Ratnaveer Precision Engineering IPO Date, Review, Price, Allotment Details

Ratnaveer Precision Engineering IPO Details: The date for the Ratnaveer Precision Engineering IPO has been confirmed, with the IPO set to be available in the market from September 4 to September 6. The IPO aims to generate approximately ₹165 crores through a combination of methods, which includes a fresh issuance of 13,800,000 shares and an offering for the sale of up to 3,040,000 shares, each priced at ₹10. The allocation percentages are as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).

Ratnaveer Precision Engineering Limited specializes in manufacturing stainless steel (“SS”) products, encompassing a range of items such as finished sheets, washers, solar roofing hooks, pipes, and tubes. Their operational framework spans four distinct manufacturing units. Among these, Unit-I and Unit-II are situated at GIDC, Savli, Vadodara, Gujarat, while Unit-III is located at Waghodia, Vadodara, Gujarat, and Unit-IV finds its home at GIDC, Vatva, Ahmedabad, Gujarat. This strategic distribution of units is designed to capitalize on transportation accessibility, streamlining the movement of their products.

Unit I is the production hub for SS finishing sheets, SS washers, and SS solar mounting hooks, while Unit II is dedicated to the fabrication of SS pipes and tubes. On the other hand, Unit III handles the crucial melting process, transforming steel scrap into steel ingots. Unit IV, in turn, engages in the rolling process, shaping flat ingots into raw SS sheets that serve as the basis for SS washers. These manufacturing units are supported by comprehensive infrastructure, encompassing raw material storage, production facilities, finished goods warehousing, quality control measures, and a dedicated research and development laboratory.

The SS products crafted by Ratnaveer Precision Engineering cater to a diverse array of industries, including automotive, solar power, wind energy, power plants, oil and gas, pharmaceuticals, sanitary and plumbing, instrumentation, electromechanics, architecture, construction, electrical appliances, transportation, kitchen appliances, and chimney liners. This versatile product range caters to both commercial and residential segments, serving customers not only within India but also across international markets.

Ratnaveer Precision Engineering IPO Date & Price Band Details

IPO Open:September 4, 2023
IPO Close:September 6, 2023
IPO Size:Approx ₹165 Crores
Fresh Issue:Approx 13,800,000 Shares
Offer for Sale:Approx 3,040,000 Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹93 to ₹98 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%

Ratnaveer Precision Engineering IPO Market Lot

The Ratnaveer Precision Engineering IPO minimum market lot is 150 shares with ₹14700 application amount. The retail investors can apply up to 13 lots with 1950 shares or ₹191100 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1150 14700
Retail Maximum131950 191100
S-HNI Minimum142100 205800
B-HNI Minimum6810350 1014300

Ratnaveer Precision Engineering IPO Allotment & Listing Dates

The Ratnaveer Precision Engineering IPO date is September 4 and the close date is September 6. The Ratnaveer Precision Engineering IPO allotment will be finalized on September 11 and the IPO listing on September 14.

Price Band Announcement:August 28, 2023
Anchor Investors Allotment:September 1, 2023
IPO Open Date:September 4, 2023
IPO Close Date:September 6, 2023
Basis of Allotment:September 11, 2023
Refunds:September 12, 2023
Credit to Demat Account:September 13, 2023
IPO Listing Date:September 14, 2023

Ratnaveer Precision Engineering Company Financials


Ratnaveer Precision Engineering IPO Valuation – FY2023 basis

Check Ratnaveer Precision Engineering IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹7.26 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):29.12%
Net Asset Value (NAV):₹30.74 per Equity Share

How to Apply For Ratnaveer Precision Engineering IPO Through Zerodha?

To apply for the Ratnaveer Precision Engineering IPO through Zerodha, you can follow these steps:

  1. Open a Zerodha Demat Account: If you don’t already have an account with Zerodha, you will need to open one. You can do this by visiting the Zerodha website and following their account opening procedure. Make sure you complete the KYC (Know Your Customer) process as well.
  2. Fund Your Zerodha Trading Account: Ensure that you have sufficient funds in your Zerodha trading account to apply for the IPO. You can transfer funds to your Zerodha account from your bank account through net banking or UPI.
  3. Check IPO Details: Visit the Zerodha website or use the Zerodha mobile app to check the details of the Ratnaveer Precision Engineering IPO, including the issue price, lot size, and opening and closing dates.
  4. Place an IPO Application: Once you have logged in to your Zerodha account, follow these steps to apply for the IPO: Go to the “Console” section of your Zerodha account. Click on the “IPO” tab or look for the IPO application option. Search for the “Ratnaveer Precision Engineering IPO” and select it. Enter the number of lots or shares you want to apply for. Make sure your application amount does not exceed the funds available in your trading account. Fill in the necessary details such as your PAN card number, bank account details, and bid price. Review your application to ensure all information is accurate.
  5. Submit the Application: After reviewing your application, click the “Submit” or “Apply” button. You may need to enter an OTP (One-Time Password) for verification.
  6. Payment and Block Funds: Zerodha will block the required funds in your trading account to cover your IPO application. Ensure that you have sufficient funds available.
  7. Wait for Allotment: After the IPO subscription period closes, you will have to wait for the allotment results. Zerodha will credit the allotted shares to your Demat account if your application is successful.
  8. Check Allotment Status: You can check the IPO allotment status on the Zerodha website or the official website of the IPO registrar. Once you are allotted shares, they will be credited to your Demat account.
  9. Sell or Hold Your Shares: You can choose to sell the allotted shares in the secondary market (stock market) or hold them in your Demat account as an investment.

Please note that the IPO application process may slightly vary depending on any updates or changes made by Zerodha or the IPO registrar. It’s essential to follow the specific instructions provided on the Zerodha platform during the IPO application period.

Ratnaveer Precision Engineering – Company Promotors

VIJAY RAMANLAL SANGHAVI is the promotor of the company.

Ratnaveer Precision Engineering IPO Registrar

Telephone: +91 8108114949
Email: ratnaveerprecision.ipo@linkintime.co.in
Website: www.linkintime.co.in

Ratnaveer Precision Engineering IPO Allotment Status Check

You can check the allotment status once the IPO is subscribe and we will update the allotment status here.

Ratnaveer Precision Engineering IPO Current GMP

To check the current/latest GMP price of the IPO, please check this IPO GMP page.

Company Address

Ratnaveer Precision Engineering Limited
Plot no. E-77, G.I.D.C., Savli (Manjusar),
Vadodara – 391 775, Gujarat, India
Telephone: +91 8487878075;
E-mail: cs@ratnaveer.com
Website: www.ratnaveer.com

Ratnaveer Precision Engineering IPO FAQs

What is Ratnaveer Precision Engineering IPO?

Ratnaveer Precision Engineering IPO is a main-board IPO. They are going to raise ₹165 Crores via IPO. The issue is priced at ₹93 to ₹98 pr equity share. The IPO is to be listed on BSE & NSE.

When will the Ratnaveer Precision Engineering IPO open for subscription?

The offer date will be 4th September to 6th September 2023.

What is Ratnaveer Precision Engineering IPO Investors Portion?

The investors’ portion for QIB is 50%NII is 15%, and Retail is 35%.

How to Apply the Ratnaveer Precision Engineering IPO?

There are various ways to apply for the IPO, but most common and famous way to apply for IPO is through ASBA.

What is Ratnaveer Precision Engineering IPO Size?

The size of the Ratnaveer Precision Engineeting IPO is Rs. 165 Crores.

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