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RATNAVEEREQ / NSE, BSEListed
Ratnaveer Precision Engineering

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 Price₹123.20
Listing Gain+25.71%

IPO Schedule & Timeline

Book Built Issue IPO
Open04 Sep 2023
Close06 Sep 2023
Allotment08 Sep 2023
Listing11 Sep 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB84,20,000 shares
50%
Nii (hni)25,26,000 shares
15%
Retail58,94,000 shares
35%

Minimum Application Lots

Retail1 Lot (1 shares)
₹14,700
sHNI14 Lots (14 shares)
₹2,05,800
bHNI69 Lots (69 shares)
₹10,14,300

Company Promoters

Mr. Vijay Ramanlal Sanghavi

Company Background

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 appl...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (31 Mar 2021)₹364.05 Cr
Growth-24.3%
Revenue Trend (₹ in Crores)
0.0184.4368.9553.331 Mar 202331 Mar 202231 Mar 2021
PeriodRev (Cr)PAT (Cr)AssetsDebt
31 Mar 2021364.055.46255.92150.76
31 Mar 2022428.479.48308.63190.73
31 Mar 2023481.1425.04389.05229.99

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values7.2629.12%12.62%018.99

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
08 Sep 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
11 Sep 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Ratnaveer Precision Engineering. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization08 Sep 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date11 Sep 2023Trading commences on exchange

How to Check Ratnaveer Precision Engineering Allotment Online

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Ratnaveer Precision Engineering IPO

Complete issue overview for Ratnaveer Precision Engineering (RATNAVEER) IPO. The issue features an equity share price band of ₹93 – ₹98 per share with a minimum retail lot size of 150 Shares (minimum application amount of ₹14,700). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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