Established in 2002, Ratnaveer Precision Engineering Limited is a leading manufacturer specializing in the production of stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.
The company’s wide range of stainless steel-based products caters to various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and more.
Ratnaveer Precision Engineering operates four manufacturing units strategically located in Gujarat, India. Units I and II, situated at GIDC, Savli, Vadodara, focus on manufacturing SS finishing sheets, washers, and solar mounting hooks. Meanwhile, Unit III in Waghodia, Vadodara, is dedicated to the vital melting process, converting steel scrap into steel ingots. Unit IV, located at GIDC, Vatva, Ahmedabad, handles the rolling of flat ingots into SS sheets – a key material for producing SS washers.
With an eye towards expanding its product portfolio, Ratnaveer plans to enhance its SS washers collection by incorporating circlips. Presently, the company offers a comprehensive range of over 2,500 SKUs of SS washers, encompassing 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, the company has secured a 99-year lease from GIDC for adjacent land at E-78, GIDC Industrial Estate, Savli, Dist. Vadodara, Gujarat.
In the fiscal year 2023, Ratnaveer Precision Engineering achieved a significant milestone, recording a total revenue of Rs. 4,797.30 million from its operations. This figure comprises both a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.
Ratnaveer Precision Engineering Ltd Stock Quote #
- Open: ₹127.45
- High – Low: ₹127.50 – ₹122.90
- Previous Close: ₹129.35
- Total Traded Value: 13,56,001
- 52 Weeks High: ₹134.40 (Sep 11, 2023)
- 52 Weeks Low: ₹123.00 (Sep 11, 2023)
- Updated On: Sep 12, 2023 4:00 PM
Ratnaveer Precision Engineering IPO Details #
Ratnaveer Precision Engineering IPO is a Book Built Issue. The IPO total issue size is Rs 165.03 Cr. The Ratnaveer Precision Engineering IPO price is ₹93 to ₹98 per share. The IPO will list on BSE, NSE.
| IPO Date | September 4, 2023 to September 6, 2023 |
| Listing Date | September 11, 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 |
Ratnaveer Precision Engineering IPO Reservation #
Ratnaveer Precision Engineering IPO a total of 16,840,000 shares are offered. QIB: 3,368,000 (20.00%), RII: 5,894,000 (35.00%), NII: 2,526,000 (15.00%).
| Anchor Investor Shares Offered | 5,052,000 (30.00%) |
| QIB Shares Offered | 3,368,000 (20.00%) |
| NII (HNI) Shares Offered | 2,526,000 (15.00%) |
| Retail Shares Offered | 5,894,000 (35.00%) |
| Total Shares Offered | 16,840,000 (100%) |
Ratnaveer Precision Engineering IPO Anchor Investors Details #
Ratnaveer Precision Engineering IPO raises Rs 49.51 crore from anchor investors. Ratnaveer Precision Engineering IPO Anchor bid date is September 1, 2023. Ratnaveer Precision Engineering IPO Anchor Investors list
| Bid Date | September 1, 2023 |
| Shares Offered | 5,052,000 |
| Anchor Portion Size (In Cr.) | 49.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 19, 2024 |
Ratnaveer Precision Engineering IPO Timetable (Tentative) #
Ratnaveer Precision Engineering IPO opens on September 4, 2023, and closes on September 6, 2023.
| IPO Open Date | Monday, September 4, 2023 |
| IPO Close Date | Wednesday, September 6, 2023 |
| Basis of Allotment | Thursday, September 7, 2023 |
| Initiation of Refunds | Friday, September 8, 2023 |
| Credit of Shares to Demat | Friday, September 8, 2023 |
| Listing Date | Monday, September 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 6, 2023 |
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 |
| Lot Size Calculator | |||
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% |
Company Financials #
| 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 #
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 475.29 |
| ROE | 29.12% |
| ROCE | 12.62% |
| Debt/Equity | 2.17 |
| EPS (Rs) | 7.26 |
| RoNW | 29.12% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Funding the working capital requirements of the company.
- General corporate purposes
Ratnaveer Precision Engineering IPO Subscription Status (Bidding Detail) #
The Ratnaveer Precision Engineering IPO is subscribed 93.99 times on Sep 6, 2023 7:02:00 PM. The public issue subscribed 54.00 times in the retail category, 133.05 times in the QIB category, and 135.21 times in the NII category.
| Category | Subscription (times) |
|---|---|
| QIB | 133.05 |
| NII | 135.21 |
| bNII (bids above ₹10L) | 130.63 |
| sNII (bids below ₹10L) | 144.37 |
| Retail | 54.00 |
| Total | 93.99 |
Total Application : 2,077,306 (52.87 times)
Ratnaveer Precision Engineering IPO Prospectus #
- Ratnaveer Precision Engineering IPO DRHP
- Ratnaveer Precision Engineering IPO RHP
- Anchor Investors in Ratnaveer Precision Engineering IPO
Ratnaveer Precision Engineering IPO Listing Details #
| Listing Date | September 11, 2023 |
| BSE Script Code | 543978 |
| NSE Symbol | RATNAVEER |
| ISIN | INE05CZ01011 |
| Final Issue Price | ₹98 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹98.00 |
| ₹128.00 |
| ₹123.00 |
| ₹134.40 |
| ₹134.40 |
| NSE |
|---|
| ₹98.00 |
| ₹123.20 |
| ₹123.00 |
| ₹129.35 |
| ₹129.35 |
Company Contact Information #
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 #
Phone: +91-22-4918 6270
Email: ratnaveerprecision.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Ratnaveer Precision Engineering IPO Lead Manager(s) #
FAQs #
What is the price range of Ratnaveer Precision Engineering IPO shares? #
The Ratnaveer Precision Engineering IPO shares are priced between [.] and [.] per share.
When is the IPO listing date for Ratnaveer Precision Engineering? #
The IPO listing for Ratnaveer Precision Engineering is scheduled from September 4, 2023, to September 6, 2023.
How does the IPO structure of Ratnaveer Precision Engineering include fresh issue and offer-for-sale? #
The IPO consists of a fresh issue of 1.38 crore equity shares by the company and an offer-for-sale of 30.4 lakh shares.
What does Ratnaveer Precision Engineering manufacture? #
Ratnaveer Precision Engineering specializes in manufacturing stainless steel products, including finished sheets, washers, and solar components.
Where can I check the subscription status of Ratnaveer Precision Engineering IPO? #
You can find the live subscription status of Ratnaveer Precision Engineering IPO on both BSE and NSE.
How many shares are reserved for HNIs and retail investors in the Ratnaveer Precision Engineering IPO? #
Details regarding the allocation of shares for HNIs and retail investors in the Ratnaveer Precision Engineering IPO can be found in the official prospectus.
Please note that the information provided is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
