{"id":4889,"date":"2023-09-01T11:30:25","date_gmt":"2023-09-01T06:00:25","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=4889"},"modified":"2023-09-09T10:38:43","modified_gmt":"2023-09-09T05:08:43","slug":"ratnaveer-precision-engineering-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/ratnaveer-precision-engineering-ipo\/","title":{"rendered":"Ratnaveer Precision Engineering IPO Details (NSE, BSE)"},"content":{"rendered":"\n<p><strong>Ratnaveer Precision Engineering IPO Price: <\/strong>\u20b993 to \u20b998 per share<strong><br>IPO Date Range:<\/strong> Sep 4, 2023 - Sep 6, 2023<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/09\/Ratnaveer-Precision-Engineering-Logo.png\" alt=\"Ratnaveer Precision Engineering IPO\" class=\"wp-image-4896\" style=\"width:276px;height:195px\" width=\"276\" height=\"195\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<p>Incorporated in 2002, Ratnaveer Precision Engineering Limited is a prominent manufacturer of stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes.<\/p>\n\n\n\n<p>The company's products cater to a diverse range of sectors, including automotive, solar power, wind energy, power plants, oil &amp; gas, pharmaceuticals, sanitary &amp; plumbing, and more.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Manufacturing Units - Ratnaveer Precision Engineering IPO:<\/strong><\/h2>\n\n\n\n<p>Ratnaveer Precision Engineering boasts four manufacturing units:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Unit-I and Unit-II:<\/strong>&nbsp;Located at GIDC, Savli, Vadodara, Gujarat. These units primarily manufacture SS finishing sheets, SS washers, and SS solar mounting hooks.<\/li>\n\n\n\n<li><strong>Unit-III:<\/strong>&nbsp;Located at Waghodia, Vadodara, Gujarat. This unit focuses on melting and converting melted steel scrap into steel ingots.<\/li>\n\n\n\n<li><strong>Unit-IV:<\/strong>&nbsp;Situated at GIDC, Vatva, Ahmedabad, Gujarat. This unit is dedicated to the rolling process, transforming flat ingots into SS sheets, which serve as the raw material for SS washers.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Product Portfolio - Ratnaveer Precision Engineering IPO:<\/strong><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Highlights - Ratnaveer Precision Engineering IPO:<\/strong><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bidding Ends In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-d5d81451 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>IPO Specifics<\/strong>:<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>Sep 4, 2023 to Sep 6, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Sep 14, 2023<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price<\/td><td>\u20b993 to \u20b998 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>150 Shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>16,840,000 shares<br>(aggregating up to \u20b9165.03 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>13,800,000 shares<br>(aggregating up to \u20b9135.24 Cr)<\/td><\/tr><tr><td>Offer for Sale<\/td><td>3,040,000 shares of \u20b910<br>(aggregating up to \u20b929.79 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Shareholding pre issue<\/td><td>34,699,040<\/td><\/tr><tr><td>Shareholding post issue<\/td><td>48,499,040<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Ratnaveer Precision Engineering IPO Lot Size<\/h2>\n\n\n\n<p>For Ratnaveer Precision Engineering, the minimum lot size is 150 shares.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>150<\/td><td>\u20b914,700<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>1950<\/td><td>\u20b9191,100<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>2,100<\/td><td>\u20b9205,800<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>68<\/td><td>10,200<\/td><td>\u20b9999,600<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>69<\/td><td>10,350<\/td><td>\u20b91,014,300<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Ratnaveer Precision Engineering IPO Reservation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50.00% of the Net offer<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15.00% of the Offer<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35.00% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Ratnaveer Precision Engineering IPO Timetable (Important Dates)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Monday, September 4, 2023<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Wednesday, September 6, 2023<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Monday, September 11, 2023<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Tuesday, September 12, 2023<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Wednesday, September 13, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Thursday, September 14, 2023<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on September 6, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Ratnaveer Precision Engineering Financial Information<\/h2>\n\n\n\n<p>Ratnaveer Precision Engineering reported assets of \u20b9389.05 Cr and a revenue of \u20b9481.14 Cr as of Mar 31, 2023. Here you can get the complete data of past three years:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2021<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>255.92<\/td><td>308.63<\/td><td>389.05<\/td><\/tr><tr><td>Revenue<\/td><td>364.05<\/td><td>428.47<\/td><td>481.14<\/td><\/tr><tr><td>Profit After Tax<\/td><td>5.46<\/td><td>9.48<\/td><td>25.04<\/td><\/tr><tr><td>Net Worth<\/td><td>56.58<\/td><td>65.97<\/td><td>106.05<\/td><\/tr><tr><td>Reserves and Surplus<\/td><td>52.32<\/td><td>61.71<\/td><td>71.16<\/td><\/tr><tr><td>Total Borrowing<\/td><td>150.76<\/td><td>190.73<\/td><td>229.99<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - Ratnaveer Precision Engineering IPO<\/h2>\n\n\n\n<p>The market capitalization of Ratnaveer Precision Engineering IPO stands at Rs 475.29 Crore, with a P\/E ratio of 13.49.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>P\/E (x)<\/td><td>13.49<\/td><\/tr><tr><td>Market Cap (\u20b9 Cr.)<\/td><td>475.29<\/td><\/tr><tr><td>ROE<\/td><td>29.12%<\/td><\/tr><tr><td>ROCE<\/td><td>12.62%<\/td><\/tr><tr><td>Debt\/Equity<\/td><td>2.17<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>7.26<\/td><\/tr><tr><td>RoNW<\/td><td>29.12%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>Ratnaveer Precision Engineering Limited aims to raise funds through this IPO for the following objectives:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Enhancing Working Capital:<\/strong>&nbsp;The company plans to allocate significant proceeds to bolster its working capital, ensuring smooth operations and meeting short-term financial obligations.<\/li>\n\n\n\n<li><strong>Corporate Endeavors:<\/strong>&nbsp;A part of the funds will be reserved for various corporate activities and strategic initiatives the company might undertake to foster growth and expansion.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jan-2023\/ratnaveer-precision-engineering-limited_67585.html\" data-type=\"link\" data-id=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jan-2023\/rishabh-instruments-limited-drhp_66824.html\" target=\"_blank\" rel=\"noreferrer noopener\">Ratnaveer Precision Engineering IPO DRHP<\/a> and <a href=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/09\/RATNAVEER-PRECISION-ENGINEERING-LIMITED-RHP.pdf\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/09\/RATNAVEER-PRECISION-ENGINEERING-LIMITED-RHP.pdf\" rel=\"noreferrer noopener\">Ratnaveer Precision Engineering IPO RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>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.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Ratnaveer Precision Engineering IPO Price: \u20b993 to \u20b998 per shareIPO 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-4889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/4889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=4889"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/4889\/revisions"}],"predecessor-version":[{"id":4971,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/4889\/revisions\/4971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/4901"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=4889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=4889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=4889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}