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Ratnaveer Precision Engineering Ltd

Steel

Offer Period :

4th to 6th Sep 2023

Founded in 2002, Ratnaveer Precision Engineering specializes in manufacturing stainless steel products for diverse industries, with units in Vadodara and Ahmedabad, Gujarat. It plans to enhance its SS washers line by incorporating circlips, expanding its extensive portfolio. Read more... In fiscal year 2023, the company achieved a total revenue of Rs. 4,797.30 million.Read less

Ratnaveer Precision Engineering Ltd IPO Details

IPO Date 4th to 6th Sep 2023 Minimum Investment ₹14700 / 1 Lots
Listing Date 2023-09-11 Maximum Investment ₹191100 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹156.61 Crores
Price ₹98 to ₹98 per share Fresh Issue ₹128.34 Crores
Lot Size 1 Lots (150 Shares) Offer For Sale ₹ 28.27
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 4th to 6th Sep 2023
Listing Date 2023-09-11
Face Value ₹10 per share
Price ₹98 to ₹98 per share
Lot Size 1 Lots (150 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14700 / 1 Lots
Maximum Investment ₹191100 / 13 Lots
Total Issue Size ₹156.61 Crores
Fresh Issue ₹128.34 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

4th Sep

IPO Starts

6th Sep

IPO Ends

7th Sep

Allotment Date

8th Sep

Initiation of Refund

8th Sep

Credit of Shares to Demat Account

11th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 83.6 0
Public Group 16.4 0

Ratnaveer Precision Engineering Ltd IPO Reservation

QIB Shares Offered 8420000(50%)
NII (HNI) Shares Offered 2526000(15%)
Retail Shares Offered 5894000(35%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 16840000
Total Shares With Anchor Investor 16840000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Ratnaveer Precision Engineering Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id ratnaveerprecision.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Ratnaveer Precision Engineering Ltd IPO Lead Manager

1. Unistone Capital Pvt Ltd

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Ratnaveer Precision Engineering Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Ratnaveer Precision Engineering Ltd

1. Wide product portfolio and multiple designs product enables the company to serve diverse end-use applications.

2. Experienced Promoter

3. Synergy of young and experienced management team with a committed employee base

4. Establish Presence in the international markets

5. Strategically located manufacturing facilities with a core focus on quality;

6. Quality Assurance and Quality Control of its products;

7. Growth led by continuous investment and R&D set up for new product development.

Risks Involved

1. The company do not have long-term agreements with the company suppliers for raw materials and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a negative impact on the company business, results of operations, financial condition and cash flows.

2. The pricing in the steel industry is subject to market demand, volatility and economic conditions. Fluctuations in steel prices may have a material adverse impact on its business, results of operations, prospects and financial conditions.

3. The company is dependent on a few customers for a major part of its revenues. Further the company do not enter into long-term arrangements with its customers and any failure to continue the company existing arrangements could adversely affect its business and results of operations.

4. A significant portion of the company domestic sales are derived from the western and north zone and any adverse developments in this market could adversely affect its business.

5. The company business is working capital intensive. If its experience insufficient cash flows from the operations or are unable to borrow to meet the company working capital requirements, it may materially and adversely affect its business and results of operations.

6. The company business is a high volume-low margin business. Due to this nature of its business, sudden changes with respect to price movements in goods being traded or sudden ad hoc anomalies in business or operations could substantially affect the company net bottom lines and hence, adversely affect its results of operations and financial conditions.

7. The company has experienced negative cash flows in relation to its operating, investing and financing activities in the last three financial years. Any negative cash flows in the future would adversely affect the company results of operations and financial condition.

8. The company operate in a highly competitive and fragmented industry with low barriers to entry and may be unable to compete successfully against existing or new competitors, the organized and unorganized.

9. The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

10. Most of the company Directors do not have any prior experience of being a director in any other listed company in India.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Ratnaveer Precision Engineering Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-09-11 543978 RATNAVEER
INE05CZ01011
₹98 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹98 ₹98
Open ₹128 ₹123.2
Low ₹123 ₹123
High ₹134.4 ₹129.35
Low ₹123 ₹123

Frequently Asked Questions

What is Ratnaveer Precision Engineering Ltd IPO?

Answer Field

Ratnaveer Precision Engineering Ltd IPO is a Mainboard IPO of 1,68,40,000 equity shares of a face value of ₹10 aggregating up to ₹156.61 Crores. The issue is priced at ₹98 to ₹98 per share. The minimum order quantity is 150 Shares. The IPO opens on September 04, 2023, and closes on September 06, 2023. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Ratnaveer Precision Engineering Ltd IPO will open?

Answer Field

The Ratnaveer Precision Engineering Ltd IPO opens on September 04, 2023 and closes on September 06, 2023.

What is the lot size of Ratnaveer Precision Engineering Ltd?

Answer Field

Ratnaveer Precision Engineering Ltd lot size is 150 shares, and the minimum amount required is ₹14,700.

How to apply for Ratnaveer Precision Engineering Ltd IPO?

Answer Field

You can apply in Ratnaveer Precision Engineering Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Ratnaveer Precision Engineering Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Ratnaveer Precision Engineering Ltd IPO will be done on September 07, 2023, and the allotted shares will be credited to your demat account by September 08, 2023.

When is Ratnaveer Precision Engineering Ltd IPO listing date?

Answer Field

The Ratnaveer Precision Engineering Ltd listing date is September 11, 2023.

Who is the registrar of Ratnaveer Precision Engineering Ltd IPO?

Answer Field

The registrar of Ratnaveer Precision Engineering Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Ratnaveer Precision Engineering Ltd IPO?

Answer Field

The fresh issue size is ₹128.34 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Ratnaveer Precision Engineering Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 150 shares and ₹14,700 amount.

How can I approve the UPI mandate request for Ratnaveer Precision Engineering Ltd IPO?

Answer Field

To apply for Ratnaveer Precision Engineering Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Ratnaveer Precision Engineering Ltd?

Answer Field

The price of each Ratnaveer Precision Engineering Ltd share will be ranging in between ₹98 to ₹98 per share.

What is the cut-off time for the UPI mandate for Ratnaveer Precision Engineering Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 06, 2023.

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