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RATNAVEEREQ / NSE, BSEListed

Ratnaveer Precision Engineering Limited

Ratnaveer Precision Engineering Limited, incorporated in 2002, manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes for industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and chimney liners. The company operates four manufacturing units in Gujarat: Unit I and II at GIDC Savli (finished sheets, washers, solar hooks, and pipes/tubes), Unit III at Waghodia (melting unit), and Unit IV at GIDC Vatva (rolling unit). Ratnaveer offers over 2,500 SKUs of stainless steel washers and plans to expand into circlips, with additional land leased at GIDC Savli for expansion. In FY2023, the company recorded Rs. 4,797.30 million in revenue, comprising Rs. 3,875.39 million domestic and Rs. 921.91 million export turnover.

₹93 - ₹9893.97x sub
Listed Price123.20
Listing Gain+25.71%
TimelineBook Built Issue IPO
Open04 Sep 2023
Close06 Sep 2023
Allotment08 Sep 2023
Listing11 Sep 2023

Quota Reservation Portions

QIBPortion: 84,20,000 shares
50%
Nii (hni)Portion: 25,26,000 shares
15%
RetailPortion: 58,94,000 shares
35%

Minimum Application Bracket Matrix

Retail1 lots / 1 shares
₹14,700
sHNI14 lots / 14 shares
₹2,05,800
bHNI69 lots / 69 shares
₹10,14,300

About the Company

Ratnaveer Precision Engineering Limited, incorporated in 2002, manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes for industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and chimney liners. The company operates four manufacturing units in Gujarat: Unit I and II at GIDC Savli (finished sheets, washers, solar hooks, and pipes/tubes), Unit III at Waghodia (melting unit), and Unit IV at GIDC Vatva (rolling unit). Ratnaveer offers over 2,500 SKUs of stainless steel washers and plans to expand into circlips, with additional land leased at GIDC Savli for expansion. In FY2023, the company recorded Rs. 4,797.30 million in revenue, comprising Rs. 3,875.39 million domestic and Rs. 921.91 million export turnover.

Company Promoters

Mr. Vijay Ramanlal Sanghavi