Ratnaveer Precision Engineering IPO Price: ₹93 to ₹98 per share
IPO Date Range: Sep 4, 2023 - Sep 6, 2023
Incorporated in 2002, Ratnaveer Precision Engineering Limited is a prominent manufacturer of stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.
The company's products cater to a diverse range of sectors, including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, and more.
Ratnaveer Precision Engineering boasts four manufacturing units:
The company offers an extensive range of over 2,500 SKUs of SS washers, including inner ring washers, spring washers, Nord lock washers, and more. They are also planning to expand their portfolio by introducing circlips to their product line.
For the fiscal year 2023, Ratnaveer Precision Engineering reported a total revenue of Rs. 4,797.30 million, comprising a domestic turnover of Rs. 3,875.39 million and an export turnover of Rs. 921.91 million.
| IPO Date | Sep 4, 2023 to Sep 6, 2023 |
| Listing Date | Sep 14, 2023 |
| Face Value | ₹10 per share |
| Price | ₹93 to ₹98 per share |
| Lot Size | 150 Shares |
| Total Issue Size | 16,840,000 shares (aggregating up to ₹165.03 Cr) |
| Fresh Issue | 13,800,000 shares (aggregating up to ₹135.24 Cr) |
| Offer for Sale | 3,040,000 shares of ₹10 (aggregating up to ₹29.79 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 34,699,040 |
| Shareholding post issue | 48,499,040 |
For Ratnaveer Precision Engineering, the minimum lot size is 150 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,700 |
| Retail (Max) | 13 | 1950 | ₹191,100 |
| S-HNI (Min) | 14 | 2,100 | ₹205,800 |
| S-HNI (Max) | 68 | 10,200 | ₹999,600 |
| B-HNI (Min) | 69 | 10,350 | ₹1,014,300 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| IPO Open Date | Monday, September 4, 2023 |
| IPO Close Date | Wednesday, September 6, 2023 |
| Basis of Allotment | Monday, September 11, 2023 |
| Initiation of Refunds | Tuesday, September 12, 2023 |
| Credit of Shares to Demat | Wednesday, September 13, 2023 |
| Listing Date | Thursday, September 14, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 6, 2023 |
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Ratnaveer Precision Engineering reported assets of ₹389.05 Cr and a revenue of ₹481.14 Cr as of Mar 31, 2023. Here you can get the complete data of past three years:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 255.92 | 308.63 | 389.05 |
| Revenue | 364.05 | 428.47 | 481.14 |
| Profit After Tax | 5.46 | 9.48 | 25.04 |
| Net Worth | 56.58 | 65.97 | 106.05 |
| Reserves and Surplus | 52.32 | 61.71 | 71.16 |
| Total Borrowing | 150.76 | 190.73 | 229.99 |
The market capitalization of Ratnaveer Precision Engineering IPO stands at Rs 475.29 Crore, with a P/E ratio of 13.49.
| KPI | Values |
|---|---|
| P/E (x) | 13.49 |
| Market Cap (₹ Cr.) | 475.29 |
| ROE | 29.12% |
| ROCE | 12.62% |
| Debt/Equity | 2.17 |
| EPS (Rs) | 7.26 |
| RoNW | 29.12% |
Ratnaveer Precision Engineering Limited aims to raise funds through this IPO for the following objectives:
Prospectus: Official documents that provide detailed information about the IPO and the company. Ratnaveer Precision Engineering IPO DRHP and Ratnaveer Precision Engineering IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
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