Ratnaveer Precision Engineering Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹93 - ₹98
- Lot size
- 150 shares
- Issue amount
- ₹165.03 cr
- Total subscription
- 93.97×
- Opens
- 4 Sept 2023
- Closes
- 6 Sept 2023
- Allotment
- 8 Sept 2023
- Listing
- 11 Sept 2023
Offer at a glance
Issue overview
- Issue size
- 1,68,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,950
- Fresh issue
- ₹135.24 cr
- Offer for sale
- ₹29.79 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,700
- Issue type
- Book Built Issue IPO
- Shares before issue
- 3,46,99,040
- Shares after issue
- 4,84,99,040
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1 | ₹14,700 |
| sHNI | 14 | 14 | ₹2,05,800 |
| bHNI | 69 | 69 | ₹10,14,300 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 33.01 | 4,391.54 |
| RETAIL | 57.76 | 3,117.09 |
| NIB | 24.75 | 3,346.95 |
| HNIs 2+ | 8.25 | 1,191.13 |
| HNIs 10+ | 16.5 | 2,155.82 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 7.26 |
| ROE | 29.12 |
| ROCE | 12.62 |
| RONW | 29.12 |
| PRE IPO(PE) | 0 |
| POST IPO(PE) | 18.99 |
Values and labels as reported in the issue data.
Company information
Company profile
Ratnaveer Precision Engineering Limited, incorporated in 2002, manufactures stainless steel finished sheets, washers, solar roofing hooks, pipes, and tubes for industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and chimney liners. The company operates four manufacturing units in Gujarat: Unit I and II at GIDC Savli (finished sheets, washers, solar hooks, and pipes/tubes), Unit III at Waghodia (melting unit), and Unit IV at GIDC Vatva (rolling unit). Ratnaveer offers over 2,500 SKUs of stainless steel washers and plans to expand into circlips, with additional land leased at GIDC Savli for expansion. In FY2023, the company recorded Rs. 4,797.30 million in revenue, comprising Rs. 3,875.39 million domestic and Rs. 921.91 million export turnover.
Promoters
Mr. Vijay Ramanlal Sanghavi
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot no. E-77, G.I.D.C., Savli (Manjusar), Vadodara - 391 775
+91 8487878075
[email protected]Understanding RATNAVEER IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.