Ratnaveer Precision Engineering Limited is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes.
The company operate out of four manufacturing units, out of which two (Unit-I and Unit-II) are located at GIDC, Savli, Vadodara, Gujarat, one (Unit-III) is located at Waghodia, Vadodara, Gujarat and the other one (Unit-IV) is located at GIDC, Vatva, Ahmedabad, Gujarat.
The company’s manufacture SS finishing sheets, SS washers and SS solar mounting hooks at its Unit I and SS pipes & tubes at its Unit II. Unit III and Unit IV are dedicated for the backward integration process.
Ratnaveer Precision Engineering products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc.
Ratnaveer Precision Engineering IPO – Details
| IPO Opening Date | 04 September 2023 |
| IPO Closing Date | 06 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1,68,40,000 Shares Worth ₹165.03 Crore Fresh Issue: 1,38,00,000 Shares Worth ₹135.24 Crore Offer for Sale: 30,40,000 Shares Worth ₹29.79 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 – ₹98 |
| Market Lot | 150 Shares |
| Min Order | 150 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Ratnaveer Precision Engineering IPO – Date Schedule
| IPO Open Date | 04 September 2023 |
| IPO Close Date | 06 September 2023 |
| Basis of Allotment Date | 08 September 2023 |
| Initiation of Refunds | 08 September 2023 |
| Credit of Shares to Demat Account | 08 September 2023 |
| IPO Listing Date | 11 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 06 September 2023 |
Ratnaveer Precision Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | 14,700 |
| Retail (Max) | 13 | 1950 | 1,91,100 |
| S-HNI (Min) | 14 | 2100 | 2,05,800 |
| S-HNI (Max) | 68 | 10,200 | 9,99,600 |
| B-HNI (Min) | 69 | 10,350 | 10,14,300 |
Competitive Strengths
- Wide product portfolio and multiple designs product enables us to serve diverse end-use applications.
- Experienced Promoter.
- Synergy of young and experienced management team with a committed employee base.
- Establish Presence in the international markets.
- Strategically located manufacturing facilities with a core focus on quality;
- Quality Assurance and Quality Control of our products; and
- Growth led by continuous investment and R&D set up for new product development.
Company Promoters
- Vijay Ramanlal Sanghavi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 364.05 | 354.45 | 5.45 | 150.76 |
| 31 March 2022 | 428.47 | 415.02 | 9.47 | 190.72 |
| 31 March 2023 | 481.14 | 450.43 | 25.04 | 229.98 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 475.29 |
| ROE | 29.12 |
| ROCE | 12.62 |
| Debt/Equity | 2.17 |
| EPS (Rs) | 7.26 |
| RoNW | 29.12 |
Object Of The Issue
- Funding working capital requirements of our Company; and
- General corporate purposes.
Ratnaveer Precision Engineering IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | M.M. Forgings Limited | 20.26 |
| 2 | 1 | Menon Bearings Limited | 23.07 |
| 3 | 10 | Venus Pipes & Tubes Limited | 59.93 |
Ratnaveer Precision Engineering IPO Promoter Holding
| Pre Issue Share Holding | 86.30% |
| Post Issue Share Holding | 55.48% |
Ratnaveer Precision Engineering IPO Prospectus
Company Contact Information
| Ratnaveer Precision Engineering Limited Plot no. E-77, G.I.D.C., Savli (Manjusar), Vadodara 391 775, Gujarat, India Phone: +91 8487878075 Email: cs@ratnaveer.com Website: www.ratnaveer.com |
Ratnaveer Precision Engineering IPO Registrar
| Link Intime India Private Ltd Phone: +91 810 811 4949 Email: ratnaveerprecision.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Ratnaveer Precision Engineering IPO Lead Manager(s)
| 1. Unistone Capital Private Limited |
Ratnaveer Precision Engineering IPO FAQs
| What is Ratnaveer Precision Engineering IPO? Ratnaveer Precision Engineering IPO is a main-board IPO. The issue is priced at ₹93 to ₹98 per equity share. The IPO is to be listed on BSE & NSE. |
| When Ratnaveer Precision Engineering IPO will open? The IPO is to open on 04 September 2023 for QIB, NII, and Retail Investors. |
| What is Ratnaveer Precision Engineering IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Ratnaveer Precision Engineering IPO? You can apply Ratnaveer Precision Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Ratnaveer Precision Engineering IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Ratnaveer Precision Engineering IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Ratnaveer Precision Engineering IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Ratnaveer Precision Engineering IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Ratnaveer Precision Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Ratnaveer Precision Engineering IPO Size? Ratnaveer Precision Engineering IPO size is ₹165.03 Crore. |
| What is Ratnaveer Precision Engineering IPO Price Band? Ratnaveer Precision Engineering IPO Price Band is ₹93 to ₹98. |
| What is Ratnaveer Precision Engineering IPO Minimum and Maximum Lot Size? The minimum bid is 150 Shares with ₹14,700 amount while the maximum bid is 1950 shares with ₹1,91,100. |
| What is the Ratnaveer Precision Engineering IPO Allotment Date? Ratnaveer Precision Engineering IPO allotment date is 08 September 2023. |
| What is the Ratnaveer Precision Engineering IPO Listing Date? Ratnaveer Precision Engineering IPO listing date is 11 September 2023. The IPO is to list on BSE and NSE. |
