Ratnaveer Precision Engineering IPO Date, Price, Review
Ratnaveer Precision Engineering IPO: Know everything about Ratnaveer Precision Engineering IPO. Ratnaveer Precision Engineering Limited IPO Date, Ratnaveer Precision Engineering IPO Review and analysis. We will discus about Ratnaveer Precision Engineering IPO Benefits & Risks. Also, all information related to Ratnaveer Precision Engineering IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Ratnaveer Precision Engineering IPO
Ratnaveer Precision Engineering is a India’s leading stainless steel washers manufacturer & suppliers. Ratnaveer Precision Engineering Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 165.03 crore through IPO (Initial public offering).
Ratnaveer Precision Engineering IPO will open on 04 September 2023 and close on 06 September 2023. The price band of the Ratnaveer Precision Engineering IPO is ₹93 to ₹98. Ratnaveer Precision Engineering IPO size is 165.03 Crores. The offer includes 135.34 Crores under fresh issue and 29.79 Crores under offer for sale. Ratnaveer Precision Engineering IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Ratnaveer Precision Engineering's IPO listing date is 14 September 2023. You can learn about Ratnaveer Precision Engineering IPO GMP (Grey Market Premium) below.
The Ratnaveer Precision Engineering has given good financial performance. The company made a profit of ₹25.04 crores in the financial year 2023 (March 2023). The IPO of Ratnaveer Precision Engineering will be listed on NSE and BSE. Ratnaveer Precision Engineering IPO face value is ₹10 per equity share.
We will talk about Ratnaveer Precision Engineering' financials, benefits, and risks of investing in the company.
About Ratnaveer Precision Engineering Limited
Ratnaveer Precision Engineering limited produce more than 2500 washers in different sizes and international standards. The company incorporates an in-house backward integrated manufacturing facility, which makes us independent to manufacture any product size at any time. This has given us the confidence to explore the international markets and gain acceptance in all across the world.
Right since the beginning, the focus was on the global markets with strong understanding and experience of stainless steel industry, which the promoters had through their earlier association with the companies manufacturing and exporting a variety of stainless steel products.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Ratnaveer Precision Engineering IPO Date and Price Band Details
| IPO Open: | 04 September 2023 |
| IPO Close: | 06 September 2023 |
| Listing Date: | 14 September 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹165.03 crores |
| Fresh Issue: | Approx ₹135.24 crores |
| Offer For Sale: | Approx ₹29.79 crores |
| Price Band: | ₹93 to ₹98 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Ratnaveer Precision Engineering IPO Lot Size Details
| Application | Lot | Share | Amount |
| Retail (Min) | 01 | 50 | 14,700 |
| Retail (Max) | 13 | 1950 | 191,100 |
| S-HNI (Min) | 14 | 2100 | 205,800 |
| S-HNI (Max) | 68 | 10,200 | 999,600 |
| B-HNI (Min) | 69 | 10,350 | 1,014,300 |
Ratnaveer Precision Engineering IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 04 September 2023 |
| IPO Closing Date: | 06 September 2023 |
| Basis of Allotment: | 11 September 2023 |
| Refund Date: | 12 September 2023 |
| Credit to Demat Account: | 13 September 2023 |
| Listing Date: | 14 September 2023 |
Ratnaveer Precision Engineering Ltd Financials
Ratnaveer Precision Engineering Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹ | ₹ | ₹ |
| 2020 | ₹255.92 | ₹364.05 | ₹21.91 |
| 2021 | ₹308.63 | ₹428.47 | ₹45.44 |
| 2022 | ₹389.05 | ₹481.14 | ₹91.94 |
Ratnaveer Precision Engineering IPO Review
| Happiest Post | Apply |
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| Motilal Oswal | Not Rated yet |
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Ratnaveer Precision Engineering IPO Allotment Status
Ratnaveer Precision Engineering IPO allotment status will be available from 11 September 2023. You can check Ratnaveer Precision Engineering's IPO allotment status on our website.
Ratnaveer Precision Engineering Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Contact Details of Ratnaveer Precision Engineering
Plot no. E-77, G.I.D.C.,
Savli (Manjusar),
Vadodara - 391 775, Gujrat
Telephone: +91 8487878075
E-mail: cs@ratnaveer.com
Website:https://ratnaveer.com/
Ratnaveer Precision Engineering Lead Managers
- Unistone Capital Pvt Ltd
Ratnaveer Precision Engineering IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: ratnaveerprecision.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2023, the company had a profit of Rs 25.04 crore. The company operates in many different sectors. Our suggestion is that you can apply for decent listing gains in Ratnaveer Precision Engineering Limited IPO. Ratnaveer Precision Engineering Limited IPO financial details and other information are given above.
Ratnaveer Precision Engineering IPO FAQs
Also Read
How to Apply the Aeroflex Industries Ltd IPO with Zerodha?
- Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
- If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO.
- You will see the IPO name "Aeroflex Industries Ltd".
- Then, Click on Bid Button.
- Then, Enter your UPI ID.
- Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
- Then Submit the IPO Application Form.
- Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about Ratnaveer Precision Engineering IPO. If you have a query about Ratnaveer Precision Engineering IPO, Please leave a comment. Here you can also stay updated about the IPO Allotment Status and upcoming IPO. Also, you can track IPO performance. You can use our tools Stock Average Calculator, Profit and Loss Calculator, and SIP Calculator for free. Thanks for Visiting. Happy Investing.
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