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.
Competitive Strengths
Synergistic Business Model focused on Backward Integration
Consistent financial performance
Customer Diversification
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.
How to apply for IPO through ASBA
Kotak Neo
•00m 59s
Ratnaveer Precision Engineering IPO FAQs
Trending IPOs
05 Mar - 09 Mar'26 | |||||||||
06 Mar - 10 Mar'26 | |||||||||
18 Mar - 20 Mar'26 | |||||||||
11 Mar - 13 Mar'26 | |||||||||
11 Mar - 13 Mar'26 | |||||||||
Trending IPOs
05 Mar - 09 Mar'26 | |||||||||
06 Mar - 10 Mar'26 | |||||||||
18 Mar - 20 Mar'26 | |||||||||
11 Mar - 13 Mar'26 | |||||||||
11 Mar - 13 Mar'26 | |||||||||