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
The Ratnaveer Precision Engineering IPO opens for subscription from [-] to [-], with a total issue size of ₹165.03 Cr. The IPO price band is ₹98 to ₹0 per share with a lot size of 150. The company aims to list the shares on BSE & NSE on 11-09-2023.
The Ratnaveer Precision Engineering IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Ratnaveer Precision Engineering IPO is 150 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Ratnaveer Precision Engineering IPO has been fixed at ₹98 to ₹0 per equity share.
You can apply for the Ratnaveer Precision Engineering IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Ratnaveer Precision Engineering IPO allotment will take place on [-].
You can check the Ratnaveer Precision Engineering IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Ratnaveer Precision Engineering shares will list on the stock exchanges on 11-09-2023.
The Ratnaveer Precision Engineering Limited IPO has an issue size of Rs. 165.03 crores. The IPO opens for subscription on 4th September and closes on 6th September 2023.
Link Intime India Private Limited is the registrar for this IPO.
You may read more about Ratnaveer Precision Engineering Limited and its IPO from the company’s red herring prospectus (RHP) here: Ratnaveer Precision Engineering Limited RHP.
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