Ratnaveer Precision Engineering IPO subscription status started on Monday 4th September, 2023 and will close on September 06, 2023. Ratnaveer Precision Engineering IPO to raise around ₹165 crores via IPO. The retail quota is 35%, QIB is 50%, and HNI is 15%. The price band is fixed at ₹93 to ₹98 per equity share.
Ratnaveer Precision Engineering IPO Subscription Status
| Category | Subscription |
| QIB | 133.05x |
| NII | 135.19x |
| bNII (bids above ₹10L) | 35.56x |
| sNII (bids below ₹10L) | 55.65x |
| RII | 53.93x |
| Shareholders | NA |
| Total | 93.95x |
Ratnaveer Precision Engineering IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Ratnaveer Precision Engineering IPO GMP
For the latest GMP price for Ratnaveer Precision Engineering IPO, please check this IPO GMP page. For a daily trend of the GMP price, you may check this Ratnaveer Precision Engineering IPO GMP page.
Ratnaveer Precision Engineering IPO Review
Ratnaveer Precision Engineering is a leading player in the precision engineering industry. The company specializes in manufacturing high-precision components for various sectors, including aerospace, automotive, and healthcare. With a strong track record of delivering quality products and services, Ratnaveer Precision Engineering has carved a niche for itself in the market.
Ratnaveer Precision Engineering operates in industries that show promising growth potential. The aerospace and healthcare sectors, in particular, are expected to witness significant expansion in the coming years. This makes Ratnaveer Precision Engineering’s IPO an attractive opportunity for investors looking to tap into these lucrative markets.
Pros and Cons
The Upside
Investing in Ratnaveer Precision Engineering’s IPO comes with several advantages:
- Diversification: Adding shares of a precision engineering company to your portfolio can provide diversification benefits, especially if your current holdings are concentrated in other industries.
- Growth Prospects: The company’s focus on high-precision components positions it well for growth, given the increasing demand for such products in various sectors.
The Risks
However, like any investment, Ratnaveer Precision Engineering’s IPO also carries certain risks:
- Market Volatility: IPOs can be volatile, and the share price may experience fluctuations in the initial days of trading.
- Industry Competition: The precision engineering industry is highly competitive, and Ratnaveer Precision Engineering faces competition from both established players and new entrants.
In conclusion, Ratnaveer Precision Engineering’s IPO is generating considerable interest in the financial market. With its strong presence in the precision engineering sector and the potential for growth in the industries it serves, this IPO presents an exciting opportunity for investors. However, it’s essential to weigh the pros and cons carefully and conduct thorough research before making any investment decisions.
Ratnaveer Precision Engineering IPO FAQs
The IPO date for Ratnaveer Precision Engineering is 4th September 2023 to 6th September 2023.
The offer price for Ratnaveer Precision Engineering’s IPO Rs. 93 to Rs. 98 per share.
Ratnaveer Precision Engineering serves industries such as aerospace, automotive, and healthcare.
Investing in Ratnaveer Precision Engineering’s IPO can be suitable for long-term investors, given the company’s growth prospects, but it’s essential to consider your investment goals and risk tolerance.
You can access more information about Ratnaveer Precision Engineering’s IPO by visiting this page about Ratnaveer Precision Engineering IPO consulting with your financial advisor.
For current GMP price, please visit this page, Latest IPO GMP.