Ratnaveer Precision Engineering IPO Details
Issue Date
--
Price Range
₹98
Lot Size
150
IPO Size
₹165.03 Cr
Ratnaveer Precision Engineering IPO Listing Details
Listing On
11 Sep'23
Issue Price
--
Listed Price
₹ 123.2
Retail Gain/Listing Gain
▲25.71%
Schedule of Ratnaveer Precision Engineering IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
11/09/2023
Company Background
Ratnaveer Precision Engineering Ltd. is a stainless steel product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion-resistant properties. Higher levels of chromium and additions of other alloy elements enhance the corrosion resistance. Compared to traditional steel, stainless steel has a higher resistance to corrosion, a superior aesthetic finish and a higher life span.
Their products have applications across diverse industries, including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc. These products are utilised in both commercial and residential sectors, and they are distributed within India and overseas.
Risk Factors
- Long-term contractual agreements with raw material suppliers are not in place.
- The pricing in the steel industry is subject to market demand, volatility and economic conditions.
- While the company is not dependent on a single customer, they are dependent on a few customers for a major part of their revenues.
Key Strategies
Here are a few strategies for Ratnaveer Precision Engineering Limited has for its business:
- Continue to add to the product portfolio by introducing new designs
- Technology integration and plant automation for cost efficiency and improved productivity.
- Maintain a diverse, longstanding and growing global customer base.
Key Financials
And finally here’s a look at key financials of Ratnaveer Precision Engineering Limited.
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