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Ratnaveer Precision Engineering Limited
Issue Size (Net)
up to Rs.165.03 Cr
Price Band
Rs.93 to Rs.98 per share
Issue Opens
Sep 04, 2023
Issue Closes
Sep 06, 2023

Company Highlights

1.Company Information

Incorporated in 2002, Ratnaveer Precision Engineering Limited manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.

The company manufactures stainless steel-based products for automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, and other industries.

Ratnaveer Precision Engineering has 4 manufacturing units out of which two units; Unit-I and Unit-II are located at GIDC, Savli, Vadodara, Gujarat, Unit-III is located at Waghodia, Vadodara, Gujarat, and Unit-IV is located at GIDC, Vatva, Ahmedabad, Gujarat. The company manufactures SS finishing sheets, SS washers, and SS solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process.

2. Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1. Funding the working capital requirements of the company.

2. General corporate purposes

3.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 Financial Information (Restated)

Period Ended
Assets
Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-21
255.92
364.05
5.46
56.58
52.32
150.76
31-Mar-22
308.63
428.47
9.48
65.97
61.71
190.73
31-Mar-23
389.05
481.14
25.04
106.05
71.16
229.99
Amount in Rs. Crore

Ratnaveer Precision Engineering IPO Details

Issue Opening Date
Sep 04, 2023
Issue Closing Date
Sep 06, 2023
Listing Date
Thursday, 14 September 2023
Face Value
Rs.10 per share
Price
Rs.93 to Rs.98 per share
Lot Size
150 Shares
Issue Size
16,840,000 shares (aggregating up to Rs.165.03 Cr)
Fresh Issue
13,800,000 shares (aggregating up to Rs.135.24 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Ratnaveer Precision Engineering IPO Timetable (Tentative)

Event
Tentative Date
Opening Date
Monday, 04 September 2023
Closing Date
Wednesday, 06 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

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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