 2002, specializes in the manufacturing of stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.
The company’s product range encompasses stainless steel-based items tailored for diverse industries, including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, chimney liners, and more.
Operating from four manufacturing units, Ratnaveer Precision Engineering boasts two units, Unit-I and Unit-II, located in GIDC, Savli, Vadodara, Gujarat, while Unit-III is situated at Waghodia, Vadodara, Gujarat, and Unit-IV is based in GIDC, Vatva, Ahmedabad, Gujarat. Unit I and Unit II are responsible for producing SS finishing sheets, SS washers, and SS solar mounting hooks, whereas Unit III focuses on the crucial melting process, converting steel scrap into steel ingots. Unit IV handles the rolling process, transforming flat ingots into raw SS sheets, a vital component for SS washers.
The company aims to enhance its SS washer portfolio by introducing circlips to its product line. Currently offering an extensive range 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 varying sizes and specifications. To facilitate this expansion, Ratnaveer Precision Engineering has secured land adjacent to Unit I, located at E-78, GIDC Industrial Estate, Savli, Dist. Vadodara, Gujarat, through a 99-year lease from GIDC.
In the fiscal year 2023, the company achieved a total revenue from operations amounting to Rs. 4,797.30 million, comprising a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.
Objects of the Issue
The company aims to employ the net proceeds from the issue to fulfill the following objectives:
- Funding Working Capital Requirements: To cater to the company’s working capital needs, ensuring smooth operational activities.
- General Corporate Purposes: Utilizing funds for general corporate purposes, enhancing overall operational efficiency and supporting growth initiatives.
Ratnaveer Precision Engineering IPO Details
The Ratnaveer Precision Engineering IPO is a Book Built Issue with a total issue size of Rs 165.03 Crores. The IPO shares are priced in the range of ₹93 to ₹98 per share, and the IPO is set to be listed on both BSE and NSE.
IPO Date | September 4, 2023 to September 6, 2023 |
Listing Date | 14 September 2023 |
Face Value | ₹10 per share |
Price | ₹93 to ₹98 per share |
Lot Size | 150 Shares |
Total Issue Size | 16,840,000 shares (aggregating up to ₹165.03 Cr) |
Fresh Issue | 13,800,000 shares (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 | BSE, NSE |
Share holding pre issue | 34,699,040 |
Share holding post issue | 48,499,040 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Ratnaveer Precision Engineering IPO Reservation
QIB Shares Offered | Not more than 50.00% of the Net offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
Ratnaveer Precision Engineering IPO Lot Size
The minimum lot size of this Ratnaveer Precision Engineering IPO is 150 shares required is ₹14,700.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 150 | ₹14,700 |
Retail (Max) | 13 | 1950 | ₹191,100 |
S-HNI (Min) | 14 | 2,100 | ₹205,800 |
S-HNI (Max) | 68 | 10,200 | ₹999,600 |
B-HNI (Min) | 69 | 10,350 | ₹1,014,300 |
Ratnaveer Precision Engineering IPO Dates
Ratnaveer Precision Engineering IPO opens on Sep 4, 2023, and closes on Sep 6, 2023.
IPO Open Date | Monday, 4 September 2023 |
IPO Close Date | Wednesday, 6 September 2023 |
Basis of Allotment | Monday, 11 September 2023 |
Initiation of Refunds | Tuesday, 12 September 2023 |
Credit of Shares to Demat | Wednesday, 13 September 2023 |
Listing Date | Thursday, 14 September 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Sep 6, 2023 |
Ratnaveer Precision Engineering Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 255.92 | 308.63 | 389.05 |
Revenue | 364.05 | 428.47 | 481.14 |
Profit After Tax | 5.46 | 9.48 | 25.04 |
Net Worth | 56.58 | 65.97 | 106.05 |
Reserves and Surplus | 52.32 | 61.71 | 71.16 |
Total Borrowing | 150.76 | 190.73 | 229.99 |
Key Performance Indicator of Ratnaveer Precision Engineering
KPI | Values |
---|---|
ROE | 29.12% |
ROCE | 12.62% |
Debt/Equity | 2.17 |
EPS (Rs) | 7.26 |
RoNW | 29.12% |
Ratnaveer Precision Engineering IPO Promoter Holding
Mr. Vijay Ramanlal Sanghavi is the company’s promoter.
Pre Issue Share Holding | 86.3% |
Post Issue Share Holding | 55.48% |
Ratnaveer Precision Engineering Contact Information
Ratnaveer Precision Engineering Limited
Plot no. E-77, G.I.D.C.,
Savli (Manjusar), Vadodara – 391 775
Phone: +91 8487878075
Email: cs@ratnaveer.com
Website: https://ratnaveer.com/
Ratnaveer Precision Engineering IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ratnaveerprecision.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Ratnaveer Precision Engineering IPO FAQs
What is Ratnaveer Precision Engineering IPO?
The Ratnaveer Precision Engineering IPO is a main-board offering, consisting of 16,840,000 equity shares with a face value of ₹10 each, and it aims to raise ₹165.03 Crores. The IPO shares are priced in the range of ₹93 to ₹98 per share, and the minimum order quantity is set at 150 Shares. Investors can subscribe to this IPO from September 4, 2023, until September 6, 2023.
Link Intime India Private Ltd is the registrar for this IPO, and the shares are intended to be listed on both BSE and NSE.
When does the Ratnaveer Precision Engineering IPO open and close?
The Ratnaveer Precision Engineering IPO opens for subscription on September 4, 2023, and closes on September 6, 2023.
Who is the registrar for the Ratnaveer Precision Engineering IPO?
Link Intime India Private Ltd is the registrar for the Ratnaveer Precision Engineering IPO.
Where will the Ratnaveer Precision Engineering shares be listed?
The shares are proposed to be listed on both BSE and NSE.
How can I apply for Ratnaveer Precision Engineering IPO through Zerodha?
Zerodha customers can apply for the Ratnaveer Precision Engineering IPO online using UPI as a payment gateway. To apply, log in to Zerodha Console (back office), navigate to Portfolio, click on the IPOs link, find the ‘Ratnaveer Precision Engineering IPO’ row, and click the ‘Bid’ button. Enter your UPI ID, Quantity, and Price, then submit the IPO application form. Approve the mandate through your UPI App (net banking or BHIM).
When does the Ratnaveer Precision Engineering IPO open and close?
The Ratnaveer Precision Engineering IPO opens for subscription on September 4, 2023, and closes on September 6, 2023.
What is the lot size of Ratnaveer Precision Engineering IPO?
The lot size for the Ratnaveer Precision Engineering IPO is 150 shares, requiring a minimum investment of ₹14,700.
How can I apply for Ratnaveer Precision Engineering IPO?
You can apply for the Ratnaveer Precision Engineering IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available through the net banking of your bank account, while UPI IPO application is offered by brokers who don’t provide banking services.
When will the allotment of Ratnaveer Precision Engineering IPO shares occur?
The finalization of Basis of Allotment for Ratnaveer Precision Engineering IPO is scheduled for Monday, September 11, 2023. Allotted shares will be credited to your demat account by Wednesday, September 13, 2023. You can check the Ratnaveer Precision Engineering IPO allotment status.
When is the expected listing date for Ratnaveer Precision Engineering IPO?
The Ratnaveer Precision Engineering IPO listing date is yet to be announced. The tentative listing date for the Ratnaveer Precision Engineering IPO is Thursday, September 14, 2023.